Business Rule

A business rule is a statement that defines or constrains some aspect of a business. It is a set of conditions or guidelines that dictate how a business should operate and make decisions. Business rules help to ensure that a business is run consistently and effectively, and that everyone involved in the business is aware of what is expected of them.

Business rules can cover a wide range of topics, including:

  • Financial transactions: rules for managing and recording financial transactions, such as how to process invoices or how to handle expense reports.
  • Operations: rules for running the day-to-day operations of a business, such as how to manage inventory or how to handle customer complaints.
  • Compliance: rules for ensuring that a business complies with regulations and laws, such as data privacy regulations or employment laws.
  • Ethics: rules for promoting ethical behavior and decision-making, such as codes of conduct or policies on conflicts of interest.

Business Moment

A business moment refers to a specific event or occurrence that has significant implications for the ecosystem as a whole. It is a critical moment in the life cycle of a business or businesses within the ecosystem, and it may be triggered by a range of internal or external factors such as changes in technology, shifts in consumer behavior, or new regulations.

For example, a business moment within a tech ecosystem might be the launch of a new product or service that disrupts the existing market and changes the competitive landscape. In a healthcare ecosystem, a business moment might be the approval of a new drug or medical device that has a significant impact on patient outcomes or the industry as a whole.

Business Knowledge Model:DMN

Business Knowledge Model (BKM) is a structured representation of the knowledge and business rules that are used to inform decisions. It is a part of the Business Process Model and Notation (BPMN) and is used to define the business concepts, rules, and constraints that are relevant to the decision-making process.

A BKM is typically used to describe the business logic and rules that govern a particular decision or process. It is a way to capture and organize the knowledge and expertise of a business domain expert and make it accessible to others involved in the decision-making process.

BKMs are designed to be modular and reusable, allowing them to be easily integrated into other business processes and decision-making models. They can be used in conjunction with decision tables, decision trees, and other decision-making elements to provide the information and rules necessary to make informed decisions.

Business Interaction

Business interaction refers to the relationships and interactions between different entities or stakeholders within a larger ecosystem. A business ecosystem is a complex network of organizations, individuals, and other entities that interact with each other in order to create, distribute, and consume products and services.

lines may be used to show the relationships and interactions between these components. For example, a line might connect a customer with a supplier to represent the flow of goods or services between the two entities. Similarly, a line might connect a partner with a competitor to represent a strategic alliance or collaboration between the two parties.