Chapter-6 Strategy Analysis


Where do the strategy analysis focus?
Strategy analysis focuses on defining the future and transition states needed to address the business need, and the work required is defined both by that need and the scope of the solution space.


Area of Knowledge:
The Strategy Analysis knowledge area includes the following tasks:
Analyze Current State:   It understands the business need and  the way it function today. It also sets a baseline and context for change.
Define Future State:   To define goals and objectives that will tell the business needs which has been satisfied and defined that what parts  need to change in order to meet the goals and objectives.
 Assess Risks:    Focuses on  uncertainties around the change, considers the effect those uncertainties may have on the ability to deliver value through a change, and recommends actions to address risks where needed.
 Define Change Strategy:   It is make a gap between current and future state, assesses options for achieving the future state, and recommends the highest value approach for reaching the future state including any transition states that may be required along the way.

What are the core concept model of strategy analysis?

There are 6 core concept models of strategy analysis:-
Change:  The act of transformation in response to  need. To achieve future state.
Need: A problem that is to be dressed.  Prioritize the current needs to determine the future state.
Solution:  A way to to satisfy in one or more ways. Its just to develop change strategy.
Stakeholder: A group which relates change, need, and solution. It is to understand the business for future.
Value:    To examine the potential value of the solution to determine if a change is justified.
Context:  It is to consider the context of the enterprise in developing a change strategy.



Sources: BABOK Guide Pages 107-113.

Comments

  1. Mariane10 October 2019 at 16:33

    Strategy Analysis can be captured through strategic plan, product vision, business case, product roadmap.

    It's important to highlight the difference between strategy documents and strategic plans.
    Strategy documents explains the strategy and documents it.
    Strategic plans details the plans to achieve that strategy. "Strategic plans document the how plans for how how the strategy will be implements".

    Source:

    1. https://www.excitant.co.uk/strategy-document-different-strategic-plan/
    Accessed on: Oct. 10, 2019

    2. BABOK Guide, Page 100
    Accessed on: Oct. 10, 2019

    ReplyDelete
  2. Harleen Virk11 October 2019 at 18:41

    Most techniques are predicated on a set of assumptions so as to determine whether or not the strategy can prevail, mainly when working in a incredibly uncertain surroundings. It will frequently be tough or not possible to show that the shipping of a new capability will meet a enterprise need, even in instances wherein it appears reasonable to expect that the brand new capability could have the preferred impact. These assumptions ought to be diagnosed and truly understood, so that appropriate selections may be made if the idea later proves invalid. Change techniques in uncertain environments can be structured so as to check those assumptions as early as possible to guide a redirection or termination of the initiative.

    ReplyDelete
  3. Kent Dela Cruz22 October 2019 at 19:29

    To elaborate more of the core concept model of strategy analysis, this is defined as a conceptual framework for business analysis. It defines business analysis as "the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to the stakeholders". It encompasses a wide range of skills, knowledge, and tasks that may vary in form, order, or importance for individual business analysts or for various initiatives within the organization.

    So basically this is a tool created to use for business analysts and a as guide on analyzing problems and what kind of solution business analysts should do or implement in a particular organization.

    Source: https://www.knowledgehut.com/blog/business-management/the-business-analysis-core-concept-model-baccm

    ReplyDelete

Post a Comment

Popular posts from this blog

Chapter 1 - What is Business Analysis?

Hello! Welcome to our Business Analysis blog.  We are Mariane, Harleen, Kent and Parminder, and we are Business Technology Management students at Red River College.  Throughout our Fall term we will be using this blog to share some important concepts regarding Business Analysis.  For our first post, we will start with the basics, and define exactly what is Business Analysis, and other important concepts related to it. According to BABOK, " Business analysis is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. Business analysis enables an enterprise to articulate needs and the rationale for change, and to design and describe solutions that can deliver value. "  Business analysis cannot work without having a representative to intermediate these practices within an enterprise. This professional is called a Business Analyst who is responsible for putting in practice the tasks desc...
Read more

Chapter-12 Fit Criteria and Rationale

Image
FORMALITY GUIDE Horse ventures need to have an exact and effectively shareable comprehension of the significance of necessities. It has been our experience that when the task has numerous partners—which is the standard for horse ventures—various partners relegate various implications to prerequisites. Including a reason and a fit basis to every necessity implies it is for all intents and purposes inconceivable for errors to happen. We prescribe that pony ventures incorporate both of these in their necessities. Elephant ventures must utilize methods of reasoning and fit criteria. These tasks are compelled to deliver a composed determination to be given on to some other gathering, either another piece of the association or an outsourcer. Having a detail containing just unambiguous, testable necessities is pivotal to elephant ventures on the off chance that the other party is to comprehend and, at that point convey the right item Scale of Measurement Any prerequisite can be ...
Read more

Chapter 5 - Investigating the Work

The starting point for any product that will be built is the owner's work.  The book mentions that business analysts go "trawling" after business requirements.  The first task in the business requirements gathering process is to understand and investigate the work that is being done. Once that's understood, then the "essence needs to be understood, that is the clean picture of the business, without technology.  In this chapter the "Brown Cow Model" is also introduced. Which is divided into 4 parts:  How-Now: shows the implementation of the work as it currently exists, including physical artifacts, people and processors to do the work.   What-Now: shows the real business policy (essence). No machines, people, or organizational departments. Future-What: shows the business as your owner wants to have it, but still with no technology applies to it. Future-How: shows the idealized future business policy, augmented with the technology and people ...
Read more