In the world of business, competition has been changed, instead of concentrating on products and services focus has been stressed more to deliver value to the targeted audience. Doing a business needs skills and new ideas to attract the customers. Business activities are important and must be executed to meet the objectives.Businessneedsmustbe identified on timely basis and proper solution to the needs identified should be recommended to provide value to the share holders which is being done through business analysis.
Procedure: A well mannered approach being followed while introducing new things or while adopting change in business concern where it may be a profit oriented firm or non profit based or government agencies. The main motive of business analysis is to find out the needs of a businessand follow the change in the functioning of the business and finds the room to facilitate the change as and when required. In the process of finding out the requirements, the same should be verified whether the needs are feasible and even constraints relating to environment should also be identified and by taking strengths of the business into consideration proper solution should be recommended.
Assessment: Every organization needs to do a shelf assessment of the business as majority of problems, such as requirements, effort issues may cause huge loss and sometimes may result in shutting down the business. Now what a business concern is supposed to do to solve the problem. Some may follow the same techniques again and again and end up in getting the same results. The thing is they should focus on the issues in a different way concentrating on the basic causes and poor requirements and other things which are not addressed can be addressed through analysing, and apt solutions may helpin achieving business goals and objectives.
Analyzation: Analysing involves certain criteria to be observed in a business.companies should analyze the purpose of their existence. They should clearly have an idea of why they are here and for what motive they are here. They have to find answers to these questions. Thefunctioning also plays a key rolehow it works on a daily basis is really matters for a concern. Determine the goals and objectives and efforts should be taken to accomplish the same. One should try to adapt to the change which is required and implement the change to attain better results and to accept new challenges.
Every business has its own strengths, weaknesses, opportunities and threats. The company should be able to know what are their strengths, Customers, stakeholders, the products, the brand all these may be considered while analysing the strengths. Weakness may include competitors and other requirement needs which should be taken into consideration and in the similar way identify what are the opportunities available and threats related to climate, competition, should be evaluated and by analysing the SWOT proper solution should be framed and the solution should be verified whether the same can be implemented to attain best result beyond all the constraints and then the solution should be recommended to follow for better growth.
Performance: Analyses requires knowledge, tools and techniques to perform the same. Initially background information related to the business should be gathered and the stake holders, may include target audience should be identified as they are so important to deliver value and prepare the business objective and find the options to reach the business objective and prepare the delivery plan and the project needs and support system to solve the needs. Better results can be attained with the above techniques.