Gap Analysis

A gap analysis template is a visual tool that involves the comparison of actual performance with potential or desired performance. No matter what kind of organization you are, whether it be business or government-run, a chart can be a useful way to show employees, as well as supervisors, where the margins should be. With an accurate graph, you will be able to see where present and potential problems lie whether it be from the poor use of current resources or a forgo investment in capital or technology.

While many methods for undertaking a gap analysis start with looking at your own company’s performance, I think that it’s helpful to first have a goal in mind before using the analysis process. Some business look at bench marking and best practices of other companies to perform their gap analysis. This is why a gap analysis is so beneficial to everyone, and so different than a SWOT analysis. 

The gap analysis template is universal. It can be used for any company or business at any time and in any way. It lays everything out on the table for strategic purposes and helps for future planning for better business methods.

 

Solutions for Performance in a New Economy

Running a small business can be a very difficult thing to do so having all of the right tools is very important. They make it easy to convey the correct messages to the right people in a way that is simple to understand. This is one reason that so many businesses use our templates. A gap analysis template is no different.

Organizational charts can be used universally and this applies to a gap analysis as well. Though not everyone can understand the same words and languages as we can, most understand numbers, especially when they are organized in a way that is not cluttered and easy to understand. Though it has been mentioned before, it is important to notice just how much of a difference it can make.

 

What Are Some Other Reasons to Use a tool like a Gap Analysis Template?

  • Measuring gaps is the first step in enhancing customer satisfaction.
  • Competitive advantages can be achieved by exceeding customer expectations
    outlined by the gap analysis.
  • A gap analysis is a tool to narrow the gap between perceptions and reality, thus enhancing customer satisfaction.
  • A gap analysis is applicable to any aspect of industry where performance improvements are desired.
  • A gap analysis is clear and easily understandable.
  • A gap analysis can be used while developing an employee benefit program.