Five Effective Business Analysis Techniques

The term business analysis refers to the discipline of identifying needs within a business, and determining the appropriate solution.

These solutions may include changes in the organization itself, strategic development or development of new policies. The person who takes on the responsibility of business analysis is called a business analyst.

When the time inevitably comes for some sort of change, the business analyst has several techniques at his disposal. Precisely which techniques are used will depend on the nature of the problem, and the scope of the solution. Here are five that are used successfully by business analysts to help solve an array of different problems.

MOST

The MOST technique is an internal analysis. It contains four attributes that are defined by the business analyst to ensure the project you are working on is aligned and on track. These attributes are as follows:

Mission (where the business intends to go) Objectives (the key goals that will help achieve mission) Strategies (the different options for moving forward) Tactics (how the different strategies are put into action)

PESTLE

The PESTLE technique is an external analysis designed to examine the many different external elements affecting a business and its operations. It includes six attributes:

Political (Current and future political influences) Economic (The local, national and world economy impact) Sociological (Different ways society can affect an organization) Technological (The effect of new and emerging technology) Legal (The effect of national and world legislation) Environmental (Local, national and world environmental issues)

CATWOE CATWOE is a technique used to encourage critical thinking about what the business is trying to achieve. There are six different elements included in this technique: Customers (who benefits from the highest level business process and how does the issue affect them?) Actors (who is involved in the situation? Who is implementing solutions? What will impact their success?) Transformation Process (what processes or systems are affected by the issue?) World View (what is the big picture and what are the wider impacts of the issue?) Owner (who owns the process or situation being investigated and what is their role in the solution?) Environmental Constraints (what are the limitations that will impact the solution and its success?)

SWOT

A SWOT analysis is used to give a more complete overview of both internal and external factors affecting a business. There are four attributes to SWOT:

Strengths (examine advantages and what is done well within the company) Weaknesses (examine the disadvantages and areas that need improvement) Opportunities (examine opportunities for improvement in all areas, including market share) Threats (examine the obstacles the business faces in accomplishing their goals)

FIVE WHY’S

The Five Why’s technique is used to help get to the root of any given problem within the business intelligence. It is a question asking method to examine the cause and effect of a particular situation.

You will start with a problem, such as “my car won’t start,” then ask a succession of why questions until the root of the problem is uncovered and a solution is evident.

Business Analysis can be a complex and intricate process. Within this broad spectrum lie several sub-disciplines, roles and even more techniques.

All businesses encounter situations and problems that need attention to help keep them moving forward. With a skilled business analyst employing the right techniques, a solution won’t be far behind.

Market leader in providing a new generation of predictive, business analytics software and services that create true business intelligence. Offering masterful tools in financial management, information analysis, and collaborating business statistics.

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The Internet And Its Effects On The High Street

Search engine optimisation is constantly moving at an astounding rate. All of the search engines are always updating their algorithm to try to give their users the best possible results.

There are two basic views that people share on the way search engine optimizers are adjusting their web sites to get in the way of qualified traffic, and they are that it is a fair way of manipulating search results, and second is simply that it is an unfair way of manipulating results.

In truth, if SEO didn’t exist to adjust websites so that they’re readable by the search engines, then the search engine results you would get a lot less organised and all over the place really. Search engine optimizers are necessary to ensure that the most qualified websites rise to the top. 9 out of 10 web designers don’t know how to make a website rank well in search engine results. They tend to miss all the key on-page criteria that SEs look for and so a well built, all-singing all-dancing expensive website will most of the time be doomed to float around among the masses of other websites that will never be found, or to sit in a pay-per-click listing for the rest of its life.

I see so many clients who are sold expensive websites as the answer to their dreams, when it truth they are nothing of the kind. I see so many clients who wish they had spent thousands less on the design so that they could spend it on SEO instead.

Common sense will tell you that there’s no point in having a website that no one can find. Even in these harsh economic times as turnover is dwindling and profits are all but gone, the forward thinking website owners will look to increase their market share by either starting an SEO campaign or adding new keywords to their current campaign. There are still buyers out there to be had, but they are simply shopping more cautiously and in fewer numbers, but what you as a site owner, you need to ask yourself is, are you going to be proactive and move forward to take your share of the market, or will you hang back and end up as another failure statistic?

As more traditional forms of trade begin to suffer, online sales increased during the Christmas 2008 period by over 25% on 2007. Some companies are making money by embracing new technologies and moving with the times, others are going to fail if they don’t evolve successfully to meet the needs of the 21st century consumer.

