Implementation of organizational changes based on reengineering of business processes

Abstract

The aim of the article is twofold: to describe some theoretical underpinnings of reengineering and to analyze several advantages and disadvantages of reengineering for managers’ future consideration.A known definition of such a radical change states that reengineering is the fundamental rethinking and radical redesign of business processes in a company in order to achieve better organizational performance and reach excellent financial results. It is noteworthy to mention that the multiplicative effect of successful reengineering efforts extend not only to the company itself, but also for the whole country, given the impact of redesign results of the national companies, industry organizations and other commercial establishments.