A business that wasn’t able to reach its goals for the period it was set, needs to do some serious reckoning and confront the results it got. But as a businessman, you also have to re-examine your goals and strategies. Otherwise, you may have no other way of telling which of the ones you implemented has worked and which ones can do better and whether or not they should be totally scrapped. In this case, conducting a gap analysis would be very beneficial.
5 Steps to do a Gap Analysis
Step 1: Assess Where You Want Your Business To Be
A gap analysis should start with an assessment of where you want to take your company or how further. Naturally, you’d have already thought of changes needed for your business to improve but knowing what those changes can do may be the difference towards setting focus on your goals. You may want to write all these down as well.
Step 2: Define The Changes
Defining the changes you want needs to be accurate, which is why it demands to be well-acquainted with your company’s goals. If not, your efforts towards any type of change will not get you anywhere. Identifying changes necessary in achieving the organization’s goals is your starting point towards making sure nothing will pull you from your desired results.
Step 3: Identify The “Here” and “There”
Do a proper check and balance at where you are now and where you want to be. The gap between your current position and the future would have issues you need to solve before they happen. For instance, if you want to have enough market share, analyze whether or not your marketing efforts are either right or enough.
Step 4: Identify Your Current Position
To achieve your desired position, your analysis should first and foremost include an evaluation of your current performance. When a business fails or refuses to go over the crucial factors affecting its performance in all aspects of the business, profit, and cash flow are also affected. A business can only truly step up by comprehensively defining present issues.
Step 5: Develop Action Plans
In order for a company to maintain its place or perform consistently, grow and meet desired results, regular gap analysis efforts shouldn’t come second-fiddle in the business plan. The analysis in business plays a crucial role in the accurate measurement of results, performance and the identification of key changes required to reach a business’ desired future position.
10+Gap Analysis Templates
1. Business Process Gap Analysis
Create a diagnostic tool that re-examines your business processes by downloading this business process gap analysis in all versions of Google Docs, MS Word and Pages. You’d only want to end up with an accurate assessment of your organization, so waste no more time and download this document now!
2. Competitive Gap Analysis Template
Want to check where the competition is without downplaying their success? Then get this professionally-designed competitive gap analysis template to give you a head-start in producing your own analysis. Access this template easily on the website and click on the download button to have a copy you can always refer back to, during your drafting or writing process!
3. Industry Gap Analysis Template
Want to check the gap between your business strategies and how it fares in the industry? You’ll need this very useful industry gap analysis template for that. Make your task easier by downloading this template in any of MS Word, Pages, and Google Docs file formats and print anywhere you are!
4. Market Gap Analysis Template
In order for a company to grow and improve its marketing efforts, it shouldn’t ignore conducting a marketing gap analysis. Fortunately, we have this sample gap analysis to help you in the process. This high-quality template runs on flexible formats which you can easily edit and customize according to the needs of your business.
5. Competitive Gap Analysis Template
To have a clear understanding of your competition and what your current position is, as well as the goals you ought to meet, you’ll need an analysis that exhausts where you are and where you should be. Get this gap analysis template in either of MS Word and Pages as your perfect tool and ally in conducting your own analysis.
6. Gap Analysis Template
Not sure what you did wrong and where you lacked in performance? Don’t worry, you’ll find this gap analysis template very useful in going over the changes required for your performance to improve. This template is available for easy download and print on any compatible device.
7. Training Gap Analysis Template
Gap analysis in training methods and processes is very useful to make sure you get the best results. Not sure how to begin? Get this training gap analysis sample and use it either as your guide in doing your own analysis or just go ahead and modify the file after printing it in any of its printable formats.
8. Free Gap Analysis Template
If you wish to move forward and do a serious check and balance of factors that affected your goals and the failure of meeting them, then a gap analysis would benefit your business in many ways. You only need to download this very handy gap analysis sample to find out what changes are required for you to “get there.”
9. Economic and Gap Analysis Sample
This sample gap analysis can help you conduct a regular analysis of your organization’s performance (or lack thereof) if you and your team are preparing to have one. This document is easy to customize so that you can fill in your own findings in terms of competition, industry, products and services among others. Hurry and download this template now!
10. Gap Analysis Template
Measure your goals, strategies and present issues faced accurately by getting this gap analysis template available in PDF file format. You can use the document as a great tool especially when it comes to key issues you need to check as well as activities required to do better as an organization. Waste no more time and download this template now!
11. Sample Gap Analysis
Planning to do a gap analysis? You may not be ready for the work and attention that it requires. To help you start it right, download this sample gap analysis and feel free to modify its content so that it can fit your organization’s needs. Let’s face it, getting where you want your business to be can’t come soon enough, so hurry and download this template as soon as possible!