BENCHMARKINGProduct or Service Benchmarking |
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Product or Service Benchmarking studies are detailed product feature and benefit comparisons undertaken to assess the relative competitive strengths and weaknesses of participants in a particular product/service area. These studies can be structured as an audit, experiential review, or challenge study. In constructing an audit, our analysts review published articles, manufacturer literature and package inserts, follow-up with manufacturers' technical service departments, and conduct field interviews with end-users, as required. Experiential reviews would expand upon this analysis to include performance in the field. A common example would be a comparison of the hands-on time required to perform testing on competitive systems (time motion study). A challenge study would assess performance against a defined protocol, such as a challenge panel or proficiency analysis. Once established, these comparisons can be updated periodically on either a comprehensive (all products) or selected basis (specific product), as required. |
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CaseBauer practices in five areas: Market Modeling, Strategy/Business Development, Benchmarking, Market Research and Business Services. |