Day 1 Flashcards
McKinsey’s 7S’s
Structure Strategy Systems Staff Style Skill
Shared Values
What are the hard components in McKinseys 7S’s
Structure
Strategy
Systems
What are the soft components in McKinseys 7S’s
Staff
Skills
Style
What’s the middle component of McKinsey’s 7S’s
Shared Values
Business Change Lyfecycle
Realisation Alignment Implementation Definition Design
Whats in the middle of the Business Change Lifecycle
Business Case
Scope of business analysis work spans three areas
Strategic Analysis
Business Analysis
IT Systems Analysis
What is the POPIT model used for?
Shows the views of a business system
POPIT
People Organisation Processes Information Technology
POPIT is used for …
Gap analysis
Name the three types of core competencies of BA’s
Personal Qualities
Business Knowledge
Professional Techniques
Strategic Analysis road map goes…
Internal Analysis
External Analysis
Strategy Implementation
Strategy Map
Name Two Internal Strategic Analysis Techniques
Boston Box
M.O.S.T
Resource Audit
Name Two External Strategic Analysis Techniques
PESTLE
Porter’s 5 Forces
Name a Strategic Analysis technique which covers both internal and external
SWOT
M.O.S.T
Mission
Objectives
Strategy
Tactics
SWOT
Strengths
Weaknesses
Opportunity
Threats
Internal SWOT
Strengths and Weaknesses
External SWOT
Opportunities and Threats
PESTLE
Political Economical Social Technology Legal Environmental
Porter’s 5 Forces
Threat of new entrants
Bargaining Power of buyers
Bargaining power of sellers
Threat of substitute products/services
Whats in the middle of Porter’s 5 Forces
Rivalry among existing competitors
Whats the Business Analysis Process Model acronym
ICAED
I Can Always Eat Donuts
Name each part of the Business Analysis Process Model
Investigate Situation Consider Perspectives Analyse needs Evaluate options Define requirements
Name the four boston box quadrants
Problem child / wild cat
Star
Cash cow
Dog
Name the boston box saying
Cows are milked
Dogs are buried
Stars get the gold
Wild cats / problem child’s are examined
Whats the resource audit used for?
Assessing and deploying core competencies regarding resources
Name some tangible resources
Physical Financial Human Information Time
Name some intangible resources
Know how
Reputation
How is SWOT correctly used
Needs to be used after PESTLE / MOST / Resource Audit / Porter’s 5 Forces
What’s in the middle of the BBS (Balanced Business Scorecard)
Mission/Vision + Strategy
What is BBS used for…
Clarifies CSF + KPI’s
Name the 4 inputs for the balanced business scorecard
Customer
Financial
Internal Business Process
Learning + Growth
What are CSFs
Things that the business needs to get right to succeed
What are KPIs
Things to measure to find out how well the business is doing