Meaning of process networks
Process Networks
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Knowledge
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Meaning and definition of process networks :
Process Networks: Process networks are a useful mechanism for facilitating inter organizational knowledge creation. According to John Hagel III and John Seely Brown, in their book, “The Only Sustainable Edge”, a specific form of network is evolving among world class companies in their endeavor to gain more flexible access to specialized capabilities on a global scale. Process networks typically extend beyond the first tier of business partners, and seek to coordinate activities across multiple tiers of enterprises within a business process. Process networks adopt a pull model where resources are flexibly provided in response to specific market demand. Process networks require formal orchestrators to function effectively. These networks are characterized by loose coupling. Relatively independent modules of activity are designated, with clear ownership and accountability for each module. The performance levels that each module must meet at the interfaces connecting it with other modules are defined. Module owners can improvise as long as they comply with the performance requirements. This kind of approach is not only more scalable but is also more effective in tapping the knowledge of a large number of specialized participants. In short, process networks are a way to multiply the value of a company’s capabilities. Relevant complimentary knowledge is tapped in a flexible way to provide more value to the customer.
For the term process networks may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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Glossary of knowledge terms
Process Networks
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