BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The gap between your current situation and your desired situation is simply the mathematical difference between the two. For instance, if you have current labor costs of $15, 000 per year and your desired situation is to have labor costs of $12, 000 per year, your gap would be the $3, 000 difference between these figures.

Detailed explanation-2: -A performance gap is the difference between an employee’s current performance and their desired performance. Put simply, an employee has a performance gap when they have to perform a certain task in their role, but they don’t know how to complete it.

Detailed explanation-3: -The most common issue that leads to missed expectations is a lack of understanding of what is actually preventing them from being met. In my world, this is called the GAP… or the difference between the expectation and the actual outcome.

Detailed explanation-4: -Gap analysis is defined as a method of assessing the differences between the actual performance and expected performance in an organization or a business. The term “gap” refers to the space between “where we are” (the present state) and where “we want to be” (the target state).

Detailed explanation-5: -The three fundamental components of a gap analysis are the current state, desired state, and the gap. The current state is how business procedures and processes are being used. The desired state is where the company wants to be in the future. This usually includes improved efficiency and effectiveness.