Business Process Analysis Versus Business Analysis

Question: Discuss about the Business Process Analysis Versus Business Analysis. Answer: Synopsis Business Analysis is a vast subject and comprises of different key section. The Week 5 Module discusses a very essential part of business analysis that is Stakeholder analysis and management. The module discusses the essentiality of effective stakeholder analysis. Stakeholder analysis involves assessment of stakeholder categories and their identification. As stated by Paul et al., (2014) stakeholder analysis is extremely important part of the business as it helps to identify the key stakeholders of the business and also helps to address their needs and requirements which help a business to gain competitive advantage. Darwish (2015) states that the key competencies which are required to analyse stakeholders which are behavior, characteristics, knowledge and personal qualities. Overall the present module of Stakeholder analysis and management focuses on highlighting the essentiality of stakeholder analysis and also discusses the different strategies of stakeholder management which will help to gain insights about stakeholder management. Critique Stakeholder analysis and management is an extremely important part of a business and hence it is important to understand the key competencies and knowledge required to do effective stakeholder analysis (Freeman, 2010). The stakeholder analysis taken up by the authors in the module mainly focus on the starting of the project and the role of the stakeholders during the initial part of the project. The module here mainly focuses on analysing stakeholders which will help to get the desired goals from the project. In the present module the authors have reflected on the business importance of stakeholders, in fact to say the author have discussed the role of stakeholders in the initial part of a project but doesnt talk about the social role that stakeholders play in promoting a business. The authors have tried to discuss the tasks and techniques which will help a company to run its operations with the help of the stakeholders but they completely do not highlight the exact role of the stake holders in running the business operations. Reflection Self reflection is an excellent way of learning especially for the lifelong learners and hence as a computer professional it is important for me to continuously works on the past experiences and analyse my knowledge and their implementation in order to get better result (Yang, 2009). Stakeholders are essential entities involved with the business and it is important that I am able understand their roles and responsibilities in the operation of the business. From the above module I have been able to understand the role and responsibilities of the stakeholders. The present module has assisted me to develop a strong understanding about the process of analysing key stakeholders as a part of business analysis. Since business analysis is a vast subject and there are number of subsections it is important for me to understand the role of stakeholder analysis in developing favorable insights as a professional. This module has helped me to understand the key competencies which are important to do stakeholder analysis and management. Implementing stakeholder analysis is an extremely important process and the present module has helped me to gain much needed insights that has allowed me to understand the module successfully. References Paul, D., Cadle, J., Yeates, D. (2014).Business Analysis,3rd edn, BCS Learning Development Ltd, Swindon. Darwish, A. (2015). Business Process Analysis versus Business Analysis: Why most organizations confuse them?.Business Process Management. Freeman, R. E. (2010).Strategic management: A stakeholder approach. Cambridge University Press. Yang, S.H., 2009. Using blogs to enhance critical reflection and community of practice.Educational Technology Society,12(2), pp.11-21.