Business Process of Merchant Cash Advance Options
Business process Merchant Cash Advance re-engineering sounds esoteric at best, and maybe a little pretentious. Wouldn't it be simpler to say business Merchant Cash Advance process change?
Most people understand what a business Merchant Cash Advance process is but when you combine it with re-engineering, it suddenly sounds vague.
The ProSci-sponsored Online Learning Center calls a business process "a set of activities that transform a set of inputs into a set of outputs (goods or services) for another person or process using people and tools."
It is simple. The way we interpret Merchant Cash Advance as:
- there are many ways of doing business,
- when one of those Merchant Cash Advances does not work or is considered to be ineffective it has to be improved,
- certain elements are introduced to make it better ("inputs"),
- those elements translate into a better product or service,
- that product or service is supposed to serve another person (a customer, a supplier, a partner)
That's elementary enough, but why do business Merchant Cash Advance processes have to be re-engineered?
It's All About the Customer (and Competition)
The philosophy behind business Merchant Cash Advance process re-engineering is to please the customer. By delighting him, we get to keep him, turning him into a loyal disciple.
Rivals have a sneaky way of snatching customers away from us. It's not because this world is full of sly and evil people, it's because we tend to sit on our bottoms and think that we've finally got it made. We've become lax.
merchant cash advance Business process improvement, according to, is not be confused with business process re-engineering. Instead of improving on current Merchant Cash Advance processes, the re-engineering concept says that because the technique is no longer viable, it has to be replaced, abandoned. There's a need to establish a clean slate, as the Merchant Cash Advance Online Learning Center teaches us.
Business process re-engineering, just like in Six Sigma, presupposes a series of stages: stage 1 involves a definition of the project – its rationale, objectives and scope. Stage 2 covers the entire learning process wherein we obtain as much information as we can about our employees, customers, suppliers and competitors – including non-competitors and align that new information with Merchant Cash Advance technology.
Armed with this knowledge, the next stage – stage 3 - is to set up our mission. Others call it a vision of the future. This requires a new set of business Merchant Cash Advance processes. Once we've determined the desired outcome of this transition, we move on to the next stage which calls for a plan of action that allows us to measure the gap between our company's present Merchant Cash Advance state and where we want it to go.
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Posted on: August 12, 2011 11:37 PM