A gap analysis framework is an assessment of your current performance vs. where you want to be as a business in the future. This is one of the top mba frameworks and is a useful tool to improve company’s performance.
Gap Analysis Framework
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Gap Analysis Current vs Future State
The analysis of the gap between the current state and the future state is shown on the below diagram. Companies can come up with a plan of action based on the analysis to close identified gaps.
Gap Analysis Approach
Gap analysis approach is a method of getting from where the business is today vs. where it wants to be in the future. Analyze the current state first, develop a future state and then understand the gap and provide recommendations on closing it.
Gap Analysis with Business Strategies
Gap analysis framework helps compare the actual level of performance versus the desired level of performance. The below diagram shows various business strategies that can be applied to close the gap resulting from the conducted analysis.
Gap Analysis Graph
The below gap analysis graph demonstrates the difference between current and desired state of your business. It is best if it can be quantified, measured and plotted on a gap analysis graph similar to the one below.
Gap Analysis Example
Below is an example of a gap analysis in practice. How to conduct a gap analysis. Start with the diagram below that explains how to approach it.
GE McKinsey Nine Box Matrix
The GE-McKinsey nine-box matrix is a strategy framework that offers a systematic approach for a corpora tion with multiple businesses or products to prioritize its investments. Business units are assessed by their appeal in the industry and strength relative to competition. Please see the below diagram for an example of Mckinsey 9-box matrix.
