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MGT449 Wk 4 DQ 1


MGT449 Wk 4 DQ 1 fin571

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MGT449 Wk 4 DQ 1
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This 0 page Study Guide was uploaded by an elite notetaker on Wednesday November 11, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 24 views.

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Date Created: 11/11/15
Q What is a process Identify some processes in your organization and brie y map the terms process inputs outputs and goals How does process improvement affect a firm39s strategic plan Ans A process is a course of action or a set of various steps involved to achieve certain goals and objectives When various activities are combined together in a systemized form in order to get some output is known as a process The operations of every organization are based upon certain processes and procedures Following these procedures systematically and according to time aids in accomplishing the goals of those operations The process can further be divided into sub processes For example in our restaurant we follow certain processes to make various dishes or food items Our basic goal is to provide delicious food to match the satisfaction of the customers For this purpose we input various ingredients and then following a certain procedure make the required dish When this final dish is presented to the customer and he likes it then our goal is accomplished


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