Tag: Model

Business Model Definition #register #business

#business models

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Business Model

What is a ‘Business Model’

A business model is the way in which a company generates revenue and makes a profit from company operations. Analysts use the metric gross profit as a way to compare the efficiency and effectiveness of a firm’s business model. Gross profit is calculated by subtracting the cost of goods sold from revenues .

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BREAKING DOWN ‘Business Model’

During the dotcom boom analysts went in search of net income. The internet is a disruptive technology with the ability to revolutionize certain industries, but where was the cash flow? When analysts couldn’t find the cash flow, they settled for the business model to legitimize the industry. Instead of looking at net income, calculated as gross profit minus operating expenses, analysts concentrated on gross profit. If the gross profit was high enough, analysts theorized, the cash flow would come.

Business Model Components

The two primary levers of a company’s business model are pricing and costs. A company can raise prices and it can find inventory at reduced costs. Both actions increase gross profit. Gross profit is often considered the first line of profitability because it only considers costs, not expenses. It focuses strictly on the way in which a company does business, not the efficiency of management. Investors that focus on business models are leaving room for an ineffective management team. They believe the best business models can run themselves.

Comparing Business Models

As an example, assume there are two companies and both companies rent movies. Prior to the internet, both companies made $5 million in revenues and the total cost of inventory sold was $4 million. Gross profit is calculated as $5 million minus $4 million, or $1 million. Gross profit margin is calculated as gross profit divided by revenues, or 20%.

After the advent of the internet, company B decides to offer movies online instead of renting or selling a physical copy. This change disrupts the business model in a positive way. The licensing fees do not change, but the cost of holding inventory is down considerably. In fact, the change reduces storage and distribution costs by $2 million. The new gross profit for the company is $5 million minus $2 million, or $3 million. The new gross profit margin is 60%, which is much higher than 20%.

Company B isn’t making more in sales, but it figured out a way to revolutionize its business model, which greatly reduces costs. Managers at company B have an additional 40% more in margin to play with than managers at company A. Managers at company A have little room for error.





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BPMN Specification – Business Process Model and Notation #selling #a #business

#business process

#

Object Management Group
Business Process Model and Notation

Charter

A standard Business Process Model and Notation (BPMN) will provide businesses with the capability of understanding their internal business procedures in a graphical notation and will give organizations the ability to communicate these procedures in a standard manner. Furthermore, the graphical notation will facilitate the understanding of the performance collaborations and business transactions between the organizations. This will ensure that businesses will understand themselves and participants in their business and will enable organizations to adjust to new internal and B2B business circumstances quickly.

Current BPMN Specification

BPM Certification

The OCEB program consists of five examinations, granting five Certifications. Above the single Fundamental level, the program splits into two tracks – one Business-oriented. the other Technically oriented.

Credentials are important in the BPM world, where practitioners may work on many projects for different clients or employers over time. The twenty-five experts from top BPM companies and well-known independent consultants who designed the OCEB topical coverage and wrote the exam questions want peers and prospective employers to feel confident about a certified candidate’s ability to participate in or lead real-world initiatives in enterprise BPM. Your status as an OCEB Certified Professional shows current and future employers or clients that you have the required knowledge and skills, making you a more attractive candidate for hiring and promotion.

Frequently Asked Questions (FAQ)

The Business Process Modeling Notation (BPMN) is a graphical notation that depicts the steps in a business process. BPMN depicts the end to end flow of a business process. The notation has been specifically designed to coordinate the sequence of processes and the messages that flow between different process participants in a related set of activities.

Why is BPMN important?

The world of business processes has changed dramatically over the past few years. Processes can be coordinated from behind, within and over organizations natural boundaries. A business process now spans multiple participants and coordination can be complex. Until BPMN, there has not been a standard modelling technique developed that addresses these issues. BPMN has been developed to provide users with a royalty free notation. This will benefit users in a similar manner in which UML standardised the world of software engineering. There will be training courses, books and a body of knowledge that users can access in order to better implement a business process.

