Requirements for a better Business Taxonomy Part 3

Having discussed that we can have multiple dimensions for a detailed Business Taxonomy, lets see what dimensions we might want to have. The first two dimensions we discussed about described 1) Who is the company's clientele (for media we should look at the audience) 2)How the company services their clientele. I suggest we also give a dimension for 3)What business need the company accomplishes for their clientele. For instance, our hypothetical healthcare software could accomplish a particular process. A big new push in healthcare is Electronic Medical Records (EMR). If we have this third dimension, we can now classify a Healthcare Consulting company specializing in EMR. Now, if we search for businesses providing EMR solutions, we will get results for any company who are working in that space weather they are software or a consultant. Most taxonomies that "solve" this problem by searching on a mix of keywords and their tree structure. This third dimension gives a way to tie in companies that are working on related subjects but using different methodologies. Look at HR Block and Intuit. One is a service company and one is a software company, but both provide tax solutions. We will look at more dimensions in the next post.