BUSINESS RULE Meaning and
Definition
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A business rule refers to a specific statement or guideline that delineates the accepted behavior, practices, or procedures within an organization or industry in order to achieve various objectives. It is a vital component of business process management (BPM) that governs the operational and decision-making aspects of an enterprise. Business rules typically outline how an organization should conduct its operations, interact with stakeholders, and make decisions in various situations.
These rules can cover a wide range of areas, such as customer service, financial transactions, human resources, marketing, production, and compliance. They can be explicit or implicit, written or unwritten, but their primary purpose is to ensure consistency, compliance, and efficiency in an organization's processes. Business rules are often communicated through policy documents, employee handbooks, and standard operating procedures.
Within enterprise software systems, business rules are encoded in the form of computer-readable statements that guide the system's behavior and automate decision-making processes. This allows organizations to enforce the desired behaviors and practices consistently across different operational systems and applications.
Key characteristics of business rules include modifiability, reusability, and verifiability. These rules should be adaptable to changing business needs and regulations, allowing organizations to stay agile and responsive. They should also be reusable across different processes and systems to avoid redundancy and ensure consistency. Verifiability refers to the ability to verify whether a specific rule is being adhered to or violated, enabling organizations to assess compliance and take corrective actions if necessary.
In summary, business rules serve as a foundation for consistent, compliant, and efficient operations within an organization or industry. They provide guidance on how tasks should be executed, decisions should be made, and interactions should be conducted to promote the organization's objectives and ensure a harmonious business environment.
Common Misspellings for BUSINESS RULE
- vusiness rule
- nusiness rule
- husiness rule
- gusiness rule
- bysiness rule
- bhsiness rule
- bjsiness rule
- bisiness rule
- b8siness rule
- b7siness rule
- buainess rule
- buziness rule
- buxiness rule
- budiness rule
- bueiness rule
- buwiness rule
- busuness rule
- busjness rule
- buskness rule
- busoness rule
Etymology of BUSINESS RULE
The word "business" originates from the Middle English word "bisinesse", which comes from the Old English word "bisignes". It further derives from the Old English word "bisgian", meaning "to busy". Originally, "business" referred to one's occupation or engagement.
The word "rule" comes from the Latin word "regula", meaning "straight stick" or "ruler". In its earliest sense, "rule" referred to a measuring instrument. Over time, it developed to denote a guiding principle or law.
Therefore, the term "business rule" combines the concept of one's occupation or engagement (business) with a guiding principle or law (rule). It refers to the guiding principles or policies that govern an organization's activities or operations.
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