Design Guidelines to Derive an e3value Business Model from a BPMN Process Model in the Financial Securities Sector

Isaac da Silva Torres; Marcelo Fantinato; Gabriela Musse Branco; Jaap Gordijn

doi:10.1007/978-3-030-91279-6_11

Design Guidelines to Derive an e³value Business Model from a BPMN Process Model in the Financial Securities Sector

Isaac da Silva Torres^*, Marcelo Fantinato, Gabriela Musse Branco, Jaap Gordijn

^*Corresponding author for this work

Research output: Chapter in Book / Report / Conference proceeding › Conference contribution › Academic › peer-review

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Abstract

Process models, e.g. BPMN models may represent how companies in an ecosystem interact with each other. However, the business model of the same ecosystem, e.g. expressed by an e³value model, is often left implicit. This hinders the proper analysis of the ecosystem at the business level, and more specifically financial assessment, for which process models are less appropriate. Therefore, the question is if we can somehow derive e³value models from BPMN models. This would not only allow for proper business model analysis but would also facilitate business model mining, similar to the success of process mining. However, although an e³value model and BPMN model represent the same ecosystem, their perspectives differ significantly. Therefore an automated derivation of an e³value model from a BPMN seems not to be feasible, but we can assist the e³value model designer with practical guidelines. We illustrate our guidelines by means of a case study about financial securities trading.

Original language	English
Title of host publication	The Practice of Enterprise Modeling
Subtitle of host publication	14th IFIP WG 8.1 Working Conference, PoEM 2021, Riga, Latvia, November 24–26, 2021, Proceedings
Editors	Estefanía Serral, Janis Stirna, Jolita Ralyté, Jānis Grabis
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	153-167
Number of pages	15
ISBN (Electronic)	9783030912796
ISBN (Print)	9783030912789
DOIs	https://doi.org/10.1007/978-3-030-91279-6_11
Publication status	Published - 2021
Event	14th IFIP WG 8.1 Working Conference on the Practice of Enterprise Modeling, PoEM 2021 - Riga, Latvia Duration: 24 Nov 2021 → 26 Nov 2021

Publication series

Name	Lecture Notes in Business Information Processing
Volume	432 LNBIP
ISSN (Print)	1865-1348
ISSN (Electronic)	1865-1356

Conference

Conference	14th IFIP WG 8.1 Working Conference on the Practice of Enterprise Modeling, PoEM 2021
Country/Territory	Latvia
City	Riga
Period	24/11/21 → 26/11/21

Bibliographical note

Publisher Copyright:
© 2021, IFIP International Federation for Information Processing.

Keywords

BPMN
Business model
Ecosystems
Process model
Value

Access to Document

10.1007/978-3-030-91279-6_11

Design Guidelines to Derive an e3value Business Model from a BPMN Process Model in the Financial Securities SectorFinal published version, 2.35 MBLicence: Article 25fa Dutch Copyright Act

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da Silva Torres, I., Fantinato, M., Branco, G. M., & Gordijn, J. (2021). Design Guidelines to Derive an e³value Business Model from a BPMN Process Model in the Financial Securities Sector. In E. Serral, J. Stirna, J. Ralyté, & J. Grabis (Eds.), The Practice of Enterprise Modeling: 14th IFIP WG 8.1 Working Conference, PoEM 2021, Riga, Latvia, November 24–26, 2021, Proceedings (pp. 153-167). (Lecture Notes in Business Information Processing; Vol. 432 LNBIP). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-030-91279-6_11

da Silva Torres, Isaac ; Fantinato, Marcelo ; Branco, Gabriela Musse et al. / Design Guidelines to Derive an e³value Business Model from a BPMN Process Model in the Financial Securities Sector. The Practice of Enterprise Modeling: 14th IFIP WG 8.1 Working Conference, PoEM 2021, Riga, Latvia, November 24–26, 2021, Proceedings. editor / Estefanía Serral ; Janis Stirna ; Jolita Ralyté ; Jānis Grabis. Springer Science and Business Media Deutschland GmbH, 2021. pp. 153-167 (Lecture Notes in Business Information Processing).

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abstract = "Process models, e.g. BPMN models may represent how companies in an ecosystem interact with each other. However, the business model of the same ecosystem, e.g. expressed by an e3value model, is often left implicit. This hinders the proper analysis of the ecosystem at the business level, and more specifically financial assessment, for which process models are less appropriate. Therefore, the question is if we can somehow derive e3value models from BPMN models. This would not only allow for proper business model analysis but would also facilitate business model mining, similar to the success of process mining. However, although an e3value model and BPMN model represent the same ecosystem, their perspectives differ significantly. Therefore an automated derivation of an e3value model from a BPMN seems not to be feasible, but we can assist the e3value model designer with practical guidelines. We illustrate our guidelines by means of a case study about financial securities trading.",

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da Silva Torres, I, Fantinato, M, Branco, GM & Gordijn, J 2021, Design Guidelines to Derive an e³value Business Model from a BPMN Process Model in the Financial Securities Sector. in E Serral, J Stirna, J Ralyté & J Grabis (eds), The Practice of Enterprise Modeling: 14th IFIP WG 8.1 Working Conference, PoEM 2021, Riga, Latvia, November 24–26, 2021, Proceedings. Lecture Notes in Business Information Processing, vol. 432 LNBIP, Springer Science and Business Media Deutschland GmbH, pp. 153-167, 14th IFIP WG 8.1 Working Conference on the Practice of Enterprise Modeling, PoEM 2021, Riga, Latvia, 24/11/21. https://doi.org/10.1007/978-3-030-91279-6_11

Design Guidelines to Derive an e³value Business Model from a BPMN Process Model in the Financial Securities Sector. / da Silva Torres, Isaac; Fantinato, Marcelo; Branco, Gabriela Musse et al.
The Practice of Enterprise Modeling: 14th IFIP WG 8.1 Working Conference, PoEM 2021, Riga, Latvia, November 24–26, 2021, Proceedings. ed. / Estefanía Serral; Janis Stirna; Jolita Ralyté; Jānis Grabis. Springer Science and Business Media Deutschland GmbH, 2021. p. 153-167 (Lecture Notes in Business Information Processing; Vol. 432 LNBIP).

Research output: Chapter in Book / Report / Conference proceeding › Conference contribution › Academic › peer-review

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da Silva Torres I, Fantinato M, Branco GM, Gordijn J. Design Guidelines to Derive an e³value Business Model from a BPMN Process Model in the Financial Securities Sector. In Serral E, Stirna J, Ralyté J, Grabis J, editors, The Practice of Enterprise Modeling: 14th IFIP WG 8.1 Working Conference, PoEM 2021, Riga, Latvia, November 24–26, 2021, Proceedings. Springer Science and Business Media Deutschland GmbH. 2021. p. 153-167. (Lecture Notes in Business Information Processing). Epub 2021 Nov 11. doi: 10.1007/978-3-030-91279-6_11