Your information has been modified successfully. Do you want to save your changes?
Identify trends and become a change agent with business analyst training
Business analyst training is an important part of top management training courses. Today's challenging and fast-changing business environment means that competition in all industry sectors is now tougher than ever. Managers and senior executives practicing transformational leadership must take societal, technological and global business trends into consideration when assessing new business opportunities and defining a business development strategy. By doing so, leaders will steer their company's business course for sustainable success. Good analytical skills are clearly essential - business analyst training from top business management schools can help develop such skills.
Business analyst training provides knowledge and tools to help executives find new business opportunities and assess solutions to business problems without losing sight of current and overall market requirements. Such training can either be specific to the business analyst function, or aimed at general managers and senior executives who need to guide the company's strategic direction.
Given the variety of operational sectors that business analysis is involved with, business analyst training must address all aspects of a corporation's business reality, from research and development to marketing and sales, and from customer relations to, of course, information technology. For example, business analysts often link operational units and an organization's IT department. During the process of collecting, documenting and evaluating concrete business requirements they also define new or changing operating benchmarks and translate these into concrete specifications. Business analyst training for business analysts should therefore consider the benchmarking and specification responsibility, so that a business analyst can actively support the internal performance management program.
Before business analysts and managers are in a position to outline recommendations for the business development strategy, or propose specific product modifications, data must be collected and assessed. Hence data management is another key area that business analyst training should focus on. Successful analysts will be able to act as key drivers of a data management team within an organization, steering and helping to create the construction of a data charter, or develop solutions for data administration and propose data based structures.
Business analysis is also required to analyze consumer behaviors and expectations. A company's marketing strategy plan is heavily dependent on the findings, conclusions and predictions of the analysts. Hence, business analyst training should always contain modules related to marketing and branding so that the participants understand market dynamics and learn to use customer related analysis tools and techniques.
With the increasing importance of the specialist business analyst role within companies - and increased pressure on top executives to have strategic business analysis skills - business analyst training has expanded in terms of thematic facets and the depth of knowledge participants can acquire. Companies that wish to stay on top of their game by analyzing and improving their business and functional requirements can only benefit from sending their key executives to business analyst training.
Find how IMD's Building On Talent program will develop your skills! Download the program info.