Business Mapping is the illustration of the processes in a Business so that the activities can be understood properly and decisions can be taken by using knowledge more effectively. Business Mapping also detects methods of development or improvement. Profits and loss are also Map ped in Business Mapping . The other names for Business Map are Business Flow Chart, Business Map Model, Enterprise Map , Enterprise Model, Solutions Map , Decision Map , Decision model or Decision Making process Map .
Business Mapping Characteristics:
|
Data used in Business Mapping :
|
Steps followed in Business Mapping :
- Identify the purpose for Business Mapping .
- Boundary detection depending upon the purpose.
- Listing the steps which are needed for fulfilling the purpose chosen in Business Mapping .
- Detail of every step is attached to the Map .
- The steps are arranged in a sequence.
- Data attachment is done for every steps.
- Color is given to each characters like different colors showing the amount of sales in the present year and the amount of sales expected coming year.
Advantage of Business Mapping :
- It helps to take prompt decisions and analyze the total Business process.
- Business Mapping saves time. The viewer can understand the situation fast and easily.
- Interrelationship of different attributes can be understood through Business Mapping .
- Business Mapping helps to compare the performance of different companies and help the enterpreuner to take future steps like taking over a company or expanding the market.
Business Mapping is thus indeed very helpful for advancement of Business .