Why should every business define its own business vocabulary even though almost everybody operates in some larger community of practice?
Why should every business invent its own business rules even though perhaps only 20% of its business rules directly impact competitive advantage?
Why should regulatory bodies issue regulations without adequate definitions and provably correct (anomaly-free) business rules?
Why should contracts, agreements, and deals be signed with terms of agreement and definitions already spelled out, only to have IT implement them essentially from the ground-up?What’s the knowledge economy? According to Wikipedia:
“Various observers describe today’s global economy as one in transition to a ‘knowledge economy,’ as an extension of an ‘information society.’ The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where knowledge resources such as know-how and expertise are as critical as other economic resources.”Catch that part about rules?! ~~~~~~~~~~~~~~~~~~~~~~~ from Building Business Solutions: Business Analysis with Business Rules, by Ronald G. Ross with Gladys S.W. Lam, An IIBA® Sponsored Handbook, Business Rule Solutions, LLC, 2011, 304 pp,http://www.brsolutions.com/bbs