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Value Stream
A value stream is the set of actions that take place to add value to a customer from the initial request through realization of value by the customer. The value stream begins with the initial concept, moves through various stages of development and on through delivery and support. A value stream always begins and ends with a customer. Value streams are artifacts within business architecture that allow a business to specify the value proposition derived by an external (e.g., customer) or internal stakeholder from an organization. A value stream depicts the stakeholders initiating and involved in the value stream, the stages that create specific value items, and the value proposition derived from the value stream. The value stream is depicted as an end-to-end collection of value-adding activities that create an overall result for a customer, stakeholder, or end-user. In modeling terms, those value-adding activities are represented by value stream stages, each of which creates and ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Architecture
In the business sector, business architecture is a discipline that "represents holistic Holism () is the idea that various systems (e.g. physical, biological, social) should be viewed as wholes, not merely as a collection of parts. The term "holism" was coined by Jan Smuts in his 1926 book ''Holism and Evolution''."holism, n." OED Onl ..., multidimensional business views of: capabilities, end‐to‐end value delivery, information, and organizational structure; and the relationships among these business views and Business Strategy, strategies, products, policies, initiatives, and Stakeholder (corporate), stakeholders." In application, business architecture provides a bridge between an enterprise business model and business, enterprise strategy on one side, and the business functionality of the Business, enterprise on the other side. It often enables the wikiversity:Strategy to Execution, Strategy to Execution methodology. People who develop and maintain business architecture ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |