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What Are the Top Ten Core Business Processes?

Categories
  • Improve Business Processes
  • Improve Management Systems
Tags
  • accounting
  • business
  • business process management
  • core processes
  • finance
  • hiring
  • processes
  • technology
Critical Business Processes

Ten Core Business Processes are critical

While many businesses have shifted their store from a physical one to online in hopes of grabbing a large audience’s attention, in any organization there exists a common set of core business processes that must exist for the organization to function properly. Small organizations start with a small set of five Core Business Processes, that are the critical business processes to every business, and then grow from there.

First Core Business ProcessesEffective Process Definition

Every organization needs a sales and marketing function. Even non profits, governments and hospitals must identify their customers, manage the relationships, and deliver a good or service in exchange for funds.

Once you have cash coming in you must account for that cash and complete your tax return, which means you need accounting policies and procedures . Accounting operates on technology, so in a small company a technology process often time is part of accounting (unless you are a technology company and then it is part of product development).

Product or Service Delivery Process

Next comes your product or service delivery process that you collected money for. You have to deliver it and deliver it well, with a quality process, or else you won’t get more money from your customers in the future.

A business must hire employees, manage the operation, and finance the ups and downs. And lastly, you have to have a product development process to design products for your customers.

Five Core Processes for Small Business

ISO 9001-2015 Process Map

An Example of Organization Processes

After selling and delivering your product or service, you have to account for it, pay your taxes, and ensure compliance with government standards, laws, and regulations. That means accounting, quality, human resources (HR), maybe finance, and product development.

So what are the Five Core Processes for Small Business?

  1. sales and marketing
  2. Accounting & Technology
  3. Quality & Product/Service Delivery
  4. Management, HR & Finance
  5. Product Development
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Ten Core Business Processes

CEO Core Business Processes

The Bizmanualz CEO Company Policies Procedures Manual Series is designed with your core business processes in mind. The nine business policies and procedures manuals provide your organization with examples of the core business processes.

A small business is pretty simple, until you start to grow. Growth introduces new complexities that require more employees and more focus. The five core processes for a small business quickly grow to the ten core processes for business.

That is, each of the core small business processes splits into two and now sales and marketing are separate processes, same with accounting, technology, quality and product delivery.

We now have identified the Ten Core Business Processes:

  1. Customer Strategy & Relationships (Marketing)
  2. Employee Development & Satisfaction (Human Resources)
  3. Quality, Process Improvement & Change Management
  4. Financial Analysis, Reporting, & Capital Management
  5. Management Responsibility
  6. Customer Acquisition (Sales)
  7. Product Development
  8. Product and Service Delivery
  9. Accounting Management
  10. Technology Management (Computer & IT)

Examples of Business Processes

As an organization grows even bigger it will add more sub-processes or perhaps additional core process like supplier management, strategy, or legal & compliance. There are hundreds of sub-processes that are created and when you get to that point then you are ready for a set of policy and procedure manuals.

Business Procedures Manual Templates

Download Free Policies and Procedures to see hundreds of example business processes and how easy it is to edit MS Word Templates to build your own policy and procedure management system.

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5 Comments

  1. Racheal idika kalu says:
    May 11, 2019 at 7:06 am

    Please i needed to know the current business process we have ,and the additional process we require,this piece is intresting kudos

    Reply
  2. Mirketa says:
    November 6, 2019 at 4:48 am

    Nice blog, thanks for sharing

    Reply
  3. Process specialist says:
    April 30, 2020 at 8:23 am

    Nice blog, at GoodFlow most of the process you mentioned can be manged and tracked properly.

    Reply
  4. Processus Achats says:
    February 1, 2021 at 4:53 am

    Nice post @bizmanualz, at Loqualist we digitalize Quality & Process management, and help SMB to optimize their core business by automatizing their purchasing process & spend management !

    Reply
  5. David says:
    February 21, 2021 at 3:47 am

    Thanks for the article. Business process is extremely important for any small business. If you cannot work out your business process it is going to be hard to scale your business through your team. Having a business process manual is going to help you dramatically create appropriate business process.

    Reply

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