Reviewing and revamping the way things are done is the basic principle of ________.
A) red ocean strategy
B) brown field venturing
C) reengineering
D) patenting

Question

Quizplus · Accepted Answer

The principle of reviewing and revamping the way things are done is known as reengineering. Reengineering involves analyzing and redesigning business processes to improve efficiency, productivity, and competitiveness. Red ocean strategy is a competitive business strategy for existing markets, brown field venturing refers to developing new projects on previously developed land, and patenting is the process of obtaining legal protection for inventions.

Reviewing and Revamping the Way Things Are Done Is the Basic