Strategic Actions and Assigned Initiatives to Close the Strategic Gap

Strategic Actions and Assigned Initiatives to Close the Strategic Gap

by YourBoard | The Art of Leadership

Strategic Actions and Assigned Initiatives to Close the “Strategic Gap” Video Description

This video will teach you everything necessary to closing that “strategic gap” you created between your current operations and the goal of your operations long-term.

Frequently Asked Questions

What kind of information do I need to begin closing the “Strategic Gap”?

You need to collect historic date information on the gap analysis to begin.  This information will be the most accurate in you Strategic Plan.  This foundation will help build the rest of your plan. From here, you can projections going forward to help create initiatives.

What kind of questions should your “Strategic gap” analysis ask?

You need to ask several questions of your analysis, including which product groups carry the best gross profit, if any product groups showing marginal GP’s can be improved by either increasing price or securing cost reductions, and which product groups are consuming more of the overhead resources than should be. Specific questions include:

  • “Which of our product groups are thought to have competitive differentiation?”
  • “What additional differentiation can we build into our product solution or support services that will allow us to offer a competitive proposition?”
  • “What new requirements are emerging from our customers that we can satisfy with the core strengths we possess to develop a differentiated solution?”

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