Business Analysis Frameworks for Beginners

Explore the business analysis process to identify problems, stakeholders, and objectives, and evaluate options using swot analyses, smart goals, benchmarking, and cost-benefit analyses, then plan delivery and requirements.

Explore the pestle analysis framework for political, economic, social, technological, environmental, and legal factors. Follow its three-step process to identify relevant factors, categorize data, and draw conclusions.

Explore Porter’s five forces framework to analyze industry competitiveness, covering industrial rivalry, supplier power, buyer power, threat of substitutes, and threat of new entrants.

Use the stakeholder wheel technique to map internal and external stakeholders, identify their needs, and align actions for owners, managers, employees, regulators, suppliers, partners, customers, and competitors.

Categorize stakeholders by power and interest with the power/interest matrix to guide engagement, monitor, inform, engage closely, and keep them satisfied.

Identify internal strengths and weaknesses and external opportunities and threats with SWOT analysis, using the VRIO framework to evaluate resources and Pestel and Porter's five forces to inform decisions.

Explore how a local coffee shop named Tondra analyzes strengths like service quality and culture, and addresses weaknesses such as manual operations and weak online presence via SWOT.

Explore how the TOWS matrix extends SWOT by linking internal strengths and weaknesses with external opportunities and threats. Identify four strategies from combinations of strengths, weaknesses, opportunities, threats.

Explore what goals are and how to set them using the smart goal setting technique, focusing on specific, measurable, achievable, realistic, and time-bound criteria with guiding questions.

Learn to use the smart goal setting template to identify and refine goals through specific, measurable, achievable, relevant, and time-bound criteria, illustrated with ecommerce and writing examples.

Compare your organization's processes to industry standards to identify performance gaps, gain a competitive advantage, and drive efficiency, effectiveness, and growth across sales, manufacturing, and service.

Identify what to benchmark, gain executive approval, and follow a structured process to compare performance, close gaps, implement initiatives, and repeat benchmarking across internal and external contexts.

Complete business analysis frameworks for beginners to obtain your certificate via Udemy after finishing lectures, engage in the question and answer section, leave a review, and explore other courses.