For-Profit Business Process

A For-Profit Business Process is an organizational process in a for-profit business.

• Context:
  • It can be modeled by a Business Process Model.
  • It can be changed by a Business Process Reengineering Project.
  • It can be supported by a Business Software System.
  • …
• Example(s):
  • a Order-to-Cash Business Process.
  • a Product Lifecycle Management Process.
  • a Financials Management Process.
  • an Inventory Procurement Process.
  • a Pricing Process.
  • a Customer Interaction Process.
  • a Packaging Process.
  • a Fulfillment Process.
  • …
• Counter-Example(s):
  • a Non-Profit Organizational Process.
• See: Compound Task, Business Model, Business Plan, Management Process, Corporate Governance, Strategic Management, Core Business, Accounting, Recruitment, Call Center, Technical Support, Functional Silo.

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References

2015

• (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/business_process Retrieved:2015-7-13.
  • A business process or business method is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers. It may often be visualized as a flowchart of a sequence of activities with interleaving decision points or as a Process Matrix of a sequence of activities with relevance rules based on data in the process.

• (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/business_process#Overview Retrieved:2015-7-13.
  • There are three types of business processes:
    1. Management processes, the processes that govern the operation of a system. Typical management processes include “corporate governance” and “strategic management”.
    2. Operational processes, processes that constitute the core business and create the primary value stream. For example, taking orders from customers, and opening an account in a bank branch.
    3. Supporting processes, which support the core processes. Examples include Health & Safety, accounting, recruitment, call center, technical support.
  • A business process begins with a mission objective and ends with achievement of the business objective. Process-oriented organizations break down the barriers of structural departments and try to avoid functional silos.

    A complex business process may be decomposed into several sub-processes, which have their own attributes, but also contribute to achieving the goal of the super-process. The analysis of business processes typically includes the mapping of processes and sub-processes down to activity/task level. Business processes are designed to add value for the customer and should not include unnecessary activities. The outcome of a well designed business process is increased effectiveness (value for the customer) and increased efficiency (less costs for the company).

    Business Processes can be modeled through a large number of methods and techniques. For instance, the Business Process Modeling Notation is a Business Process Modeling technique that can be used for drawing business processes in a workflow.

• (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/business_process#Overview Retrieved:2015-12-15.
  • There are three types of business processes:
    1. Management processes, the processes that govern the operation of a system. Typical management processes include “corporate governance” and “strategic management”.
    2. Operational processes, processes that constitute the core business and create the primary value stream. For example, taking orders from customers, and opening an account in a bank branch.
    3. Supporting processes, which support the core processes. Examples include Health & Safety, accounting, recruitment, call center, technical support.
  • A business process begins with a mission objective and ends with achievement of the business objective. Process-oriented organizations break down the barriers of structural departments and try to avoid functional silos.

    A complex business process may be decomposed into several sub-processes, which have their own attributes, but also contribute to achieving the goal of the super-process. The analysis of business processes typically includes the mapping of processes and sub-processes down to activity/task level. Business processes are designed to add value for the customer and should not include unnecessary activities. The outcome of a well designed business process is increased effectiveness (value for the customer) and increased efficiency (less use of resources).

    Business Processes can be modeled through a large number of methods and techniques. For instance, the Business Process Modeling Notation is a Business Process Modeling technique that can be used for drawing business processes in a workflow.

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