The foundations for managing a modern enterprise: A review

Abstract

‘The Best of Time’ of any organization is achieved through several factors such as connectivity, causality and understanding. These factors are found by successful implementation of strategy through business process. Extending operational excellence to management excellence is the strategic imperative for organizations of all sizes, in every market around the world. The goal is clear; however, in most organizations, the path for getting there is less so. This paper illustrates how business processes are integral to delivering business strategy. It also examines the way organizations can analyse the performance of their existing processes and suggests some ways in which they can look to improve that performance because business competitive edge and success comes from the organisation's ability to continuously improve its operations and processes. It discusses on the Process Renewal Group Business Process Management Framework. In addition, it provides a deeper look into two main phases, such as Understanding the Enterprise and Architect and Alignment of Business processes, which are the fundamental building blocks for the success of modern enterprise. We conclude that alignment of organisation's business processes with strategy and stakeholder expectations is also highly important.