What is BUSINESS ARCHITECT? What does BUSINESS ARCHITECT mean? BUSINESS ARCHITECT meaning - BUSINESS ARCHITECT definition - BUSINESS ARCHITECT explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
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A business architect is a practitioner of business architecture, a discipline concerned with developing and maintaining business capabilities of the enterprise in line with the corporate strategy as well as contributing to the business strategy and plans. This also includes design of capability models and related architectural solutions of business tasks, mapping capability functionality to the internal and external resources, developing business transformation plans jointly with senior business management, handling business solutions to the delivery and operational business functions of the company, developing and maintaining architectural governance and controls over implementation. For each step of the business transformation plan, business architects contribute in development of a blueprint of the enterprise in order to promote a common understanding of the organization and alignment of strategic objectives with tactical demands.
Given that the business architecture as a distinct discipline is relatively young, the role of a business architect is often relative to the organization. A business architect can operate on one or more levels of the organization depending on the level of maturity of the architecture practice within that organization. Nonetheless, there is a difference between architectural and analysis works: the former concerns core organising rather abstractive organisation of business while the latter is more about implementation of architectural abstractions.
At the macro level, a business architect establishes principles and governing policies over interaction with suppliers, partners and all types of outsourcing while the corporate executives work on the vision, desired target state and the benefits the organization brings to its stakeholders.
At the strategic level, a business architect supplements the vision with target capabilities, supporting principles and policies and a current state environmental assessment to provide contextual rationale
At the program level, a business architect translates strategic initiatives into delivery-focused change initiatives.
At the lowest level, a role of business architect is usually replaced by a role of product owner, scrum master, business analyst who engages with the project with the main purpose of communicating architecture and promoting project's alignment with it.
Since a business architecture practice is closely related to the discipline of enterprise architecture in a way that it provides a foundation for the enterprise architecture, the role of a business architect is sometimes fulfilled by an enterprise architect.
Skills and competencies of a business architect determine the level of an organization at which the architect can operate. In a broader sense, it is the combination of soft skills, knowledge of business, system thinking, change management techniques, awareness in business changes in the economic environment and technology. More specifically, commonly sought after characteristics of a good business architect are:
Sound understanding of business principles and concepts. This goes beyond just understanding of realisation of these concepts via business processes. It encompasses understanding of how markets influence business, what are the differentiating factors of the business, what and how values are created, and how strategy development may be supported.
Ability to think about business in a way that is abstracted from how business functions are implemented by technology.
Consulting mindset, which allows a business architect to support the strategy development
Design thinking, which enables synthesizing of many ideas into big-picture view that shows the connection between business intention and business action.
Being an agent for change, who uses business architecture to agitate and initiate action and challenge others via business designs and solutions, which drive requirements to the business operational and organisational structures.
A Guide to Business Architecture Body of Knowledge by the Business Architecture Guild publishes evolving list of skills and competencies for business architects and for other roles relevant to the business architecture practice. Additionally, the major areas of concerns of business architects are depicted for the Business Architecture in a Dynamic Market.
Although foreigners may now invest in A-shares, there is a monthly 20 percent limit on repatriation of funds to foreign countries.
Performance of A-shares.
Since its inception in 1990, including a major reform in 2002, the index has seen great fluctuations. Overall, however, it has grown along with the Chinese economy. The years 2015 to 2016 were a particularly difficult period, with a 52-week performance of -21.55 percent as of July 20, 2016.
As China grows from an emerging market to an advanced economy, there is substantial demand for Chinese equity. Stock exchange regulators continue efforts to make A-shares more broadly available to foreign investors and have them recognized by the global investing community.
In June 2017, the MSCI Emerging Markets Index announced a long-awaited decision it would add stocks to its index. According to CNBC, MSCI will add 222 China A Large Cap stocks to its benchmark emerging markets index gradually beginning in 2018. The MSCI website reveals the stocks it will list include the Bank of China, China Merchants Bank, Guotai Junan, Ping An Insurance, according to a document on Tsingtao Brewery, SAIC Motor, Suning Commerce and Spring Airlines.
Current Dividend Preference.
Participating Preferred Stock.
Convertible Preferred Stock.
Cumulative preferred stock includes a provision that requires the company to pay preferred shareholders all dividends, including those that were omitted in the past, before the common shareholders are able to receive their dividend payments.
Non-cumulative preferred stock does not issue any omitted or unpaid dividends. If the company chooses not to pay dividends in any given year, the shareholders of the non-cumulative preferred stock have no right or power to claim such forgone dividends at any time in the future.
Participating preferred stock provides its shareholders with the right to be paid dividends in an amount equal to the generally specified rate of preferred dividends, plus an additional dividend based on a predetermined condition. This additional dividend is typically designed to be paid out only if the amount of dividends received by common shareholders is greater than a predetermined per-share amount. If the company is liquidated, participating preferred shareholders may also have the right to be paid back the purchasing price of the stock as well as a pro-rata share of remaining proceeds received by common shareholders.
Significance to Investors.