Business planning is very important for the management students and for the same they need business analyst who can help in understanding the entire business plan for the students. To ensure the same, students try to learn the various aspect of the business plan in the best possible way from the experts who are themselves business analyst and business planner in some or the other way.
In the recent past many students are looking for some expert who can get them successive business planning help and the person himself is the expert business analyst. To understand the simple factor student relies heavily on the analyst given the fact that their experience in the business analysis, understanding of the business related factors and the industry specific factors.
Few important things that should be kept in mind for the students who are learning business analysis are discussed as below-
Business analysis includes process analysis and Requirement analysis, which are like two pillars of the business. They are considered as the strategic objective of the business.
Any business is dependent on the functionalities of the four important person and there services of the company-
- Customers- Customers are main source of income as they purchase goods and services from the business houses.
- Employees- Employees are the workers who work in the company i.e. from low level peon to senior level managers. Every person has their own responsibility in working out the desired duties.
- Shareholders- Shareholders are the owners of the company who invest in the business model of the company.
- Partners- Partners of the business are the suppliers of the raw material or associates in the service business.
Students should understand that every business is dependent on the policies of the business, economic condition, society, law and environment. All these factors plays significant role in the business. Any change in policies or change in government can impact the business entirely. Student should understand all these kind of aspect properly before setting up or starting up the entire business.
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