I think it is unfortunate, but the Internet will kill the British high street, and in the fullness of time, the retail park too. More and more, bricks and clicks retailers are seeing theirs shops used as fitting rooms for an online purchase at a later date. To a certain extent, we as people are shooting ourselves in the foot somewhat as once the shops are gone we will have to manage with just the virtual world to shop in…….. which isn’t the same experience at all.

SEO will be brought into common light by retailers having to save money while increase turnover at the same time. This year is going to be interesting as I think we are bound to see more big names bite the dust along with MFI and Woolworths. The question is though, what will you do ensure you keep your market share in 2009 and will it be enough?

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Benefits Of Three Way Linking

t is no secret in the online world that in order to get a high profile for your site and for lots of new people to see it, it has to have lots of links pointing at it from other sites that are seen as valuable by search engines.

Links can be gathered using many different methods and some are worth more than others. One of the least effective ways of building links is reciprocal linking which is where two sites simply exchange links with one another. This method was effective once upon a time but its day has been and gone now.

The reason that these links aren’t worth a great deal anymore is because what search engines like Google like to see is links building naturally as more and more people find your site, but if sites are both linking to each other, then the search engine can see that an arrangement has taken place to try to gain links faster, and therefore the links aren’t natural.

These links are not completely worthless though. They still have some value because sometimes it would be natural for two sites to links to each other, like a shop and their supplier. This would probably however be worth more than any old reciprocal link because the websites would most likely have similar themes; therefore the links would be valued higher than two relatively random sites linking to each other.

One way links are therefore the links that are preferred method, but you will still have to give people something in return for them to give you a link without you linking back. And so 3 way links were born, but in order to make 3 way links work, either you, or the person you’re linking with has to have two sites.

The 3 way link model is essentially this: site a places a link to site b, site b then places a link to site c, and if you want to, site c can then link back to site a. This method creates unprompted one way links in the eyes of the search engines that appear completely natural, and therefore will be more valuable.

For example, say you owned site A and site C and you wanted to get a link for site C, you would simply use site A as somewhere to offer a link from and in exchange, the other person would link to site C, meaning that their site becomes site B in the model. This strategy will do you far more favours than reciprocal linking, but when used alone you will probably make fairly slow progress, however when you use it alongside some other methods (which I will go into in my next article) it is highly effective.

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The New Age of Internet

In much the same way as the industrial revolution changed the financial landscape of the developed world, the past few years has seen the gathering pace of the latest revolution to affect our world. This time however, the benefits are not limited by accessibility in the same way that used to exist.

It was very difficult to begin competing nationally before the Internet, let alone globally. This was because there were no affordable methods of advertising. You could have had a TV or radio ad, which would have been very expensive. Magazine advertising would have only appealed to a niche market, and ads in national newspapers are also very expensive. Despite the cost, before the explosion of the Internet, these were all reliable and effective ways of attracting business.

At several points throughout history, the organisations that adapt to changes in technology the quickest and the most effectively, thrive where others fall. In many cases, the way has been led by pioneers. Henry Ford is a prime example, he nearly invented the mass production line on his own, and in doing that, cut his expenses, vastly improved the consistency of product quality, and created a huge advantage over his competition.

The difference between the companies that adopt new technologies and those that are set in their ways is often profound. Now that is more true than ever as the opportunities for advancement come at an alarming rate.

The wall that had previously blocked potential entrepreneurs from fulfilling that potential has been removed by the Internet. Many good business ideas went to waste because of the lack of financial backing, but all that has changed with the arrival of the Internet.

Instead of an advertising campaign for a product costing tens or hundreds of thousands of pounds, an efficient sales funnel website correctly optimized for Google and Yahoo will attract thousands of potential customers who are already pre qualified to buy from you, for a fraction of the investment. A good website and a couple of years Search Engine Optimization can be bought for less than 5,000 – 10,000 and will be seen by potentially billions of people.

The Internet is still only starting to fulfil it’s potential, it still has a lot more growing to do yet. 98% of online data is unreadable to search engines and is therefore inaccessible to most Internet users. Search engine optimisation is only just reaching public awareness and when it catches on and people start realising what their site really can achieve, what will the Internet be like in years to come?

The companies that embrace the technology now and use it to their advantage will be the companies who are sitting on top of the pile in a decades time.

The Internet is a truly great leveller, allowing virtually anyone with a good idea and a few pounds for a website to develop a service or a product and to sell it worldwide.

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