Analysts vs Strategists: End of the confusion!

Image from https://cdn.hipwallpaper.com/i/12/95/cuKoIe.jpg

Whether it be social media or print, Instagram or Facebook, trends always come from the big brands. Fashion, technology ,education or even your food habit, brands and trends rule all the areas. Big brands don’t make it in the blink of an eye. Years of hard work, perceptions, passions , analytical ability and strategy make this happen.

Whenever we talk about big brands, companies and organizations, the first thing that we focus on the business analysis and strategy they are following. Hence the terms analyst and strategist have made it into the dictionary of “business talk”. But do we know exactly what they bring on the table? What are the differences between a business analyst and a business strategist? What are the required skills and how do they work under a company? What are their key roles in a company? Let’s have a rapid session of “Analysts vs Strategist”

Defining the roles: Who are they?

On the other hand, a business strategist is a person who determines the targets for the companies. He prepares strategic plans to ensure that the fulfillment of the targets as well. He analyzes the existing strategies and identifies the sections where improvements are needed. He develops unique ideas and strategies related to fasting the business growth as well.

In short we can say,

A strategist is someone who views the overall situation and can visualize the end-game; An analyst is the one who assists you get there!

Image from https://www.rawpixel.com/image/108510/corporate-business-team

Analysts and Strategists: Completing one another

In short, a strategist helps to define a goal for the company and the analyst helps to operate the path designed for the goal. Obviously it will need good teamwork to grow the business and achieve the targeted outcomes. A good understanding between both of the teams will play a vital role to hack the growth within a short time.

Added to that, both of the roles require the same kind of skills as well. But then again a strategist needs to understand the situation to forecast very well and hence intuition plays a great role for a strategist than an analyst. Here is where the difference is noticeable enough to get much understanding.

What do they bring to the business?

A strategist on the other hand is always focused on the future . He tries to accomplish the estimated outcomes by creating a future driven design. Instead of focusing on all the details , a strategist prioritizes the indications of the calculated data and innovates some ideas to generate in the near future.

Good teamwork is a must!

If the analyst doesn’t provide the convenient data, the task of the business strategist will get more difficult. While if the business strategist doesn’t predict and understand the situation ,it would be difficult for an analyst to comprehend which part he needs to focus on. Thus, good teamwork is undoubtedly a must for a great achievement in a business company.

Image from http://clipart-library.com/images_k/business-people-transparent-background/business-people-transparent-background-20.png

Conclusion

References:

A Computer Science and Engineering student. Interested in Computer Science, business analytics ,research and editing.