What Is Gap Analysis and Why Is It Important to a Bank

question 9

Short Answer

What is gap analysis and why is it important to a bank?

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Definitions:

Information Overload

A state in which the amount of information available exceeds a person's ability to process it, often leading to stress or decision-making paralysis.

Organizational Cultures

Refer to the shared values, beliefs, and norms that influence how individuals within an organization interact and make decisions.

Encoding Step

The process by which information is transformed into a format that can be stored, transferred, or processed, especially in communication and data storage.

Basic Communication Process

The fundamental process involving a sender transmitting a message through a channel to a receiver, potentially including feedback.