In this paper we present a calculus for re nement of business process models based on a precise de nition of business processes and process nets Business process models are a vital concept for communicating with experts of the application domain Depending on the roles and responsibilities of the application domain experts involved process models are discussed on di erent levels of ab straction ...

Flexibility has emerged as an important requirement in the design of business processes. Research on process flexibility, however, has traditionally been focused on the intrinsic capability of a process to adapt to a new environment (e.g. workflow escalation, ad-hoc modeling). This paper proposes to extend the existing body of research by studying the extrinsic drivers for process flexibility, ...

Web services have a potential to enhance B2B ecommerce over the Internet by allowing companies and organizations to publish their business processes on service directories where potential trading partners can find them. This can give rise to new business paradigms based on ad-hoc trading relations as companies, particularly small to medium scale, can cheaply and flexibly enter into fruitful con...

a limited series of studies on capital structure have been conducted on small-to-medium size enterprises (smes). recent family-bases business literature suggests that these processes are influenced by firm owners’ attitudes toward the utility of debt as a form of financing. other factors like culture, entrepreneurial characteristics, and prior experiences may also be involved. this study intend...