There are many business analysis techniques that are quite useful in carrying out an effective and productive business analysis. Some of the important techniques for business analysis often used by business analysts are:
The concept of PESTLE is used for the analysis of external environment and identify every aspect of external factors that can affect the project or the organisation.
PESTLE stands for:
This involves the in-depth analysis of early stage of business in seven categories:
This analysis technique is usually performed for analyzing the internal factors of the organisation on the basis of four attributes of MOST, which are:
SWOT Analysis is done to analyse the potential of business and the potential area of improvement and exploration of new market using four attributes of SWOT.