Who is BPMN targeted at?

BPMN is targeted at a high level for business users and at a lower level for process implementers. The business users should be able to easily read and understand a BPMN business process diagram. The process implementer should be able to adorn a business process diagram with further detail in order to represent the process in a physical implementation. BPMN is targeted at users, vendors and service providers that need to communicate business processes in a standard manner.

What does this mean for UML users?

The unified modelling language (UML) takes an object-oriented approach to the modeling of applications, while BPMN takes a process-oriented approach to modelling of systems. Where BPMN has a focus on business processes, the UML has a focus on software design and therefore the two are not competing notations but are different views on systems. The BPMN and the UML are compatible with each other. A business process model does not necessarily have to be implemented as an automated business process in a process execution language. Where this is the case, business processes and participants can be mapped to constructs such as use cases and behavioural models in the UML. Further white papers will follow on the mapping between these techniques.

Will there be a major rewrite?

Not for 2 or 3 years.

What is the relationship between BPMN and BPEL?

BPEL is an XML-based language for describing a business process in which most of the tasks represent interactions between the process and external Web services. The BPEL process itself is represented as a Web service, and is realized by a BPEL engine which executes the process description. BPMN is a standard set of diagramming conventions for describing business processes. It is designed to visualize a rich set of process flow semantics within a process and the communication between independent processes. It is intended to support capture of sufficient detail to allow it to be the source of an executable process description. Since BPEL is currently considered the most important standard for execution languages, a translation to BPEL is specified in the BPMN standard. By design there are some limitations on the process topologies that can be described in BPEL, so it is possible to represent processes in BPMN that cannot be mapped to BPEL. There are a few concepts, such as Ad-Hoc sub-proceses, that BPMN can represent that may not be implemented with any technology.

Click here to get your own BPMN Quick Guide.





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Business Plan Model – Business Plan Samples #business #promotional #products

#business plan model

#

By admin on May 19, 2016 Business Plan Outline

Business Plan Model. Get inspired with this gallery well over 500 example strategic business plans. Pick the category that s nearest for your own small business or industry, and examine an agenda you want. LivePlan includes all 500 sample plans, so that you can easily reference them when you are writing your personal plan.

Business Plan Model. A strategic business plan describes what your organization does. This written document states your company’s operational and financial targets for future years and just how it provides meet them. A company model describes where and how you decide to operate your organization. The model you select is detailed inside your strategic business plan.

Gallery of: Business Plan Model

Related Business Plan Model

Preschool Business Plan Nobody has access to a new crystal ball that can offer accurate predictions about how the restaurant.

Free Business Plan Outline Also format your plan for marketing straight to your customers or end users. These kinds of.

Event Planning Business Plan Sample. Every experienced investor knows that detailed economical projections for a new corporation are an act.

Business Plan Pdf, There has been a time when company plans were anything from 75 to 100 webpages in length.





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Canada’s Business Model Competition #financial #news #today

#canadian business

#

Dalhousie University’s Norman Newman Centre for Entrepreneurship is home for two real movers and shakers: Dr. Ed Leach, the Director, and Dr. Mary Kilfoil, the Academic Lead. Ed and Mary have created a collaborative space for students from all faculties to grow as entrepreneurs and innovators. With their Launch Dal programming, Ed and Mary have [ ]

Callum Mayer grew up in the Maritimes and studied at Dalhousie University where he completed his Bachelor of Commerce with a major in Finance. Callum wanted to become an entrepreneur from an early age, especially when he saw the success of local entrepreneurial ventures, such as Pete’s Fr00tique. For his third co-op, Callum undertook an [ ]

Megan McCarthy is originally from Calgary, Alberta. She did three years of an engineering degree and a stint in the oil and gas industry before relocating to Halifax, NS. Megan completed a Bachelor of Management, Environment, Sustainability, and Society at Dalhousie University where she met Ed while taking one of his classes. Ed encouraged her [ ]

