What are the four processes that define a closed-loop BPM cycle?
What will be an ideal response?
1. Strategize: This is the process of identifying and stating the organization's mission, vision, and objectives, and developing plans (at different levels of granularity–strategic, tactical and operational) to achieve these objectives.
2. Plan: When operational managers know and understand the what (i.e., the organizational objectives and goals), they will be able to come up with the how (i.e., detailed operational and financial plans). Operational and financial plans answer two questions: What tactics and initiatives will be pursued to meet the performance targets established by the strategic plan? What are the expected financial results of executing the tactics?
3. Monitor/Analyze: When the operational and financial plans are underway, it is imperative that the performance of the organization be monitored. A comprehensive framework for monitoring performance should address two key issues: what to monitor and how to monitor.
4. Act and Adjust: What do we need to do differently? Whether a company is interested in growing its business or simply improving its operations, virtually all strategies depend on new projects–creating new products, entering new markets, acquiring new customers or businesses, or streamlining some processes.
The final part of this loop is taking action and adjusting current actions based on analysis of problems and opportunities.
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The U.S. Congress enacts a new federal statute that imposes liability on businesses hiring employees without verifying their citizenship status. This statute applies
a. only to businesses not covered by state law. b. only to those states that consent to apply it. c. to all of the states. d. to none of the states.
Did Jill commit the unauthorized practice of law by answering Mr. Bremer’s questions about legal fees?
What will be an ideal response?
15. __________ is a centralized, automated approach to provide enterprise wide access to resources by employees and other authorized individuals, with a focus of defining an identity for each user,
associating attributes with the identity, and enforcing a means by which a user can verify identity. ? A. Registration authority ? B. Federated managing authority C. Identity management ? D. PKIX management
Megan, Inc. has fixed costs of $400,000, sales price of $40, and variable cost of $30 per unit. How many units must be sold to earn profit of $80,000?
A. 48,000 B. 2,000 C. 10,000 D. 40,000