Nowadays the business environment is changing faster than ever before. The organisations must analyse the implications of these changes and modifying the way they react to them, and adapt the business strategy. PESTLE Analysis is a well known tool for identifying these external factors, which can be used to help you consider Political, Economic, Social,…
What is it? The PESTLE Analysis provides a framework for investigating and analysing the external environment for an organisation. The framework identifies six key areas that should be considered when attempting to identify the sources of change. In general, the organisation has no control over this external factors, but it has to know and understand…
How do I do it? The following steps below show the general process that a Business Analyst goes through in order to conduct Functional Decomposition. Identify the focus area that will be decomposed (the process, goal, business function, etc.). Decide the level of detail that will be needed. In some cases you may only want…
What is it? Generally speaking, Decomposition is the process of breaking complex entities (processes, technology, business problems, business needs) into smaller sub-parts, and then breaking those smaller parts down even more, until the complex entity has been broken down into more discreet components with a more understandable structure. Activity decomposition is an abstraction technique that…
Your business is “breaking even”—not making a profit but not losing money, either. The main purpose is to determine the minimum output that must be exceeded for a business to profit. The break-even analysis is a rough indicator of the earnings impact of a marketing activity. A company can analyse ideal output levels to be…