"Governance has become the hot topic in SOA over the past year. In the context of computing, a "line-of-business application" is one of the set of critical computer applications perceived as vital to running an enterprise. 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. ![]() "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. ![]() It may or may not be a strategically relevant business unit. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. Line of business ( LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. ![]() Please help improve this article by introducing citations to additional sources. Relevant discussion may be found on the talk page. This article relies largely or entirely on a single source.
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