Gap Analysis

August 8, 2012 § Leave a comment

Here’s a thought provoking term called ‘Gap Analysis’.

According to Wikipedia,

In business and economics, gap analysis is a tool that helps companies compare actual performance with potential performance. At its core are two questions: “Where are we?” and “Where do we want to be?” If a company or organization does not make the best use of current resources, or foregoes investment in capital or technology, it may produce or perform below its potential.

Technically, it refers to the gap between current state and end state. While, I have often done this in the recent past with respect to my life, it is nice to put a name to it! 🙂

Another reason why I think an organization and an individual can be governed using the same set of business theories/strategies!

 

– Arun Vallappan

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