3. The Strategic Context for Business Analysis

Question 1

What are the core building blocks for understanding the strategic context?

Answer 1

Current state, strategy execution, target state, performance measurement

Question 2

What does PESTLE stand for?

Answer 2

Political, Economic, Socio-cultural, Technological, Legal and Environmental

Question 3

Forces within the international, national and local economic environment (interest rates, levels of employment)

Answer 3

Economic

Question 4

Forces within the international, national and local political environments (policies and decisions made by national and local governments, EU, NATO, Amnesty International, Greenpeace, WWF)

Answer 4

Political

Question 5

Trends within society and culture (changes to demographics, preferences and habits)

Answer 5

Socio-Cultural

Question 6

Trends within technology (AI, self-driving vehicles)

Answer 6

Technological

Question 7

Trends and expectations that have legal or regulatory impact (employment law, taxation rules and regulations)

Answer 7

Legal

Question 8

Trends and influences that are concerned with the natural environment (carbon emissions and climate change)

Answer 8

Environmental

Question 9

What are the elements of VMOST?

Answer 9

Vision, Mission, Objectives, Strategy and Tactics

Question 10

Defines the target state for the organization without regard to how this will be achieved

Answer 10

Vision

Question 11

Describes what the organization does or will do

Answer 11

Mission

Question 12

Specific outcomes that the organizations wants to achieve. These are used to guide and measure progress towards the organizations vision and the completion of the mission.

Answer 12

Objectives

Question 13

Long-term approach that is going to be taken by the organization to achieve the vision, mission and objectives

Answer 13

Strategy

Question 14

Specific and detailed means by which the strategy should be executed

Answer 14

Tactics

Question 15

What are qualitative descriptions of the critical factors that must be in place for the organization to achieve defined objectives?

Answer 15

Critical Success Factors (CSFs)

Question 16

What are the quantitative measurements of performance that track the achievement of the Critical Success Factors?

Answer 16

Key performance Indicators (KPIs)

Question 17

What provides an objective Measurement of performance against Objectives or KPIs?

Answer 17

Targets

Question 18

What summarizes the results of the internal and external environment analysis and highlights the key factors identified?

Answer 18

SWOT analysis

Question 19

What are found from within the organization?

Answer 19

Strengths and Weaknesses

Question 20

What is an example of an analysis used for internal environment?

Answer 20

VMOST, performance measurement, resource audit, BSC, Boston Box

Question 21

What is an example of an analysis used for external environment?

Answer 21

PESTLE analysis, Porters 5 Forces Analysis

Question 22

What are the elements used for Performance Measurement?

Answer 22

Objectives, CSF, KPI, Targets

Question 23

What are the techniques used in Strategy execution?

Answer 23

BMC (business model canvas), BCM (business capability model), Value stream modelling, TOM (Target Operating Model = POPIT)

Question 24

What are the 9 elements of the Business Model Canvas?

Answer 24

Customer Segments, Value proposition, Channels, Customer Relationships, Revenue streams, Key resources, Key activities, Key partners, Cost Structure

Question 25

What describes how a business needs to be established to support the execution of strategy?

Answer 25

Target Operating Model (TOM)

Question 26

What is used in alignment with each other, to help to improve understanding of what is required within the target state?

Answer 26

TOM and Business architecture artefacts

Question 27

What are the elements of the POPIT Model?

Answer 27

People, Organization, Process, Information and Technology