The Starting Lean Initiative in collaboration with Deloitte, McInnes Cooper, Dalhousie University and the Rowe School of Business is excited to announce they will be hosting Canada’s Business Model Competition (CBMC) again! The event will take place at Dalhousie University in Halifax, Nova Scotia from March 13-14. Student entrepreneurs from across Canada are invited to [ ]

Of course you can teach entrepreneurship, but the real question[ ] is who can you teach it to? I believe that you can only teach it to the segment of the population who raise their hand and desperately want to learn it Steve Blank On Friday, March 14th over 100 entrepreneurs, students, academics, government employees [ ]

Media Release March 16, 2014 Student Entrepreneurs Compete for Seat at Brigham Young A team of student entrepreneurs from Wilfrid Laurier University has won first prize at the second annual Canada’s Business Model Competition held March 14-15 at Dalhousie University’s Rowe School of Business. Canada’s Business Model Competition is the national qualifier competition [ ]

Dr. Ted Zoller Director of the Centre for Entrepreneurial Studies and Associate Professor of Strategy and Entrepreneurship University of North Carolina Chapel Hill A senior fellow for the Ewing Marion Kauffman Foundation, Ted Zoller performs research and advises Foundation leaders on entrepreneurship strategies and programs. Zoller was director of the Center for Entrepreneurial Studies at the Kenan-Flagler [ ]

Please Join us on March 14 – 15, 2014 at the Dalhousie Faculty of Management for the second annual Canada’s Business Model Competition®. Canada’s Business Model Competition® is the national qualifier competition for the International Business Model Competition and is organized by the Starting Lean Initiative, a project of the Norman Newman Centre for Entrepreneurship. [ ]

As part of this year s Canada s Business Model Competition, the Starting Lean Initiative and Dalhousie University are excited to announce that we will be hosting a fireside chat with Steve Blank. This will be held in the Potter Auditorium at the Kenneth Rowe School of Business at 4 pm on Friday, March 14th. Steve Blank is a [ ]

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BPMN Specification – Business Process Model and Notation #business #ideas #for #kids

#business process

#

Object Management Group
Business Process Model and Notation

Charter

A standard Business Process Model and Notation (BPMN) will provide businesses with the capability of understanding their internal business procedures in a graphical notation and will give organizations the ability to communicate these procedures in a standard manner. Furthermore, the graphical notation will facilitate the understanding of the performance collaborations and business transactions between the organizations. This will ensure that businesses will understand themselves and participants in their business and will enable organizations to adjust to new internal and B2B business circumstances quickly.

Current BPMN Specification

BPM Certification

The OCEB program consists of five examinations, granting five Certifications. Above the single Fundamental level, the program splits into two tracks – one Business-oriented. the other Technically oriented.

Credentials are important in the BPM world, where practitioners may work on many projects for different clients or employers over time. The twenty-five experts from top BPM companies and well-known independent consultants who designed the OCEB topical coverage and wrote the exam questions want peers and prospective employers to feel confident about a certified candidate’s ability to participate in or lead real-world initiatives in enterprise BPM. Your status as an OCEB Certified Professional shows current and future employers or clients that you have the required knowledge and skills, making you a more attractive candidate for hiring and promotion.

Frequently Asked Questions (FAQ)

The Business Process Modeling Notation (BPMN) is a graphical notation that depicts the steps in a business process. BPMN depicts the end to end flow of a business process. The notation has been specifically designed to coordinate the sequence of processes and the messages that flow between different process participants in a related set of activities.

Why is BPMN important?

The world of business processes has changed dramatically over the past few years. Processes can be coordinated from behind, within and over organizations natural boundaries. A business process now spans multiple participants and coordination can be complex. Until BPMN, there has not been a standard modelling technique developed that addresses these issues. BPMN has been developed to provide users with a royalty free notation. This will benefit users in a similar manner in which UML standardised the world of software engineering. There will be training courses, books and a body of knowledge that users can access in order to better implement a business process.

Who is BPMN targeted at?

