Conducting a gap analysis involves the following steps:
Identify the Current State: Assess the current performance of the business. This can be done through SWOT analysis or other assessment tools. Define the Desired State: Clearly outline the business goals and objectives you aim to achieve. Identify the Gaps: Compare the current state with the desired state to identify gaps in areas such as skills, technology, and market presence. Develop an Action Plan: Create a plan to address these gaps, prioritizing based on urgency and impact.