Business Analysis

in today’s day and age use many different types of analysis techniques to serve the needs of a business. Academia Pro have the following four main Business Analysis techniques.

(Political, Economic Socio-cultural, Technological, Legal and Environmental) – Pestle Analysis is used to analyze the extramural factors that affect the business. Although it forms an important basis to some other analyzing techniques such as SWOT, it’s important in itself to maintain and improve the macro environment and tactics the company has been using up to this date.

This interesting framework helps analyze the business’s true position so far in time. It addresses the potential competitors of the business and how well the strategies have helped yield profits. It may also help build confidence during new product introduction.

Strength, Weaknesses, Opportunities, Threats) – It is a complete analysis of both the internal and the external elements that may come in the way of a product/business or help it grow.