business

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The Importance of Business Analyst
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(No Transcript)
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Importance of Business Analysts  You may have
noticed that there has been a boom in the number
of business analysts positions available in the
market. There was even a time when business
analysts were people working in consultation
firms and investment banks you barely ever
found them in corporations. They were present in
some of the biggest companies in the world, but
were non-existent in small and medium sized
enterprises.
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This has completely changed in the past few
decades, to the point that you will find business
analysts in small offices as well. This has
happened because business owners have learnt many
lessons in the past few decades, and have
realized their weaknesses. The Changing Rules of
the Business World There was a time when the best
thing a business could be was big. The way things
worked was this once you were big enough, it was
hard for anyone to really compete with you,
unless your business made a huge mistake. Big
companies were comfortable companies helmed by
CEOs who were interested in maintaining the
status quo, and growing the company at a glacial
pace. This was how business was supposed to be
graceful and imposing, a world where the giants
could work without worry.
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Then, things started to change. Suddenly, as
information technology began to become
commonplace, big corporations started getting
competition from small companies. Microsoft and
Apple were now bigger than IBM. Nokia had been
making phones and was the most successful company
in the world. But suddenly, in the span of a few
years, Apple was the king, and in a few years
more, Nokia had to sell off their manufacturing
plants. As soon as Microsoft started becoming
comfortable, Google appeared and started
dominating the tech landscape.

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Big businesses are not competitive

• This was a puzzling new world, and it soon became
  apparent why small businesses kept winning. Small
  businesses were not bogged down with bureaucracy.
  If a small business was doing something the wrong
  way, it wouldnt continue due to tradition, it
  would just change its course and be efficient
  again. Big companies, on the other hand, tried to
  maintain the status quo, and were thus left
  behind. Companies realized the problem. When a
  CEO has 10 people under them, the CEO knows
  everything that is happening in the company, and
  takes decisions accordingly. When there are 5000
  people under the CEO, with offices all over the
  world, it is possible for the company to become
  inefficient without the CEO ever finding out.

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The Business Analyst

• Thus began the age of the business analyst. A
  business analyst does many things create
  reports, monitor business processes, seek new
  markets. Notice that all these are also things
  that small companies do to succeed. A business
  analyst is a person who dives deep into the
  organization to find out everything that is
  wrong, and to fix it before it becomes a big
  problem.
• In many ways, a business analyst plays the same
  role that the hand of the king used to play in
  olden times. The king sat on the throne, while
  the hand went among the people, eliminating
  weaknesses festering inside the kingdom. A
  business analyst ensures that their company never
  runs out of innovation and competitiveness.

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