ISEE: A 25-year history of scientific management breakthroughs
ISEE has developed the first Business Digital Twin software following its discovery of the Business Model Ontology – the universal “anatomical” and “physiological” model ontology for any enterprise.
Starting from the realization that existing knowledge of enterprise management lacked a unified theoretical foundation, ISEE embarked on a bold journey to create a single comprehensive theory that explains the principle setup and way of functioning of every enterprise.
Now, 25 years later, with the Business Digital Twin and Business Model Ontology created, ISEE is even more fueled by the pioneering spirit of its founders to continue revolutionizing the fields of scientific management and business software, transforming the educational and economic landscape and driving innovation.
The Early Years
In 1980, a visionary machine engineer and CEO of several enterprises, Peter Bachvarov, identified a critical gap in standard job description practices. These practices lacked a universal and comprehensive understanding of enterprise operations, failing to accurately reflect employees’ actual job responsibilities. This realization inspired Bachvarov to delve into the global literature on managerial modeling of the industrial economy and apply his insights within various enterprises.
Over the next decade, after serving as CEO for two more large enterprises, Bachvarov’s observations were confirmed: despite differences in production, the fundamental structure and functioning of enterprises were remarkably similar. However, there was no evidence of a universal model ontology for enterprises in academic literature, consultancy firms, or ERP software solutions.
At that moment, Bachvarov assembled a dedicated team and committed himself to developing a new, qualitative body of knowledge for the managerial modeling of enterprises – the Business Model Ontology. This comprehensive theory provides a clear understanding of the fundamental setup and operation of any enterprise and should serve as the foundation for the next generation business software – the Business Digital Twin.
1980
Innovating from the start
ISEE’s founder, Peter Bachvarov, recognizes the need for a universal business model ontology to develop enterprises and the manufacturing sector. He examines whether a universal model ontology is achievable in the following decade through the CEO position of enterprises and confirms it.
1998
Establishment of ISEE
Peter Bachvarov, Trifon Stefanov, Anna Videva, Georgi Pavlov, and Rusko Shikov established the company System for Effective Modeling of Business Assets (SEMBA), which later became the Institute for Systemic Economic Engineering (ISEE).
2000
First Stage of BMO and BDT Development
Developed the Industrial Cross, a cognitive platform of BMO for understanding enterprises as systemic objects, leading to the first version of the Business Digital Twin software.
2002
Second Stage of BMO and BDT Development
Developed the Industrial Cognition Tree, a cognitive platform of BMO for understanding enterprises as systemic subjects, resulting in the second version of the Business Digital Twin software.
2006
Third Stage of BMO and BDT Development
Enhanced the Industrial Cognition Tree to deepen the understanding of enterprises as systemic subjects, leading to the third version of the Business Digital Twin software.
2011
BMO Theory and Terminology
Curated and systematized working materials relevant to BMO theory and terminology, securing copyright through the publication of two textbooks.
2012
Research Campaigns
Conducted a large-scale campaign studying the development of fundamental economic management knowledge through three research projects focusing on science and education, consultancy companies, and business software.
2013
Experimental Campaigns
Experimental campaigns about the Business Digital Twin system as a tool that can create and nurture an innovative technological elite.
2016
Vision for the next version of BDT development
Conducted a large-scale campaign studying the development of fundamental economic management knowledge through three research projects focusing on science and education, consultancy companies, and business software
BDT
2020
Strategy for Functional Development
Developed the ISEE Strategy for Functional Development – 2032, aiming for cooperation among industry, political, scientific, and media elites toward economic development and Global Standardization and Certification System of industrial management.
2022
Scientific Publications and research at Top Universities
Disseminated scientific discovery of BMO and BDT, publishing and presenting papers about the BMO and BDT at SEFI in Barcelona. Conducting research with MBA students from Princeton, Stanford, New York University, University of California, Peking University and Tsinghua University.
2023
Scientific Publications and research
Published and presented a paper at the IEEE conference in Kuwait. Developed student and business oriented presentations and workshops on enterprise management.
2024
Workshops on Strategic Management
Conducted workshops on BMO strategic management at TU Varna, TU Sofia, the American University of Kuwait, and the Center for African Prosperity for the Atlas Network
2024
Scientific Publications and research
Published and presented a paper at ASME’s International Mechanical Engineering Congress & Exposition (IMECE) in Oregon, USA, on the pivotal topic: ‘The Legacy of Henry R. Towne – the Business Digital Twin Built Upon a Business Model Ontology.
1980
Innovating from the start
ISEE’s founder, Peter Bachvarov, recognizes the need for a universal business model ontology to develop enterprises and the manufacturing sector. He examines whether a universal model ontology is achievable in the following decade through the CEO position of enterprises and confirms it.
1998
Establishment of ISEE
Peter Bachvarov, Trifon Stefanov, Anna Videva, Georgi Pavlov, and Rusko Shikov established the company System for Effective Modeling of Business Assets (SEMBA), which later became the Institute for Systemic Economic Engineering (ISEE).
2000
First Stage
of BMO and BDT Development
Developed the Industrial Cross, a cognitive platform of BMO for understanding enterprises as systemic objects, leading to the first version of the Business Digital Twin software.
2002
Second Stage
of BMO and BDT Development
Developed the Industrial Cognition Tree, a cognitive platform of BMO for understanding enterprises as systemic subjects, resulting in the second version of the Business Digital Twin software.
2006
Third Stage
of BMO and BDT Development
Enhanced the Industrial Cognition Tree to deepen the understanding of enterprises as systemic subjects, leading to the third version of the Business Digital Twin software.
2011
BMO Theory and Terminology
Curated and systematized working materials relevant to BMO theory and terminology, securing copyright through the publication of two textbooks.
2012
Research Campaigns
Conducted a large-scale campaign studying the development of fundamental economic management knowledge through three research projects focusing on science and education, consultancy companies, and business software.
2013
Experimental Campaigns
Experimental campaigns about the Business Digital Twin system as a tool that can create and nurture an innovative technological elite.
BDT
2016
Vision for the next version of BDT development
Conducted a large-scale campaign studying the development of fundamental economic management knowledge through three research projects focusing on science and education, consultancy companies, and business software.
2020
Strategy for Functional Development
Developed the ISEE Strategy for Functional Development – 2032, aiming for cooperation among industry, political, scientific, and media elites toward economic development and Global Standardization and Certification System of industrial management.
2022
Scientific Publications and research at Top Universities
Disseminated scientific discovery of BMO and BDT, publishing and presenting papers about the BMO and BDT at SEFI in Barcelona. Conducting research with MBA students from Princeton, Stanford, New York University, University of California, Peking University and Tsinghua University.
2023
Scientific Publications and research
Published and presented a paper at the IEEE conference in Kuwait. Developed student and business oriented presentations and workshops on enterprise management.
2024
Workshops on Strategic Management
Conducted workshops on BMO strategic management at TU Varna, TU Sofia, and the American University of Kuwait.
2024
Scientific Publications and research
Published and presented a paper at ASME’s International Mechanical Engineering Congress & Exposition (IMECE) in Oregon, USA, on the pivotal topic: ‘The Legacy of Henry R. Towne – the Business Digital Twin Built Upon a Business Model Ontology.