Reengineering in Access Bank Plc

Decent Essays

Access Bank Plc is on the company carrying on the business of commercial banking in Nigeria.
Access Bank Plc has its registered corporate head office at Plot 1665 Oyin Jolayemi Street Victoria Island Lagos. Access bank Plc was in- corporated as a private limited liability company on February 8, 1989, to undertake the business of commercial banking and commercial operations started on May 11, 1989. The bank converted to a public limited liability company on March 24, 1989 and was subsequently listed on the Nigeria Stock Exchange on November 18, 1998 at an initial offer price of 70kobo per share. The bank was issued a universal banking license by the Central bank of Nigeria on February 5,2001. The Central Bank of
…show more content…
totally disregard the status quo • according to Eliyahu M. Goldratt (and his theory of constraints) reengineering does not provide an effective way to focus improvement efforts on the organization's constraint.
There was considerable hype surrounding the book's introduction (partially due to the fact that the authors of Reengineering the Corporation reportedly bought numbers of copies to promote it to the top of bestseller lists).
Abrahamson (1996) showed that fashionable management terms tend to follow a lifecycle, which for Reengineering peaked between 1993 and 1996 (Ponzi and Koenig 2002). While arguing that Reengineering was in fact nothing new (as e.g. when Henry Ford implemented the assembly line in 1908, he was in fact reengineering, radically changing the way of thinking in an organization), Dubois (2002) highlights the value of signaling terms as Reengineering, giving it a name, and stimulating it. At the same there can be a danger in usage of such fashionable concepts as mere ammunition to implement particular reforms.

1.12 Process management

Process management is the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with
Get Access