Business management is closely related to the need for competent distribution of investment funds to achieve strategic goals. Problems arise when it is focused on private aspects, does not take into account changing business opportunities, there is no understanding of the relationship between individual projects, which reduces the capabilities and efficiency of the processes that form the chain.
Prioritization and funding of initiatives
BA is designed to eliminate such errors by considering all projects in light of changing business opportunities and overall feasibility.
Prioritization in budgeting should botim data package take into account the contribution of each project to the entire system's value, which is determined taking into account changing prospects. At the same time, gaps that reduce the company's efficiency are eliminated, and processes for solving strategic problems are optimized.
Maximum employee engagement and effective interaction between them
Often overlooked are the issues of employee engagement and the use of a unified system of terms in employee communication. Engagement is defined as an emotional commitment to the company and its strategic objectives, which significantly increases the enthusiasm of employees at all levels.
Business systems architecture plays an important role in organizing the company's activities. Ensuring employee engagement involves two mechanisms:
Understanding by each employee the impact of his/her activities on the successful implementation of strategic objectives.
Independence of employees, ensured by a clear delineation of powers, which makes possible independent actions with an awareness of their own competence, increasing interest in the results.
It is difficult to overestimate the importance of communicating using a common system of terms that underlies a business architecture that integrates form with content.
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Fundamentals of Business Architecture
The architecture of business processes of the enterprise is developed and supported using various methodologies. One of the most effective is TOGAF (The Open Group Architecture Framework) – it accelerates and simplifies their creation for specific companies, and also ensures further development.
Fundamentals of Business Architecture
In this methodology, the company architecture is represented by four main domains:
Business architecture (Business ) – company strategy, management structure and key business processes.
Data architecture is a logical and physical scheme of data, the structure of resources for managing them.
Application architecture is a kind of map of all used corporate applications, defining:
the role of each of them in business process management;
interaction both between applications and with external services.
Technology architecture – defining the structure and logic according to which the software and hardware environment are used to support the operation of business applications and access to data. This is the so-called static part of the TOGAF framework, consisting of networks, servers, processing, etc.
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