The Essentials of Business & Risk Analysis

Business analysis is the process or method of identifying business problems and devising strategies to help the management team make firm goals and have clear objectives. Once this has been achieved, it leads to a more effective decision-making process. This course is divided into two main sections. The first discusses business analysis techniques, followed by studying enterprise risk management. The course guides you step by step and explains many business procedures and tools that will help you, as a manager, make informed decisions. It also covers the best risk management strategies to safeguard a company's assets. 

The first section works through the various techniques available to analyze your business. Business analysis is a fundamental responsibility that managers need to pay close attention to. These methods identify the areas that need improvement and the strengths to be built on. Finally, in the enterprise risk management section, the nature, causes, and types of business risks are explored. Managers must assess the risks facing their organization that could negatively affect the success of a project or campaign. Then, they must address and mitigate those risks and decide whether or not to move forward with a decision.

Historically, there was a common belief that risk management was a secondary activity and not that important. Those leaders were firm in their opinion that corporations should only focus their time and energy on revenue-generating activities. In their view, the activities to be emphasized were sales, logistics, marketing and finance, not risk management. However, in the past two decades, we have seen many crises that resulted in the bankruptcy of prominent and famous corporations due to a lack of enterprise risk management. Those cascading risks and their impacts on businesses turned the table on the followers of the old ideologies. This course discusses the importance of risk management and business analysis, teaching you to use the best techniques and strategies to construct a competent and flourishing organization.