Reengineering

Reengineering refer to (1) A method for making rapid, radical changes to a company's organization and processes; (2) taking apart a competitor's products to see how they are designed and then designing similar products.

Definition

According to Managing Quality by Foster (6th edition),

Reengineering. (1) A method for making rapid, radical changes to a company's organization and processes; (2) taking apart a competitor's products to see how they are designed and then designing similar products.

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Reengineering. The fundamental rethinking and redesign of business processes to achieve improvements in critical measures of performance, such as cost, quality, service, speed, and customer satisfaction.