Industry analysis is a very helpful tool for business strategists and economists. It is based on the thought that profit margins vary between different companies, which can be elucidated by the structure and performance of an industry. The primary purpose of an industry analysis is to determine the core working of an industry. However, the analysis also provides a preliminary start for conveying strategy and understanding the competitive operations which a company runs.
Industry analysis is a fair assessment tool aimed to provide a business with an idea of the density of a particular industry. Industry analysis involves reviewing the economic, political and market factors that indirectly and directly influence the way the industry develops. Major factors can include the authority exerted by suppliers and buyers, the state of competitors, and the possibility of new market players.
Industry analysis template helps executives:
- Identify your Industry and provide a brief overview of the industrial beneficiaries.
- Summarize the efficiency of the industry by including specific information and statistics about growth patterns, variations related to the economy, and income forecasts made about the industry.
- Provide a forecast for your industry by compiling economic statistics and industry predictions at different times.
- List all the potential limitations and risks of collecting factors that might negatively influence your business and what you predict in the short-term and long-term future.
Use this template to compare your business to your industry.
File Format: Microsoft Excel | File size | Download