4 thoughts on “Chapter 6: Strategic Analysis

  1. In business, a change management strategy describes specific ways in which an organization will address such things as changes in the supply chain, inventory requirements, scheduling or project scope. The goal of establishing a formal strategy is to ensure that any negative effects of change will be minimized. To effectively institute a change management strategy, stakeholders must create a plan for how to recognize when a change is need, how to approve changes, how to implement changes and how to monitor changes to ensure they have brought about the desired effect.
    By: Haoyan Yin

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  2. Business Needs
    The business needs refers to the problems and the opportunities of the situations faced by the organization many times. There are many issues faced by the organization some of many have the relation with customer, supplier ,competitors and the new opportunities in the market for the growth purpose which all needed to be worked on and have to be evaluated and analysed which make sure about the growth in the organization.

    This is possible at many different positions and different levels in the organization

    From Top-down: The setup goals which are important to achieve in the life.

    From bottom-up: The coming problem which are in the working process and the system in the function.

    From middle management: To achieve the goals the manager needs to perform some of the specific purpose in the decision making process and make sure the things are working in the order its need to be work on.

    From the external drives: the external forces plays an important role like customer demand the competitors and the other important elements in the market place.

    By: Sachin Chopra
    Source: LIBA. (2015). Guide to the business analysis body of knowledge: BABOK guide. Toronto: Ontario.

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  3. Core Concept Model for Strategic Analysis
    By: Mark Stabile

    Strategy is often defined as the most effective ways to apply the capabilities of an organization in order to reach a desired set of goals and objectives. Strategies may exist for the entire organization, for a division, department or region, and for a product, project, or iteration. This typically includes business analysis that must be performed to collaborate with stakeholders in order to identify a need of strategic or tactical importance, enable the organization to address that need, and align the resulting strategy for the change with higher- and lower-level strategies. This requires a Business Analyst to use core models when considering strategic outcomes and one needs to address these areas if you want a comprehensive approach will include the following:
    Change: the act of transformation in response to a need.
    Need: a problem or opportunity to be addressed.
    Solution: a specific way of satisfying one or more needs in a context.
    Stakeholder: a group or individual with a relationship to the change, the need, or the solution.
    Value: the worth, importance, or usefulness of something to a stakeholder within a context
    Context: the circumstances that influence, are influenced by, and provide understanding of the change.

    Citation:
    LIBA. (2015). Guide to the business analysis body of knowledge: BABOK guide. Toronto: Ontario

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  4. Assess Risks:

    Purpose: The purpose of Assess Risks is to know about the results of internal and external forces on the enterprise during a transition to, or once in, the future state. That results and understanding of those potential impact are used to make decisions for the course of action.
    Description:
    Assessing risks comprise examine and managing them. The risk may be related to the current state, a desired future state, a change itself, a change strategy, or any tasks being performed by the enterprise. The more risks can change the strategy as input. During the assessment of risks if they are not suitable risks can be changed according to the situation. Various methods include ‘positive risk’ as a way of managing opportunities.

    By: Kirandeep Kaur Gill

    Citation:
    LIBA. (2015). Guide to the business analysis body of knowledge: BABOK guide. Toronto: Ontario

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