Strategy analysis is often the starting point for business analysts on many projects. Even more, it is often undertaken throughout the life-cycle of a solution so that a business can continue to assess the value-generating components of the solution to ensure that it remains consistent with a company’s strategic direction, goals and objectives.
There are 4 specific areas, the pillars, of strategy analysis of which a business analyst should be aware.
The first is the analysis of the current state of an organization. The second is an analysis of the future state. Third comes the risk assessment. Finally, a change strategy is developed.
The analysis of current and future states is also referred to as situational analysis.
While the term “strategy analysis” seems to have high-level connotations, many of the elements making up the 4 pillars require a deep dive into finding root causes of business problems, understanding business objectives, leveraging people’s time and other resources to gauge cultural and organizational issues, technological barriers, policy constraints, and limitations with the business architecture that impedes an organization’s ability to achieve its desired goals and objectives.
To assist business analysts with this domain, Smoothcube offers an endorsed course called Fundamentals of Strategy Analysis, a two-day event where students use a case study as the basis for analyzing a business. Throughout the course, students, with the aid of seasoned professionals, generate outputs using an interactive approach within a learning management system that includes chat, whiteboard sharing, discussion topics, surveys, live questions, web page “markup”, and audio/video support.
Smoothcube’s course is endorsed by the International Institute of Business Analysis (IIBA®), the international organization devoted to advancing the business analysis profession.
At the end of the course, students, after taking the optional quiz, will be issued 15 professional development units or continuing education units, to serve as evidence towards their professional certification/re-certification from the IIBA®. In addition, students will be extended a certificate validating their participation.
Learn more about the course from our e-learning page.