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    Gap Analysis 3

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    Ruben
    This document provides an overview of gap analysis, including how to conduct one, its key elements, and applications. A gap analysis determines the steps to move from a current state to a desired future state. It involves establishing objectives, analyzing the current business processes, describing the existing processes, defining the desired future performance, measuring the current performance, recognizing the gap between the states, designing strategies to bridge the gap, executing those strategies, accepting feedback, and monitoring progress. A gap analysis template identifies the current and future states, describes the gap, and lists solutions to bridge the gap to meet organizational objectives. Gap analysis can improve performance and compare past to future results, though the desired state may become unrealistic and external factors are overlooked. It applies

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    Gap Analysis 3

    Uploaded by

    Ruben
    86 views12 pages
    This document provides an overview of gap analysis, including how to conduct one, its key elements, and applications. A gap analysis determines the steps to move from a current state to a desired future state. It involves establishing objectives, analyzing the current business processes, describing the existing processes, defining the desired future performance, measuring the current performance, recognizing the gap between the states, designing strategies to bridge the gap, executing those strategies, accepting feedback, and monitoring progress. A gap analysis template identifies the current and future states, describes the gap, and lists solutions to bridge the gap to meet organizational objectives. Gap analysis can improve performance and compare past to future results, though the desired state may become unrealistic and external factors are overlooked. It applies

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    This document provides an overview of gap analysis, including how to conduct one, its key elements, and applications. A gap analysis determines the steps to move from a current state to a desired future state. It involves establishing objectives, analyzing the current business processes, describing the existing processes, defining the desired future performance, measuring the current performance, recognizing the gap between the states, designing strategies to bridge the gap, executing those strategies, accepting feedback, and monitoring progress. A gap analysis template identifies the current and future states, describes the gap, and lists solutions to bridge the gap to meet organizational objectives. Gap analysis can improve performance and compare past to future results, though the desired state may become unrealistic and external factors are overlooked. It applies

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    86 views12 pages

    Gap Analysis 3

    Uploaded by

    Ruben
    This document provides an overview of gap analysis, including how to conduct one, its key elements, and applications. A gap analysis determines the steps to move from a current state to a desired future state. It involves establishing objectives, analyzing the current business processes, describing the existing processes, defining the desired future performance, measuring the current performance, recognizing the gap between the states, designing strategies to bridge the gap, executing those strategies, accepting feedback, and monitoring progress. A gap analysis template identifies the current and future states, describes the gap, and lists solutions to bridge the gap to meet organizational objectives. Gap analysis can improve performance and compare past to future results, though the desired state may become unrealistic and external factors are overlooked. It applies

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 12

    GAP Analysis

    Presented By:
    Raghavendra Vishwas K
    Hemavathi
    Agenda
    • What is GAP Analysis?
    • How to conduct GAP Analysis?
    • Elements of GAP Analysis.
    • Advantages and Disadvantages
    • Applications.

    What is GAP Analysis?


    • It is a technique of determining the steps
    taken to move from the current state to
    desired future state.
    • GAP analysis in a formal study of what a
    business is doing currently and where it wants
    to go in the future?
    How to conduct GAP analysis?
    • 1st Step: Establish specific target objectives by
    looking at the company’s mission statement,
    strategic goals and objectives.
    • 2nd Step: Analyse the current business process by
    collecting the relevant data, this includes the
    basic performance at all levels.
    • 3rd Step: . Describe the existing business process.
    This includes all process of the organisation.
    4th Step: Define the desired future performance
    position.
    5th Step: Measure current performance.
    6th Step: Recognise the GAP between current state
    and desired future state.
    7th Step: Design the strategies and methods that are
    required to attain the desired future state by keeping
    company’s objectives and mission in mind.
    8th Step: Execute the strategies and methods
    mentioned in the 7th step.
    9th Step: Accept the feedback of the GAP analysis
    process. As, this helps in proper reviewing of
    additional GAP’s if any.
    10th Step: Monitor and report the progress
    achieved.
    What is GAP analysis template?

    • GAP analysis can be either concrete or


    conceptual, GAP analysis templates often
    have in common the following
    fundamentals.
    Fundamentals of GAP
    analysis?
    1. Identifying the Current and Future States
    • Current State: The current or present state of an
    organisation be it the total production of
    organisation, resources of the organisation etc.
    • Desired future State: The expected state where the
    organisation as reached optimum output and has
    maximum resources.
    2.Describing the GAP:
    •First analyse whether there is a GAP between the
    current state and desired future state.
    •If there is any GAP found identify the constituents
    of GAP and the factors contributing for it.
    •Describe the reasons which are actually causing
    the GAP, by looking at the company’s objectives
    and strategies.
    3. Bridging the GAP:
    • It should list all the possible solutions that
    can be implemented to fill the GAP between
    current state and desired future state.
    • The solutions with respect to GAP should be
    specific and also reflect the objectives of the
    organisation.
    • Advantages
    1. GAP analysis is a diagnostic tool, to improve the
    performance of the organisation.
    2. The GAP analysis can also be used to compare the
    results of the past and future states.
    • Disadvantages
    1. The desired state becomes unrealistic at certain times.
    2. The external environment is overlooked.
    • Applications
    1. Production Industry
    2. Sales Forecast
    3. Fiscal policies
    4. Performance of an individual.
    Thank you

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