To identify core business processes, one should conduct a(n):

Identifying core business processes requires a thorough understanding of how different tasks and activities contribute to the overall functioning of an organization. Conducting a business process analysis is the most effective way to achieve this.

This type of analysis focuses on mapping out existing processes, identifying the input and output for each step, and analyzing the efficiency and effectiveness of those processes. By examining how resources are utilized and how information flows through the organization, a business process analysis helps in pinpointing what constitutes the core processes that drive value for the business.

On the other hand, while work-flow analysis also examines processes, it tends to focus more on the sequence and interaction of tasks specifically rather than a broader understanding of core business activities. Cost-benefit and feasibility analyses focus on the financial aspects and viability of certain projects or initiatives, rather than on outlining the processes themselves. Thus, while these analyses are important in different contexts, they do not provide the same comprehensive examination of the core processes as a business process analysis does.