A business process method for virtualized enterprises Research Paper

A business process method for virtualized enterprises - Research Paper Example Though the future is commonly tagged as unpredictable, business management gives room to forecasting especially when it is based on principles and empirical theories. Expecting business process improvement to remain competitive or to be even improved is therefore nothing much to ask from businesses in today’s fast changing business environment. Several definitions have been given to the term ‘business process’. According to the Business Process Incubator (2011), business process is â€Å"a co-ordinated set of actions that produce a business result, either within a single organization or across several.† Search CIO (2011) also has it that â€Å"A business process is an activity or set of activities that will accomplish a specific organizational goal.† To implement these set of activities that lead to the realization of organizational goals however, there are a number of methods and supporting frameworks to follow. In this paper, we discuss a business process method and supporting framework, including concepts for business-to-business interaction and human resources: to obtain business process environment with rapid, flexible, straightforward, efficient, and precise operations. Undoubtedly, a similar framework will be widely implemented in the near future, and methods such as this one will be widely used. This future implementation will be directed towards achieving a more advanced system and form of business and organizational structure. As the world progresses and advances by the day, business process methods and frameworks that are instituted must meet the growing needs of businesses and society as a whole. Future implementation would therefore be a huge step for the humanity, similar to transition from postal mail to email, utilization of computer-aided design, and use of professional and general purpose social networks. Just as in a swift of human imagination these innovations came to take over the norm that previously exist ed, it is expected that future implementations would solve more complex problems of humanity and businesses. Virtual profiles system and electronic contract negotiation and formation To allow for a more comprehensive discussion of this session, the session shall begin with the definition and explanation of some the salient terms to be used. Virtual profiles system is more related to virtual systems management that is used in most corporations, organizations and businesses. Virtual systems management basically has to do with the allocation and distribution of resources. Expanding the explanation further, Tech Target (2007) explain that â€Å"virtual systems management (VSM), is the process of remotely managing the allocation and use of resources in conventional networks as well as in virtual area networks (VANs), virtual private networks (VPNs), virtual network computing (VNC) and virtual servers.† Virtual prolife systems therefore work best with all kinds of organizations and businesses as far as they have technological facilities for implementation. Electronic contract has greater linkage with virtual profile systems in the sense that electronic contracts helps in the achievement of the management and allocation of resources; especially data on the institution in question. To this effect, Morciniec et al (2002) explain that â€Å"an electronic contract is its reification in software that can be instantiated as a set of obligations that are fulfilled between parties, refused or waived as future events occur.† This explanation was given in relation to the meaning of an ordinary contract, which was explained by the writers to be â€Å"a statement of intent that regulates behavior among organizations and individuals†