A gap analysis can contribute to a company's competitive advantage by identifying areas where the company is not meeting its goals or expectations. This could be in terms of sales, productivity, supply management, or individual performance. By identifying these gaps, the company can take corrective action to improve its performance. This could involve adjusting production processes, managing supplies better, or improving individual performance. By doing so, the company can improve its overall performance and gain a competitive advantage.
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Use our Gap Analysis presentation to assess your team’s current state and identify ways to bridge the gap between your current state and your desired...
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– after a company launches a new product, a gap analysis might help to determine why sales didn't meet forecasts. Productivity – when a factory's productivity is not meeting expectations, targeted customer needs or the set of business requirements that were laid out, a gap analysis can help determine what process needs to be fixed, the Smartsheet team says. – in case a hospital finds itself running short of supplies on a regular basis, a gap analysis can help to identify the reason for shortages. – performing a gap analysis may help a manufacturer look at the sales performance of the company product catalog to make sure the right mix is being produced and use the results to maximize production. Individual Assessment – a team leader at an accounting firm can have each member perform a gap analysis and use those results not only to find targets to improve each team member's performance but also to draw out the best practices that everyone can adopt, the Smartsheet team says. Product E...