Gap Analysis is a method of determining how a corporation’s present state differs from its desired future state and the steps it needs to take to attain desired performance outcomes. Contingency Planning is a methodical and systematic course of for getting ready for and developing a course of action within the face of unexpected occasions that may adversely impression your small business. “Integrating organizational and particular person information processing views on choice”, Organizational Science, vol.
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- This analysis is included in each business strategy, because it permits the company to rely upon its strengths and use them as a bonus.
- Strategic planning may even assist you to anticipate unfavorable eventualities before they happen and take precautions to keep away from them.