BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A gap analysis is a method of assessing the performance of a business unit to determine whether business requirements or objectives are being met and, if not, what steps should be taken to meet them. A gap analysis may also be referred to as a needs analysis, needs assessment or need-gap analysis.

Detailed explanation-2: -1. In terms of strategic Planning can be defined as the mismatch between the planned goals and the effectively attained objectives.

Detailed explanation-3: -A strategy gap refers to the gap between the current performance of an organisation and its desired performance as expressed in its mission, objectives, goals and the strategy for achieving them.

Detailed explanation-4: -Summary. A gap analysis is the process of comparing your actual business performance with your desired performance to see what’s missing. You can use these analyses to create company strategies and identify possible shortcomings in your business.

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.