Line of Business
Encyclopedia
Line of business is a general term which often refers to a set of one or more highly related products which service a particular customer transaction or business need.
In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to mean a statutory set of insurance policies. It may or may not be a strategically relevant business unit.
"Line of business" often refers to an internal corporate business unit, whereas the term "industry" refers to an external view that includes all competitors competing in a similar market. A line of business will often examine its position within an industry using a Porter five forces analysis or other industry-analysis method and other relevant industry information
.
, a "line-of-business application" is one of the set of critical computer applications perceived as vital to running an enterprise. For example:
for use in the field to process transactions at the site of the customer with minimal usage of paper.
Mobile Route Accounting
exemplifies a typical mobile application.
In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to mean a statutory set of insurance policies. It may or may not be a strategically relevant business unit.
"Line of business" often refers to an internal corporate business unit, whereas the term "industry" refers to an external view that includes all competitors competing in a similar market. A line of business will often examine its position within an industry using a Porter five forces analysis or other industry-analysis method and other relevant industry information
Industry information
Industry classification or industry taxonomy organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets....
.
Computer applications
In the context of computingComputing
Computing is usually defined as the activity of using and improving computer hardware and software. It is the computer-specific part of information technology...
, a "line-of-business application" is one of the set of critical computer applications perceived as vital to running an enterprise. For example:
"Governance has become the hot topic in SOAService-oriented architectureIn software engineering, a Service-Oriented Architecture is a set of principles and methodologies for designing and developing software in the form of interoperable services. These services are well-defined business functionalities that are built as software components that can be reused for...
over the past year. As companies' SOA usage becomes real, widespread and line-of-business, the requirement to ensure that the systems are properly governed has emerged as the number one concern for SOA adopters."
Mobile LOB
Mobile LOB applies to LOB applications running on mobile computers or PDAs - usually ruggedRugged computer
A rugged computer is a computer specifically designed to reliably operate in harsh usage environments and conditions, such as strong vibrations, extreme temperatures and wet or dusty conditions...
for use in the field to process transactions at the site of the customer with minimal usage of paper.
Mobile Route Accounting
Route accounting
A route accounting system is a business software system or ERP system that captures, records, and costs sales transactions for distributors with mobile warehouses, usually trucks, operating as direct store distributors, van sales, pre-sell, delivery confirmation.To be a full route accounting...
exemplifies a typical mobile application.
See also
- North American Industry Classification System
- North American Product Classification System
- Standard Industrial ClassificationStandard Industrial ClassificationThe Standard Industrial Classification is a United States government system for classifying industries by a four-digit code. Established in 1937, it is being supplanted by the six-digit North American Industry Classification System , which was released in 1997; however certain government...
- Industry classification