Business analysis is explained as researches which are conducted to find out the business needs, problems, and solutions. As a small business owner or investor, you will have to conduct different types of business analysis for your business. Different types of business analysis are SWOT analysis, Pestle analysis or PEST, Heptalysis, & MOST. There are other types if business analysis like Technical Analysis and fundamental analysis more relevant to the stock market investment. These analysis are discussed below. Please give utmost importance to these types of analysis. SWOT Analysis – is an acronym stands for strength, weakness, opportunities, and threats. So, SWOT analysis is actually finds out the strength & weakness of, and opportunities & threats for a company. It helps you to use the resources to have more profit by utilizing future opportunities. Additionally, it helps by identifying the weakness and recovering them to reduce future threats. Some Examples of SWOT Analysis of Bangladeshi Companies can be found here. PESTLE Analysis – An acronym stands for political, economic, sociological, technological, legal, and environmental analysis. It is used to conduct the external environmental analysis by examining these variables or external factors affecting the organization. Political variable works for the current and potential influences from political pressures. Economic variable works for the local, national and world economy impact on the organization. Sociological factor works for the ways in which a society can affect your organization. Technological factors check the effect bought by new and emerging technologies. Legal factors talks about the effect of local and foreign legislations. Environmental factors do the analysis of the national and world environment issues Heptalysis - is an acronym refers to a method of analyzing the seven factors that should be considered in the starting stage of a business. It is vastly used in analyzing of venture capital funding for a great idea of product or service where identifying the risk is the most important factor. In this process one sees a business planning with respect to the current knowledge of the potential market and also the resources that are needed. You may also like: Best selling strategy online Comments are closed.
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