BPMN is targeted at a high level for business users and at a lower level for process implementers. The business users should be able to easily read and understand a BPMN business process diagram. The process implementer should be able to adorn a business process diagram with further detail in order to represent the process in a physical implementation. BPMN is targeted at users, vendors and service providers that need to communicate business processes in a standard manner.

What does this mean for UML users?

The unified modelling language (UML) takes an object-oriented approach to the modeling of applications, while BPMN takes a process-oriented approach to modelling of systems. Where BPMN has a focus on business processes, the UML has a focus on software design and therefore the two are not competing notations but are different views on systems. The BPMN and the UML are compatible with each other. A business process model does not necessarily have to be implemented as an automated business process in a process execution language. Where this is the case, business processes and participants can be mapped to constructs such as use cases and behavioural models in the UML. Further white papers will follow on the mapping between these techniques.

Will there be a major rewrite?

Not for 2 or 3 years.

What is the relationship between BPMN and BPEL?

BPEL is an XML-based language for describing a business process in which most of the tasks represent interactions between the process and external Web services. The BPEL process itself is represented as a Web service, and is realized by a BPEL engine which executes the process description. BPMN is a standard set of diagramming conventions for describing business processes. It is designed to visualize a rich set of process flow semantics within a process and the communication between independent processes. It is intended to support capture of sufficient detail to allow it to be the source of an executable process description. Since BPEL is currently considered the most important standard for execution languages, a translation to BPEL is specified in the BPMN standard. By design there are some limitations on the process topologies that can be described in BPEL, so it is possible to represent processes in BPMN that cannot be mapped to BPEL. There are a few concepts, such as Ad-Hoc sub-proceses, that BPMN can represent that may not be implemented with any technology.

Click here to get your own BPMN Quick Guide.





Tags : , , , , , , ,

Model articles of association for limited companies – Detailed guidance #entrepreneur #ideas

#business articles 2010

#

Model articles of association for limited companies

Contents

Amendments to model articles

The model articles were amended by the Mental Health (Discrimination) Act 2013 on 28 April 2013 to remove the provision for terminating a director’s appointment on grounds of mental health. This provision could be found in:

  • paragraph 18(e) of the model articles for private companies limited by shares or by guarantee
  • paragraph 22(e) of the model articles for public companies

You don’t have to remove the provision if it’s in your articles, but you can do so by amending your articles or by adopting the newer model articles.

Which versions apply

The latest model articles apply by default to all private and public limited companies incorporated on or after 28 April 2013.

The older model articles continue to apply by default to all companies incorporated between 1 October 2009 and 27 April 2013 (inclusive).

Table A

Table A is the name given to the prescribed format for articles of association of a company limited by shares under the Companies Act 1985 and earlier legislation.

When a company limited by shares was incorporated, it didn’t need to file articles if it used ‘Table A’ as its articles. If you want to see the regulations that govern the management of the company, you’ll need to refer to the relevant ‘Table A’ – the version which was in force at the date of the company’s incorporation.

Later versions of ‘Table A’ don’t affect a company registered before the new versions took effect.

The first prescribed format, made in The Joint Stock Companies Act, 1856, were called ‘Table B’, because they were preceded by a form of Memorandum of Association called ‘Form A’.

The articles were first called ‘Table A’ in The Companies Act 1862 and the naming convention continued for the acts which followed.

List of Table A

The following are versions of ‘Table A’ prescribed by:

Disclaimer

The ‘Table A’ documents provided above have been reproduced from the original published Acts, Order or Instruments listed above and are correct to the best of our knowledge. Companies House accepts no responsibility for any errors or omissions. Reliance should be placed solely on the relevant legislation as published by Office of Public Sector Information .

Published: 21 November 2014 Updated: 3 March 2015

+ full page history

3 March 2015 11:46am Welsh translation added 12 December 2014 12:30pm Updated with information and access to Table A. 21 November 2014 1:34pm First published.





