Re-engineering: The Big Bang Theory of reinventing the organization

Re-engineering is a term often misused in the insurance industry to label any kind of organizational change. Some companies and agencies have successfully used re-engineering concepts and practices to become more effective and competitive. Some organizations have used the term to justify layoffs bec...

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Bibliographic Details
Published inCPCU journal Vol. 48; no. 3; p. 138
Main Author White, George A
Format Journal Article
LanguageEnglish
Published Media Society of Chartered Property and Casualty Underwriters 01.09.1995
Subjects
Astronomers
Big Bang theory
Business process reengineering
Cosmology
Employees
Employment
Engineering
Insurance industry
Managers
Organizational change
Trust
Universe
Workers
United States > US
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Summary:Re-engineering is a term often misused in the insurance industry to label any kind of organizational change. Some companies and agencies have successfully used re-engineering concepts and practices to become more effective and competitive. Some organizations have used the term to justify layoffs because of planned reductions in the work force, acquisitions, or mergers. The attributes of re-engineering and its long- and short-term effects on the insurance industry are identified. Re-engineering has its pitfalls, but the benefits to the organization and the individual may be worth the effort.
ISSN:0162-2706
2163-1786