What are the Steps in the Business Process Lifecycle? Automation has allowed for a reduction in errors, an increase in speed, and an easier way to manage and measure business processes. With the aid of technological solutions like automation, business processes no longer have to be performed manually. Since then, this concept has evolved to be the focus of many who study operations, management, and business. The concept of a business process can be dated back to Adam Smith, in the same year that America signed the Declaration of Independence (1776). Each step or resource needed for completion is considered an input. The process can be broken down into each task, and each task is generally assigned to its respective stakeholder. The outcome could be to deliver a product, assemble a product, bring on new employees, pay invoices, or anything else of this sort.įor a business process to be completed, it’s common for many people to be involved. In the most simplest of terms, a business process is a set of steps taken to achieve an outcome.
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