GAP ANALYSIS Presented by You Exec Gap Analysis

GAP ANALYSIS Presented by You Exec

Gap Analysis Overview 4

Gap Analysis Procedure Final Goal Increase revenue by 20%, gross profit by 15%, and profit margin by 10% Work with sourcing Q 4 Goal department to cut production cost by 20%. Increase production speed by 35% from Current Goal Gap Analysis previous quarter. Increase production volume Q 2 Goal by 15% from previous quarter. Q 1 Goal Time Frame 5

Gap Analysis Procedure Standardize & Plan Continuous Improvement Add additional details about Gap Identification Add additional details about gap identification in this text box. 1( E ST improvement in this text box. A) standardize and plan continuous ST EP P 4 T AC Add additional details about STEP 3 CHECK PLAN STEP 1 (B) Add additional details about cause investigation here. Study the Result Cause Investigation C) 1( ST E EP ST P 2 DO study the result in this text box. Add additional details about action Add additional details about implementation in this text box. select action in this text box. Action Implementation Select Action 7

Current State Analysis: Financials 153, 000 Revenue 142, 000 Profit 120, 000 Cash Balance 95, 000 89, 000 82, 000 78, 000 67, 000 52, 000 45, 000 30, 000 Our Company 30 12 Competitor One Competitor Two Competitor Three Competitor Four

Gap Analysis Graph Revenue High Risk e c n l a i t n ote P a m r o f r e P n o i cat i f i s ver Di h t w ro G t e ark M n o i t a netr e P t e ark M e c n a m r al Perfo Actu t n e m p lo e v e D t c u d o r P Time 15 Low Risk

Gap Analysis Template Current State $10 million in annual revenue Annual production cost is $5 million Desired State Gap $13 million in annual revenue Lack of knowledge in new sales tools Hire new talents who’re experienced with new sales Reduce production cost to $3 M Remedies Many untouched tools and strategies geographical areas Allocate more budget to Most machines are old, market research efforts requires a lot of human labor to operate properly Retire old machines that have been mostly unused Little to no outsourcing Outsource tasks that are time-consuming but not revenue generating 16

Gap Analysis Template Business Area: _____________________________ Business Goal: _____________________________ Business requirement Existing situation Gap between existing and new Capabilities needed to reduce/eliminate gap Issues and risks gap Double profit margin Production volume/speed too low. Production cost too high 20% increase in volume, 40% decrease in cost Better engineering and product management talents Workers compensation not incentivizing enough Become the leading innovator of the industry Product development ideas are stagnant A new product with the most cutting-edge technology New C-level hires needed for the technology team Low morale, not enough upward mobility promised Dominate worldwide market share US market too saturated, competition very high New up-and-coming markets in other continents Disrupt current industry standards Foreign adversary in order to protect their local markets Revenue generating business partnerships No major brand partners Need to confirm one major partner per quarter Make five key hires for Business Development Legal implications of big partnerships 13 17

Gap Analysis Tool: Fishbone od extra costs, lost revenues h et with on-site operators Failed experiments lead to M are being used everyday. Engineers don’t work r ry ne hi Only 6 of the 15 large machines we po an ac Not enough on-site managers M M Machines are over 25 years old Managerial management style remains obsolete enough The rest are taking up a lot Constant shift in senior Disagreements between of space in our facility leadership reduce morale group leaders on methods Prolonged shipping time Profit spikes typically Natural disaster in our from origin of sourcing followed by slowdown second biggest market M N a t Shift in consumer behavior o unfavorable diminishing trend th e r Product latches onto $6 M in profit u r e Costly to upkeep facility condition n c e a t e ri a l No dedicated reliable supplier M and only work on one project ai and subpar to industry standards n t e n a Most workers unwilling to sit still M Quality of material inconsistent Cost the company 26

Gap Analysis Tool: Mc. Kinsey 7 -S What’s our strategy, what are the What is our hierarchical structure and objectives and how do we achieve them, its reporting mechanism? How do what makes us competitive and how do teg y decision making centralized? Structure St ra we deal with competition? departments coordinate activities? Is What are the main systems that St yle and how is status fed back? ms ste controls are there in the organization participative or autocratic? Are people Shared Sy support and drive our business, what What is the general leadership style, is it Values and skills monitored and evaluated, what are our core competencies? 27 Skills St af there any skills gaps? How are training f In line with the strategy and vision, are empowered and encouraged to take risks and challenge norms? What positions are vacant and need to be filled, what competency gaps need to be filled? What type of people and skills do we need?

Get the full version of this presentation and access our library of hundreds of corporate resources Join You Exec Plus today and take your career to new heights. Receive premium corporate resources in your inbox every week. Start today