Essays on Business Analysis Process over the Last 30 Years Essay

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The paper "Business Analysis Process over the Last 30 Years" is a great example of an essay on business. The genesis of business analysis has therefore been inspired by the changing customer needs and the need for organizations to remain sustainable in their market niche. The role of business analysis is thus to identify the options available for problems that the business faces and the future expectations of the business and develop a comprehensive solution strategy for all these business needs. Some of the common solutions for the business needs including but not limited to the following areas; process implementation, policy development, strategic planning, system improvement, and organizational change.

Additionally, the main focus of the business analysis process is to identify necessary changes for the organization that are vital for it to attain its fundamental goals. There are a number of techniques available for the business analyst to utilize in developing necessary organizational change. These techniques fundamentally address both internal and external challenges and advantages that the business has. Internal factors include strengths and weaknesses of the business while external factors include threats and the opportunities that the business has.

The most basic technique used in business analysis is SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats); the other techniques relevant are PESTLE (Political, Economical, Sociological, Technological and Environmental) and MOST (Mission, Objectives, Strategies, Tactics) among others. The development of business analysis has been fostered by two major things over the last thirty years; customer behavior due to changes in needs and technological advancement that has increased both the market scope and competition as well. This analysis, therefore, focuses on the development of business analysis in the light of organizations over the last thirty years and the future expectations of business analysis as these two major factors continue to change.

Notably, most organizations have integrated information systems into their organizational structure in order to leverage the efficiency of technology while other organizations have slowly adopted technology over time as the cost of obtaining technology continues to drop.

References

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Carbonell, P & Rodriguez, I 2006, The impact of market characteristics and innovation speed on perceptions of positional, Journal of Research in Marketing, vol.23 no. 1, pp. 1-12.

Cummings, TG & Worley, CG 2008, Organization development & change, Cengage Learning, Sydney

Forbes, DP 2005, Managerial determinants of decision speed in new ventures, Strategic Manegement Journal, vol. 26, no, 3, pp 355-356.

Gitman, LJ & McDaniel, C 2008, The Future of Business: The Essentials, Cengage Learning, Canberra.

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