oboloo Glossary

Business Processes Are Collections Of

oboloo Glossary

Business Processes Are Collections Of

Business processes are collections of activities that are organized to produce a specific result. They are the backbone of any successful business, as they are the key to improving efficiency, reducing costs, and increasing customer satisfaction. Business processes are composed of tasks that are performed by people, systems, or both. They are typically documented in flowcharts or diagrams, and are designed to optimize the use of resources and maximize the output of the process. Business processes can be divided into two main categories: operational processes and management processes. Operational processes are those that are directly related to the production of goods or services, while management processes are those that are related to the management of the business. Examples of operational processes include production, sales, and customer service, while examples of management processes include financial management, human resources management, and strategic planning. Business processes are essential for any business to be successful, as they provide the framework for efficient operations and ensure that the business is able to meet its goals.