Modeling Business Strategy free essay sample

A discussion of business process modeling in a globalized economy. This paper begins with an overview of the business process and introduces concepts of business process modeling. The problem of population control in Bangladesh is explored to demonstrate how the strategies in business modeling can be used to deal with challenges and achieve goals. In the ever increasingly competitive and globalized world economy, business corporations face a never ending cycle of growing competition and in order to effectively meet these challenges to their successful functioning as business entities businesses use business innovation techniques like business modeling process re-engineering, downsizing and outsourcing among many others. These are the main techniques companies use to redesign themselves in reaction to the various business challenges. The result is expected to be a pliable company that can sidestep the many perils that a business has to face in the intensely competitive global environment.