Summary: Legal Method, Skills And Reasoning 3/e | 9781134047710 | Sharon Hanson
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1 Business Analysis
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What are the purposes of business analysis?
1.Gauge the status of an organization 2.Predict future of the organization 3.Set out strategy for coming periods -
What is the foundation of good business analysis?
Information is fundamental to good business analysis. The quality of the information is an element that determines the quality of your analysis. -
What are the key questions to ask before you embark on a process of analysis?
1.What information do I have already? 2.What additional information do I need? 3.Where will I find the information I need? 4.How trustworthy is the information? -
What are the nature of tools and models?
Structured, comparative, not fool-proof and results limited by skill of the user and by the quality of the input information. -
How a structured tool help us?
A structured approach to a task reduces risk of overlooking items, shows up anomalies-facilitates thoroughness. -
How a comparative tool help us?
Some tools are built to enable measurement. Measurement is generally the comparison of the sample with another sample or with a standard. Make sure you compare similar things. -
2 Business administration Strategy
This is a preview. There are 10 more flashcards available for chapter 2
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What two groups does the business bring together?
The maker/deliverer of a good or service and the benefactor/recipient of the good or service. -
What is the business administration?
It is a course of study teaching the the basic principles of business and business practices. -
What is the importance of business administration?
You can not avoid "business". professional success depends on your ability to meet the expectations of the groups/audiences to which you deliver - the skills for achieving this are taught in business administration. -
What is the a strategy?
A carefully devised plan of action to achieve a goal, or the art of developing and carrying out such a plan.
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