...BUSINESS ANALYSIS Second Edition Debra Paul, Donald Yeates and James Cadle (Editors) Second Edition BUSINESS ANALYSIS BCS The Chartered Institute for IT Our mission as BCS, The Chartered Institute for IT, is to enable the information society. We promote wider social and economic progress through the advancement of information technology science and practice. We bring together industry, academics, practitioners and government to share knowledge, promote new thinking, inform the design of new curricula, shape public policy and inform the public. Our vision is to be a world-class organisation for IT. Our 70,000 strong membership includes practitioners, businesses, academics and students in the UK and internationally. We deliver a range of professional development tools for practitioners and employees. A leading IT qualification body, we offer a range of widely recognised qualifications. Further Information BCS The Chartered Institute for IT, First Floor, Block D, North Star House, North Star Avenue, Swindon, SN2 1FA, United Kingdom. T +44 (0) 1793 417 424 F +44 (0) 1793 417 444 www.bcs.org/contact Second Edition BUSINESS ANALYSIS EDITED BY Debra Paul, Donald Yeates and James Cadle © 2010 British Informatics Society Limited All rights reserved. Apart from any fair dealing for the purposes of research or private study, or criticism or review, as permitted by the Copyright Designs and Patents Act 1988, no part of this publication may be reproduced, stored...
Words: 16497 - Pages: 66
...Part A - Analyze a business plan I review a business plan ‘quality Training’ and also compare to the business plan given in a text book, As I can seen most of the important topics are missing. According to the text book there is a topic call operations and it has sub topics as well where I can see in this business plan. Also financial plans are not given in this business plan. This business plan outlines strategy for the next couple of years. It may be used to help support an application for business finance or business grants, or it could be just for own use as a roadmap for the growth of business. It explains objectives and the actions required to get small business from where it is now, to where it want to be. This business plans focus, crystallize ideas and identify priorities, saving both time and effort. This business plan will gives some clear sense of direction and a benchmark enabling to measure progress. Be realistic According to this business plan analysis of competitors are clearly explain and the risk and opportunities. However unrealistic sales forecasts could lead to increased overheads followed by a damaging cash flow crisis and drastic cost cutting. It could also damage credibility, because lenders and other interested parties will quickly see through optimistic plans that ignore weaknesses or threats. Be professional Even the plan is intended for internal use only, write and present it as if it’s aimed at an outsider. Put a cover on the plan...
Words: 1353 - Pages: 6
...Business Analysis Part Two MGT 521 October 8, 2012 Business Analysis Part Two The Lockheed Martin (LM) Corporation has just reached a milestone of 100 years of services whereas building relationship as a reputable leader in the industry. The company continues to undertake changes in the past decades despite the troubling business environment. They have continued to record another year of superb financial results through operational guidance and service. Their ability to provide a well-balance company portfolio and support a strategic execution plan has responded effectively to the instabilities within the global market. As LM defines the industry supporting their four primary business segments in the fields of Information Systems and Global Services (IS&GS), aeronautics, space, and electronic systems. The consistently of these programs has allowed LM to be financial stronger in 2011 compared to 2010 with sales reaching to 46.5 billion, representing a two percent increase over 2010, (LM Annual Report, 2011, p. II). LM continues to balance strategically their net cash through operating activities in 2011 to $4.3 billion after the contributions of $2.3 billion to their pension plans supporting their retirement obligations for their employees. The continuing effort of cash deployment has supported their strategic plan for 2011. They had deployed cash supporting shareholders value from cash dividends, and share repurchases of $1.1 billion, and $2.4.billion...
Words: 1188 - Pages: 5
...Doing the right thing— the PwC way Code of conduct Acting professionally. Doing business with integrity. Upholding our clients’ reputations as well as our own. Treating people and the environment with respect. Acting in a socially responsible manner. Working together and thinking about the way we work. Considering the ethical dimensions of our actions. This is the PwC Experience, expressed in our Code of conduct. Clients People and teams We focus on client value We focus on enhancing the value of our people Value We put ourselves in our clients’ shoes We share and collaborate We invest in client relationships 2 Ownership & Accountability We put ourselves in each other’s shoes Robust dialogue Trust-based relationships We share and collaborate We invest in teams and relationships Putting our values in action Our values—excellence, teamwork and leadership Achieve excellence Delivering what we promise and adding value beyond what is expected. We achieve excellence through innovation, learning and agility. Develop teamwork The best solutions come from working together with colleagues and clients. Effective teamwork requires relationships, respect and sharing. Excellence Teamwork Leadership Inspire leadership Leading with clients, leading with people and thought leadership. Leadership demands courage, vision and integrity. 3 Code of conduct PwC1 is one of the world’s pre-eminent ...
Words: 2003 - Pages: 9
...Business Failure Analysis LDR 531/Organizational Leadership Business Failure Analysis Businesses are created with the intention to be successful, achieve goals, and create profits. The continuity of business success depends on the capability to forecast changes on markets and economies, and create a plan to adapt to change, if management failure to forecast changes, the business welfare will be unstable. Blockbuster was a leader on the movies rental business, and failure to reinvent as company, leading to failure. Business Failure Analysis determined Blockbuster’s vision and mission, indicators of the business failure and success from research, how organizational behaviors lead company’s failure, and how the role of leadership, management and culture of the organization in business failure. Business Failure Analysis explained techniques that Blockbuster must used to prevent the impending failure, identified potential barriers during the change process, evaluated the power and political issues within the organization, and described the steps followed to implement the organizational change based on John Kotter’s 8-step plan for implementing change. BUSINESS FAILURE ANALYSIS Blockbuster Inc. was an American-based home movie rental provider, and at its peak in the 2000’s had up to 60,000 employees and more than 9,000 stores. Companies objectives were achieved, become number one movie rental provider in United States of America, and spread their branch thru the world with...
Words: 1013 - Pages: 5
...SUMMARY Over 6 years of Business Analysis experience with in-depth knowledge of business processes in health care, banking and financial industries ▪ Experienced in interacting with business users to identify their needs, gathering requirements and authoring Business Requirement Documents (BRD), Functional Requirement Document (FRD) and Software Requirement Specification (SRS) across the deliverables of a project. ▪ In-Depth Knowledge in facilitating Joint Application Development (JAD), Rapid Application Development (RAD) and Joint Requirement Planning (JRP) sessions, interviews, workshops and requirement elicitation sessions with end-users, clients, stakeholders and development team. ▪ Strong Knowledge with Iterative approach for Software Development as per Rational Unified Process (RUP). Involved in inception, elaboration, construction & transition phases using rational tools like Requisite Pro, Clear Case and Clear Quest during various phases of RUP. ▪ Experienced in Business Analysis, SWOT Analysis, Gap Analysis, Risk Analysis, Disaster Recovery Planning, Testing and Project Planning. ▪ Extensive knowledge of Medicaid, Medicare, Procedural and Diagnostic codes and Claims Process. ▪ Expertise in EDI and HIPAA Testing Privacy with multiple transactions exposure such as Inbound Claims 837-Institutional, 837-Professional, 837-Dental, 835-Claim Payment/Remittance Advise, 270/271-Eligibility Benefit Inquiry/Response, 276/277-Claim Status Inquiry/Response...
Words: 2730 - Pages: 11
...Retail Business Analysis Payless Shoesource, Inc is one of the largest foot wear retailers in the United States. I got all my shoes, before I was fifteen and bought my own shoes, from Payless Shoesource, Inc. This is one reason I thought of Payless to do this retail business analysis on. Payless has a large selection of shoes including children, women, and men shoes at reasonable prices. Payless Shoesource has a definite generic, and segmentation marketing strategy and this paper will analyze these marketing strategies. Segmentation Marketing Strategy A market is customers who want or need a product and has the means to buy the product. Segments are customers who have the same wants, needs, and desire the same product. The three man segments of the population are demographic, psychographic, and geographic. Demographic segments can include age, sex, income, occupation, education, race and ethnic origin. On entering a Payless shoe store you fugitively take a step back from all the women shoes and accessories. The target demographic is definitely women. Most shoe retailers target this group because women according to a “Consumer Reports publication the average American woman owns 17 pairs of shoes and spends around $49 per pair” (Douglas, 2011). Women also typically buy shoe for their kids and spouse. Another demographic segment Payless target is children this can be seen in the children theme shoes for instance Spiderman, and glitter shoes. They...
