Business process improvement

A business process is a series of actions taken within a company to deliver value, which can be executed by humans or machines. These processes are fundamental to a company’s operation and determine its success in the market. Examples range from web order deliveries to invoice payments. The key to maintaining competitiveness lies in continuously evaluating and improving these processes. Just as the German automotive industry had to adapt from a gasoline-dominant landscape to the rising demand for electric vehicles, businesses must stay agile to market trends. Ignoring the need for change can risk obsolescence. CEOs are encouraged to proactively analyze and refine their processes, keeping the long-term viability of their company in view.