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Business Process Improvement Application Of Modern Management Techniques

Author

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  • Marija Zivanovic, Nada Zivanovic

    (City Kragujevac, Kragujevac, University „Union” Beograd, Faculty for business industrial management, Belgrade)

Abstract

Today, globally operating business world is exposed to constant change processes. Reengineering is the driving force that helps companies, business and manufacturing organizations to achieve success in the new millennium that is full of challenges, risks, information explosion, Internet communications, teleconferencing and global competition. Therefore, effective business strategy, well-trained management personnel, financial - tech resources (IT), management skills and the skills and flexibility (responsiveness) are essential for success in business. Market conditions will be created by people who will decide on the changes, plans and projects, organizational culture, new challenges to create value that can be sold (goods and services) and how to define where consumers expect to buy. In this paper, attention is concentrated on the three most important methods and techniques for strategic business changes, observed through the application re-engineering, including self-assessment, teamwork and benchmarking.

Suggested Citation

  • Marija Zivanovic, Nada Zivanovic, 2015. "Business Process Improvement Application Of Modern Management Techniques," Ekonomika, Journal for Economic Theory and Practice and Social Issues 2015-01, „Ekonomika“ Society of Economists, Niš (Serbia).
    • Handle: RePEc:esb:petprv:2015-115
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    File URL: http://www.ekonomika.org.rs/en/arhiva/PDF/ekonomika/2015/clanci1/15.pdf
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    Cited by:

    1. Sulaiman Olusegun Atiku & Ziska Fields, 2016. "The Relationship between Entrepreneurial Culture and Sustainable Competitive Advantage in the Banking Sector," Journal of Economics and Behavioral Studies, AMH International, vol. 8(2), pages 26-39.

    More about this item

    Keywords

    business processes; reengineering; benchmarking; teamwork;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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