Business process represents a set of tasks or activities that produce desired outcomes. A business process is a series of steps taken by a group of stakeholders to accomplish a specific goal. Each step of a business process represents a task assigned to a participant.
It serves as the foundation for several related concepts such as business process management, process automation, and so on. Business process management (BPM) is a systematic approach to improving processes that assists organizations in meeting their business objectives. If a company is unable to perform certain business activities internally due to cost or resource constraints, it may turn to business process outsourcing.
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