Business Process Management

Definition of Business Process Management Hierarchical Category as it relates to Business, Business Strategy, Financial Analysis

Business Process Management is a systematic approach that focuses on improving and managing an organization's workflows and processes to increase efficiency, effectiveness, and adaptability. It encompasses the use of various methods, techniques, and tools to strategically plan, model, execute, monitor, and optimize business operations. It also includes financial analysis for assessing the financial implications of business decisions and strategies, ensuring the financial health, and facilitating more informed decisions. This category is pertinent to the overall business strategy, with a goal of aligning all aspects of an organization with the wants and needs of clients, promoting business effectiveness, and efficiency while striving for innovation, flexibility, and integration with technology.

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