Hello friends! Here is a very interesting text. This article is about reengineering business processes.
This article is about reengineering business processes
Reengineering (or re-engineering) is the radical redesign of an organization's processes, especially its business processes. Rather than organizing a firm into functional specialties (like production, accounting, marketing, etc.) and looking at the tasks that each function performs, we should, according to the reengineering theory, be looking at complete processes from materials acquisition, to production, to marketing and distribution. The firm should be re-engineered into a series of processes.
In this unit (online dictionaries) we learned how to use the dictionary and we also used online’s dictionaries. Here is an example of two words from the last article.
Accounting: (ə-koun'tĭng).noun. To provide a record such as funds paid or received for a person or business. (From www.answers.com)
The system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results; also : the principles and procedures of accounting
Acquisition:(ăk'wĭ-zĭsh'ən). noun. Act of obtaining ownership of an asset through purchase, trade, or gift. Also, the asset that was acquired.
Example: Purchasing the apartment house when the market was depressed turned out to be a timely acquisition for the company. A portfolio of similar acquisitions has performed well over recentyears.
Something or someone acquired or gained