1.

Define business analyisis and its significance in the business organization

business analysis is the discipline of recognizing business needs

and findings solutions to various business problems. In simpler
words, it is a set of tasks and techniques which work as a
connection between stakeholders. These help them understand
organization’s structure, policies, and operations. They can also
recommend solutions to help the business reach its goals
The underlying essence of business analysis is finding out ways to get what’s in a
stakeholder’s head out and onto a whiteboard where it can be modeled in such a way that
other people can understand it and used to establish a shared understanding among
stakeholders and confidently move forward with a solution.
In short, the essence of business analysis is the value gained in creating a shared understanding and
getting thoughts out of another person’s mind without a loss of fidelity is hard.
Focusing on the essence of business analysis opens our eyes to new opportunities; new ways to create
value and put the team in a position to be successful.  It also allows us to use different techniques and
tailor our approach to meet the needs of our stakeholders.

Business analysis is about understanding how your organization

functions to fulfill its purposes. It entails defining the abilities the firm
needs to provide products to the external stakeholders. You will have to
understand how the organizational goals connect to specific objectives.
You will also have to make a detailed plan to help achieve the goals and
objectives. In your business analysis, you will define how the
stakeholders and different organizational units interact.

You can conduct business analysis to get an overview of the current

state of your company. You might use it to identify your business needs
too. Most often, the analysis is performed to state and confirm solutions
which meet business needs or goals.

2. Swot and business analysis

SWOT analysis is a technique for assessing the performance, competition,
risk, and potential of a business, as well as part of a business such as a
product line or division, an industry, or other entity.
Using internal and external data, the technique can guide businesses
toward strategies more likely to be successful, and away from those in
which they have been, or are likely to be, less successful. An independent
SWOT analysis analysts, investors or competitors can also guide them on
whether a company, product line or industry might be strong or weak and
why.
A SWOT analysis is a great way to guide business-strategy meetings. It's
powerful to have everyone in the room to discuss the company's core
strengths and weaknesses and then move from there to define the
opportunities and threats, and finally to brainstorming ideas. Oftentimes,
the SWOT analysis you envision before the session changes throughout to
reflect factors you were unaware of and would never have captured if not
for the group’s input.

To sum it up, is the practice of developing business strategies, plans, solutions and

studies based on research. A business analyst doesn't typically own a strategy, plan or
project but is tasked with capturing the needs of business and developing solutions and
recommendations along with the concept of swot analysis.