What is business modeling?
The Business modeling method is a technique to model business processes. Business models provide ways of expressing business processes or strategies in terms of business activities and collaborative behavior so we can better understand the business process and the participants in the process. Models are helpful for documenting, comprehending and communicating complexity. By documenting business processes from various perspectives, business models help managers understand their environment. Business Simulation has grown from operations research in the 1950s. With the arrival of increasingly cheap and powerful computers, and increasingly user-friendly software, business modeling techniques now allow also non-technical managers to try out various options or scenario’s to assist in the decision-making process. Another factor that has contributed to the increasing usage of the business modeling method, is the increasing pace of change in business. There is not enough time to try-out new pro
