The present invention provides a method, system and computer program product for developing a meta-model schema on the basis of one or more requirements associated with an enterprise process. The method includes defining various sets of meta-models based on the requirements and a predefined ontology. Each set of meta-models includes at least one meta-model that has been defined based on at least one other meta-model of the set of meta-models. Thereafter, the sets of meta-models defined for the corresponding requirements are integrated to develop the meta-model schema.