40 likes | 204 Views
Benchmarking. Benchmarking. 1. Select Target Population Random Sample Representative for Target Market 2. Find Criteria Important for Purchase Critical Factors of Success Factor Analysis 3. Compare Critical Factors of Success with Strongest Competitor. Benchmarking
E N D
Benchmarking 1. Select Target Population Random Sample Representative for Target Market 2. Find Criteria Important for Purchase Critical Factors of Success Factor Analysis 3. Compare Critical Factors of Success with Strongest Competitor
Benchmarking BMW versus Mercedes USA B = BMW M = Mercedes = B higher Satisfaction = M higher Satisfaction Price B M Quality M B Performance B M Maintenance M B Service B M Style B M Image B M Satisfied unsatisfied
Benchmarking BMW versus Mercedes USA five years later B = BMW M = Mercedes = B higher Satisfaction = M higher Satisfaction Price M B Quality M B Technical Performance B M Maintenance M B Service M B Style B M Image B M Satisfied unsatisfied