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Under the business entity concept, a business holds separate entity and distinct from its owners. "The entity view holds the business 'enterprise to be an institution in its own right separate and distinct from the parties who furnish the funds" [1] An example is a sole trader or proprietorship. The sole trader takes money from the business by ...
Fig 1. GERAM Framework: This set of components is identified in the first image and briefly described in the following. Starting from defined concepts to be used in enterprise integration (GERA), GERAM distinguishes between the methodologies for enterprise integration (GEEM) and the languages used to describe structure, contents and behaviour of the enterprise (GEML).
Business process mapping refers to activities involved in defining what a business entity does, who is responsible, to what standard a business process should be completed, and how the success of a business process can be determined. The main purpose behind business process mapping is to assist organizations in becoming more effective.
A case is similar to the business entity concept in many respects. Wang and Kumar [7] proposed the document-driven workflow systems which is designed based on data dependencies without the need for explicit control flows. Muller et al. [8] also introduced the framework for the data-driven modelling of large process structures, namely COREPRO ...
In business process modelling the enterprise process model is often referred to as the business process model. Process models are core concepts in the discipline of process engineering. Process models are: Processes of the same nature that are classified together into a model. A description of a process at the type level.
Business model innovation is an iterative and potentially circular process. [1] A business model describes how a business organization creates, delivers, and captures value, [2] in economic, social, cultural or other contexts.
The business model canvas is a strategic management template 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.
Enterprise modelling is the process of building models of whole or part of an enterprise with process models, data models, resource models and/or new ontologies etc. It is based on knowledge about the enterprise, previous models and/or reference models as well as domain ontologies using model representation languages. [3]
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