Unified Modeling Language for Describing Business Value Chain Activities

TL;DR

This paper proposes using UML to model business value chain activities, enabling enterprises to develop dynamic, agile business models that adapt to market changes and form strategic alliances.

Contribution

It introduces a UML-based approach for modeling business value chains, facilitating flexible and adaptive enterprise strategies.

Findings

UML is effective for developing information systems.

UML models are independent of programming languages.

The approach supports dynamic and adhoc business modeling.

Abstract

With the market competition aggravating, it becomes necessary for market players to adopt a business model which can adopt dynamic business changes. Any enterprise has the possibility to win in the competition only when it forms the strategic alliance with the upstream and downstream enterprise. This paper articulates a way of using unified modelling language (UML) to develop business value chain activities for any enterprise to develop dynamic, adhoc and agile business model. The results show that the UML is useful in the development of information systems and is independent of any programming language.