The financial impact comes with the cost of doing business and the need to make a profit. That profit will keep the company in the operational field where it can succeed. In fact if business process re-engineering exercise are done appropriately, it will tell that estimated savings will reflect and the actual results will be very close to the estimate that was made.

Chapter Contents:

• 5.1 Being accountable for process finances
• 5.2 Direct versus indirect costing and accounting
• 5.3 Concern for stockholder return versus stakeholder investment and return
• 5.4 The negatives of top management salaries and bonuses
• Questions for the reader
• References

Inspec keywords: business process re-engineering; industrial economics; financial management; costing; profitability

Other keywords: cost estimation; cost savings; financial impacts; business process reengineering exercise; profitability

Subjects: Economics; Financial management