Role of strategy analysis in Business Analyst Life
Analysis is everywhere, in our
daily life we do the analysis in our sub conscious layers of brain.
Here Strategy
analysis where important as Business Analyst to understand the business case
and industry where our client-in. Understanding and creating the strategy is
not such a simple as we think. For that need to follow some of the thumb rules
and theories which proposed by the economist by spending in too much research
on the analysis of strategies.
Working out what all this means
for Business Analyst
· Understanding what strategy is and why it is
important- the assumption being that strategy is important.
·
Exploring some ideas about how strategy is
developed.
·
Implementing strategy
What is strategy?
The
concept of strategy begins in a military context and the word ‘strategy’ is
derived from the Greek word strategia, means ‘generalship’. Using tactics to
defend the opposition or competitors and turn the environment into our side.
·
The goal or mission of the business
·
The time frame
·
The organization of resources
·
The environment.
Theories on Strategy developed
for Analysis
Porter’s
five forces model
Balanced Score Card
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