So, let’s get started …
FAQ 3- Could you please throw some light on continuous improvement for e-business?
E-business describes the combination of an organization’s informative and communicative tools, technologies, otherwise known as “business software”. It allows for the improvement of processes by creating more value to the organization, clients and associates.
E-business process improvement is not only applicable to companies that exists virtually, but it can be applied to all types of businesses that use IT or work with digital products. The desired result of e-business process improvement is to complete processes in a quicker manner, while spending less funds and adding value to the company.
E-business process improvement is a vital part of e-continuous improvement program.
E- business process improvement enhances the workflow in a company effectively and efficiently. Also, it allows large and fast changes to take place which are essential for e-businesses, since they are always changing and expanding. Organizations must integrate their e-business processes with best-in-class process improvement methodologies in order to reach their goals.
The outcome of adopting e-business process improvement program in an organization is to generate value. Often, creating value brings forth an increase in employee motivation, customer satisfaction, a rise in profit margins and favored affiliations with associates.
E-business process improvement campaigns also aim to lower the mistakes caused by individuals because of misunderstandings or miscommunications, while motivating employees.
It is a common belief that executing e-business process improvement requires high-level technology. While high-level technology can help, it is definitely not the only way that implementation can and will take place.
E-business process improvement requires both the IT and managerial departments to work together in order to come up with decisive ways in which, e-business processes of the organization are made to work more efficiently and effectively.
Some of the proven e-business process improvement methodologies are Lean, CMMI, Hoshin, Scrum, Agile, Kanban etc.
Be it a brick and mortar workplace or an e-business, both need to stay in business to sustain and grow. The problems faced by brick & mortar and e- businesses are not same, but there are quite a few ‘similar’ problems. Therefore, e- continuous improvement methodologies must be appropriately selected, enforced, monitored and continued for business efficiency, sustained growth and consistent increasing profits.
I shall discuss more FAQs concerning effective & efficient business process improvement in the upcoming posts. If you have any such questions about business process design or continuous improvement, please feel free to drop it in the comment section below.
By the way, if you run a company that is facing a challenge to thrive in these difficult times, I would suggest that you please revisit your business processes in order to accelerate growth and bring a quick turnaround.
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