What GAP analysis stand for?


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Rooster Cogburn Profile
Rooster Cogburn , Rooster Cogburn, answered

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A visual representation of the McKinsey 7S framework. SWOTanalysis: SWOT, which stands for strengths, weaknesses, opportunities and threats, is a gap analysis strategy used to identify the internal and external factors that affect the effectiveness and success of a product, project or person.

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Leesa Johnson Profile
Leesa Johnson answered

Both SWOT analysis and GAP analysis are used to evaluate businesses, but different aspects of businesses. However output from one can be used as input for another and vice verse.

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