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.

http://www.iiba.org/Careers/What-is-Business-Analysis.aspx

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


http://www.bridging-the-gap.com/business-analysis-process/


UC Berkeley Extension course in Business Analysis

Course Page

McGill Business Analysis Course

https://www.mcgill.ca/continuingstudies/programs-and-courses/business-analysis

ACCA Course - Syllabus

http://www.accaglobal.com/us/en/student/exam-support-resources/professional-exams-study-resources/p3.html

http://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p3/studyguides/p3-sg-sept17-jun18.pdf

Resources for Business Analyst - BA Times

https://www.batimes.com/articles/defining-a-business-analysis-operating-model.html

https://www.batimes.com/articles/maturing-a-business-analysis-practice-operating-model.html


Thursday, January 26, 2017

Design Thinking for Managers



Design Thinking can do for organic growth and innovation what TQM did for quality.


10 tools that you can combine with traditional business thinking that will enhance your ability to profitably grow your business.


10 Tools

Visualization

Journey Mapping

Value Chain Analysis

Mind Mapping

Brain Storming

Concept Development

Assumption Testing

Rapid Prototyping

Customer Cocreation

Learning Launch

Source

Ten tools to help managers to think creatively - Jeanne Liedtka
http://lockwoodresource.com/ten-tools-to-help-managers-think-creatively-by-jeanne-liedtka/

Design Thinking - Talk by Jeanne Liedtka
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Book

Designing for Growth: A Design Thinking Tool Kit for Managers

Jeanne Liedtka, Tim Ogilvie
Columbia University Press, 2011 - Business & Economics - 227 pages

Jeanne Liedtka and Tim Ogilvie educate readers in one of the hottest trends in business: "design thinking," or the ability to turn abstract ideas into practical applications for maximal business growth. Liedtka and Ogilvie cover the mind-set, techniques, and vocabulary of design thinking, unpack the mysterious connection between design and growth, and teach managers in a straightforward way how to exploit design's exciting potential.

Exemplified by Apple and the success of its elegant products and cultivated by high-profile design firms such as IDEO, design thinking unlocks creative right-brain capabilities to solve a range of problems. This approach has become a necessary component of successful business practice, helping managers turn abstract concepts into everyday tools that grow business while minimizing risk.

Google Book Link
http://books.google.co.in/books?id=HIxh2_ExnXMC

Jeanne Liedtka, "Learning to use design thinking tools for successful innovation", Emerald 39, (2011)





Related Articles

The Highs and Lows of Design Thinking
http://www.metropolismag.com/Point-of-View/July-2013/The-Highs-and-Lows-of-Design-Thinking/

Why design thinking doesn't work in schools
http://onlinelearninginsights.wordpress.com/2013/08/06/why-design-thinking-doesnt-work-in-education/

http://lockwoodresource.com/insight/design-thinking/

Updated 29 January 2017, 30 August 2013