Related Terms. Result of efforts to make a product or brand stand out as a provider of unique value to customers in comparison with its competitors. The company decided to lower its prices and hoped the cost differentiation would lure some customers away from their competitors. 24 people found this helpful.
Business process mapping takes a specific objective and helps to measure and compare that objective alongside the entire organization's objectives to make sure that all processes are aligned with the company's values and capabilities.his is a prime example of how process mapping can be used in any situation/process in order to understand all of the different parts so that we can complete the process with a better understanding for more efficiency.
Process mapping is an essential tool of Six Sigma Projects that everyone needs to take advantage of. This allows you to get a visual glimpse of your business processes and how they are currently operating, as well as allowing you to see how they could be operating better by mapping out potential solutions.