Forums for the Business Analyst

 
  Modern Analyst Forums  Business and Sy...  General  A thing or two about strategic (or enterprise) analysis
Previous Previous
 
Next Disabled
New Post 8/6/2018 3:55 AM
User is offline Kirill B.
1 posts
No Ranking


A thing or two about strategic (or enterprise) analysis 
Modified By Chris Adams  on 8/6/2018 11:39:32 AM)

Hi there,

I’d like to dwell upon on such an area of Business Analysis as strategic analysis because it’s often both misinterpreted and misunderstood. This may help dot the i's and cross the t's on the subject.

Strategic analysis requires the examination of a business from different perspectives. We should strategize things like:

  • The marketplace itself and customers with their specific needs;
  • Partners and suppliers and other external factors;
  • Value proposition;
  • Internal infrastructure, including capabilities, resources and activities (these could sometimes be referred to as a broader enterprise architecture discipline);
  • Channels of sales, delivery and support;
  • Mid- and Long-term business goals.

After proper analysis has been done, business analysts should present stakeholders with their change strategy, explaining how to get from the current state (as-is) to the desired future (to-be). The emphasis is on the how.

We often use cost-benefit analysis to justify investments needed to reach that desired state.

When conducting cost-benefit analysis, business analysts develop a business case and try to come up with a recommendation to the key decision-makers to take a particular course of action based on the findings. Such a recommendation is supported by an analysis of benefits, costs, and risks of realistic alternatives, as well as an explanation of how they can best be implemented.

The practitioners may use a combination of standard elements to construct a business case. These elements include, but not limited to:

  • An underlying financial model with its assumptions and measures;
  • Benefits that can be achieved by implementing the initiative;
  • Capital expenditure, or CAPEX, which in general represents assets and spending that are above the capitalization limit and a subject for deprecation;
  • Operational expense, or OPEX, that is maintenance and ongoing costs and spending below the capitalization limit.

In the end, a well-defined change strategy should be formulated by taking the following three things into account:

  • Organizational readiness to make the change;
  • Time frames to make the change and for value realization;
  • Alignment with business goals.

To present the overall plan in a nice and tidy way, the practitioners often make up a roadmap as a visual executive summary of the change strategy which includes of all the initiative to take.

 

 
Previous Previous
 
Next Disabled
  Modern Analyst Forums  Business and Sy...  General  A thing or two about strategic (or enterprise) analysis

Community Blog - Latest Posts

Ann P
Ann P
What’s the difference between ECBA CCBA and CBAP Certification? Which certification should I pursue ECBA CCBA or CBAP? How do I know which certification is right/suited for me? There are so many certifications I am completely confused which one to pursue? Can you please guide me on which certification should I go for?   These are s...
1 Responses
Simona from Minit
Simona from Minit
Process mapping vs. process discovery is akin to perceived reality vs. reality; the former rooted in subjectivity, the latter rooted in verifiable data. Elements of process mapping creep into process discovery, restricting an absolute dichotomy between the two. However, the critical differentiator between mapping and discovery lies in the distincti...
0 Responses
Byy
Byy
What is Workflow Automation? As we are in a digital age, automation is everywhere in everyday activities and surroundings. This digital transformation impacts the value chain, the product/services portfolio, development and engineering, all the way to distribution, sales channels and customer relationships. Workflow automation replaces manual...
0 Responses




Latest Articles

Lean-Agile Bath Remodel Project
Aug 12, 2018
0 Comments
The purpose of this article is to cite an example of using Lean-Agile project management for a small home construction project – a bathroom remo...
Featured Digital Library Resources 
Copyright 2006-2018 by Modern Analyst Media LLC