The document discusses Business Process Reengineering (BPR). It defines BPR as the fundamental rethinking and radical redesign of business processes to achieve improvements in areas like cost, quality and speed. BPR focuses on transforming organizations by redesigning processes, structure and culture. It emphasizes building processes around customer requirements and cross-functional teams. The document outlines the objectives, principles, applications and implementation methods of BPR including selecting processes, simplifying steps, assigning roles and automating using information technology.