Final answer:
Process reengineering is a business initiative that allows companies to make improvements without making large changes. It involves redesigning business rules to improve efficiency and effectiveness.
Step-by-step explanation:
Process reengineering is an initiative that companies practice to avoid large changes by redesigning business rules with the aim of improving efficiency and effectiveness. It may involve restructuring departments, outsourcing tasks, offshoring operations, or implementing new technologies. By reengineering their processes, companies can streamline their operations and adapt to changing market conditions.