STEP BY STEP PROCESS
1. Identify your industry.
(Keep in mind that some companies are involved in many industries).
- Find the NAICS (North American Industry Classification system) Code. The North American Industry Classification System is the standard used by the Federal statistical agencies in classifying business establishments. The 2007 U.S. NAICS Manual includes definition for each industry, background information, tables showing changes between the 2002 and 2007, and a comprehensive index.
- Find the SIC (Standard Industrial Classification) Code. Please note that most business databases are using the NAICS Code to replace the SIC Code. In some databases, you can still use the SIC Code to find information about your industry.
- You can also start looking up information about a specific company engaged in the industry. UCF Libraries subscribe to these databases to find company information - Hoovers Online, LexisNexis - Company Dossier, Business & Company Resource Center, MarketLine Business Information Center (MBIC), NetAdvantage.
2. Locate Industry Surveys, Overviews and Reports.
Industry Overviews - Use these sources to find information about a particular industry. Someone contemplating to purchase a fast-food franchise, for example, would need not only information about the financial well-being of the franchisor, but also information about the fast-food and restaurant industry in general. Depth of coverage for the sources below varies, but usually includes a review of the industry' past performance, a description of the current situation, and future projections.
- IbisWorld Industry Market Research. Provides instant access to over 700 US industries - everything from Shoes Stores to Gold Ore Mining and all industries in between.
- Standard & Poor's Industry Surveys. Access available through NetAdvantage. Provides comprehensive reports on more than 50 industries. Written by industry experts, each report begins with a survey of the current environment followed by a profile of the industry, a discussion of industry trends, an explanation of how the industry operates, key industry ratios and statistics, an invaluable section detailing how to analyze a company in the industry, and concluding with a glossary, industry references and comparative company statistics. Print copies available in the library. Located in the Main Library Reference - 2nd Floor - HC101.S7.
- Business Insights: Essentials (formerly Business & Company Resource Center). Provides a collection of industry information, including articles, financials, brand information, rankings, investment reports, company histories, and chronologies.
- MarketLine Advantage. An international market research database providing thousands of in-depth industry reports, company, and country information.
- Mintel Current. Provides hundreds of market research reports covering the U.S., UK and European consumer markets and lifestyles.
- ValueLine Research Center. Provides comprehensive source of information and advise on approximately 1,700 stocks in 98 industries, the stock market, and the economy. Timely one-page overviews of each industry is provided.
- ABI/INFORM Archive, Dateline, Global, Trade & Industry. Search this database for reports on industries and markets from the following sources - Business Monitor International (BMI) Industry Reports, First Research (D&B), and Just-Series Market Research Report.
- Business Source Premier now has international market research and industry reports from Datamonitor.
3. Locate Leading Companies and their Competitors.
Use these sources to find who the industry leaders are. These databases will provide a list of leading companies and their competitors, worldwide company report, company ranking and market share.
- Hoovers Online. Provides information on leading companies and their competitors.
- Business Insights: Essentials (formerly Business & Company Resource Center). Provides worldwide company reports and market data.
- TableBase. Database comprised of tabular information of a strategic nature. Tables provide information such as market share, market size, sales, product and brand rankings, forecast, demographics, etc.
4. Locate Market Share Data and Other Industry Statistics.
- TableBase. Database comprised of tabular information of a strategic nature. Tables provide information such as market share, market size, sales, product and brand rankings, forecast, demographics, etc. You can se=pecify "Market Share" as a Concept in your search strategy.
- Business Insights: Essentials (formerly Business & Company Resource Center). Provides access to several publications that rank companies including Market Share Reporter (Print copy located in the Main Library Reference - 2nd Floor - HF5410 .M35), and Business Rankings Annual (Library Reference - 2nd Floor - HG4061 .B892).
- NetAdvantage (Standard & Poor's). Provides comprehensive reports on individual companies and more than 50 industries. Search "Stock Reports" on a specific company to find information on market profile, and competitive landscape. Search "Company Profile" to find list of all competitors or list of competitors covered in S&P.
- IbisWorld Industry Market Research. Provides comprehensive reports 700 US industries. Each report covers "Competitive Landscape" and list of "Major Companies" including the individual company's percentage of Market Share.
- MarketLine Advantage. An international market research database that offers both company reports with market share data and other statistics. The industry reports include market value, market volume, and market share.
- DemographicsNow Library Edition. Offers up-to-date resources on demographics and extensive market-level information.
5. Porter's Five Competitive Forces.
The state of competition in an idustry depends on five basic competitive forces - buyer power, supplier power, threats of new entrants, threats of substitute products or services, and rivalry among existing firms.
- MarketLine Advantage. Ready-made analyses for specific industries using Porter's Five Force.
- ABI/INFORM Archive, Dateline, Global, Trade & Industry. This database includes industry reports from First Research, a Dun & Bradstreet Company. Porters Forces are not explicitly stated but report includes Business Challenges (changing demographics, liabilities, competition, cash flow, etc.) and Trends and Opportunities.
6. In-depth Articles about the Industry.
Articles published in leading business journals, magazines and newpapers provide additional sources of in-depth industry information. UCF Libraries subscribe to the following databases.
- ABI/INFORM Archive, Dateline, Global, Trade & Industry
- Business Source Premier
- LexisNexis Academic
- Business Insights: Essentials (formerly Business & Company Resource Center)
- Business Full Text
- General BusinessFile ASAP
- Wall Street Journal
7. Industry Norms and Financial Ratios.
- Almanac of Business & Industrial Financial Ratios - Latest 5 years in REFERENCE, other in GENERAL COLLECTION - HF5681 .R25 A45.
- Industry Norms & Key Business Rations - REFERENCE - HF5681 .R25 I53
- RMA Annual Statement Studies: Published by Robert Morris Associates. REFERENCE - HF5681 .B2 R6.
- Hoover's Online provides company/industry ratio comparison reports.
8. Industry Websites including Trade Associations.
Nearly every type of business has one or more trade or professional associations to promote its interests, share and collect information.
- Associations Unlimited. Use this database to locate approximately 460,000 internationa and U.S. membership organizations in all fields.
- You may also use Google, Yahoo Directory, and other internet search engines to identify these sites.
UCF Library, Reference Department
Collection liaison for:
Mechanical, Materials, & Aerospace Engineeirng, Industrial Engineering and Management Systems, Civil, Construction and Environmental Engineering, Electrical and Computer Engineering, Computer Science