Difference between revisions of "Line of Business (LOB)"
(Created page with "A line of business is a corporate subdivision focused on a single product or family of products.<ref>Defining Line of Business (LOB) [https://www.gartner.com/en/in...") |
m (The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).) |
||
| Line 1: | Line 1: | ||
| − | A line of business is a corporate subdivision focused on a single [[Product|product]] or family of products.<ref>Defining Line of Business (LOB) [https://www.gartner.com/en/information-technology/glossary/lob-line-of-business Gartner]</ref> | + | A line of [[business]] is a corporate subdivision focused on a single [[Product|product]] or family of products.<ref>Defining Line of Business (LOB) [https://www.gartner.com/en/information-technology/glossary/lob-line-of-business Gartner]</ref> |
| − | '''Line of business (LOB)''' is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. It may or may not be a strategically relevant business unit. "Line of business" often refers to an internal corporate business unit, whereas the term "industry" refers to an external view that includes all competitors competing in a similar market. A line of business will often examine its position within an industry using a Porter five forces analysis (or other industry-analysis method) and other relevant industry information. In the context of computing, a "line-of-business application" is one of the set of critical computer applications perceived as vital to running an [[Organization|enterprise]]. For example: | + | '''Line of business (LOB)''' is a general term which refers to a [[product]] or a set of related products that serve a particular [[customer]] transaction or business need. In some [[industry]] sectors, like insurance, "line of business" also has a regulatory and [[accounting]] definition to meet a statutory set of insurance policies. It may or may not be a strategically relevant business unit. "Line of business" often refers to an internal corporate business unit, whereas the term "industry" refers to an external view that includes all competitors competing in a similar [[market]]. A line of business will often examine its position within an industry using a Porter five forces analysis (or other industry-analysis method) and other relevant industry information. In the context of computing, a "line-of-business [[application]]" is one of the set of critical [[computer]] applications perceived as vital to running an [[Organization|enterprise]]. For example: |
| − | "[[Governance]] has become the hot topic in [[Service Oriented Architecture (SOA)|SOA]] over the past year. As companies' SOA usage becomes real, widespread and line-of-business, the requirement to ensure that the systems are properly governed has emerged as the number one concern for SOA adopters." Mobile LOB refers to LOB applications running on mobile computers or PDAs - usually rugged for use in the field to process transaction at the site of the [[Customer|custome]]r with minimum usage of paper. Mobile route accounting exemplifies a typical [[Mobile Application|mobile application]].[<ref>What is Line of Business (LOB)? [https://en.wikipedia.org/wiki/Line_of_business Wikipedia]</ref> | + | "[[Governance]] has become the hot topic in [[Service Oriented Architecture (SOA)|SOA]] over the past year. As companies' SOA usage becomes real, widespread and line-of-business, the [[requirement]] to ensure that the systems are properly governed has emerged as the number one concern for SOA adopters." Mobile LOB refers to LOB applications running on mobile computers or PDAs - usually rugged for use in the field to [[process]] transaction at the site of the [[Customer|custome]]r with minimum usage of paper. Mobile route accounting exemplifies a typical [[Mobile Application|mobile application]].[<ref>What is Line of Business (LOB)? [https://en.wikipedia.org/wiki/Line_of_business Wikipedia]</ref> |
Latest revision as of 16:51, 6 February 2021
A line of business is a corporate subdivision focused on a single product or family of products.[1]
Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. It may or may not be a strategically relevant business unit. "Line of business" often refers to an internal corporate business unit, whereas the term "industry" refers to an external view that includes all competitors competing in a similar market. A line of business will often examine its position within an industry using a Porter five forces analysis (or other industry-analysis method) and other relevant industry information. In the context of computing, a "line-of-business application" is one of the set of critical computer applications perceived as vital to running an enterprise. For example: "Governance has become the hot topic in SOA over the past year. As companies' SOA usage becomes real, widespread and line-of-business, the requirement to ensure that the systems are properly governed has emerged as the number one concern for SOA adopters." Mobile LOB refers to LOB applications running on mobile computers or PDAs - usually rugged for use in the field to process transaction at the site of the customer with minimum usage of paper. Mobile route accounting exemplifies a typical mobile application.[[2]