Business Process

Business processes describe how organizations organize to accomplish work. At its most generic, a businesses process is any set of activities performed by a business that is initiated by an event, transforms information, materials or business commitments, and produces an output of value to the organization or stakeholders of the process. Value chains and other large-scale business processes produce outputs that are valued by customers or other external stakeholders. Smaller processes generate outputs that are valued by other processes or by internal stakeholders, as, for example, employees or managers.