गैप एनालिसिस सीक्रेट
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Answer:
Essentially, the gap analysis helps companies realize and achieve their full potential. It allows companies to make the best use of their resources, improve overall performance, maintain inventory control, and more easily reach goals.
Retailers use gap analyses for a number of reasons, across different areas of the business, including operations, information technology (IT), staff, customer experience, and even the product itself. It’s best to choose one area and focus the gap analysis on that.
To define gap analysis for your retail business, you’ll need to consider both a qualitative and quantitative assessment of these states.
Other terms for gap analysis include retail leakage, needs analysis, needs assessment, need-gap analysis, and gap assessment. There are also specific types of gap:
Performance gap: A more broad type of gap, this focuses on the company’s performance. This may be focused on overall business goals.
Product/market gap: The difference between actual sales and anticipated sales.
Manpower gap: Typically used by human resources (HR), this compares the existing team and skills to the forecasted staffing needs.
Profit gap: Specifically focuses on the company’s overall profits, comparing actual to planned.
Now that you understand what a gap analysis is, let’s look at how you can conduct one.
Answer:
The gap analysis definition is when a business compares what it’s actually doing to what it has the potential to do. These are commonly referred to as the business’s current state and potential or goal state.