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Conceptual Modeling of Business Networks and Business Strategies

The sophistication of technical and organizational networking enables not only a broader range of business networks and business strategies, but also allows for their faster adaptation to innovations. By increasing the degree of formalization of strategy modeling, model consistency can be enhanced and specifications can be reused in subsequent business engineering phases like process (re-)design and information systems development. Modeling techniques for business network specification and business strategy specification are outlined and notations are presented. Experience from applying these techniques in financial service companies is summarized.