Business Strategy

How Business Process Reengineering would influence operational performance?

Business Process Reengineering is the process of rethinking and resigning about the fundamental’s business process in the organizations. Management of the entity considers Business Process Reengineering only for significant processes in the entity and to make sure its business could meet the following factors. Simplification Cost reduction Improved quality Enhance customer satisfaction My personal word …

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Ultimate Guide of Transfer Pricing: Concepts, Purpose, and Types.

The Concept of Transfer Pricing: Transfer pricing (TP) is the price of goods or services sold or bought between divisions in the same group or entity. For the divisions that operate in the same jurisdiction, transfer pricing is set for performance management and motivation of division from the group or entity level. Sometimes it is set …

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3 Types of Business Entities (Definition and Explanation)

Overview: Before looking into detail of the types of business entities, we would like to introduce the definition of business. Business is the trading activities from one person, a group of persons, commodities, and organizations in which the purpose of those activities is for generating profit directly or indirectly. Business is whatever size or nature …

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3 Importance Points to Know About Building Blocks

Building Blocks is the theory developed by Fitzgerald and Moon which is related to performance management. Building Block is the performance management theory which is applied for the service industry and consider 3 importance blocks. They are Dimension, Standard, and Service. Dimension included in Building Blocks Competitiveness Finance Performance Quality of service Flexibility Resource Utilization Innovation Standard …

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The Major Concept of Performance Pyramid: The Major Concept You Should Know

In this post, we will talk in detail about the major concept behind the performance pyramid philosophy in performance management. Performance Pyramid comes from the idea that an organization operates at a different level, each of which has a different concern which should nevertheless in achieving business objectives. This concept also believes that the business …

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