Question

A dialogue between father and daughter on a road accident met with the neighbour discussing about who is responsible for it

Answer 1

Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets. Business process management is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. BPM attempts to improve processes continuously. It can, therefore, be described as a "process optimization process". It is argued that enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach.