Strategy Analysis plays a key function in business analysis activities. Without an assessment of where an organization wants to go in terms of its business, through goals and objectives and what steps are needed in order to help an organization achieve them, little can be done to assess the value proposition of solutions that will help an organization achieve its key performance metrics.
A strategic assessment will also assist an organization understand where it needs to make changes in order to fill gaps that are identified during a strategy review. Outputs from a strategy analysis can lead to changes in processes, technology and knowledge, skills and abilities needed by staff to effect change and drive a business toward its future desired state.
One of the many things heard from business analysts is the desire to use case studies to augment some of the material found within the IIBA’s BABOK or business analysis body of knowledge so that during a course they can see how the bits and pieces fit in order to generate the outputs.
Smoothcube offers an IIBA-endorsed, credit-based course called Fundamentals of Strategy Analysis to business analysts and other professionals wishing to acquire knowledge about strategy analysis, using a mix of theory and practical applications based on case study material developed specifically for the course to reinforce the basic fundamentals.
“The development of corporate and goals and objectives provide the basis for a company’s business direction. Adoption of business analysis techniques will help an organization assess where it is today and where it wants to go tomorrow, including the risks associated with moving to a future state. All of this is conducive to preparing a change strategy to which an organization can assess capabilities and processes in order make the necessary changes to get to the state they strive for tomorrow,” said Sean Christopher, lead instructor for the course, and IT business analyst for 13 years.
There are five (5) objectives that the curriculum is designed to achieve, including:
- Understand how strategic analysis contributes to driving the future business needs for the organization
- Learn how business process assessments, enterprise and business architecture reviews can yield new insights into the current state of affairs within an organization
- Develop key transition requirements using organizational readiness assessments to support a change strategy
- Learn key risk assessment techniques
- Develop key skills to conceptualize strategic requirements through modelling techniques
Upon completion of the two-day online course. Course runs from 9 a.m. to 5 p.m each day, with an optional quiz at the end to reinforce understanding of the material.
Students should also be prepared to do a lot of exercise work, as Smoothcube believes this is key to learning the material and to help engage students using interactive methods via its learning management system.