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What does re-engineer mean?

Looking for the meaning or definition of the word re-engineer? Here's what it means.

Verb
  1. To modify the design of an existing system, organization, process or product in order to make it more effective, efficient or responsive.
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Examples
The management of EuroPharm UK decided to re-engineer the business rather than seek short-term gains by downsizing.
Well, we're going to try and completely reorganise and re-engineer the process.
Our objective was to re-engineer close to 20 years of development over the next two years.
Mr. Brokaw and Mr. Gralnick decided they needed to re-engineer the program.
But, because most fishing has been dominated by families for generations, some say it is hard to re-engineer the whole industry.
It's also a disruptive technology where you have to re-engineer your environment.

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