10/09/2011

Business Modeling: A Practical Guide to Realizing Business Value (The MK/OMG Press) Review

Business Modeling: A Practical Guide to Realizing Business Value (The MK/OMG Press)
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I enjoyed reading this book. The tone was light and the same detailed real-world style examples continued throughout the book. The four types of business models covered were explained simply and clearly. Using the example diagrams, I have begun to create my own business models. Having done business and technical modeling on and off since 1991, this book was a great introduction to some new types of models, the emerging standards, and some excellent tips on techniques for activities that take place around the models such as workshops and simulation. I appreciated the non-technical way that the models were presented, such that both a business-person and a hard-core techie could both get value from the same model. The authors' website promises to provide more details, including updates on tools, and they have been kind in helping me to identify some available tools that might fit my needs.
I am certainly in a better position to incorporate business models into my new and existing business ventures from studying this book.

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As business modeling becomes mainstream, every year more and more companies and government agencies are creating models of their businesses. But creating good business models is not a simple endeavor. Business modeling requires new skills. Written by two business modeling experts, this book shows you how to make your business modeling efforts successful. It provides in-depth coverage of each of the four distinct business modeling disciplines, helping you master them all and understand how to effectively combine them. It also details best practices for working with subject matter experts. And it shows how to develop models, and then analyze, simulate, and deploy them. This is essential, authoritative information that will put you miles ahead of everyone who continues to approach business modeling haphazardly. * Provides in-depth coverage of the four business modeling disciplines:process modeling, motivation modeling, organization modeling, and rules modeling.* Offers guidance on how to work effectively with subject matter experts and how to run business modeling workshops.* Details today's best practices for building effective business models, and describes common mistakes that should be avoided.* Describes standards for each business modeling discipline.* Explains how to analyze, simulate, and deploy business models.* Includes examples both from the authors' work with clients and from a single running example that spans the book.

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