What Steps Would You Take to Analyze a Process? Research Paper Example
Words: 487Research Paper
What is a business process? It is an amalgamation of all the steps toward a business goal. These include the mission objective and end with the business objective. There are different processes within an organization and a good number are not based on the country they are based in. They are based on the cultural and the strategic objectives of the state the organization is in. (From Analyst to Leader, 2008).
There are several types of business processes. These include moving products, shipping products, setting marketing plan, updating employee information and receiving orders. How these are executed determine how the business will thrive or not in any given business environment. Some of the process inputs, for instance in advertising, is the target market. What is the target market supposed to identify with the product? How will the target market identify with the target product? By how much will the target market contribute to the overall profit of the company? This is the primary objective of market research. (Business Analysis Body of Knowledge, 2008).
The greater the process improvement is the greater the firm’s ability to do several things. The first and most important is its ability to steal the other competitor’s market share. The second is to increase sales. The third is to reduce costs on advertising, because the better a brand name is known, the better the sales are by default of the brand name, for example Coca Cola as opposed to Pepsi. (Heptalysis, 2005).
The best way to checkif a process is working or not, is by first determining how much it is costing the firm. The second step is to check the cycle time from beginning to end. One needs to determine how long it takes for the process to begin again, how long the process time issupposed to be worked on, how manysteps are involved in the process and if they are necessary, how much idle time is recorded and how it affects profits. (Strategy Consulting Ltd, 2009).
Business process analysis is where one identifies the needs of an organization and ultimately has solutions to the problems of an organization. The best step to analyze a process is to look at the current process and simply improve on what is working. The best method is to look at any process from a profit and loss perspective in order to determine what is costing the business and what is not. A look at the latest technological innovations should also be taken into consideration. (BOLA Project, 2009).
“From Analyst to Leader: Elevating the Role of the Business Analyst Management Concepts”, ISBN 1567262139. p94: “As the discipline of business analysis becomes professionalized”, Kathleen B Hass, Richard Vander Horst, Kimi Ziemski (2008).
“Business Analysis Body of Knowledge v1.6” IIBA. Retrieved (2008)
“Heptalysis – The Venture Assessment Framework”. Pejman Makhfi, VentureChoice, Inc.Retrieved (2005)
“Exploring Corporate Strategy Using M.O.S.T. Analysis”. Strategy Consulting Ltd. Retrieved (2009)
“Business Open Learning Archive”, Chris Jarvis for the BOLA Project. Retrieved (2009)
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