Henry Towne talks about Business Engineering Systems

    ... believe that the concept of Business Engineering Systems has great potential to improve business operations and promote more sustainable practices ...

Henry Towne (1844 - 1924) was one of the first engineers to see management as a new social role for engineers and that the development of management techniques was important for the development of the engineering profession. He laid out his ideas about the management role for the engineer in his "The Engineer as Economist". ...

Go to Wikipedia (Henry Towne English)
Go to Wikibrief (Henry Towne German)

Henry Towne in English:

As an engineer and an advocate for the scientific approach to business management, I believe that any tool or system that can enhance the efficiency and effectiveness of business operations is worth exploring. The concept of Business Engineering Systems seems to fit this bill quite nicely, as it seeks to go beyond traditional models of business administration by incorporating a broader range of primary resources and utilizing a hybrid value paradigm that combines monetary and non-monetary (vector-based) value indicators.

In my view, this approach has the potential to not only improve the bottom line for businesses but also promote more sustainable and socially responsible practices. By focusing on the primary resources that underpin all business activity, we can develop a more comprehensive understanding of the factors that drive success and identify opportunities for improvement.

Furthermore, the use of a hybrid value paradigm that accounts for both monetary and non-monetary factors is an important step towards creating a more holistic accounting system that considers the true costs and benefits of business operations. This is particularly relevant in today's world, where the impact of business activity on the environment and society is increasingly important.

In short, I believe that the concept of Business Engineering Systems has great potential to improve business operations and promote more sustainable practices. As with any new tool or system, however, it is important to approach it with a critical and analytical mindset to ensure that it is implemented in a way that maximizes its benefits and minimizes any potential drawbacks.

Henry Towne in German:

Als Ingenieur und Verfechter des wissenschaftlichen Ansatzes der Unternehmensführung glaube ich, dass jedes Tool oder System, das die Effizienz und Effektivität des Geschäftsbetriebs verbessern kann, es wert ist, erforscht zu werden. Das Konzept der Business Engineering Systems scheint dafür geeignet zu sein, da es versucht, über traditionelle Modelle der Betriebswirtschaftslehre hinauszugehen, indem es ein breiteres Spektrum an Primärressourcen einbezieht und ein hybrides Wertparadigma verwendet, das monetäre und nicht-monetäre (vektorbasierte) Wertindikatoren kombiniert.

Meiner Ansicht nach hat dieser Ansatz das Potenzial, nicht nur das Endergebnis für Unternehmen zu verbessern, sondern auch nachhaltigere und sozial verantwortliche Praktiken zu fördern. Indem wir uns auf die primären Ressourcen konzentrieren, die allen Geschäftsaktivitäten zugrunde liegen, können wir ein umfassenderes Verständnis der Erfolgsfaktoren entwickeln und Verbesserungsmöglichkeiten identifizieren.

Darüber hinaus ist die Verwendung eines hybriden Wertparadigmas, das sowohl monetäre als auch nicht-monetäre Faktoren berücksichtigt, ein wichtiger Schritt zur Schaffung eines ganzheitlicheren Rechnungslegungssystems, das die tatsächlichen Kosten und Vorteile des Geschäftsbetriebs berücksichtigt. Dies ist besonders relevant in der heutigen Welt, in der die Auswirkungen der Geschäftstätigkeit auf Umwelt und Gesellschaft immer wichtiger werden.

Kurz gesagt, ich glaube, dass das Konzept der Business Engineering Systems ein großes Potenzial hat, den Geschäftsbetrieb zu verbessern und nachhaltigere Praktiken zu fördern. Wie bei jedem neuen Tool oder System ist es jedoch wichtig, es mit einer kritischen und analytischen Denkweise anzugehen, um sicherzustellen, dass es so implementiert wird, dass sein Nutzen maximiert und mögliche Nachteile minimiert werden.

Henry Towne supported by chatGPT

Want to have more voices?

Business Engineering Systems: Advanced models for business, policy, and consultants.

Business Administration and Business Engineering

Today's models (i) start from tangible and intangible resources and (ii) use a multidimensional value paradigm in which non-monetary and subjective value attributes also count.

Four selected areas of focus from the BE systems:
Click on image for more information

3D Model - from resources to processes to the offerings

Company with three levels

Introduction of an 'imaginary econ' for intangible goods

imaginary economics for intangibles

Measuring Performance in a Knowledge Economy

Measuring Performance

Purpose of 'Project NEMO' (New/Next Economic/Enterprise Model) is to enhance classic economics by
(i) including intangible assets as the common (re)source of welfare and wealth and
(ii) disclosing a vector based hybrid value principle enabling monetary AND nonmonetary dimensions as a compound/hybrid measure.

View Project NEMO

Want to learn more about this project?

Just ask by mail.

e-mail: peter.bretscher@bengin.com

Why redesign economics?

Economics - because its roots were made two centuries ago - is no longer able to explain the smart economy that is based mainly on intangible assets and needs.
And debugging is simply not enough.

Redesigning some outdated assumptions helps to get a 'Business Administration' that's more convenient to get a sustainable economy.

Our three projects

More useful Links

Contact Us

Alpsteinstrasse 4
9034 Eggersriet
Switzerland
Phone: +41 79 650 49 04
Email: peter.bretscher(at)bengin.com

2024 © All Rights Reserved.