Question

Top executives at McCain Ericsson Bank have taken up business process reengineering to improve the standards of the organization. They are unsure if their current loan application process is an adequate measure of determining whether or not a loan should be given to an individual. Which of the following elements are they considering?
a) objective
b) design
c) capabilities
d) infrastructure

Answer 1

Answer: (A) Objective

Explanation:

 The objective is refers to the main aim of an organization that the company wants to achieve and it include various types of strategies. By using the main objective we can build the various types of time frame and the resources in an organization.

By using the main objective element, we can improve various types of standard in an organization and maintaining the order and standards.

Therefore, Option (A) is correct.