A gap analysis helps an organization assess its alignment with strategic objectives to determine whether the current execution aligns with the company’s mission and long-term vision. Gap analyses help reach a target performance by assisting organizations to use their resources better. A good gap analysis is a powerful tool for improving execution.
- Perform a GAP Analysis
- Gap analysis to structure an effective action plan
- Gap analysis to identify focus areas
- Gap analysis and process improvement
- Gap analysis and KPIs
- Gap analysis complemented by a SWOT analysis
- Gap analysis complemented by a Root cause analysis
- Gap analysis complemented by Benchmarking
- Connected Analysis Frameworks
Perform a GAP Analysis
Gap analysis to structure an effective action plan
Gap analyses also help assess how in line the company’s organization is vs. the action plan defined in the planning stage.
Thus, helping reach target goals given the current state.
The gap between the target objectives and the current state needs to be broken down into steps, small enough to be executable and measurable.
Gap analysis to identify focus areas
Gap analyses also help to identify focus areas and simplify the execution strategy.
Gap analysis and process improvement
Gap analyses also help with improvement in business processes.
Gap analysis and KPIs
The gap analysis also starts by determining a future state the company is envisioning, which can follow several principles, and in general, that needs to be ambitious yet reachable, measurable, and breakable.
Gap analysis complemented by a SWOT analysis
A SWOT analysis also helps identify the gap in the business in the market landscape.
Thus, the SWOT analysis is a type of gap which helps businesses understand their positioning in the marketplace and how to tackle it.
Thus, when doing a comprehensive Gap Analysis, there are several tools that can be used, and the SWOT is one of these tools.
Gap analysis complemented by a Root cause analysis
Getting to the root of a problem is one of the most challenging things in business.
And through a Gap Analysis, we want to assess where we want to be.
Thus, a root cause analysis is one of the frameworks to have within the Gap Analysis Toolbox.
Gap analysis complemented by Benchmarking
Another framework to add to the Gap Analysis Toolbox to make it more comprehensive is benchmarking.
Connected Analysis Frameworks
Related Strategy Concepts: Go-To-Market Strategy, Marketing Strategy, Business Models, Tech Business Models, Jobs-To-Be Done, Design Thinking, Lean Startup Canvas, Value Chain, Value Proposition Canvas, Balanced Scorecard, Business Model Canvas, SWOT Analysis, Growth Hacking, Bundling, Unbundling, Bootstrapping, Venture Capital, Porter’s Five Forces, Porter’s Generic Strategies, Porter’s Five Forces, PESTEL Analysis, SWOT, Porter’s Diamond Model, Ansoff, Technology Adoption Curve, TOWS, SOAR, Balanced Scorecard, OKR, Agile Methodology, Value Proposition, VTDF Framework, BCG Matrix, GE McKinsey Matrix, Kotter’s 8-Step Change Model.