Business Logic
Assignment
Define Business Logic:
Business Logic refers to the set of rules, processes, and decision-making criteria
that govern the operation of a business or organization. It encompasses the
fundamental principles and processes that guide the organization's operations, including
how tasks are performed, how information is processed, and how decisions are made.
Difference between Business and Logic:
Business and logic are two distinct concepts that are often used together to
describe the operation of an organization. Business refers to the overall strategy,
structure, and operations of an organization, encompassing its products or services,
customers, suppliers, employees, and financial performance. On the other hand, logic
refers to the principles of valid reasoning and argumentation, providing a framework for
understanding and evaluating the validity of arguments and the soundness of
reasoning. While business focuses on the strategic and operational aspects of an
organization, including its goals, objectives, and the processes that achieve them, logic
focuses on the principles and rules that govern valid reasoning and argumentation,
ensuring that arguments are sound and conclusions are valid.
Benefits, gains, importance of Business Logic:
Business logic is essential for any organization looking to operate efficiently,
effectively, and consistently. By defining the rules and processes that govern the
organization's operations, businesses can improve their customer experience, enhance
their decision-making, and ensure long-term success. Business logic provides several
benefits to organizations, including improved efficiency, enhanced consistency,
improved customer experience, enhanced decision-making, and increased
competitiveness. By streamlining operations and improving efficiency, business logic
can help remain competitive in their respective industries. By automating routine tasks
and defining clear decision-making processes, businesses can focus on higher-value
activities such as innovation and customer service.
Aim of Business Logic:
The aim of business logic is to provide a clear and well-defined set of rules and
processes that govern the operation of a business or organization. By defining the
fundamental principles and decision-making criteria, business logic helps ensure
consistency, flexibility, and improved decision-making, ultimately leading to enhanced
customer satisfaction and organizational success
References :
https://www.indeed.com/career-advice/career-development/business-logic
https://www.sciencedirect.com/topics/engineering/business-model-framework
https://www.investopedia.com/terms/b/businesslogic.asp
