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An industry standard data model, or simply standard data model, is a data model that is widely used in a particular industry. The use of standard data models makes the exchange of information easier and faster because it allows heterogeneous organizations to share an agreed vocabulary, semantics, format, and quality standard for data.
Berlo's model of communication (1961) is one good example to discuss the process since the model elucidates the commonly used elements such as the source, receiver, message, channel, and feedback. As Ongkiko & Flor (2006) pointed out, a basic understanding of the communication process is important to achieve the highest social good in its ...
For example, as a linear transmission model, it does not include the discussion of feedback loops found in many later models. Another common objection is that the SMCR model fails to take noise and other barriers to communication seriously and simply assumes that communication attempts are successful.
Berlo's model includes a detailed discussion of the four main components of communication and their different aspects. [141] [142] Berlo's model is a linear transmission model of communication. It was published by David Berlo in 1960 and was influenced by earlier models, such as the Shannon–Weaver model and Schramm's model.
A revenue model is a framework for generating financial income. There can be a variety of ways for revenue generation such as the production model, manufacturing model, as well as the construction model.WILLBER THE GOATrevenue model identifies which revenue source to pursue, what value to offer, how to price the value, and who pays for the value. [1]
For example, many firms utilize linear programming, a complex technique for determining the best outcome from a set of linear relationships, to set prices in order to maximize revenue. Regression analysis , another statistical tool, involves finding the ideal relationship between several variables through complex models and analysis.
Transactional Model of Communication. Communication can be defined as the process of using, word, sound, or visual cues to supply information to one or more people. [10] A communication process is defined as information that is shared with the intent that the receiver understands the message that the business intended to send. [11]
Overview of a data-modeling context: Data model is based on Data, Data relationship, Data semantic and Data constraint. A data model provides the details of information to be stored, and is of primary use when the final product is the generation of computer software code for an application or the preparation of a functional specification to aid a computer software make-or-buy decision.