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Business analysts are responsible for analyzing the operations, organizational structures and functions of corporations, institutions and government agencies. Their jobs are particularly demanding in smaller companies, as these firms may employ only one such professional. Most business analysts have college degrees and strong analytical skills. Weak performers may possess the necessary skills and education for this occupation but fall short in their preparation and execution.
Poor Organizational Skills
A weak business analyst usually has poor organizational skills. Most of these professionals are expected to complete multiple projects each month or quarter. For example, a business analyst of a small pet manufacturing firm may be studying the efficiency of the manufacturing plant, analyzing engineer practices and assessing new regulations simultaneously. Poor organizational skills may prevent him from prioritizing his list of tasks. Hence, he may fail to meet project deadlines or omit crucial aspects of an assignment.
Failing to Use Proper Resources
The weak business analyst often fails to make use of all available resources. He may be unfamiliar with some resources as well. These resources may include industry reports, software packages or assessment tools. A business analyst unfamiliar with financial ratio software, for example, may omit important numbers to assess financial results properly in a specific region. Financial ratio software helps firms compute and interpret extensive financial data, including leverage ratios, which detail a company’s debt situation. Similarly, weak business analysts may not resource all the experienced professionals in their organization when conducting an analysis.
Improperly Using Business Models
Those business analysts who fail to perform as expected also may use the wrong business models for their companies. For example, a business analyst of a small software company may suggest keeping the marketing and human resources departments highly centralized, when a customer-based organizational structure is warranted. A company using a customer-based organizational structure would assign multiple marketing and human resources professionals to specific clients. This type of strategy works best when companies sell to diverse customer groups, according to Referenceforbusiness.com.
Weaker business analysts may not have the proper communication skills to adequately perform their jobs. Communications skills usually are essential for the job, according to the Bureau of Labor Statistics. Some weaker performers also may lack the discipline for the profession. A business analyst constantly faces challenges that range from inventory control to logistics. Logistics pertains to the distribution network of organizations, moving products from the plant to wholesalers and retailers.