What does process analysis primarily aim to evaluate?

Process analysis primarily aims to evaluate how efficiently the business is working to meet its objectives. This involves examining the various components of a business process—including inputs, outputs, workflows, and resources used—to identify areas for improvement. Through this analysis, organizations gain insights into their operational effectiveness, which can lead to enhanced productivity, reduced costs, and better alignment with strategic goals.

Understanding process efficiency is critical for identifying bottlenecks or redundancies that may hinder performance. It enables organizations to streamline operations, thus optimizing the use of resources and improving overall performance. By focusing on efficiency, businesses can ensure that they are not only achieving their objectives but also doing so in a manner that maximizes value and minimizes waste.

The other options address different aspects that, while important in a broader business context, do not directly relate to the core purpose of process analysis. For example, evaluating the viability of new business strategies involves strategic planning and market analysis rather than an internal focus on processes. Similarly, assessing technological advancements pertains to innovation and upgrading capabilities, while analyzing competitors is more about market positioning than internal process efficiency.