Words: 911 - Pages: 4
...and Analysis of Critical Issues and its Impact on the Business Performance and Strategic Direction Bellevue University Assignment 9.1 May 4, 2015 Business situation analysis and its impact on performance and strategic direction Business situational analysis is defined as internal and external factors that affect the business’s environment in different way (the situational analysis, 2011). There are five situational factors that most businesses focus on: legal, regulatory, social, technological and ethical. Thus, each factor drives the business decision making. Therefore, situational analysis allows the business to determine the business strengths, weaknesses, opportunities and threats (The situation analysis, 2011) and make beneficial decisions. However, legal and ethical factors are areas where issues comes at any level of the business. In this topic, it’s important to describe and analyze the critical issues around legal and ethical factors and how they impact the business performance and strategic direction. A legal factor relates to new laws or directives governing how businesses behave. This can be in relation to other businesses, customers or the environment. Indeed, businesses need to watch out for new laws put on the market. In fact, businesses’ activities are restrained by laws and regulations (A hands-on introduction to business fundamentals in foundation, 2014). Those laws could be local, national or international and all depend on where the business is operating...
Words: 650 - Pages: 3
...Business Environment Analysis Background Environmental analysis is a systematic process that starts from identification of environmental factors, assessing their nature and impact, auditing them to find their impact to the business, and making various profiles for positioning. A common process of environmental analysis or scanning is discussed in the following section. Environmental Analysis Process A business manager should be able to analyze the environment to grasp opportunities or face the threats. Organizations need to build strength and repair their weakness available in the business environment. Therefore, this process consists not only a single steps but a process of various steps. Environmental analysis comprises scanning, monitoring, analyzing, and forecasting the business situation. Scanning is to get the relevant information from the information overload. It is to focus on the most relevant information. Monitoring is to check the nature of the environmental factors. Analyzing requires data collection and use of different required tools and techniques. Forecasting is to find the future possibilities based on the past results and present scenario. Environmental analysis process is not static but a dynamic process. It may differ depending on the situation. However, a general process with few common steps can be identified as the process of environmental analysis these are a) Monitoring or identifying environmental factors, b) Scanning and selecting...
Words: 1523 - Pages: 7
...31A00410 Quantitative Business Analysis Statistics Part, Autumn 2012 Problem set 5 The due date for this problem set is Thursday 06.12. at 14:00. Problem 1. A supplier of a raw material has agreed to deliver the material in packages of 20 kg each. As a part of quality control, a random sample of 10 packages were measured. The average weight of packages was 19.2 kg in the sample, and the standard deviation was 0.4. Test the null hypothesis that the expected weight of a package is 20 kg. The following exercises build on the previous Problem Set 4 and the data used therein. See Problem Set 4 for more detailed instructions regarding the data. Problem 2. In the previous problem set we estimated the following regression model using the data of hockey players in the Finnish league for the season 2009-2010: Goals = α + β × Shots-on-goal + ε The data for this exercise were provided in the Excel file “QBA Stats 4.xls” available on the course website. (a) Estimate the 95% confidence interval for the slope coefficient β. (This can be obtained directly by using the Excel Analysis ToolPak.) (b) Estimate the 99% confidence interval for the slope coefficient β. (The necessary statistics (critical t-value and standard error) can be computed with Excel, but you need to apply the formula for the confidence interval.) Problem 3. In another data set of hockey players in the NHL, you should have estimated a slope coefficient b = 0.1213. Test the hypothesis that β = 0.1213 in the model estimated...
Words: 407 - Pages: 2
...Using Correlation Analysis What is the purpose of using correlation analysis? How might correlation analysis be used in business decisions or in strategy formulation and implementation? Provide an example Correlation is a synonym that describes how someone or something is similar. It can also be used to illustrate instances of similarity among situations, people, or things that are otherwise different in nature to the other situations, people, or things. Businesses can effectively use correlation analysis to determine what common factors impact undesirable outcomes so that the managers are able to make changes, and the process also helps in determining the factors that impact desirable outcomes so that managers can take note of what to continue doing. Correlation analysis basically allows those evaluating various aspects of the business to make connections by analyzing cause and effect of various outcomes. It can be used in business decisions or in strategy formulation and implementation if a business were to use it effectively.Take an example of a small business. that determined that, over the course of the last six years, the business' revenue shot up over 40% each year when the business invested in professional, targeted marketing services versus the other three years in which the business lost money or broke even when the business owner whose skill set is in construction took on the task of building the company's marketing campaign by experimenting and using new...
