Business Modeling

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

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[ works/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.

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 * 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).

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.

List of spreadsheet software - Multi-Dimensional spreadsheets 1 *Quantrix Modeler [ Quantrix | Business Modeling Analytics Software | Financial Modeling | Data Modeling]

Pricing science - History 1 'Revenue Management: Microeconomics and Business Modeling', Business Economics,

Business-agile enterprise - Business-Agile Proficiencies 1 # Business process understanding (component business modeling)

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