Organizations tend to develop “blind spots” that prevent internal leadership teams from seeing the best approach to overcoming a challenge. Business analysis studies the people, processes, resources and systems that comprise a business and observes how they interrelate. Business analysis also examines the ecosystem outside of the business, such as its customers, partners, vendors and competitors. The process usually uncovers non-obvious approaches to accomplishing goals and breaking through performance barriers.
There are different reasons for conducting a business analysis; here are a few common ones.
- Process improvement—reducing delivery cost and time by eliminating redundancy
- Preparing a business for sale or merger
- Assessing the viability of a new strategy or product line
- Making technology decisions—evaluating the capability of the current infrastructure against projected future demand
- Implementing significant changes to your service delivery model
- Pursuing a new market or expanding into new territory
- Solving a difficult operational or marketing problem
- Risk management—identifying latent threats or risks and developing strategies for managing them
Give us a call today so that we can learn more about your business challenges and discuss how a business analyst can illuminate the shortest path to a resolution.