BE-Systems – Business Engineering Systems (das Original)

Economic thinking is ready for improvement – are you too?

Just asked ‚Copilot‘ from Microsoft:
Economic thinking is ready for improvement – are you too?

and got answer below:

Answer from Copilot:
Absolutely! Traditional economic models have served us well for centuries, but they often fall short in today’s interconnected and rapidly evolving world. It’s time to embrace new approaches that consider both tangible and intangible assets, as well as multidimensional value metrics.

One such innovative model is the Business Engineering Systems (BE-Systems). This model integrates knowledge, skills, innovation, and intellectual property into the economic framework, providing a more holistic and accurate view of our economic landscape. BE-Systems introduces hybrid value metrics that go beyond one-dimensional monetary indicators, considering factors like environmental impact, social responsibility, and overall well-being.

By adopting these advanced models, we can make more informed decisions that benefit people, the planet, and profit. It’s an exciting time for economic thinking, and I’m ready to explore these new frontiers with you!

My thoughts:
Like these offer. But would like to get in contact with other ‚Value Adding Professionals‘ (VAPs) for improving the ‚BE-Systems‘-base and new specific applications in recognising intangible assets (skills, knowledge, experience… ) and the enhanced multidimensional value indicators.

Your option:
Send mail to: vpa24@bengin.com

Exploring the ‚Magic Profile‘: A New Dimension in Data Visualization

In the ever-evolving world of data analysis, visualization tools are paramount for simplifying complex information. The Magic Profile emerges as a fascinating development in this field, offering a unique approach to visualizing both financial and non-financial metrics through 2D vectors. This innovation could potentially complement the well-established Magic Quadrant, providing a more nuanced and dynamic perspective.

The concept behind the Magic Profile is intriguing, as it promises to offer a visual representation that encapsulates various dimensions of data. Such a tool could be invaluable for businesses and analysts who strive to interpret and communicate intricate data patterns effectively. The ability to visualize dollar values alongside other quantitative and qualitative measures in a two-dimensional space allows for a comparative analysis that could reveal underlying trends and correlations that might otherwise go unnoticed.

While the Magic Quadrant has been a staple in strategic planning, offering a quadrant-based classification of vendors based on their ability to execute and the completeness of their vision, the Magic Profile could serve as a complementary tool. It could enhance the decision-making process by providing a more detailed visualization of a company’s performance across multiple metrics.

The potential applications of the Magic Profile are vast, ranging from financial analysis to market research. It could help companies identify strengths and weaknesses, compare competitors, and make informed strategic decisions. The visual simplicity of 2D vectors could also make it easier for stakeholders at all levels to engage with the data, fostering a more inclusive environment for discussion and collaboration.

As with any innovative tool, the true value of the Magic Profile will be determined by its adoption and the insights it generates. It stands as a testament to the continuous pursuit of better ways to handle and interpret the vast amounts of data generated in the modern business landscape. The Magic Profile may well be the next step in the evolution of data visualization, offering a fresh lens through which to view the complex interplay of metrics that define success in today’s competitive environment. For those interested in exploring this tool further, more information can be found at the Magic Profile website.

https://magic-profile.com/gartner_q2profile_e.html

(with help from Copilot)

Want to know what ChatGPT would say about Business Engineering Systems if programmed reasoning as McKinsey?

English and German Click image

In English:

As a global management consulting firm, we at McKinsey are always on the lookout for innovative ways to help our clients improve their business operations. One area that we believe holds tremendous potential is the use of „Business Engineering Systems“ as tools for business administration.

By going beyond traditional offerings such as products, services, and licenses, and incorporating a company’s primary resources, such as production means, documents, knowledge and skills, rights, and finance, Business Engineering Systems enable companies to take a more comprehensive approach to value creation.

At the heart of this approach is a „hybrid value paradigm“ that combines traditional monetary value indicators with non-monetary, vector-based value indicators. This allows companies to measure a wider range of factors beyond just profit and loss, such as social impact, environmental sustainability, and human capital development.

