Chapter 6 - Business Analysis

STRATEGY ANALYSIS

In this chapter, the strategy analysis refers to the research to identify the business needs. The strategy analysis areas involves:

1. Analyze Current State: The purpose of analyse current state is to change the enterprise by  understanding the needs of the business. As an input needs and elicitation results are needed  to define the current state and problems faced by an organization and as an output, business analyst get the description of the current state.

2. Define Future State: The purpose of this state is to define the goals and conditions that are essential to meet the business needs. Business related problems, opportunities are required as an input to understand the future state and business objectives, description of the future state came as an output.

3. Assess Risks: The purpose of the Asses risks is to determine the uncertainties in delivering the values through a change and recommends actions for the risks. As a input, business objectives, influences, potential value, elicitation results are required to address the problems and as a result, risk analysis results are understand that are related to the future state.

4. Define Change Strategy: The purpose of the define change strategy is to develop and select the approaches to the change. For this strategy, the description of the current state and the future state is required as well as the results of the risk analysis is required for an output.


Comments

  1. Sukhpreet Singh13 February 2020 at 19:41

    Current state analysis is a process in which all the ongoing tasks within the department are evaluated.
    While defining the future state possible results of the prepared strategies are described.
    Assess risk is the type of risk management strategy in which the description of the result is used to reduce the losses as much as possible and increase the chances of success.
    Current, future state analysis and risk assess is used to make the whole organization ready for the change which is to be applied in the business processes.

    ReplyDelete
  2. Kerone Barnett14 February 2020 at 21:02

    Chapter 6

    This week’s blog focuses on Strategy Analysis. Strategy Analysis is defined as the process of developing strategy for a business by researching the business and the environment in which it operates. As already explained by this week’s lead blogger, Kiran, strategy analysis examines a company’s current state and seeks to predict its future/ desired state. Using various techniques to assess its current state, the company looks at its business needs, its culture, its capabilities and its infrastructure. The company also examines its internal and external operating environment for relevant influences on its business decisions.

    The assessment of the current climate is then compared to the company’s desired or future state, taking into consideration the business goals and solutions, the relevant internal and external influences and business constraints and risks. From this process, a change strategy is then developed and implemented within the company to gain competitive advantage or simply to improve a company’s viability and profitability.

    Source: http://www.businessdictionary.com/definition/strategic-analysis.html

    ReplyDelete
  3. Karandeep singh18 February 2020 at 09:52

    Asses Risks - The collection of risks is used as an input for selecting or coordinating a change strategy. A risk assessment can include choosing to accept a risk if either the effort required to modify the risk or the level of risk outweighs the probable loss. If the risks are understood and the change proceeds, then the risks can be managed to minimize their overall impact to value.

    ReplyDelete

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