A gap analysis is a method of assessing the differences in performance between a business' information systems or software applications to determine whether business requirements are being met and, if not, what steps should be taken to ensure they are met successfully.

Here is a simple example of a gap analysis:

1. Identify the current state: For instance, a company's current software is unable to handle the increasing amount of customer data.

2. Identify the desired state: The company wants a software that can efficiently manage and analyze large amounts of customer data.

3. Identify the gap: The gap is the difference between the current state and the desired state, i.e., the lack of a capable software.

4. Propose solutions to fill the gap: The company could either upgrade their current software or purchase a new one that can handle large amounts of data.

Remember, the goal of a gap analysis is to help a company reach its objectives by identifying and addressing the gaps between its current state and desired future state.

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Gap Analysis (Part 2)

How do you get from where you are now to where you want to be? Use our Gap Analysis presentation to assess and bridge the gap between your team's curr...

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In order to determine which resources and activities should be implemented to reach your desired state, you need to have a strong awareness of your current state. To do this, evaluate where your organization stands now. For instance, your current mission could be all about equitable access to revolutionary products at the lowest price point. While your SaaS business is very affordable, it's no longer providing the revolutionary products that are core to your central mission. (Slide 8)

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Gap Analysis aligns with the goal of providing equitable access to revolutionary products by identifying the current state of the organization and the desired state. If the organization's mission is to provide equitable access to revolutionary products, the gap analysis will help identify if the organization is currently meeting this goal. If there is a gap, the analysis will help in identifying the resources and activities that need to be implemented to bridge this gap and achieve the desired state.

A successful Gap Analysis can lead to several potential outcomes. It can help identify areas where your organization is underperforming and provide insights into areas that need improvement. It can also help in strategic planning by providing a clear picture of where your organization currently stands and where it wants to be. This can lead to the development of effective strategies to bridge the gap. Additionally, it can help in resource allocation by identifying the resources needed to achieve the desired state.

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