Improving the Efficiency of Enterprise on the Basis of Management of Business Processes

Abstract

The article provides key approaches to determining the concept of enterprise efficiency. One of them is the introduction of a process approach and optimization of production business processes. The purpose of the article is the theoretical studying and comprehensive determining the business processes of the enterprise to be optimized to increase its efficiency. The methodological instrumentarium of the study were methods such as retrospective analysis, synthesis, critical analysis, generalization method. In the current economic conditions of development of enterprises there are objective reasons justifying the need to move to the application of a process approach in management. An enterprise that applies a process approach to the organization of business environment management significantly increases the efficiency of economic activity. Economic activity is perceived as a totality of business processes, which aims to implement the mission and goals of the enterprise. It is determined that business processes management is a certain system of development and implementation of managerial decisions to ensure a high level of efficiency, which is reflected in the results of the enterprise. It is proved that the optimization of business processes of the enterprise is an effective instrument for ensuring the efficiency of activities and realizing the potential of the enterprise in the current conditions of uncertainty, as well as contributing to increasing profits and productivity growth, reducing costs, improving the quality of products or services, increasing their compliance with the needs of customers and consumers. For maximum quality of business processes in the enterprise, it is necessary to use optimization methods that will allow establishing a balance between the satisfaction of consumers and competing market forces, on the one hand, and business efficiency indicators on the other. Prospect for further research in this direction is to strategize the activities of enterprises on the basis of a process approach.

Keywords

• efficiency
• optimization
• business process
• enterprise
• criterion.