Question

Creating new business processes and managing changes to existing processes is known as​ ________.

Answer 1

The process is known as Business process management (BPM)
If Business process management (BPM) done effectively, it alllow business owners to accelerate the growth of their companies.
But, in order to do this, they usually had to re-invest the majority of profit that they had into the new business early on so they couldn't really use it for their personal wealth.