A recent review of the company's operational costs showed that it needed to achieve dramatic improvements in all aspects of performance to stay competitive. What should the CEO do to best improve performance?
A)Increase management oversight of employees.
B)Launch a process reengineering task force.
C)Approve incremental product changes.
D)Add steps to each value chain activity to monitor results.
E)Implement a flexible manufacturing model.

Question

Quizplus · Accepted Answer

Process reengineering involves fundamentally rethinking and redesigning business processes to achieve significant improvements in critical aspects such as cost, quality, service, and speed, which aligns with the need for dramatic improvements.

A Recent Review of the Company's Operational Costs Showed That