About This Chapter
Types of Business Analysis - Chapter Summary
Employees who review the material presented in this chapter will learn about some of the quantitative and qualitative ways businesses can be analyzed and how these analyses can be used to make effective, informed business decisions. A few of these analyses include the:
- 5 Whys analysis
- Business needs analysis
- MoSCoW method of business analysis
- Gap analysis
- PESTLE Analysis
- Stock market technical analysis
- VPEC-T business analysis
These lessons also come with short assessments that can be used to assess how well individuals understand the information presented in them. If your employees have questions about any of the topics covered in a lesson, they may ask our professional instructors for assistance via the 'teacher tabs' of the lessons.
How It Helps
- Builds awareness: Employees who review these lessons will be more aware of the different types of business analysis techniques and how they are used to make business decisions.
- Teaches analytical skills: These lessons will help individuals learn and develop analytical skills they can use in the business.
- Improves efficiency: Being knowledgeable of the different types of business analysis techniques and how to implement them should allow for an increase in efficiency.
By the end of this chapter, employees will be able to:
- Use analyses to determine business needs
- Analyze portfolios
- Interpret performance and environment analyses
- Understand systems analysis
- Analyze customer requirements
1. Quantitative Analysis for Business Decisions
Quantitative analysis used for business decisions is based purely on data. In this lesson, we will discuss the importance of quantitative analysis for making business decisions.
2. Qualitative Analysis Business Decisions
Do you want to know how qualitative analysis can help benefit your company? We will learn how qualitative analysis helps determine management quality, brand awareness, and customer satisfaction.
3. 5 Whys Analysis: Template & Overview
The 5 Whys system is a common technique used for root cause analysis. This lesson will provide an overview of the 5 Whys analysis and include a template so you can conduct your own analysis.
4. Business Needs Analysis
Business needs analysis is a valuable analysis tool companies use to determine the needs of the business. A needs analysis is often used to understand an issue or opportunity and begin to formulate resolution ideas.
5. Business Impact Analysis: Template & Example
How do you rebound from a business disaster? That's one of the things a business impact analysis can tell you. In this lesson, you'll learn more about this type of analysis and find a template to create your own.
6. MoSCoW Method in Business Analysis: Examples
This lesson explains the MoSCoW method and its use in business analysis to develop common priorities and expectations of an agile project with its stakeholders. This lesson also discusses the collaborative environment created around MoSCoW projects.
7. Using Regression Analysis in Business
Statistical analyses and models, like regression analysis, can be extremely helpful when businesses need to forecast their financials and product demand. In this lesson, we'll learn how regression analysis can help accomplish these goals.
8. Business Portfolio Analysis: Definition & Examples
Companies need to know how well they're doing: it helps them determine where to make changes and determine if they're doing a good job competing with others in the industry. In this lesson, we'll learn how a company determines their performance.
9. Business Performance Analysis: Reports & Tools
There are a number of tools available to analyze business performance and generate informative reports about a business. This lesson explores those tools and reports and their use in business analysis.
10. Business Environment Analysis: Internal vs External
The internal and external environments have different impacts on your business. The lesson discusses what to look for when doing internal and external analyses and what a business can gain from doing these analyses.
11. What is Business Environment Analysis Report?
When running a business, owners and managers need to know both the internal and external strengths and weakness of their operations and enterprises. In this lesson, we'll discuss the business environmental analysis report, which examines external factors that impact a business.
12. Gap Analysis: Definition & Tools
In this lesson, you'll find out about gap analysis and how businesses and other organizations use it. You'll also follow the four steps of the gap analysis process from start to finish and learn about two tools used in business analysis.
13. Gap Analysis: Process & Documentation
Are you trying to figure out how to get where you want to be from where you currently are? A gap analysis may be the answer. In this lesson, you'll learn more about the gap analysis process and how to document the journey.
14. What is PESTLE Analysis? - Definition & Examples
How do you keep ahead of your competition and identify the risks or benefits of operating in a particular environment? This lesson will discuss how you can use PESTLE analysis to consider how external elements are affecting your company.
15. What is Stock Market Technical Analysis?
Technical analysis is a method for predicting security prices based on the volume and price of the security. While there are other ways to analyze securities, technical analysis is common.
16. Service Business Analysis: Definition, Sample & Plan
What is a business analysis, and why is it important for the success of a business enterprise? What are the specifics of a service business analysis, and how does a service business plan and analysis differ from other types of business analysis and plans?
17. Systems Analysis & Design in Business
The process of systems analysis and design involves analyzing information systems to meet a set of particular needs. This course explores how systems analysis and design is used in business. Read on to learn more.
18. VPEC-T Business Analysis: Overview & Examples
VPEC-T business analysis is a methodology that is used to translate complex business and technology requirements among IT systems stakeholders. The purpose of this lesson is to provide an overview of this strong communications tool.
19. What is Big Data Analytics? - Definition & Examples
Companies often have an abundance of data to comb through. It can be difficult to know how to interpret all of that data. One method that has helped make that task more manageable is using big data analytics. Let us take a look now!
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