RE-ENGINEERING & CORPORATE DEVELOPMENT
Re-Engineering is a term that all corporate trainers should be familiar with. It is defined as a complete review of an organization's critical work processes to make them for efficient. How does this apply to you? Currently, businesses are not as profitable as they once were. Executives are hesitant to contribute funds for new resources, and objectives now relate to improving the efficiency of current practices. In relation to corporate training, it is becoming harder to invest in new teaching practices. Businesses are seeking to re-invent the methods they currently have and focus on education being an "in and out" process. Time costs money and it is an asset that continues to diminish. If we can learn how to capitalize on these developments, and re-engineer rather than re-create, it will assuredly create an advantage in the workplace. HRudaya lists the top 10 current trends in Corporate Development. Re-Enginering was ranked number three.
Daniel,
ReplyDeleteAnother term for reengineering is repurposing. I am glad you chose to address this topic in your blog.
Dr. Keane
I don't know if I totally agree with the whole concept of Re-Engineering. The term reinvent I like because an invention is more or less always a work in progress. Although there are times were you have to admit you made a mistake and go back to tweak method or process, I think businesses are so caught up in profit margin that they lost their innovative edge.
ReplyDeleteMaybe it is just me but when I think of the prefix -re in some words such as reengineering I don't expect major changes vs the alternative reinventing. In essence I guess it all comes down to word choice when presenting such a concept. In conclusion repurposing and reengineering are all fine and well to a certain extent but if businesses never took chances then modern society would never be in the position we are now. Eventually business will have to step up and get the innovative juices flowing but nothing stays the same in the business world.
So far as corporate development and cost-reduction goes, re-engineering is a great idea. I guess it goes along with avoiding reinventing the wheel; no reason to start a new program when you can improve the existing program. Like Dr. Keane pointed out, re-purposing is another way of saying re-engineering, but I think re-purposing goes much further than re-engineering. That's an entirely different discussion, though.
ReplyDelete