The main question in this PhD thesis is: How can Business Rules Management be configured and valued in organizations? A BRM problem space framework is proposed, existing of service systems, as a solution to the BRM problems. In total 94 vendor documents and approximately 32 hours of semi-structured interviews were analyzed. This analysis revealed nine individual service systems, in casu elicitation, design, verification, validation, deployment, execution, monitor, audit, and version. In the second part of this dissertation, BRM is positioned in relation to BPM (Business Process Management) by means of a literature study. An extension study was conducted: a qualitative study on a list of business rules formulated by a consulting organization based on the Committee of Sponsoring Organizations of the Treadway Commission risk framework. (from the summary of the Thesis p. 165)
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The book is about finance and accounting, subjects widely discussed in many other books. What sets this book apart from most others is that it discusses all the basic aspects of finance and accounting in one single textbook. Three areas of interest are discussed: Financial Management; Management Accounting; Financial Accounting. Typically, these three subjects are treated separately as individual topics. They are closely related, however, since they all deal with the many financial issues facing business organizations. All topics are discussed at an introductory level, which makes this book very useful for introductory courses on finance & accounting. This book will be of interest to students preparing for a more in depth study of the topics later in their curriculum as well as for those who need a basic yet comprehensive introduction to the subject. The book's intended audience is students following bachelor programs of business science. However it may also be suitable for master program students, especially for those students whose focus is more on practical relevance than on academic theory. The author has many years of experience in teaching students from many different countries and backgrounds. This experience is reflected in the no nonsense approach and the many examples throughout the text.
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Finance and accounting behandelt in een boek de essentiele aspecten van drie disciplines: financieel management, management accounting en financial accounting. Dit maakt Finance and accounting tot een breed en waardevol engelstalig naslagwerk.
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We zitten momenteel in een transitie-periode waarin we van een lineaire economie op basis van bestaande business modellen gericht op economische waarde maximalisatie toegaan naar een circulaire economie, waar business modellen streven naar waarde behoud. De volgende stap is de overgang naar een regeneratieve of restauratieve economie, waarin niet alleen economische waarde, maar ook ecologische en sociale waarde wordt gecreëerd (meervoudige waardecreatie). Vanuit accounting perspectief is een parallelle ontwikkeling zichtbaar. Ons huidige accounting systeem is met name gericht op economische waarde. Als gevolg van de transitie van een lineaire economie naar een circulaire economie, zijn er accounting modellen en frameworks in ontwikkeling gericht op meervoudige waardecreatie. De auteurs zijn echter van mening dat in de literatuur een cruciale gap bestaat tussen de ontwikkeling van accounting en meervoudige waardecreatie, en dat huidige modellen en frameworks gericht op meervoudige waarde vooral leiden tot ‘greenwashing’. In deze bijdrage gaan wij na in hoeverre de vigerende concepten van accounting bruikbaar zijn om te sturen op meervoudige waarde. Onder sturen wordt in dit kader bedoeld het bepalen, meten en waarderen. Dit doen wij aan de hand van een conceptuele analyse waarbij we de toepassing van de vigerende accounting concepten ten aanzien van profit vergelijken met mogelijke toepassing van deze concepten in relatie tot people en planet. Wij concluderen dat deze concepten over het algemeen niet toepasbaar zijn voor people en planet. Wij stellen daarom een alternatieve benadering voor, waarbij wij menen dat vigerende accounting concepten grotendeels toepasbaar zijn op people en planet. Dit is gebaseerd op een aanpak waarin het huidige ontologische uitgangspunt van accounting wordt verlaten en waarin we een aangepast ontologisch uitgangspunt verder uitwerken aan de hand van de Triple Depreciation Line (TDL) van Rambaud & Richard (2015). Tenslotte hebben we kritiekpunten geformuleerd op de TDL systematiek en stellen we een alternatieve TDL systematiek voor. Hiermee beoogt dit paper een bijdrage te leveren aan het inzichtelijk maken van de praktische en conceptuele problemen bij de toepassing van vigerende accounting concepten in een circulaire economie, om vervolgens mogelijke oplossingsrichtingen aan te reiken, gericht op bescherming, herstel en regeneratie van natuurlijk en sociaal kapitaal.
