Business modeling with UML - Coursework Example

Business modeling with UML Part 1(question1) In the event, there are three parties and they are all aiming at receiving profits. The first party consists the organizer whose position is to call a famous artist to perform in the event. The second party consist the owner of the venue and the third party is the performer. Part 1(question2) The main profit from the occasion will be from the music that will be played, the alcohol that will be sold as well as selling of tables. Another aim of the event apart from the gaining of profit is to provide people with a chance to listen to the singers from their own country and also foreign singers from foreign countries. All the parties contributes to the success of this event in order to gain profits. Part 2 (1a) b). Part (2 question 2a) Wheel is valuable information considered when an individual or members are structuring a voluntary organization. The following are important factors that members should consider carefully when starting up an organization • If the organization requires to have lawful status • The activities that are scheduled and what arrangement would embrace future and also The present activities. • Upon the decision on the type of structure the members will require to make a decision on whether they should seek for charitable status or not. Charitable status are of advantage but a lot of care should be taken when applying for charitable status. Below are diagrams of wheel diagrams. Source: (Patinkin 1973) m Source: (Patinkin 1973) Part 2(question 2b) An organizational structure is a type of framework used by a company in order to distinguish responsibilities and roles, authority and power as well as the way in which information within the organization flows. Once the organization is done with choosing the structure to use it can proceed with selecting the design to use. Organizational design refers to the process that managers are able to assess their goals, functions as well as tasks of the business. Through this, the managers are able to make decisions on how to put people into groups in order to achieve their goals effectively. An organization chooses its organizational structure according to their needs. The design of the organization at any given time reflects a structure that lines up to the business. The most effective structure is attained through strategic reevaluation and evaluation of employee groupings as well as tasks. Below are examples of wheel diagrams. Part 2(question 2c) In any business, a strategic business unit abbreviated as (SBU) is a center of profit and it concentrates on market segment as well as product offering. Strategic business unit typically have a distinct marketing plan, marketing campaign, competition analysis though they may appear as part of a bigger commercial entity. A strategic business unit maybe a branch or a business in itself or may be a unit of business in a bigger corporation. Companies may be made up of multiple strategic business units and each unit is in charge of its individual profitability. An example of such a company which has this type of business organization. Strategic business units often influence various factors which affect their performances. When they are managed as separate businesses, SBSs are accountable to a parent organization. Below are diagrams of well-illustrated strategic business units (SBU) Source: (Patinkin 1973) Source: (Lin, Meng-Chyn and Yu-Hua 2002) Source: (Lin, Meng-Chyn and Yu-Hua 2002) Part2 (question 2d) Matrix organization structure refers to one where there are numerous reporting lines meaning that individuals are supervised by more than one official boss. This structure may include solid lines which refers to reporting lines which are direct and strong as well as dotted lines which refers to a relationship which is weak but still represents some official level of ‘right’ to the time of the individual. There are various types of structures of matrix which are complex though its definition may seem quite simple. Within a geographic region or a country many organizations advance from functional structures. In such a case, there are a number of purposes like manufacturing, sales, marketing, legal, IT, HR, etc. each reports to region head or a country. Below is a diagram which illustrates a matrix structure. Source: (Miner 2003) Question 3 Advantages One advantages of this structure is that each department has its own leader. All people working in a department report to their manager. If more clarity is needed, the managers go to the next level in the hierarchy and meet the general manager. Before this, they can first consult among departmental managers. If more clarity is required, the general manager may consult with the accountant or the entertainment manager on the best way forward. From, here, any clarity needed goes to the office of the CEO. The decision from this office is final. Another advantage is the specialization and differentiation of work. people work in the area where they give their best output. Other structures accommodate employees to hoop from one department to another and this cause a lower output. Bibliography Eriksson, Hans-Erik, and Magnus Penker. Business modeling with UML. Chichester: Wiley, 2000 Harrington, H. James. Business process improvement: The breakthrough strategy for total quality, productivity, and competitiveness. Vol. 1. New York: McGraw-Hill, 1991. Lin, Fu-Ren, Meng-Chyn Yang, and Yu-Hua Pai. "A generic structure for business process modeling." Business Process Management Journal 8, no. 1 (2002): 19-41. Miner, Andrew S. "Efficient solution of GSPNs using canonical matrix diagrams." In Petri Nets and Performance Models, 2001. Proceedings. 9th International Workshop on, pp. 101-110. IEEE, 2001 Miner, Andrew S. "Computing response time distributions using stochastic Petri nets and matrix diagrams." In Proceedings of the 10th International Workshop on Petri Nets and Performance Models (PNPM’03), pp. 10-19. 2003. Patinkin, Don. "In Search of the" Wheel of Wealth": On the Origins of Frank Knight's Circular-Flow Diagram." The American Economic Review (1973): 1037-1046 Read More