Bm² Glossary > Definitions > Business Model (BM)
The Bm² uses various terms that are common in the business language, or that may come from other backgrounds. Those terms, most of the time, are used in specific ways, or are given restrictive meanings in the frame of the present theory. A few terms are also specific to the Bm². The following glossary gives a definition of those terms in order to clarify the way they are used here or what they refer to.
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Business Model (BM): The BM is an abstraction of a business, either actual or projected. It is defined for a given Organization, for a given Business and in the context of a Strategic Goal.
The BM of an organization consists in the fundamental characteristics of its business with regard to the management of value, and in the general way this one is operated to reach its strategic goal.
The BM is characterized by the context, content and concept of the organization's regular business operations, at strategic and tactical levels, and in a value management perspective.
At a strategic level, the BM is an abstraction of the Business Activity with regard to the three Super-Processes.
At a tactical level, the BM is an abstraction of the Business System with regard to Processes and Transactions.
