B.C.Ironworks Company has been in business for 65 years.Yesterday,its CEO was heard to say,"We need to scrap all of this company's outdated ways of doing business and just start over beginning with the development of a new mission statement." Which of the following processes is planned for Piedmont Ironworks?
A) redesigning
B) downsizing
C) reprocessing
D) reengineering

Question

Quizplus · Accepted Answer

The CEO's statement suggests that the company is planning on reengineering, which involves fundamentally restructuring and redesigning business processes to improve efficiency and effectiveness. The focus on developing a new mission statement indicates a larger effort to overhaul the company's core values and operations. Downsizing involves reducing the size of the workforce, reprocessing involves improving existing processes, and redesigning involves making changes to specific aspects of the business.

BCIronworks Company Has Been in Business for 65 Years