Gap Analysis is a strategic tool used by organizations to assess the difference between their current performance and desired goals. It helps identify areas where improvements are needed, allowing businesses to focus their resources effectively. By comparing actual outcomes with expected results, companies can pinpoint specific gaps that hinder progress. The process typically involves defining objectives, measuring current performance, and analyzing the discrepancies. This analysis can apply to various aspects, such as business processes, product development, or employee skills. Ultimately, Gap Analysis guides organizations in creating actionable plans to bridge the identified gaps and enhance overall performance.