Follow the exploration on how to build a better taxonomy for business. I believe current taxonomies are currently lacking. Using a spatial concept of taxonomy, our team has built a taxonomy that is used to power research into Comparables for Mergers & Acquisitions in the evolving sector of Information, Software and Media, and I would like to share our thoughts on how to build a better taxonomy.
Tuesday, November 29, 2011
Requirements for a better Business Taxonomy Part 2
Following my previous post, we see that a business can be classified in a parent child hierarchical taxonomy, but sometimes one could create a sub-category which is really expressing a not a sub-type of the parent category, but rather a different aspect of the business. As in healthcare software is not really a sub-category of software. Healthcare defines the customer base or subject matter of the software. A true sub-type of software would be infrastructure software or business application software. An improved business taxonomy would then categorize a company in multiple ways or dimensions. For instance you could have, a dimension to describe the clientele or market that. So our healthcare software company would have its clientele be set to healthcare. Another dimension would describe how the company solves the business problems in the case of our healthcare software the company would be categorized as software. In my next post we will discuss other possible dimensions for a business taxonomy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment