class 4: Business Processes (chapter 6) Flashcards

1
Q

business processes

A

an ongoing collection of related activities

together, they create a product or a service of value to the organization, its business partners, and/or its customers

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2
Q

what are the three fundamental elements of business processes?

A

inputs

resources

outputs

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3
Q

business process inputs

A

Materials, services, and information

they flow and are transformed as a result of process activities

they are what we need to provide the value we porpose

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4
Q

business processes’ resources

A

People and equipment that perform process activities

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5
Q

business process outputs

A

The product or a service created by the process

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6
Q

what is at the core of business processes?

A

the IPO model

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7
Q

the IPO model

A

input –> process – > output –> feedback –> input

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8
Q

can a business process lead to another one?

A

yeee

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9
Q

how can software improve processes?

A

can reduce errors and shit

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10
Q

can we see a business as a big chain of IPOs (business processes)

A

yeee

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11
Q

what are the 4 main flowchart symbols? what do they represent?

A

the box = activity/task

the arrow = the flow

the little circle = event

the losange = gateway (used for decision points)

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12
Q

flowchart swimlanes?

A

used to organize the business processes

it helps identify who does what

everyone sticks to their lane

represents the role

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13
Q

in flowchart, how do you represent flowchart’s data flows?

A

with dotted lines

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14
Q

are swim-lanes horizontal or vertical?

A

can be both

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15
Q

what is the whole point of mapping out a business process?

A

to find ways to improve it?

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16
Q

how can you improve a business process?

A

use technology

we can redesign the process

radically transform (disrupt) the business process

17
Q

what is widely recognized as the underlying basis for all significant measures
of competitive performance in an organization?

A

Excellence in executing business processes

18
Q

why would large companies not want to improve too much?

A

because they want to keep their current customers happy

19
Q

how do we create, maintain, and grow our competitive advantage?

A

by improving how we execute our business processes

20
Q

what are important aspects that must be considered when wanting to improve business processes?

A

customer satisfaction

cost reduction

Cycle and fulfillment time reduction

Quality

Differentiation

Productivity

21
Q

improving customer satisfaction

A

hope that if they are happier, they can buy more shit

The result of optimizing and aligning business processes to fulfill customers’ needs, wants, and desires

22
Q

cost reduction

A

The result of optimizing operations and supplier processes

time and materials that we need and make sure that their costs are reduced

this will allow to sell our shit for a lower price

23
Q

Cycle and fulfillment time reduction

A

The result of optimizing the manufacturing and logistics processes

24
Q

quality

A

The result of optimizing the design, development, and production processes

25
Q

Differentiation

A

The result of optimizing the marketing and innovation processes

will make products a much more desirable

26
Q

Productivity

A

The result of optimizing each individual’s work processes

27
Q

who are the participants of. busines sprocesses?

A

analysts

managers

technical developers

etc.