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Actual exam question for CIPS's L4M8 exam Question #: 160 Topic #: 1
Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?
Suggested Answer:
Benchmarking is the process of comparing a function, process or performance with another which is best-in-class. Benchmarking is either internal or external. External benchmarking has three types; 1) Competition benchmarking, 2) Functional 3) Generic Company Toyota with the Porsche a competition in the same industry and by suggesting that drives will find the cars performances comparable with that of Porsche Cayman sports car, suggest think it is an external competitive benchmark.
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