"Innovative e-business projects start with a design of the e-business model. We often encounter the view, in research as well as industry practice, that an e-business model is similar to a business process model, and so can be specified using UML activity diagrams or Petri nets. In this paper, we explain why this is a misunderstanding. The root cause is that a business model is not about process but about value exchanged between actors. Failure to make this separation of concerns leads to poor business decision-making and inadequate business requirements."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Revision History
No revisions have been submitted for this quote.
Categories
Business model
7 quotes on TrueQuotesView all quotes by Business model →
Related Quotes
"The business model is an abstract representation of an organization, be it conceptual, textual, and/or graphical, of …"
"A startup is a temporary organization in search of a scalable, repeatable, profitable business model."
"All too often, a successful new business model becomes the business model for companies not creative enough to invent…"
"Business models and value propositions expire like a yogurt in the fridge."
"The business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal …"
"A frustration I have is that a lot of people increasingly seem to equate an advertising business model with somehow b…"
"There is no short game for a venture capitalist"
"Building products has become easier and cheaper, but building brands is harder than ever"
"The first phase of ROI is understanding if your unit metrics justify growth. Without that, there is no longer game"
"If you're building a platform like Zepto or Blinkit, you’re in the Formula One lane. You need capital at scale, netwo…"