What is business context in SAP SBC - Shared Business Components?

SAP Term: business context

• Component: SBC

• Component Name: Shared Business Components

• Description: A collection of dimension members that can be added for a workspace, view, or widget, which the user can persist on the server side by adding to Business Context. Those dimension members are always visible for that particular workspace, view, or widget, and any associated processes and activities. The dimension members in Business Context can represent organizational-wide settings, and are often shared across different users. &EXAMPLE& Corporation strategy is a business context dimension member.

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• Key Concepts: 
  Business context is a term used in SAP's Shared Business Components (SBC) to refer to the environment in which a business operates. It includes the company's goals, objectives, strategies, and processes. It also includes the external factors that affect the business, such as the competitive landscape, economic conditions, and customer needs. 
  
  How to use it: 
  Business context is used to help define the scope of a project or initiative. It helps to identify the key stakeholders and their needs, as well as the resources required to achieve success. It also helps to identify potential risks and opportunities that may arise during the project. 
  
  Tips & Tricks: 
  When defining a business context, it is important to consider both internal and external factors. Internal factors include the company's goals, objectives, strategies, and processes. External factors include the competitive landscape, economic conditions, customer needs, and other external influences. 
  
  Related Information: 
  For more information on business context and how it can be used in SAP's Shared Business Components (SBC), please refer to SAP's official documentation on SBC.