Reengineering is the process by which a company implements the best practices from its own past performance and those of other companies to improve its own products.

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Reengineering is the process by which a company fundamentally rethinks and redesigns its business processes to achieve dramatic improvements in performance. It may involve implementing best practices from other companies, but it is not limited to simply improving products.

Reengineering Is the Process by Which a Company Implements the Best