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Business Plan Model – Business Plan Samples #vending #machine #business

#business plan model

#

By admin on May 19, 2016 Business Plan Outline

Business Plan Model. Get inspired with this gallery well over 500 example strategic business plans. Pick the category that s nearest for your own small business or industry, and examine an agenda you want. LivePlan includes all 500 sample plans, so that you can easily reference them when you are writing your personal plan.

Business Plan Model. A strategic business plan describes what your organization does. This written document states your company’s operational and financial targets for future years and just how it provides meet them. A company model describes where and how you decide to operate your organization. The model you select is detailed inside your strategic business plan.

Gallery of: Business Plan Model

Related Business Plan Model

Preschool Business Plan Nobody has access to a new crystal ball that can offer accurate predictions about how the restaurant.

Free Business Plan Outline Also format your plan for marketing straight to your customers or end users. These kinds of.

Event Planning Business Plan Sample. Every experienced investor knows that detailed economical projections for a new corporation are an act.

Business Plan Pdf, There has been a time when company plans were anything from 75 to 100 webpages in length.





Tags : , , , ,

Canada’s Business Model Competition #business #loan #interest #rates

#canadian business

#

Dalhousie University’s Norman Newman Centre for Entrepreneurship is home for two real movers and shakers: Dr. Ed Leach, the Director, and Dr. Mary Kilfoil, the Academic Lead. Ed and Mary have created a collaborative space for students from all faculties to grow as entrepreneurs and innovators. With their Launch Dal programming, Ed and Mary have [ ]

Callum Mayer grew up in the Maritimes and studied at Dalhousie University where he completed his Bachelor of Commerce with a major in Finance. Callum wanted to become an entrepreneur from an early age, especially when he saw the success of local entrepreneurial ventures, such as Pete’s Fr00tique. For his third co-op, Callum undertook an [ ]

Megan McCarthy is originally from Calgary, Alberta. She did three years of an engineering degree and a stint in the oil and gas industry before relocating to Halifax, NS. Megan completed a Bachelor of Management, Environment, Sustainability, and Society at Dalhousie University where she met Ed while taking one of his classes. Ed encouraged her [ ]

The Starting Lean Initiative in collaboration with Deloitte, McInnes Cooper, Dalhousie University and the Rowe School of Business is excited to announce they will be hosting Canada’s Business Model Competition (CBMC) again! The event will take place at Dalhousie University in Halifax, Nova Scotia from March 13-14. Student entrepreneurs from across Canada are invited to [ ]

Of course you can teach entrepreneurship, but the real question[ ] is who can you teach it to? I believe that you can only teach it to the segment of the population who raise their hand and desperately want to learn it Steve Blank On Friday, March 14th over 100 entrepreneurs, students, academics, government employees [ ]

Media Release March 16, 2014 Student Entrepreneurs Compete for Seat at Brigham Young A team of student entrepreneurs from Wilfrid Laurier University has won first prize at the second annual Canada’s Business Model Competition held March 14-15 at Dalhousie University’s Rowe School of Business. Canada’s Business Model Competition is the national qualifier competition [ ]

Dr. Ted Zoller Director of the Centre for Entrepreneurial Studies and Associate Professor of Strategy and Entrepreneurship University of North Carolina Chapel Hill A senior fellow for the Ewing Marion Kauffman Foundation, Ted Zoller performs research and advises Foundation leaders on entrepreneurship strategies and programs. Zoller was director of the Center for Entrepreneurial Studies at the Kenan-Flagler [ ]

Please Join us on March 14 – 15, 2014 at the Dalhousie Faculty of Management for the second annual Canada’s Business Model Competition®. Canada’s Business Model Competition® is the national qualifier competition for the International Business Model Competition and is organized by the Starting Lean Initiative, a project of the Norman Newman Centre for Entrepreneurship. [ ]

As part of this year s Canada s Business Model Competition, the Starting Lean Initiative and Dalhousie University are excited to announce that we will be hosting a fireside chat with Steve Blank. This will be held in the Potter Auditorium at the Kenneth Rowe School of Business at 4 pm on Friday, March 14th. Steve Blank is a [ ]

Post navigation





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