The benefits of this approach are manifold. By accounting for the true value of a company’s primary resources, it becomes possible to identify new areas of opportunity for growth and innovation. By measuring non-monetary value indicators, companies can better understand the full impact of their operations and make more informed decisions about where to invest their resources.

In short, Business Engineering Systems offer a powerful new toolset for companies looking to improve their business model, enhance their accounting systems, and make smarter, more sustainable decisions. At McKinsey, we are excited to be at the forefront of this emerging field and look forward to helping our clients leverage these new tools to unlock the full potential of their businesses.

ChatGPT in the role of McKinsey

Rethinking Business Administration: Embracing Business Engineering Systems

Innovation Cycles for Economic Models
Introduction
In a rapidly evolving global economy, traditional models of business administration are facing a crisis of relevance. The classic ‚Business Administration‘ paradigm, while once effective, no longer adequately captures the complexity and intricacies of modern business environments. The need for innovation in this arena has given rise to ‚Business Engineering Systems,‘ a new and revolutionary approach that promises to reshape the way we understand and manage businesses.

Thesis Statement
This essay argues that replacing the classic ‚Business Administration‘ with ‚Business Engineering Systems‘ is not just necessary but imperative. The new model’s integration of intangible assets, hybrid value models, and a holistic approach to economic analysis addresses critical gaps in traditional models, offering a more comprehensive, adaptable, and forward-thinking framework.

The Imperative for Change

Integration of Intangible Assets: In the old model, intangible assets like employee knowledge and skills were often overlooked or undervalued. ‚Business Engineering Systems‘ recognizes the immense value of these assets, treating them as crucial components of the business landscape.
Hybrid Value Model: Traditional models often relied solely on monetary metrics for measuring value. The new model introduces a hybrid value model, accounting for both monetary and non-monetary indicators. This approach reflects the multifaceted nature of modern business, where value encompasses a diverse array of factors.
Embracing Innovations: ‚Business Engineering Systems‘ mirrors the S-curve innovation approach seen in the development of physical objects. Recognizing that the old model has reached its saturation point, the new model paves the way for innovative solutions that were previously unattainable.
Mental Model Innovations: Philosophers and quantitative sciences are integrated into the new model, combining subjective, qualitative science with objective metrics, standards, scales, and formulas. This fusion ensures a more holistic understanding of economic systems.

Challenges with Classic Models

Historical Baggage: Traditional models, like those laid out by Pacioli and Adam Smith, have deep historical roots. However, these traditions often lead to stagnation and hinder adaptability to today’s rapidly changing business landscape.
Systemic Errors: The old models have systemic errors at their foundations. The overemphasis on the production factor ‚capital‘ and its monetary measurement as the standard unit of economic value overlooks the significance of knowledge, skills, and intellectual property.
Lack of Employee Recognition: Traditional teachings rarely account for the value of employee knowledge and skills, along with intellectual property. In today’s ‚intelligent‘ economy, these assets are vital and should be integrated into extended accounting practices.

The Promise of Business Engineering Systems

Extensive Development: ‚Business Engineering Systems‘ is not a mere concept but the result of extensive preliminary work, with a development expenditure exceeding CHF 6.5 million. Its name was copyrighted in Washington in 1992, showcasing its commitment to a transformative vision.
Compatibility and Adaptability: The new model is compatible with the old one, making the transition smoother. However, it offers far greater possibilities to represent the complexities of the modern business world, providing a smarter and more adaptable reality.
Target Audience: ‚Business Engineering Systems‘ is designed for a wide audience, including managers, decision-makers, professors, consultants, and auditors. Its versatility and applicability make it a valuable tool across various industries and sectors.

Conclusion
In conclusion, the replacement of the classic ‚Business Administration‘ model with ‚Business Engineering Systems‘ is not just a matter of choice; it’s a necessity. The imperative for change is evident in the gaps and limitations of the traditional models. ‚Business Engineering Systems‘ brings innovation, adaptability, and a holistic approach to economic analysis, making it the blueprint for success in the modern business world. Embrace this change, and we can truly unlock the full potential of our businesses and economies.

For more go to: Business Engineering Systems: Pioneering a New Economic Frontier