Turning Business Processes into Business Assets
How to leverage process modeling as a lasting investment
The way a company does things is often called its business processes, and capturing these business processes is a common procedure for many companies. The recorded processes are useful to better understand the way a company operates; these processes can also be stress-tested and modeled for further optimization or experimentation. Along with a company’s products, people, IT systems, customers, and suppliers, its recorded business processes form an important part of the company’s total value bundle, and so should be treated as a real asset.