A lot of research goes into understanding how industry grow and decline. Business scholars need to learn about the internal and external factors that determine industrial changes and how companies survive in a changing world. Therefore, a database like IBISWorld is helpful.
From the home page, search for a specific industry by name. Usually industry names correspond to the North American Industry Classification System (NAICS) designation.
Clicking Industry Research in the upper toolbar and selecting an a type of report allows for browsing, so you can see all the Manufacturing or Retail industries available.
These reports are updated frequently so information is as current as possible - a benefit for Business researchers, since currency is key for decision making.
Reports are succinct and include helpful tables and graphs to help researchers visualize the data included.
Different reports provide different types of information. For example, the iexpert summaries include useful data on internal and external affecters as well as cost structures.
Also, for the past year, IBISWorld compiles information on the affect the COVID-19 has had on various industries.
This data may be downloaded in excel format and used to understand how a global pandemic affects every aspect of the industrial world. Data is updated regularly (usually weekly) so researchers can track the virus' impact through various industries.
IBISWorld offers many ways to help you learn about the databases features including extensive FAQ and tutorials.
And you are welcome to join us for a brief webinar / demonstration of the database on April 21 at 12 noon PDT! Register early to attend.
0 Comments.