Which approach to improving business processes is best suited for addressing struggles within a finance team?

The approach of redefining boundaries is particularly effective for addressing struggles within a finance team because it focuses on clarifying roles, responsibilities, and the flow of information across different functions. In many cases, finance teams encounter difficulties due to overlapping responsibilities or lack of communication with other departments. By redefining boundaries, businesses can ensure that each team member understands their specific role in the process and how they interact with others. This alleviates confusion and minimizes bottlenecks that stem from unclear delineations of tasks.

Additionally, redefining boundaries can lead to a more streamlined workflow, as it encourages teams to consider how work is passed between departments. Establishing clear protocols and expectations helps facilitate smoother operations and can improve collaboration. This holistic perspective is crucial for finance teams, which often depend on data from various sources and need to report accurately and timely.

In contrast, adaptation focuses on making adjustments based on current practices, which may not fully address deeper systemic issues within the team. Changing the step sequence could lead to inefficiencies if the fundamental issues related to roles and responsibilities are not addressed first. Automation can also be beneficial, but without first understanding the process and redefining it appropriately, automating a flawed process could create more significant problems. Therefore, redefining boundaries is