A system and method for generating architecture for a business system is disclosed. The method comprises, in one embodiment, modeling a plurality of viewpoints adapted for describing the architecture of the business system in form of a collection of views and viewpoints and creating a software organization viewpoint adapted for providing architecture guidelines. An exemplary method further comprises creating a first plurality of notations for each of the plurality of viewpoints for describing the plurality of viewpoints and creating a second plurality of notations for capturing design rationale indicative of the first plurality of notations. Furthermore, an exemplary method comprises generating the architecture of the business system using at least one of the plurality of viewpoints or the software organization viewpoint, or at least the second plurality of notations, or combinations thereof.