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Ch 5: Business Analysis Overview

About This Chapter

In this chapter, you will have the opportunity to learn more about the ways in which businesses are evaluated using financial and other data. Use these lessons as supplemental study aids for a business or accounting course or to help you prepare for various types of academic exams.

Business Analysis Overview - Chapter Summary

From business analysis methods to improvement strategies, this chapter will guide you through various processes used to evaluate business performance and to help develop effective business strategies. You will review systems, methods and analytical tools employed in the process of determining if businesses are meeting their goals, making profits and maintaining quality management standards.

You will learn how these tools and methods are applied in areas of supply chain performance, accounting, finance and business information systems. Once you have completed your study of this chapter, you should be able to do the following:

  • Apply business analysis techniques to evaluate and change business processes
  • Identify types of financial data and apply financial ratio analyses
  • Discuss ways in which profitability, liquidity, efficiency and stability are measured
  • Calculate key performance indicators in supply chain performance
  • Define stocktakes and describe the impact they have on accounting records
  • List the five principles of Total Quality Management and describe quality management systems
  • Provide details and examples of performance goals
  • Describe business strategies used in areas of information systems and profitability and liquidity improvement
  • Understand and interpret bar graphs, pie charts and visual representations of data sets

In each lesson, you'll get expert instruction and detailed definitions and examples to ensure that you develop a full understanding of every concept. Access these video and text lessons at any time, on any device so that making a study schedule is easy and convenient. After each lesson, test what you have learned with a self-assessment quiz to determine your mastery of this material or to realize your need for further review.

11 Lessons in Chapter 5: Business Analysis Overview
Test your knowledge with a 30-question chapter practice test
What Is Business Analysis? - Process, Methods & Example

1. What Is Business Analysis? - Process, Methods & Example

In this lesson, you will learn how companies use the concepts of business analysis to resolve problems and change business processes. We will also learn about specific methods and techniques that can be used when conducting a business analysis.

What Is Financial Data? - Definition & Concept

2. What Is Financial Data? - Definition & Concept

Financial data provides the fundamental building blocks for sound business analysis. In this lesson, you'll learn about some of the primary types of financial data used by managers, investors, and regulators in analyzing a company. A short quiz follows the lesson.

Defining and Applying Financial Ratio Analysis

3. Defining and Applying Financial Ratio Analysis

In this lesson, we'll define financial ratios. You'll learn the three main categories of financial ratios, and we'll show an example of each. We'll also discuss an analysis of each example.

Measuring Supply Chain Performance: Key Performance Indicators

4. Measuring Supply Chain Performance: Key Performance Indicators

A big part of supply chain management is understanding how your company is performing. In this lesson, we'll discuss some key performance indicators for supply chain management, including what they are and how to calculate them.

Five Principles of Total Quality Management (TQM)

5. Five Principles of Total Quality Management (TQM)

Total quality management (TQM) is achieved and becomes part of the overall organizational culture when the five principles - produce quality work the first time, focus on the customer, have a strategic approach to improvement, improve continuously and encourage mutual respect and teamwork - are practiced by all employees.

What Is Quality Management System? - Definition & Examples

6. What Is Quality Management System? - Definition & Examples

Even if a company isn't concerned about producing a world-class product, quality still needs to be a primary goal. In this lesson, you'll learn about quality management systems - what they are, how they work, and why they are so important.

What are Performance Goals? - Definition & Examples

7. What are Performance Goals? - Definition & Examples

Learn what performance goals are and how they are vital to your job success. Find out the keys to setting effective SMART goals, and see a few examples of how these goals can be written.

Business Strategies: Market Advantages Provided by Information Systems

8. Business Strategies: Market Advantages Provided by Information Systems

What business strategies might an information system use? We'll take a look at the concepts of business process modeling, process re-engineering, total quality management and competitive advantage and see how they relate to information systems.

Interpreting Graphical Representations

9. Interpreting Graphical Representations

After watching this video lesson, you will be able to quickly and easily read and interpret any line and bar graph. You will be able to gather important information by just looking at one of these graphs.

Visual Representations of a Data Set: Shape, Symmetry & Skewness

10. Visual Representations of a Data Set: Shape, Symmetry & Skewness

Visual representations are a fantastic way of understanding and analyzing your data. Use this lesson to understand the characteristics of visual representations of data.

Understanding Bar Graphs and Pie Charts

11. Understanding Bar Graphs and Pie Charts

In this lesson, we will examine two of the most widely used types of graphs: bar graphs and pie charts. These two graphs can provide the reader with a comparison of the different data that is displayed.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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