Running Head Annotated Bibliography 570129

Running Head Annotated Bibliography 1annotated Bibliography 5annota

Compile an annotated bibliography that summarizes scholarly articles and sources related to business process management, development in business management, and essential components for starting and managing a business. The sources should include discussions on management strategies, standards, components such as financial management, human resources, supply chain management, government compliance, credentials, and critical success factors for business processes.

Include an introduction that outlines the key components involved in starting and managing a business, and provide detailed summaries of each article or source, discussing their relevance to business management. The bibliography should conclude with a comprehensive discussion on the core components necessary for establishing and managing a successful organization, citing credible sources within 2010 and earlier, formatted appropriately.

Paper For Above instruction

Business process management (BPM) is a critical area within organizational operations, aiming to increase efficiency, adaptability, and sustainability. Aalst, Hofstede, and Weske (2003) provide a comprehensive survey of BPM, emphasizing the significance of structural and functional approaches that foster organizational flexibility and durability. These strategies are instrumental in managing resources efficiently and responding to dynamic business environments effectively. Their research highlights the importance of well-designed models that support maintenance and continuity, making them vital for operational stability.

Gray and Larson (2000) focus on project management within managerial processes, stressing that operational and supportive processes are essential for sustained performance. Their work underscores the necessity for managers to develop a broad awareness of organizational systems, enabling them to leverage managerial activities across multiple purposes. The emphasis on balancing short-term and long-term goals aligns with contemporary management practices that prioritize strategic planning and resource allocation.

Ko, Lee, and Wah (2009) delve into BPM standards, illustrating that organizations can thrive by ensuring the right mix of skilled professionals, resources, workspace, and legal formalities. This comprehensive approach reflects the multifaceted nature of effective business management, which relies on a combination of human capital, legal compliance, and infrastructure. Their insights are particularly valuable for startups aiming to establish sustainable operations from inception.

Paim, Caulliraux, and Cardoso (2008) offer a conceptual and practical perspective on process management tasks, detailing the essential functions that managers must perform. These include planning, organizing, coordinating, and controlling activities such as supply chain logistics, human resources, and departmental collaboration. Their emphasis on active managerial tasks provides a practical blueprint for managers seeking to implement effective processes and ensure organizational coherence.

Trkman (2010) highlights critical success factors for BPM, especially at organizational inception stages. The emphasis on resources, assets, and personnel reveals the foundational elements necessary for sustainable business operations. The author emphasizes that legal credentials and regulatory compliance are indispensable for legitimacy and operational legality, a consideration vital for new ventures navigating complex legal environments.

Additionally, insights from sources like Choon Tan (2001), Huston (2010), and Porter and Spear (2010) expand on essential components such as supply chain management, financial literacy, and strategic human resource management. Tan (2001) discusses supply chain frameworks that optimize material movement and customer relations, thus influencing sales and customer satisfaction. Huston (2010) underscores financial management practices, including investment and utilization of funds, which directly impact organizational health. Porter and Spear’s (2010) work on strategic HR management emphasizes recruiting skilled personnel, which is crucial for achieving organizational objectives.

In synthesizing these sources, it becomes evident that successful business operations depend on integrated management approaches, including strategic planning, resource allocation, legal compliance, and human capital development. The core components—financial resources, skilled personnel, effective supply chain, and regulatory adherence—are interdependent and essential for sustainable growth. These elements form the foundational pillars that underpin the operational success of any enterprise, as supported by the scholarly literature examined.

References

  • Aalst, W. M. P. V. D., Hofstede, A. H. M., & Weske, M. (2003). Business Process Management: A Survey. Business Process Management, 1--12.
  • Gray, C. F., & Larson, E. W. (2000). Project Management: The Managerial Process. McGraw-Hill.
  • Ko, R. K. L., Lee, S. S. G., & Wah Lee, E. (2009). Business process management (BPM) standards: a survey. Business Process Management Journal, 15(5).
  • Paim, R., Caulliraux, H. M., & Cardoso, R. (2008). Process management tasks: a conceptual and practical view. Business Process Management Journal, 14.
  • Trkman, P. (2010). The critical success factors of business process management. International Journal of Information Management, 30(2).
  • Choon Tan, K. (2001). A framework of supply chain management literature. European Journal of Purchasing & Supply Management, 7, 39-48.
  • Huston, S. J. (2010). Measuring Financial Literacy. Journal of Consumer Affairs, 44(2).
  • Porter, C., & Spear, B. (2010). Strategic Human Resource Management. Human Resource Management Review, 14.

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