“Business“ is a collection of value activities that consume resources to create and deliver value to meet stakeholders’ needs and fulfill organizational vision and mission. Porter’s value chain groups value activities into primary activities that create value directly and support activities that create value indirectly.
“Analysis“ is the process of decomposing a complex subject into elements and examining their nature, properties, features, and relationships. Techniques such as break and conquer, comparison and contrast, induction and deduction, inference, and conclusion are commonly applied.
Business analysis is a discipline of understanding stakeholders’ needs to identify problems and opportunities, proposing alternatives or solutions, and determining strategies to solve problems or pursue opportunities. The development or acquisition of information systems is a commonly adopted solution.