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Lateral Benchmarking
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Lateral Benchmarking goes well beyond typical benchmarking by looking at offerings that have something in common with your system but in a non competitive market.
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Description
COMING SOON!! Lateral Benchmarking goes beyond Competitive Benchmarking. It is typically used in Step 4 of our Systematic Innovation Process to help in idea generation and problem solving by looking for inspiration outside your industry to similar products and services that don’t compete with your offering. It is much easier to think “outside the box” when your head isn’t stuck “inside the box!” Learn specific strategies for Lateral Benchmarking.
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