Instructions: Review each item below and determine your current level of proficiency and the importance the item has for your career success. Use a scale of 1 to 7 (where 1 is low, and 7 is high). See Part 1, Item 1 below for an example, and then overwrite the sample ratings with your own ratings for this item. The gap for each item will be automatically calculated.
Interpreting Your Results: In the example, the gap is -5. The large negative number indicates an item where current proficiency is low and career importance is high—so, this might be an item to address. A gap represented by a large positive number (e.g., 5) indicates that current proficiency is relatively high and career importance is relatively low. In this event, you would not want to pick the item as one to address.
Write Reflection Summary: Use the text box at the bottom of the page to write a reflection of 400 to 500 words describing the gaps you will work to reduce, why you selected them, and the activities you will pursue to develop your selected competencies. Choose at least one from Part 1: Leadership and at least one from Part 2: Strategic Decision Making.
Skills Gap Analysis Business Economics
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Week 1 |
Week 1 |
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Part 1: Personal Leadership Assessment, Goal-Setting, and Implementation |
Using a scale of 1 to 7, where 1 is low and 7 is high, indicate your current level of proficiency with each of the following. |
Using the same scale, select the number that best represents how important each item is for your career success. |
Gap |
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Communicating |
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1 |
Organize a document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment. (1.1) |
6 |
1 |
5 |
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3 |
Provide sufficient, correctly cited support that substantiates the writer’s ideas. (1.3) |
6 |
3 |
3 |
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4 |
Tailor communications to the audience. (1.4) |
4 |
7 |
-3 |
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Critical Thinking and Analysis |
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9 |
Identify and clearly explain the issue, question, or problem under critical consideration. (2.1) |
6 |
7 |
-1 |
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10 |
Locate and access sufficient information to investigate the issue or problem. (2.2) |
6 |
7 |
-1 |
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12 |
I can consider and analyze information in context to the issue or problem. (2.4) |
6 |
7 |
-1 |
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13 |
Develop well-reasoned ideas, conclusions, or decisions, checking them against relevant criteria and benchmarks. (2.5) |
3 |
7 |
-4 |
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Quantitative Reasoning |
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14 |
Identify numerical or mathematical information that is relevant in a problem or situation. (3.1) |
5 |
7 |
-2 |
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15 |
Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution. (3.2) |
5 |
7 |
-2 |
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16 |
Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data. (3.3) |
5 |
7 |
-2 |
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17 |
Employ software applications and analytic tools to analyze, visualize, and present data to inform decision making. (3.4) |
4 |
7 |
-3 |
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Leadership, Facilitation, and Collaboration |
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20 |
Contribute to team projects, assignments, or organizational goals as an engaged member of a team. (4.3) |
7 |
1 |
6 |
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21 |
Demonstrate diversity and inclusiveness in a team setting. (4.4) |
7 |
1 |
6 |
Skills Gap Analysis Business Economics |
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Week 1 |
Week 1 |
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Part 2: Strategic Decision Making |
Using a scale of 1 to 7, where 1 is low and 7 is high, indicate your current level of proficiency with each of the following. |
Using the same scale, select the number that best represents how important each item is for your career success. |
Gap |
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1 |
Identify the general (external) environment in which an organization operates and discuss the implications for enterprise success. (6.1) |
7 |
7 |
0 |
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2 |
Estimate size and growth of market for the organization’s product/service. (6.1.1) |
6 |
7 |
-1 |
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3 |
Identify the general environmental threats and opportunities confronting an organization and evaluate the likely implications for long- and short-term performance. (6.1.2) |
7 |
7 |
0 |
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4 |
Evaluate strategic implications for domestic and international markets of an organization’s industry. (6.2) |
5 |
7 |
-2 |
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5 |
Conduct an industry analysis to determine threats and opportunities for an organization’s strategic sustainable advantage using Five Forces Industry Structure Analysis. (6.2.1) |
7 |
7 |
0 |
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6 |
Conduct an industry analysis to determine threats and opportunities for an organization’s strategic sustainable advantage using an industry life cycle analysis. (6.2.2) |
7 |
7 |
0 |
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7 |
Analyze an organization’s internal strengths and weaknesses for strategic value. (6.3) |
7 |
7 |
0 |
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8 |
Evaluate the alignment of the organization’s mission, vision, goals and objectives with the organization’s short and long-term strategy. (6.3.1) |
7 |
7 |
0 |
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9 |
Determine the buyer value of the organization’s product/service. (6.3.2) |
5 |
7 |
-2 |
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10 |
Conduct a value chain analysis to determine the strategic value of the assets and processes of an organization (human, financial, technological, processes, etc.) (6.3.3) |
5 |
5 |
0 |
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11 |
