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Does reengineering provide lasting value to a business?

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Is reengineering just another management fad or does it offer something of lasting value? Describe specific situations in which you would or would not recommend reengineering as a potential strategy. Be sure to support your answer.
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https://brainmass.com/business/business-management/does-reengineering-provide-lasting-value-to-a-business-107549
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The article referenced discusses your idea of a fad, and in fact mentions that once the concept fell into disuse, it was apparently replaced by the next new methodology called enterprise resource planning (ERP). The article is somewhat cynical by suggesting that reengineering may have first been a fancy name for downsizing.
http://searchcio.techtarget.com/sDefinition/0,290660,sid19_gci536451,00.html

Still the process has and had merit in that it forces an organization to examine processes from a different …

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