Strategic Business Analyst-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Strategic Mangement. Answer: Rich Picture The critiquing topics include vision, mission, strategic objective, strategic management process and SWOT analysis. All these aspects comprises as a strategic management. The Strategic Management Concepts map is illustrated below Synopsis Any organization requires a strategy for taking its company to reach great heights. These refer to the vision, mission and strategic objectives. The need for strategy in the organization is important because, the business environment is increasingly becoming unpredictable. This report's objective is to understand what a strategy is; its importance; how it can be developed and implemented; and how it is related to business analysts. Critique The business is depicted by its operations, its organizational structure, policies, methods, location and customer satisfaction. All these aspects can be well structured by a business architecture. Based on the author's point of view the IT strategy for the business supports the company to have business strategies that are competitive and innovative (Becker, 2015). Thus, it can deliver the necessary business efficiencies. The vison and mission are necessary aspects for defining the objective of the business. The strategic objectives are the possibilities, goals that can be measured and the milestones. It is very important to undergo environmental scan with various methods and techniques like PESTLE, MOST analysis technique and Porters five forces Model (Cadle, Turner and Paul, 2010). It helps to understand the current stance of the business, which is called as Business analysis. It is substantially important to analyze the business, to understand the necessary change. Thus, Strategy in simple words is a Change. Finally, SWOT analysis helps in analyzing the results of the environmental scan. It is not easy to implement a strategy, because it has considerable issues to look up like- The urgency and need of implementing the strategy; the size of change; the organization's ability to absorb change; and the readiness of the organization to accept the change. Business analyst has a vital role in strategic planning, as follows (Hass, 2008): Provides information about project investments. Defines and manages the requirements of the business. Takes part in tactical activities. To validate the information of meeting the business requirements. Strategic management helps to resolve the issues of the business analysts like, tracking the cost of the business and its benefit; prevention from errors and much more (Pullan and Archer, 2013). Reflection It is concluded that the strategy is a scope and direction for the company's long term plan, for satisfying the expectations of the stakeholders. Strategy is categorized into three levels namely, corporate, business unit and operational level. Strategy for an organization can be developed based on the detailed analysis of the enterprise. Therefore, the strategic plan works as a road map for the organization, to meet its long term goals. Henceforth, the strategic management comes to the rescue of the business analysts, because of the issues in implementing the strategy References Becker, L. (2015). Roadmap to the Strategic Business Analyst and how it crosses other disciplines.BBC Conference. [online] Available at: https://www.buildingbusinesscapability.com/presentations/2015/2196.pdf. Cadle, J., Turner, P. and Paul, D. (2010).Business analysis techniques. London [England]: British Computer Society. Hass, K. (2008).The business analyst as strategist. Vienna, VA: Management Concepts. Pullan, P. and Archer, J. (2013).Business analysis and leadership. London: Kogan Page Limite