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Introduction Competition advantage in simple terms refers to all the factors that allow a company to perform better than its competitors. It helps the business to produce more quality goods and services with reduced cost generating higher sales and profit. Anything that helps a company to attain an edge over its competitors and attract more customers to spread its market space is termed as competitive advantage. Primarily, it has three factors that leverage advantage over others. First is the cost advantage, where a business produces or provides a service at a lower cost when compared to its competitors. Next is ... Read More
Introduction Business Process Reengineering (BPR) is a management approach put forward by Michael Hammer, former professor of Massachusetts Institute of Technology. According to him, reengineering is the fundamental rethinking that initiates a radical change in overall business processes with a view to achieve drastic enhancement in performance, quality, delivery time and revenue. It aims at structurally changing the work flows targeting the entire organization. The reengineering approach concentrated on business out comes than the tasks involved. Involvement of information technology is crucial in designing and developing process flows and automating tasks to make it free of human errors. As the ... Read More
Introduction Business Process Reengineering (BPR) is the process of comprehensively revamping the existing business process with a view to create a dramatic return of investment by reducing cost and improving quality. Changes in customer preferences, tight competition in the market with superior goods and services, advancement of technology decreasing profits and higher operational costs all pave way to BPR. The primary aim of reengineering process is to boost the performance of a business to its optimum level possible. BPR initiates a quantum jump not only to the organization, but also to the external parties like suppliers and customers. Attaining ... Read More
The Salesforce Training Program is an ideal opportunity for entrepreneurs and business professionals to enhance their knowledge, skills, and understanding of the Salesforce platform. With a combination of hands-on workshops, live virtual training sessions and interactive lectures; this program allows participants to learn from industry experts and gain the skills to implement Salesforce in their organizations. The program also offers the flexibility to adapt to each participant's individual needs and objectives so that they can tailor the program to their particular needs and goals. Whether you want to take your business to the next level or stay up-to-date with the ... Read More
Salesforce is one of the essential CRM software companies used worldwide. But is it that easy to use? Unfortunately, no, because this is a specialty software, you need some field training to implement and use it. When it comes to finding good institutions in Bangalore which can aid you with Salesforce training, thankfully, there are a few which do the job right. Not only that, Bangalore is a tech city, and hence the need in this field is also poignant. Thankfully, finding a good institution that can train you in this field opens up many avenues and can be great ... Read More
Introduction Operations management comprises of managing all business activities that facilitate input to output cycle. The term operations management was initially confined to production or manufacturing departments. However, the system has evolved through the years and is now used comprehensively to denote the management of day to day business activities of all units that finally channel towards the final product or services. Operations management aims at ensuring that the production process and overall operations across the business functions as efficient as possible. One of the main roles of operations management is to ensure the expenditure and costs of a company ... Read More
Introduction Business operations and its management is an inevitable part of all organizations irrespective of the sector. It comprises of all the activities that are involved in the procurement of inputs to the final delivery of goods or services. Numerous business processes and operations are engaged throughout the business cycle. Only effective management of these business operations help the company to deliver quality products or services with reduced cost and wastages. In other words, proper operations management helps to increase efficiency of a business. It comprises of all the steps and sub units that help channel the inputs to finished ... Read More
Introduction Operations management has a vital role in coordinating and managing functional units, business process and rules across departments. It acts as the main thread that connects every activity within a business towards achieving the final outcome. Operations management involves administering and monitoring business activities to ensure that they are functioning with maximum efficiency. An organization attains optimal performance only with the effective utilization of man, machine and resources involved. Operations management ensures this process balancing the costs incurred and inputs needed with the output obtained. It continuously strives to keep the profits high by reducing costs and increasing revenue. ... Read More
Introduction Business Process Reengineering is a management strategy that initiates a complete process and structural change leading to a drastic rise in business outcome. It is all inclusive of process redesign, change management and comprehensive transformation of business operations Structural transformation to changes in fundamental objectives and vision of the company might also be subject to change. Careful and meticulous examination of critical data from every functional unit and from the organization as a whole is crucial to ensure successful implementation of BPR avoiding pitfalls. The aim of BPR efforts should ideally lead to lower costs, reduced time cycles, high ... Read More
Introduction Business Process Reengineering as defined by Michael Hammer focuses on making a radical change on the process system as a whole to facilitate dramatic business outcomes. The traditional concept of automation or merely upgrading processes particularly with bulk investments in mechanization was not competent enough to deliver expected results. Incorporating technology without changing the existing structure and process of operations resulted only in speeding up operations. It failed to make an impact on business goals. A substantial boost in revenue can be reaped only by identifying and addressing the fundamental defects of process and underlying systems of the entire ... Read More