Which of the following best defines 'business architecture'?

Business architecture is best defined as a blueprint for delivering and capturing business value because it encompasses the structure and design of a business, outlining how various components—such as processes, information, capabilities, and organizational structures—interact to achieve strategic objectives. By serving as a framework that aligns business strategies and goals with operations, business architecture enables organizations to optimize their processes and resources, thereby effectively creating and capturing value.

This definition emphasizes the holistic nature of business architecture, which integrates various elements of the business ecosystem to ensure coherence and alignment towards achieving desired outcomes. It inherently involves understanding the business's needs, mapping out capabilities, and identifying how to leverage assets and resources for maximum impact.

In contrast, the other choices center on more specific aspects that do not encapsulate the complete essence of business architecture. For instance, managing technological assets relates more to IT governance and management rather than the broader organizational design. A document outlining company policies typically refers to governance documents rather than the strategic alignment of business elements. A marketing strategy for product launch focuses solely on promotional efforts rather than a comprehensive view of the overall business structure and value delivery. Thus, while these definitions may pertain to certain business functions, they do not adequately represent the full scope and purpose of business architecture.