What is the relationship between business analysis and planning?

Business Analysis and Planning are two phases that society passes before important decisions. Using various analytical techniques, the company focuses on current operations to find out where there are new profitable opportunities. Planning is a process of changing operations to move resources to a new opportunity. Thus, the relationship clearly exists between business analysis and planning in the company's ordinary operations. In some cases, companies can use the same employees to work these activities. Analysts

often use information obtained from financial and operational activities. For example, the Company can look at its financial statements and uses to determine the efficacy and efficacy of its operations. Comparison of current conditions against previous conditions can then help companies decide how to improve operations from a financial point of view. Financial business analysis and planning are probably one of the most important in the Review of the Company. Other tools are to the displayAlso for financial analysis.

Many companies perform various business analyzes during the calendar year. This allows them to ensure effective operations at all times. However, business planning is only necessary when making changes or discovering negative business trends. In this case, the company uses business analysis and planning to define what problems are the main causes of negative trends. The poor product quality can be one examples of what the previous analysis reveals to be planned to improve problematic business processes.

Budgets are another example of business analysis and planning in action. Companies use budgets as road maps for future operations and cost control methods. Proper budgeting requires the use of previous financial data to create limits for future expenses. Analysis and planning are matching because you,who create a budget must also prepare plans for further capital expenditure. The result is a feasible plan that many individuals in the company use to complete operations and strengthen the total operations of the company.

There is no framework within a real time frame to complete different techniques associated with business analysis and planning. Growth or flexible companies often never stop these two activities, because the changes that have the result usually improve market share. There may also be measurement of external factors during these two stages. Their integration can help introduce a better picture of the company's future plans. Changes for analysis and planning phases may occur even after the initial phases are completed.