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This paper investigates how management accounting and control systems (operationalized by using Simons’ (1995a) levers of control framework) can be used as devices to support public value creation and as such it contributes to the literature on public value accounting. Using a mixed methods case study approach, including documentary analysis and semi-structured interviews, we found diverging uses of control systems in the Dutch university of applied sciences we investigated. While belief and interactive control systems are used intensively for strategy change and implementation, diagnostic controls were used mainly at the decentral level and seen as devices to make sure that operational and financial boundaries were not crossed. Therefore, belief and interactive control systems lay the foundation for the implementation of a new strategy, in which concepts of public value play a large role, using diagnostic controls to constrain actions at the operational level. We also found that whereas the institution wanted to have interaction with the external stakeholders, in daily practice this takes place only at the phase of strategy formulation, but not in the phase of intermediate strategy evaluation.
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From the article: Business process management and business rules management both focus on controlling business activities in organizations. Although both management principles have the same focus, they approach manageability and controllability from different perspectives. As more organizations deploy business process management and business rules management, this paper argues that these often separated efforts should be integrated. The goal of this work is to present a step towards this integration. We propose a business rule categorization that is aligned to the business process management lifecycle. In a case study and through a survey the proposed rule categories are validated in terms of mutual exclusivity and completeness. The results indicate the completeness of our main categorization and the categories’ mutual exclusivity. Future research should indicate further refinement by identifying rule subcategories.
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Today, Intellectual Capital plays a principal role in the delivery of corporate performance. This importance is reflected in the fact that companies, without the force of any regulations, start to produce intellectual capital statements to communicate their performance; accounting guidelines are being developed and standards are being questioned and reviewed; software companies such as SAP, Hyperion, Oracle, or Peoplesoft are developing applications to address this, and even governments are beginning to measure the intellectual capital of cities, regions, and countries. Accenture writes that today's economy depends on the ability of companies to create, capture, and leverage intellectual capital faster than the competition. Cap Gemini Ernst & Young believes that intangibles are the key drivers for competitive advantage. KPMG states that most general business risks derive from intangibles and organizations therefore need to manage their intangibles very carefully. PricewaterhouseCoopers writes that in a globalized world, the intellectual capital in any organization becomes essential and its correct distribution at all organizational levels requires the best strategy integrated solutions, processes and technology. Even though the leading management consulting firms recognize the importance of intellectual capital – they seem to suffer from the same predicament as the field as a whole. Intellectual capital is defined differently and the concept is often fuzzy. In this special issue of the leading journal in the field we would like to bring together the definitions, approaches, and tools offered by the leading management consulting firms. It will be a unique opportunity to disseminate your understanding of this critical area of management and allow you to illustrate your approaches and tools.
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Research, advisory companies, consultants and system integrators all predict that a lot of money will be earned with decision management (business rules, algorithms and analytics). But how can you actually make money with decision management or in other words: Which business models are exactly available? In this article, we present seven business models for decision management.
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From the article: With increasing investments in business rules management (BRM), organizations are searching for ways to value and benchmark their processes to elicitate, design, accept, deploy and execute business rules. To realize valuation and benchmarking of previously mentioned processes, organizations must be aware that performance measurement is essential, and of equal importance, which performance indicators to apply to the performance measurement processes. However, scientific research on BRM, in general, is limited and research that focuses on BRM in combination with performance indicators is nascent. The purpose of this paper is to define performance indicators for previously mentioned BRM processes. We conducted a three round focus group and three round Delphi Study which led to the identification of 14 performance indicators. Presented results provide a grounded basis from which further, empirical, research on performance indicators for BRM can be explored.
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Purpose: To facilitate the design of viable business models by proposing a novel business model design framework for viability. Design: A design science research method is adopted to develop a business model design framework for viability. The business model design framework for viability is demonstrated by using it to design a business model for an energy enterprise. The aforementioned framework is validated in theory by using expert opinion. Findings: It is difficult to design viable business models because of the changing market conditions, and competing interests of stakeholders in a business ecosystem setting. Although the literature on business models provides guidance on designing viable business models, the languages (business model ontologies) used to design business models largely ignore such guidelines. Therefore, we propose a business model design framework for viability to overcome the identified shortcomings. The theoretical validation of the business model design framework for viability indicates that it is able to successfully bridge the identified shortcomings, and it is able to facilitate the design of viable business models. Moreover, the validation of the framework in practice is currently underway. Originality / value: Several business model ontologies are used to conceptualise and evaluate business models. However, their rote application will not lead to viable business models, because they largely ignore vital design elements, such as design principles, configuration techniques, business rules, design choices, and assumptions. Therefore, we propose and validate a novel business model design framework for viability that overcomes the aforementioned shortcomings.
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