Saturday, January 28, 2017

Business Analysis - Introduction

In Harvard case study method, it is being emphasized that cases are to be analysed and decisions have to be taken by the students based on the facts presented in the case. No doubt it implied that decisions are taken using the theories of business (successful conduct of the business). What is unique about the case study method is that students have to apply multiple theories to the facts given in the case and come out with a decision. Then they have to present their decision to other students in the class and get their concurrence for the decision taken. This exercise of presenting the decision and making efforts to convince them with the facts of the case and the analysis and synthesis made to arrive the at decision will improve people interaction skills that includes communication skills.

Hence, as part of business administration course business analysis has to be done to take decisions to solve various business problems or to take advantage of various business opportunities.

Now, we have International Institute of Business Analysis offering courses and certification in business analysis.

What is Business Analysis?

Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders.

Business Analysis Helps Businesses Do Business Better

Business analysis is used to identify and articulate the need for change in how organizations work, and to facilitate that change. Business analysts  identify and define the solutions that will maximize the value delivered by an organization to its stakeholders. Business analysts work across all levels of an organization and may be involved in everything from defining strategy, to creating the enterprise architecture, to taking a leadership role by defining the goals and requirements for programs and projects or supporting continuous improvement in its technology and processes.

The value of business analysis is in realization of benefits, avoidance of cost, identification of new opportunities, understanding of required capabilities and modeling the organization.

Learn more about:
Business Analysis: The Evolution of a Profession

Business Analysis: The Foundation for Business Success

Business Analysis Process

UC Berkeley Extension course in Business Analysis

Course Page

McGill Business Analysis Course

ACCA Course - Syllabus

Resources for Business Analyst - BA Times

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