business process

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business process

An action taken in the course of conducting business. Whether manual or automated, all processes require input and generate output. Depending on the level of viewing and modeling, a process can be a single task or a complicated procedure such as building a product.

A business information system process typically means updating a database from a transaction such as an order or application form (transaction vs. master). See transaction, business process modeling, business processing and information system.
References in classic literature ?
I have had a little knowledge of their methods of doing business; and I am free to confess that they have very liberal notions, and are as likely to make desirable tenants as any set of people one should meet with.
The Panama Metro Water and Sanitation Improvement Project helped improved the quality of water service for 80,382 beneficiaries in Coln and provided the National Water and Sewer Agency with a replicable model, using performance-based contracts, for effectively piloting and implementing new methods of doing business. The project increased water supply continuity from 13 percent in 2014 to 71 percent in 2017.
Under the current organization structure of the IC, the Brokers Division is in charge of conducting off-site and on-site examination on the affairs, financial condition and methods of doing business of insurance and/or reinsurance brokers.
'The result of the examination made into the affairs, financial condition and methods of doing business of Paz Life Plan as of end-2016 showed the company had failed to comply with the minimum P50-million paid-up capital requirement,' Insurance Commissioner Dennis B.
'The result of the examination made into the affairs, financial condition, and methods of doing business of Paz Life Plan as of year-end 2016 disclosed that the company failed to comply with the minimum P50 million paid-up capital requirement.
The company was reportedly recognised based on its distinctive methods of doing business and its unique potential in the market.
"As the survey results indicated, businesses continue to use the traditional methods of doing business. The 73% of businesses not receiving orders over the Internet cited the industry norm of taking physical orders as the biggest barrier," the report said.
JKBS has come up at a time when the corporate landscape is undergoing continuous change as a result of globalization, impact of information technology and search for new methods of doing business. To stay in business and grow the organizations need to constantly evolve, innovate, and change systems for scanning environment effectively, come up with action plan and have people to make it work.
We continually analyze our methods of doing business, looking for improved efficiencies and ways to keep our overhead low.
Starting in the 1990s, the USPTO began to grant patents for processes that describe methods of doing business. Known as "business method" patents, they are the source of substantial controversy, such as when Amazon was awarded a patent for its 1-Click online shopping system.
As franchise systems have grown, franchisors have also had to seek answers and implement new, improved methods of doing business and then share that information with franchisees.
The Internet enables startups to scale up rapidly and at a low cost, unburdened by legacy systems and traditional methods of doing business, while blurring the lines between sectors.

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