benchmark in marketplace analysis
benchmark in marketplace analysis
ISYS2110.Internet for Business > Week 5
I would like to ask you about the benchmark in marketplace analysis. Could you provide me some information? What I should include in that? Thank you.
Answer:
That means when you are doing competitor analysis, the benchmarks (used to evaluate your competitors) need to be identified from your industry sector's best practice. You also require to look beyond its industry sector at what leading companies such as Amazon are doing. For example, a company in the financial services industry could look at google and yahoo to see if there are any lessons to learn on ways to make information pro-vision easier.