Evaluate the likely impact of an organization’s culture and climate on its future performance. (6.3.4) |
7 |
7 |
0 |
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12 |
Develop and recommend strategies for an organization’s sustainable competitive advantage. (6.4) |
5 |
7 |
-2 |
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13 |
Identify and analyze strategic domestic and internal risks and opportunities using a SWOT analysis. (6.4.1) |
7 |
7 |
0 |
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14 |
Develop, recommend, and defend strategies to help mitigate risk. (6.4.2) |
5 |
7 |
-2 |
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15 |
Develop, recommend, and defend strategies to enable an organization to leverage opportunities for strategic advantage. (6.4.3) |
5 |
7 |
-2 |
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16 |
Evaluate and create business-level strategies for competitive advantage. (6.4.4) |
5 |
7 |
-2 |
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17 |
Identify appropriate triggers for exit or modification of strategy. (6.4.5) |
4 |
7 |
-3 |
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18 |
Evaluate and create enterprise/corporate-level strategies for competitive advantage. (6.4.6) |
4 |
7 |
-3 |
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19 |
Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions. (10.5) |
4 |
7 |
-3 |
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20 |
Develop budget and forecasts for strategic initiatives (market entry, production, operations, org. design). (10.5.1) |
4 |
7 |
-3 |
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21 |
Develop market revenue forecasts for strategic initiatives (incl. total market, target market and market share), justifying market forecast assumptions. (10.5.2) |
5 |
7 |
-2 |
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22 |
Apply cost-volume-profit analysis. (10.5.3) |
7 |
7 |
0 |
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23 |
Allocate costs of shared resources to different products and implement activity based pricing. (10.5.4) |
7 |
7 |
0 |
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24 |
Assess market risk and opportunity. (12.1) |
5 |
7 |
-2 |
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25 |
Evaluate a value proposition for a product/service and identify similarities and differences from competitive offerings.(12.1.1) |
5 |
7 |
-2 |
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26 |
Develop and/or recommend appropriate market research tools to gauge market potential of a particular product/service. (12.1.2) |
7 |
7 |
0 |
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27 |
Prepare demand estimates for potential, available and target markets for a specific product/service. (12.1.3) |
6 |
7 |
-1 |
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28 |
Complete a risk analysis of a new product/service and develop strategies to mitigate the potential risks. (12.1.4) |
6 |
7 |
-1 |
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29 |
Evaluate macro-economic and industry-wide forecasts of a select product/service and identify areas of potential risks and opportunities. (12.1.5) |
5 |
7 |
-2 |
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30 |
Analyze marketing information. (12.2) |
6 |
7 |
-1 |
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31 |
Estimate current and future demand for select products/services. (12.2.1) |
3 |
7 |
-4 |
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32 |
Prepare and defend a marketing research plan for the organization. (12.2.2) |
5 |
7 |
-2 |
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33 |
Prepare marketing plan for a new product/service. (12.3) |
4 |
7 |
-3 |
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34 |
Obtain data and information for all sections of the marketing plan. (12.3.1) |
3 |
7 |
-4 |
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35 |
Develop goals and targets to evaluate strategic marketing priorities. (12.3.2) |
2 |
7 |
-5 |
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36 |
Develop situation analysis for a particular product/service or organization. (12.3.3) |
6 |
7 |
-1 |
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37 |
Develop consumer analysis for a particular product/service or organization. (12.3.4) |
3 |
7 |
-4 |
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38 |
Design and recommend an ethical marketing strategy for a particular product/service or organization. (12.3.5) |
6 |
7 |
-1 |
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39 |
Develop financial data and projections for the proposed marketing strategy. (12.3.6) |
5 |
7 |
-2 |
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40 |
Design and recommend an implementation plan for the marketing strategy. (12.3.7) |
6 |
7 |
-1 |
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41 |
Design and recommend evaluation and control system for the proposed marketing strategy. (12.3.8) |
5 |
7 |
-2 |
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42 |
Identify and analyze new opportunities. (13.1) |
5 |
7 |
-2 |
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43 |
Evaluate the external and internal environment of an organization and identify new opportunities for the organization. (13.1.1) |
5 |
7 |
-2 |
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44 |
Evaluate an organization’s readiness for change. (13.1.2) |
4 |
7 |
-3 |
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45 |
Articulate opportunities and analyze their impact on organizational operations. (13.1.3) |
5 |
7 |
-2 |
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46 |
Create and implement new initiative or enterprise. (13.2) |
5 |
7 |
-2 |
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47 |
Establish parameters for development of new ideas in the organization. (13.2.1) |
5 |
7 |
-2 |
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48 |
Design and communicate implementation plan for the new initiative or enterprise.(13.2.2) |
5 |
7 |
-2 |
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49 |
Create a change plan including key milestones, contingencies, metrics, and a budget for a specific organization and change. (13.2.3) |
5 |
7 |
-2 |
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7 |
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Skills Gap Analysis Business Economics |
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