Editing Process-based management (section)

{{Short description|Organizational style}}
{{other uses|Process (disambiguation)}}
'''Process-based management''' is a [[Business administration|management]] approach that views a business as a collection of processes, managed to achieve a desired result.<ref>"''Process-based Management''" Barron's Business Guides: Dictionary of Accounting Terms, Jae K. Shim et al., Barron's Educational Series, 2014. Credo Reference, Accessed 09 Oct 2016.</ref> Processes are managed and improved by the organisation for the purpose of achieving its [[Goal|vision]], [[mission statement|mission]] and core values. A clear correlation between processes and vision supports the company in planning strategies, structuring business and using sufficient resources to achieve long-term success.<ref name="achievingpbm" />

From a process perspective, an organisation regards its business as a system of vision-achieving vertical processes rather than specific activities and tasks of individual functions. The system is not a method or tool for a particular process, but a [[holistic approach]] to manage all of an organisation's processes. To manage processes effectively the organisation must have an effective [[teamwork|team network]] and full knowledge of their vision.

The general management system focuses on specific work-knowledge and direct solutions for cost and [[budget]]; on the other hand, process based management applies these financial measurements but in an operational way considering how each performance affects the company as an amalgam of different processes. As a result of recent advances in technology and increased international competition, more companies aim for better methods of grouping and integrating organisational activities.<ref name="newapproach" />