business modeling

• Business Modeling

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Business model Design content emphasis of business model design

1 Business model design is distinct from business modeling. The former refers to defining the business logic of a company at the strategic level, whereas the latter refers to business

process design at the operational level.


Business model Business model frameworks

1 Technology centric communities have defined "frameworks" for business modeling. These

frameworks attempt to define a rigorous approach to defining business value streams. It is not clear, however, to what extent such

frameworks are actually important for business planning. A state of the art review

on business model frameworks can be found in Krumeich et al. (2012). In the following

some frameworks are introduced.


Business model Related concepts

1 It is important to understand that business modeling commonly refers

to business process design at the operational level, whereas business models and business model design

refer to defining the business logic of a company at the strategic level.


Business process management BPM technology

1 Some define the BPM System or Suite (BPMS) as "the whole of BPM." Others relate the important concept

of information moving between enterprise software packages and

immediately think of Service Oriented Architecture (SOA). Still

others limit the definition to "modeling" (see Business modeling).


Object Management Group - History

1 In June 2005, the Business Process Management Initiative (BPMI.org)

and OMG announced the merger of their respective Business Process

Management (BPM) activities to form the Business Modeling and

Integration Domain Task Force (BMI DTF).


Object Management Group - Domain models

1 Business models : OMG manages a number of standards for business

modeling, including BPMN, the Business Motivation Model (BMM)

and the Semantics of Business Vocabulary and Business Rules

(SBVR) specification.


IBM Rational Unified Process - History

1 In 1998, they added two new disciplines: business modeling, much

of which had already been in the Objectory Process and a

Configuration and Change Management discipline.


Enterprise engineering - Unified Modeling Language (UML)

1 Extended Enterprise Modeling Language (EEML) is derived from

UML and is proposed as a business modeling language


Unified Modeling Language - Overview

1 Unified Modeling Language (UML) combines techniques from data

modeling (entity relationship diagrams), business modeling (work

flows), object modeling, and component modeling. It can be used

with all processes, throughout the software development life cycle, and

across different implementation technologies.


Unified Modeling Language - Further reading

1 Penker, Magnus; Hans-Erik Eriksson (2000). Business Modeling with UML.

John Wiley & Sons. ISBN 0-471-29551-5.


Incremental build model - Tasks involved

1 Modeling: involves business modeling, data modeling, and process

modeling.


Semantics of Business Vocabulary and Business Rules - History

1 In September 2005, The Business Modeling and Integration Task Force

and the Architecture Board of the Object Management Group approved the proposal Semantics of Business

Vocabulary and Business Rules (SBVR) to become a final adopted

specification in response to the RFP


Semantics of Business Vocabulary and Business Rules - SBVR and other OMG standards

1 Other programs outside the OMG are adopting SBVR. The Digital Business

Ecosystem (DBE), an integrated project of the European Commission Framework Programme

6, has adopted SBVR as the basis for its Business Modeling Language. The World Wide Web Consortium (W3C) is assessing SBVR for use in the Semantic Web, through the bridge

provided by ODM. SBVR will extend the capability of MDA in all these areas.


Unified Process - Refinements and Variations

1 The Rational Unified Process defines nine disciplines: Business Modeling, Requirements, Analysis and Design, Implementation, Test, Deployment,

Configuration and Change Management, Project Management,

and Environment.


Interaction design - History

1 The term interaction design was first coined by Bill

Moggridge[http://www.ibm.com/developerworks/library/ws-soa-

busmodeling/index.html Integrate business modeling and interaction

design] and Bill Verplank in the mid-1980s


Business Process Modeling - Modeling and simulation

1 * Extended Business Modeling Language

(xBML)


Business performance management - Definition and scope

1 Business performance management consists of a set of management and analytic processes,

supported by technology, that enable businesses to define strategic goals and then measure and manage performance against those goals. Core business performance management processes include Financial planning (business)|financial

planning, operational planning, business modeling, consolidation and reporting, analysis, and monitoring of key performance indicators

linked to strategy.


Enterprise Architect (software) - Business modeling and analysis

1 Enterprise Architect supports a number of methods of modeling

business processes using UML as the foundation modeling language. The

core languages for business modeling and analysis include BPMN

and BPEL, with various historic profiles such as the Eriksson-Penker

profile. https://store.theartofservice.com/the-business-modeling-toolkit.html

Enterprise Architect (software) - Business modeling and analysis

1 Enterprise Architect also supports the definition of Business Rules with the ability to generate executable code from these rules. Business modeling can be combined with GAP analysis to view potential gaps in proposed

solutions.


BPMN - BPMN 2.0

1 * Serialize BPMN and provide XML schemes for model transformation

and to extend BPMN towards business modeling and executive

decision support.


Human interaction management - BPM technology

1 Some define the BPM System or Suite (BPMS) as the whole of BPM.

Others relate the important concept of information moving between

enterprise software packages and immediately think of Service-oriented architecture|Service

Oriented Architecture (SOA). Still others limit the definition to

modeling (see Business modeling).https://store.theartofservice.com/the-business-modeling-toolkit.html

Process modeling - Quality of methods

1 To asses the quality of Q-ME framework; it is used to illustrate the

quality of the dynamic essentials modeling of the organisation (DEMO)

business modeling techniques.


Process modeling - Quality of methods

1 It is stated that the evaluation of the Q-ME framework to the DEMO

modeling techniques has revealed the shortcomings of Q-ME. One

particular is that it does not include quantifiable metric to express the

quality of business modeling technique which makes it hard to

compare quality of different techniques in an overall rating.


Rational Unified Process - History

1 # business modeling, much of which had already been in the Objectory Process


Business models - Design content emphasis of business model design

1 Business model design is distinct from Business process modeling|

business modeling. The former refers to defining the business logic of a company at the strategic level,

whereas the latter refers to business process design at the operational

level.


Business models - Business model frameworks

1 Technology centric communities have

defined frameworks for business modeling


Business models - Related concepts

1 It is important to understand that business modeling commonly refers

to Business process|business process design at the operational level, whereas business models and business model design refer to defining the business logic of a company at the strategic level.


Lorenz curve

1 The concept is useful in describing inequality among the size of

individuals in ecology, and in studies of biodiversity, where cumulative proportion of species is plotted

against cumulative proportion of individuals. It is also useful in

business modeling: e.g., in consumer finance, to measure the actual

delinquency Y% of the X% of people with worst predicted risk scores.https://store.theartofservice.com/the-business-modeling-toolkit.html

List of spreadsheet software - Multi-Dimensional spreadsheets

1 *Quantrix Modeler [http://www.quantrix.com/ Quantrix |

Business Modeling Analytics Software | Financial Modeling | Data

Modeling]


Pricing science - History

1 'Revenue Management: Microeconomics and Business Modeling', Business Economics , 39-

45


Business-agile enterprise - Business-Agile Proficiencies

1 # Business process understanding (component

business modeling)


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