Words: 274 - Pages: 2
...Health Care Business Analysis Tina Leggett HCS / 577 July 31, 2016 University of Phoenix Health Care Business Analysis When creating a new budget within the healthcare field it can be somewhat difficult. It is very important that effective management of the financial practices be utilized when making a spreadsheet or balance sheet. All data related to the budget should be used even if some of the numbers or minor items do not look like much but still have an effect towards the numbers. An operating budget should be presented with all the appropriate schedules and statements that are supporting the documentation that is presented from the hospital or entity (Finkler,2013) Creating the 2010 Budget Budgeting for a hospital or other entity is created to budget and prepare for the process of budget building and to monitor the budget for any errors throughout the year. Each company will decided on the best way to set up the budget to suit the needs of their company. Patton Fuller will have to look at each department to see what happens with each department to adjust the type of budget for each individual department. All departments are divided within the budget per each shift such as nursing and equipment being used. The budget is being based on making decisions that have been projected and allows identifying patient and assumptions used in budget balancing for 2010 (Gapenski,2012). Decision making for creating...
Words: 402 - Pages: 2
...Business Analysis - Part 1 In this paper I am taking on the role as a mutual fund manager making a decision on if to invest funds into Bank of America (BoA). Over the next three weeks I will conduct an extensive business analysis on BoA and this paper is part one of three of the complete analysis. Part one of the business analysis of BoA consists of a SWOT analysis and my point of view in regard to which part of this analysis is the deciding factor for me to invest in this company or not. In addition all internal and external stakeholders will be identified and their want and needs described. An explanation of how BoA is fulfilling the different needs of the different stakeholders will be the last section of part one in this business analysis. SWOT analysis of Bank of America “Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations. It is the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. The company serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500.” (MBA lectures, 2010) A SWOT analysis is defined as: “SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. By definition, Strengths (S) and Weaknesses (W) are considered to be internal factors over which you have some measure of control. Also...
Words: 1238 - Pages: 5
...Analysis of Lidl’s business strategies Name Institution Analysis of Lidl’s Business Strategies Lidl Stiftung & Co is an international discount supermarket that is located in Germany. The company was founded in the early 1940s by one member of the Schwarz family. The company has been operating in most parts of Europe, giving the other competing firms a very tough ground for retail business. Currently, the company has over 10,000 stores, most of which are in the UK. The company is the fifth best retailer in the world with a net income of $82.4 billion (Lidl, 2011). Apart from being active in the retail business, the company also carries out a number of services such as DVD rental, which was launched in 2009 and bakery services launched in 2012. According to Sillince (2006), resource based view in competitive advantage can help Lidl in achieving competitive advantage by looking at the internal factors that are within its system. For instance, the company has used its employees in ensuring that it achieves most of its goals within the shortest time possible. In addition, the company has achieved greater competitive advantage that has led to increase in the amount of profits and market share by internal tangible and intangible factors such as products and values respectively.In addition, the company uses heterogeneous and immobile resource-based views to ensure the achievement of the most effective competitive advantage in the market. Discourse and...
Words: 1366 - Pages: 6
...Alder (Financial Advisor) is responsible for providing advice on managing money ensuring profitability through secured and proven methods. Duties may overlap with the financial officer’s responsibilities to provide financial projections to support growth plans, maximizing return of investment for the company, investors and shareholder as well as the future staff requirements. Shareholders legally hold a share or a form of stock in the company and may be the actual owners in a LLC entity. Responsibilities include attending meeting and participating with the right to vote on company matters along with the board of directors. Start-Up/Acquisition Summary Mix2Match has identified the need for the obtaining $200,000 - $300,000 to start the business. The start-up expenses include how the requested funds will be allocated to cover those costs. The bulk of the funds will be allocated in the development of the app program intended for use online. Required for: • Planning • Design • Test Driven Development • Alpha release/testing with enterprise platform (iOS, ipa download) • Beta release/testing with enterprise platform (iOS, ipa download) • Q/A Test • Performance Test • Load/Volume/Stress test • Distribution Financial Management MIX2MATCH’s main concerns will be aggressive cost management for the development of virtual mobile apps for use by retailers and consumer shopping online. Labor costs for development, testing and marketing will be regulated by ensuring work is completed properly...
Words: 382 - Pages: 2
