Gap Analysis

Gap Analysis

Gap Analysis Jonathan Poland

A gap analysis is a method used to determine the distance between an organization’s current state and its desired future state. This involves comparing the organization’s current strategy, structure, capabilities, processes, technologies, practices, and services with a target state that is based on the organization’s goals and objectives. The goal of gap analysis is to identify areas where the organization is falling short of its goals and to develop a plan to close the gap between the current and desired states.

There are several steps involved in conducting a gap analysis:

  1. Identify the organization’s current state: This involves collecting data on the organization’s current operations, processes, and performance. This can be done through a variety of methods, such as interviews, surveys, and data analysis.
  2. Identify the organization’s desired future state: This involves determining the goals and objectives of the organization, and what it hopes to achieve in the future. This can be done through strategic planning sessions or other forms of stakeholder consultation.
  3. Identify the gap between the current and desired states: Once the current and desired states have been identified, it is necessary to determine the gap between the two. This involves comparing the two states and identifying the areas where the organization is falling short of its goals.
  4. Determine the causes of the gap: In order to close the gap, it is necessary to understand the root causes of the gap. This may involve identifying internal or external factors that are contributing to the gap.
  5. Develop a plan to close the gap: Once the causes of the gap have been identified, a plan can be developed to address these issues and move the organization closer to its desired future state. This may involve making changes to processes, implementing new technologies, or developing new skills and capabilities.
  6. Implement the plan and track progress: Once the plan has been developed, it is important to implement it and track progress towards closing the gap. This may involve setting benchmarks and regularly reviewing progress to ensure that the organization is on track to achieve its goals.

Learn More…

Agency Cost Jonathan Poland

Agency Cost

An agency cost is an inefficiency that arises when there are differences…

Decision Tree Jonathan Poland

Decision Tree

A decision tree is a graphical representation of a decision-making process. It…

Relational Capital Jonathan Poland

Relational Capital

Relational capital refers to the value that a company derives from its…

Process Risk Jonathan Poland

Process Risk

Process risk is the risk of financial loss or other negative consequences…

Types of Process Jonathan Poland

Types of Process

A process is a systematic, controlled, and repeatable way of working that…

Direct Marketing Jonathan Poland

Direct Marketing

Direct marketing is a type of marketing that involves communicating directly with…

Overhead Costs Jonathan Poland

Overhead Costs

Overhead costs, also known as “indirect costs” or “indirect expenses,” are the…

Penetration Pricing Jonathan Poland

Penetration Pricing

Penetration pricing is a pricing strategy in which a company initially sets…

Innovation 101 Jonathan Poland

Innovation 101

Innovation is the process of creating new ideas, products, or processes that…

Jonathan Poland © 2023

Search the Database

Over 1,000 posts on topics ranging from strategy to operations, innovation to finance, technology to risk and much more…

Supply Chain 101 Jonathan Poland

Supply Chain 101

A supply chain is the network of organizations, people, activities, information, and…

Inferior Good Jonathan Poland

Inferior Good

An inferior good is a type of consumer good for which the…

Administrative Skills Jonathan Poland

Administrative Skills

Administrative skills are abilities and personality traits that enable a person to…

Performance Risk Jonathan Poland

Performance Risk

Performance risk refers to the potential negative consequences that a business may…

Overhead Costs Jonathan Poland

Overhead Costs

Overhead costs, also known as “indirect costs” or “indirect expenses,” are the…

Quality Metrics Jonathan Poland

Quality Metrics

Quality metrics are measurements that are used to evaluate the value and…

What is a Business Case? Jonathan Poland

What is a Business Case?

A business case is a document that presents a proposal for a…

Product Rationalization Jonathan Poland

Product Rationalization

Product rationalization is the process of reviewing and optimizing a company’s product…

Process Automation Jonathan Poland

Process Automation

Introduction: Process automation refers to the use of information systems to automate…