A pictorial view of a business process at a high level. Should clearly identify the parties involved and how events flow. Ideal end goal: A user can look at the business model and supporting documentation and know what they need to do to implement the chosen business process.
model of the business in terms of the terminology of the domain experts and users without regard to any specific system or software application. The main objectives of a business model are to formally represent the business in terms of the essential business objects and how they collaborate to perform the major business processes. The business model forms the basis for understanding and engineering (or reengineering) the business and its processes. The business model typically consists of a business-level use case model and associated object model.
an aggressive commitment to automation
A collection of models representing a definition of a business. Components include models of objectives, functions, and information. See also entity relationship diagram and function hierarchy.
A model of a business organization or process.
The manner in which the company will generate revenues and profits by utilizing capital. An attractive business model will allow for high profits and cash flow with minimal capital investment over time, as exemplified by Microsoft. In Internet companies, business model can also refer to value creation or growth; for example, how to get subscribers.
Term used to describe what type of Licensing arrangement the potential Licensee wishes to adopt for their Territory. Following are three examples:• Licensing Model – The Master Licensee (ML) sells Manufacturing Kitchen Licenses and Regional Master Licenses within their Territory. The Licensees manufacture and distribute the product while the ML oversees the administration and support.• Centralised Manufacturing – Larger semi-automated manufacturing systems for ML to produce for their entire Territory. • Combination of both – Adoption of both the centralized and Licensing strategy.
An object-oriented model that captures the kinds of things in a business or a business area and the relationships associated with those things (and sometimes associated business rules, too). Note that a business model exists independently of any data or database. A data warehouse should be designed to match the underlying business models or else no tools will fully unlock the data in the warehouse
The business model is the architecture of the business, it defines how you apply your resources to produce the results you seek.
The term business model describes a broad range of informal and formal models that are used by enterprises to represent various aspects of business, such as operational processes, organizational structures, and financial forecasts. Although the term can be traced to the 1950s, it achieved mainstream usage only in the 1990s.