Design Guidelines to Derive an $$e ^{3}{} value $$ Business Model from a BPMN Process Model in the Financial Securities Sector

Torres, Isaac da Silva; Fantinato, Marcelo; Branco, Gabriela Musse; Gordijn, Jaap

doi:10.1007/978-3-030-91279-6_11

Cited by 5 publications

(12 citation statements)

References 12 publications

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“…translate business processes to a business model) (e.g. Boubaker et al ., 2017; da Silva Torres et al ., 2021). Furthermore, as can be seen in Figure 3, alternative transformation routes exist that are less common.…”

Section: Resultsmentioning

confidence: 99%

“…In this scenario, transformational methods ( type characteristic ) are relevant for finding and discovering new business processes to operationalize the new business model design (e.g. da Silva Torres et al. , 2021).…”

Section: Discussionmentioning

confidence: 99%

“…Action research and prototypes represent the third common evaluation technique, with four methods in each feature. Distinctively, two of the four methods utilize technical action research (Hotie and Gordijn, 2019;da Silva Torres et al, 2021), which is intended to evaluate an experimental artifact and observe its effects in practice (Wieringa and Moralı, 2012). Studies that use prototypes either propose mapping methods to traverse a business model to business processes (or vice versa) using the Eclipse Modeling Framework (EMF) (Boubaker et al, 2017;de Castro et al, 2011;Schuster et al, 2010) or a technique for process-goal alignment using the ADOxx platform (Roelens et al, 2019).…”

Section: Bpmj 298mentioning

confidence: 99%

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Methods that bridge business models and business processes: a synthesis of the literature

Lara

Ven

Aysolmaz

et al. 2023

BPMJ

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PurposeBusiness models are increasingly recognized as a concept to support innovation in organizations. The implementation and operation of a new or altered business model involves the (re-)design of an organization's business processes and their successful execution. This study reviews and synthesizes the existing body of literature to guide organizations in systematically moving from a business model design to the implementation and operation of the business model through their underlying business processes.Design/methodology/approachA systematic literature review of the methods that bridge business models and business processes is performed. The selected 34 studies are classified according to the method's characteristics and the support in the design, implementation and operation of business models.FindingsThe results of the systematic review provide an overview of existing methods that organizations can adopt when moving from business model design into the implementation and operation of their business model using processes.Originality/valueThis work provides a comprehensive overview and detailed insight into the existing methods that align business models and business processes. It increases the understanding on how these two concepts can be synthesized to support more effective digital innovation in organizations. Based on the review results, knowledge gaps are identified and an agenda for future research bridging the fields of business models and business processes is proposed.

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Section: Resultsmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Bpmj 298mentioning

confidence: 99%

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Methods that bridge business models and business processes: a synthesis of the literature

Lara

Ven

Aysolmaz

et al. 2023

BPMJ

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“…To evaluate the HIS project, e3value methodology is adopted and extended. e3value methodology is a conceptual modeling approach to define how economic value is created and exchanged within a network of actors [1], [12]- [22]. The e3value is founded on requirements engineering and underlying conceptual modeling techniques borrowed from the information systems community.…”

Section: Methodsmentioning

confidence: 99%

Sustainability Analysis of Bintulu Hospital Information System Through e3value and i* Modeling

Wai

Cheah

Khairuddin

et al. 2022

JOIV : Int. J. Inform. Visualization

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As a pivotal supporting arm and the driving force to ensure better healthcare services, the Hospital Information System (HIS) provides the backbone support for efficiently managing the hospital's operations and services. Against the backdrop of the current economic situation and the uncertainties in the grim global economic outlook, it is crucial to optimize the cost of the information system while meeting the objectives. This paper contributes to introducing a technique to optimize the public Hospital Information System funding in Malaysia. It explores the prolonged financial viability of the HIS in Bintulu, East Malaysia, through e3Value methodology. The e3value methodology can evaluate the financial sustainability of HIS projects and can serve as a tool for early requirement analysis on future HIS deployment. From the e3value model, it is interesting to discover that actors contribute positive revenue to the hospital, allowing the hospital to generate more profit, which benefits the Government. However, actors that give negative revenue might affect future financial status. Based on the result, the recommendations presented in this paper are very crucial to ensure the continued financial sustainability of HIS. The e3value model offers early requirement study analysis and structured analysis with systematic approaches compared to the existing method. Although the work can measure the financial sustainability of the HIS, other sustainability dimensions like technological sustainability, environmental sustainability and social sustainability are yet to be explored and worth investigating in the future.

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“…In this paper, we extend the proposal and testing of a series of guidelines to derive an e 3 value model from a given BPMN model [4]. We explore these guidelines by using a Technical Action Research (TAR) cycle in a real-world case: the financial securities trading sector.…”

Section: Introductionmentioning

confidence: 99%

Guidelines to derive an $$e^{3}value$$ business model from a BPMN process model: an experiment on real-world scenarios

et al. 2023

Self Cite

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Process models, e.g., BPMN models, may represent how companies in an ecosystem interact with each other. However, the business model of the same ecosystem, e.g., expressed by an $$e^{3}value$$ e 3 v a l u e model, is often left implicit. This hinders the proper analysis of the ecosystem at the business level, and more specifically financial assessment, for which process models are less appropriate. Therefore, the question is if we can somehow derive $$e^{3}value$$ e 3 v a l u e models from BPMN models. This would not only allow for proper business model analysis but would also facilitate business model mining, similar to the success of process mining. However, although an $$e^{3}value$$ e 3 v a l u e model and BPMN model represent the same ecosystem, their perspectives differ significantly. Therefore an automated derivation of an $$e^{3}value$$ e 3 v a l u e model from a BPMN seems not to be feasible, but we can assist the $$e^{3}value$$ e 3 v a l u e model designer with practical guidelines. We explore and test our guidelines in two real-world settings, we then analyze and evaluate its application to better understand their limitations and how to improve them.

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Design Guidelines to Derive an $$e ^{3}{} value $$ Business Model from a BPMN Process Model in the Financial Securities Sector

Cited by 5 publications

References 12 publications

Methods that bridge business models and business processes: a synthesis of the literature

Methods that bridge business models and business processes: a synthesis of the literature

Sustainability Analysis of Bintulu Hospital Information System Through e3value and i* Modeling

Guidelines to derive an $$e^{3}value$$ business model from a BPMN process model: an experiment on real-world scenarios

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