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BPDM provides abstract concepts as the basis for consistent interpretation of specialized concepts used by business process modelers. For example, the ordering of many of the graphical elements in a BPMN (Business Process Model and Notation) diagram is depicted by arrows between those elements, but the specific elements can have a variety of ...
The business model canvas is a strategic management template that is used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
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A. Afuah and C. Tucci, Internet Business Models and Strategies, Boston, McGraw Hill, 2003. T. Burkhart, J. Krumeich, D. Werth, and P. Loos, Analyzing the Business Model Concept — A Comprehensive Classification of Literature, Proceedings of the International Conference on Information Systems (ICIS 2011). Paper 12.
Example of the US FEA Business Reference Model. [29] Business reference modelling is the development of reference models concentrating on the functional and organizational aspects of the core business of an enterprise, service organization or government agency. In enterprise engineering a business reference model is part of an enterprise ...
The vision of BPMN 2.0.2 is to have one single specification for a new Business Process Model and Notation that defines the notation, metamodel and interchange format but with a modified name that still preserves the "BPMN" brand. The features include: Formalizes the execution semantics for all BPMN elements.
In strategic planning and strategic management, SWOT analysis (also known as the SWOT matrix, TOWS, WOTS, WOTS-UP, and situational analysis) [1] is a decision-making technique that identifies the strengths, weaknesses, opportunities, and threats of an organization or project.
Porter's four corners model is a predictive tool designed by Michael Porter that helps in determining a competitor's course of action. Unlike other predictive models which predominantly rely on a firm's current strategy and capabilities to determine future strategy, Porter's model additionally calls for an understanding of what motivates the competitor.