What Is an Industry Analysis and What Types of Information

question 20

Essay

What is an industry analysis and what types of information must be gathered to conduct such an analysis effectively?

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Definitions:

Stakeholders

Individuals or groups that have an interest, concern, or stake in a project, company, or decision, affecting or being affected by the outcome.

Employees

Individuals hired by a business or organization to perform work in exchange for compensation.

Social Responsibility

The idea that entities, whether individuals or organizations, are obligated to act for the benefit of society at large.

Community

A group of people living in the same place or having a particular characteristic in common.