“Indian Cos Go For Business Process Reengineering”
In an article in the April 10, 2009 issue of Economic Times, Booz & Company Principal Vikram Ramakrishnan (India) said that even for companies re-inventing themselves, the current economic slowdown poses several challenges. Those companies engaged in the practice known as Business Process Reengineering (BPR) must acknowledge the huge discontinuities in the market and understand that the fundamental nature of industries is changing, he said. And before companies even begin a restructuring, they should review the processes involved and ask if they are even needed at all, Ramakrishnan added. So goes the new reality of BPR as a means of boosting productivity in the current economic slowdown. Though BPR has been around since the early 1990s and has its loyal advocates, the current slowdown is unlike anything seen before, experts said, making it imperative for companies to take steps to ride our hard times and come out on top.