STRATEGIC GAP ANALYSIS

A gap analysis is the process that companies use to compare their current performance with their desired, expected performance. This analysis is used to determine whether a company is meeting expectations and using its resources effectively.

 

A gap analysis also called a needs analysis, is important for the performance of any organization. It lets companies see where they are now and where they want to be. With a gap analysis, companies can look at their goals again to see if they are on the right track to achieving them.

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Strategic gap analysis aims to determine what specific steps a company can take to achieve a particular goal. A range of factors including the time frame, management performance, and budget constraints are looked at critically in order to identify shortcomings.

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Creating a gap analysis can help strategic teams figure out potential action plans they can use to hit their goals. Identify weak points. If your business didn't perform as expected, using a gap analysis can help your team figure out the root cause of certain performance gaps.