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Business Homework

MOST

This stand for Mission, Objectives, Strategy, Tactics

  1. Mission – What the organisation is about, what it is seeking to achieve.

  2. Objectives – Goals against which the organisations achievements can be measured.

  3. Strategy – the approach the organisation will adopt to achieving its mission and objectives.

  4. Tactics – The detailed way in which the strategy will be implemented. The tactics component of “MOST” is where the projects are identified and initiated. It is where the agile BA begins the task of ensuring that overall alignment with the strategy and objectives is maintained from pre-project though to deployment and benefits assessment.

Boston Box (Growth share matrix)

The Boston Box is a tool for portfolio management. The idea is to develop a balanced portfolio of products or business units that either generate or consume cash. The Boston Box – or Growth-Share-Matrix – was named after the Boston Consulting Group, since it was developed by BCG’s founder, Bruce D. Henderson and his colleagues.

Porters Five Forces

Porter's Five Forces is a simple but powerful tool for understanding the competitiveness of your business environment, and for identifying your strategy's potential profitability.

  1. Competitive Rivalry. This looks at the number and strength of your competitors. How many rivals do you have?

  2. Supplier Power. This is determined by how easy it is for your suppliers to increase their prices. How many potential suppliers do you have? How unique is the product or service that they provide, and how expensive would it be to switch from one supplier to another?

  3. Buyer Power. Here, you ask yourself how easy it is for buyers to drive your prices down. How many buyers are there, and how big are their orders? How much would it cost them to switch from your products and services to those of a rival? Are your buyers strong enough to dictate terms to you?

  4. Threat of Substitution. This refers to the likelihood of your customers finding a different way of doing what you do. For example, if you supply a unique software product that automates an important process, people may substitute it by doing the process manually or by outsourcing it.

  5. Threat of New Entry. Your position can be affected by people's ability to enter your market. So, think about how easily this could be done. How easy is it to get a foothold in your industry or market? How much would it cost, and how tightly is your sector regulated?

PESTLE

A PESTLE analysis is a framework to analyse the key factors influencing an organisation from the outside. It offers people professionals insight into the external factors impacting their organisation

  1. Political
  2. Economic
  3. Sociological
  4. Technological
  5. Legal
  6. Environmental

SWOT

SWOT Analysis is a simple but powerful means of pulling together key findings from the external and internal analysis. It is a summary of the organisations current strategic position.

  1. Strengths within the organisation that can be built upon
  2. Weaknesses within the organisation that require action
  3. Opportunities that could be exploited by the organisation
  4. Threats that may be presented to the organisation

Workshops

Agile Team Workshop. In the Agile Team Workshop, your team gains a shared understanding of an Agile requirements model, starting with a vision and progressing all the way down to acceptance tests and testable examples. Leave with new ideas and a cohesive understanding of the Agile road ahead.

Interviews

The purpose of an interview is twofold: It shows the employer what you can do for the company, and it gives you an opportunity to assess whether your qualifications and career ambitions align with the position. Interviews are also a good way of employers testing your knowledge on a certain topic that may be required in the role applying for.

Questionnaires

A primary research method that provides a relatively cheap, quick and efficient way of obtaining large amounts of information from a large sample of people. ... Often a questionnaire uses both open and closed questions to collect data. This is beneficial as it means both quantitative and qualitative data can be obtained.