Top Business Analysis Courses Online – Updated [March 2023]

Business analysts often alter their approach based on the nature of the business or the problem they are trying to solve. For example, they may use S.W.O.T. analysis, which stands for four things the analyst will study: the business’s strengths, weaknesses, opportunities, and threats. An analyst may also use M.O.S.T. analysis, which highlights four things the analyst helps the company ascertain: its mission, objectives, strategies, and tactics. When it comes to looking at the external factors impacting a business, PESTLE may be the best strategy. This method examines the political, economic, social, technological, legal, and environmental factors affecting the business. To find novel ways of enhancing efficiency and production, an analyst can also engage in system analysis, which involves taking an in-depth look at the weaknesses, problems, or failures of the business’s current system and finding solutions.