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Archive for the ‘Basic Business Principles’ Category

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Business, especially those that are recovering from economic slumps are more inclined to hire applicants that have taken business analyst training courses. This is because individuals with training in business analysis are more likely to make informed decisions in business.

Individuals who have attended business analysis classes have the knowledge of methods and strategies that can be used in identifying, evaluating and resolving business problems. Such problems may include concerns about the business’ system components, policy, operational strategies and management problems. By hiring a business analyst, a company may experience enlightenment about potential challenges and problems the business is currently or is about to encounter. Business Analysts use different techniques in facilitating change in a business. Such techniques may include MOST, PESTLE, CATWOE, Five Why’s, MoSCoW, VPEC-T, and De Bono 6Hat. PESTLE is an acronym for Political, Economic, Sociological, Technical, Legal, and Environmental factors affecting the business. MOST is an acronym for Mission, Objectives, Strategies and Tactics of the business. CATWOE refers to Customers, Actors, Transformation Process, World view, Owner, and Environmental constraints. MoSCoW on the other hand pertains to the Must have, Should have, Could have, and Would like to have things and developments in the business. VPEC-T pertains to Values, Policies, Events, Content and Trust.

The technique called De Bono 6Hat, which is usually used in brainstorming sessions, is also called six thinking hats. It uses colors and moods to symbolize ideas and facts. Red is emotional ideas, white is for facts and logic, green is for creative ideas, yellow is for optimistic point of view, black is for the pessimistic point of view, and blue is for neutral, control or cold.

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