Laws governing eco-system as a whole (e.g., to disallow financial market meltdown in the wake of blind rule based automated short selling in e.g., financial markets)
The ecosystem includes policies, rules and laws governing Business providers and Business Consumers, and Business Brokers.
environment, market, legislation and ecosystem within which the business is
operating and evolving, forcing to change and vary based on forces within the
Business Context. The Business Context is a
There are many changes that are constantly occurring within the business context. Only some are business significant or should be “bubbled up” or surfaced at an executive and business level, especially when Business Sensors detect a certain threshold above which apparently ordinary events become important enough and achieve a tipping point beyond which the business sensors should indicate that a potentially impactful variation has occurred.
Business Entities model and reflect the key business domain elements of the Business Eco-system that under Business State changes.
Many EA (Enterprise Architecture) practitioners are …exploring the links between desired business outcomes and architectural decisions.
A tipping point is reached when IT begins to understand that business executives are not primarily looking for products and services but rather looking for business outcomes including increased output, higher quality, lower costs, increased revenue and increased market share.
Typically, the board and top executives of a company state the vision and strategy for the company. It is critical for implementation of business performance solution in the company that the senior business leadership translates and decomposes the high level vision and strategy statements of the executive leadership to operational and actionable goals associating KPIs to the actionable sub-goals on the way.
To achieve such end-to-end monitoring, metrics and sensors must be injected in both planning processes and delivery processes .
Essential to this process is the Business Sensors that detect Business significant Events and pass them on to the Business Policies and Rules that would respond to them.
From a planning perspective, enterprise governance needs to ensure that the right changes are initiated for the right reasons at the right time. The underlying premise driving towards business agility is that such agility delivers superior business value. But what if haste to achieve agility results in low quality? Or what if speed of change is unsustainable from a business operational perspective, thereby leading to deteriorating efficiency? These are just two examples of the fundamental challenge that doing the wrong things in the wrong way very fast simply means ruining your own business very fast. There are two fundamental premises for agile change to be valuable over time:
- Choosing the right changes; delivering better business outcomes with the least amount of resources and disruption.
- Maintaining business performance and integrity while executing change.
For agile change to be sustainable the enterprise needs to carefully plan and maintain an appropriate balance between effectiveness and efficiency. Change in the large is based on continuous business re-engineering towards strategic objectives (effectiveness). Yet while on that strategic journey an enterprise needs to apply change in the small to continuously adjust and optimize the current state and ultimately maintain business integrity and performance (efficiency).
There are two levels of monitoring – there is the monitoring of the acting on plans and there is the monitoring of operations.
From a delivery perspective, the set of solutions designed and implemented to achieve the business goals should be designed for monitoring. Monitoring of business results is a key to business performance. Monitoring of business results enables sensing of business significant events. Ability to act upon to respond to the business significant events resulting from the business activity monitors is essential to improve the business performance in order to meet the business goals.