Business Process Re- Engineering-a Study Onthe Manufacturing, Commercial and Service Organization-- With the Special Reference to the Public Sector Banks

Introduction of New Industrial Policy, and the implementation of Liberalisation, Privatization and Globalisation(LPG) as a part of industrial sector, financial sector and banking sector reforms in 1991 is a revolutionary and daring step taken by the then Indian Government to come out of severe financial crisis.“Liberalization” process created opportunities to become as entrepreneurs to the many educated youth creating job opportunities, improving country GDP, and increasing Purchasing power created more demand for the goods and services. “Privatization” process has sharpened the skills, quality and more productivity by adopting technology, Implementation of innovative thinking, creativity through the redesigning, rethinking with the support of electronification, I.T. computerization, automation process. Government of Indiabytaking back its stake throughtheDisinvestment process given oxygentotheIndian industrial sector privatizingpublicsector organizations. Here at this stage, giving up the conventional traditional tradeand manufacturing practice, innovativemethods, redesigning process withmuchcreativity, habituated, acquainted withthesupport of Information technology. It is the beginning of” Business Process Re-engineering” (BPR). It is a Redesigningprocess, rethinking process. It isrevolutionary change, remarkable changethinking innovatively adoptingthetechnology. F.WTaylor’s “ScientificManagement” given a starting idea for theBusiness Process Re-engineering. Whytothink always in a traditional manner, whynot to think in a better way, what todoinabetter way? how to do and innovatively?solution to these questions is a PathwayAND IT IS A ROADMAPtowardsBUSINESS PROCESS REENGINEERING(BPR). With this ideology, manydepartments, many fields, many sectorschanged their traditional and conventional attitudes, adopting Renovation procedures, redesigning, rethinking, speed and accuracywith the I.T. software, hardware technologyin their manufacturing, operational activities, management, administrative and serviceportfolios. This paper mainly focusses onthegenerating of an idea of “Business processRe-engineering” concept among the readersand viewers. Evolution, Objectives, Principles, various steps and phases ASET Journal of Management Science (E- ISSN: 2584-220X) Copyright© 2025: Author(s) published by ASET College https://doi.org/10.47059/AJMS/V4I5/0662 involved in the, technological process discussed in this paper. The various sectors and fields, departments adopted BPR system illustrated for a clear understanding. The literature, concepts and research experiences of various authors mentioned in this paper for the better understanding of theoretical concept. Taking the examples from Manufacturing, industrial service organisations like Banking, Insurance, education, communication and transport and Indian Space, Atomic energy, Research labs, prepared this draft.