If you don’t know the definition, business processes are a set of organizational activities that help a company achieve its goals and objectives. They include defined inputs and outputs. These contributions usually include factors that either directly or indirectly contribute to the added value of a business service or product. Business processes can majorly be characterized into operational procedures, management processes and supporting business methods.
Business processes and standards are commonly developed when you are in the early stages of starting a business, when you are trying to rebuild or when looking to grow a business that has been underachieving. That said, well-structured or poorly structured business processes determine whether your business will succeed or fail respectively.
Benefits of Business Processes and Procedures
- Provide operation consistency
- Provide standard performance measures