wiki says:
A business model describes the rationale of how an organization creates, delivers, and captures value[1] - economic, social, or other forms of value. The process of business model design is part of business strategy.
In theory and practice the term business model is used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies
i say:
Marine SDI promote data sharing using data custodian + policies and standard is biz model for NODC.
the workflow on how data obtained, processed n all pathwayc(data retrieval from db using annotation & ontology & SBML) is d biz model. is it true?
further searching :
Business process modeling (BPM) in systems engineering and software engineering is the activity of representing processes of an enterprise, so that the current process may be analyzed and improved. BPM is typically performed by business analysts and managers who are seeking to improve process efficiency and quality. The process improvements identified by BPM may or may not requireInformation Technology involvement, although that is a common driver for the need to model a business process, by creating a process master.
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