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Here's an example of a GAP analysis for profit Here’s the Gap Analysis process: Step 1: Decide the topic you’re going to do the Gap Analysis on? This is the challenge you’re trying to tackle. Gap Analysis sample topics include: • Revenue • Profit • Market Share • Product Functionality/Features Step 2: Identify where you are right now based on metrics or attributes.
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Examples: • Revenue — We’re at $10 million in annual sales right now • Profit — We’re at $1.5 million in annual profit right now • Market Share — We have 7% of the market share right now • Product Functionality/Features — Our product has was just launched so it has limited features Step 3: Identify where you’d like to be over a specific time frame? Examples: • Revenue — We’d like revenue to grow to $35 million in annual sales by 2012 • Profit — We’d like profits to grow to $12 million per year by 2012 • Market Share — We’d like to own 15% of a particular market by 2012 • Product Functionality/Features — We’d like our product to have industry leading features by 2012 Step 4: Identify the gap between where you are and where you want to be. • Revenue — They gap is $15 million per year in annual sales by 2012 • Profit — The gap is $5.5 million in annual profit by 2012 • Market share — The gap is 8% market share by 2012 • Product Functionality/Features (let’s use Web site as an example) — The gap is that you’d like to have the following features by 2012: a blog, a sign-up form to let visitors follow your business on Facebook and Twitter and a way for customers to buy products directly. Step 5: Determine how the Gap should be filled. • I recommend using the “6 M’s” from my: • Manpower — The people resources you need.
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In fact, there is only one time when a gap trading strategy is possible, which is when Forex re-opens late Sunday afternoon. Although this presents minimum opportunities to trade gaps, Forex gap strategies possess high success rates in the region of 85%. Rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. A gap is empty space between one price bar and the next. Gaps occur when the price significantly changes from the close of one price bar to the next, with no trading taking place in the empty.
• Methods — The processes you need. • Metrics — The measurements you need. • Machines — The automation or technology you need. • Materials — The material items (such as physical goods or marketing collateral) you need. • Minutes— The time you need. • Or you could use a and simply list out your: • Strengths, Weakness, Opportunities and Threats related to filling your Gap.