Question

How would you use gap analysis in planning a strategic alliance?

Answer 1

The gap analysis can be used for planning an strategic alliance in following steps.

(i) Identifying the objectives to be achieved through strategic alliance.

(ii) Identifying the capabilities and competence of an ideal strategic partner.

(iii) Identifying the capabilities of the chosen partner, and comparing with the desired ones

(iv) Creating a gap analysis between the desired and actual parameters.

(v) Determination of the potential impact on the desired performance due to gap analysed above.

(vi) Identification of the means by which the gap can be bridged if possible.

(vii) Making decision on the choice of partner ( whether the partner is to be chosen or not, and if yes, what changes would be necessary to bring it at par with desired performance)