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IBISWorld Industry Research Defining Your Clients Operating Environment. George Van Horn US Client Services Team Major Accounts Department. WWW.IBISWORLD.COM 2. IBISWorld Introduction. 40 year old Australian company / 10 years in the US
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IBISWorld Industry ResearchDefining Your Clients Operating Environment George Van Horn US Client Services Team Major Accounts Department
WWW.IBISWORLD.COM 2 IBISWorld Introduction • 40 year old Australian company / 10 years in the US • Publishes the largest collection of U.S. Industry Research & Risk Analysis available. • Publishes consistent analysis for Global Industries, Australia, China, and United Kingdom
WWW.IBISWORLD.COM 3 IBISWorld Introduction • Focus on Industry Research - the missing link between the external economy and specific companies. • Assess 30-35 Competitive Conditions that Influence Industry Health & Performance for each of 1200 US Industries and 1200 International Industries. • Provide a framework for understanding the environment an individual company operates in.
WWW.IBISWORLD.COM 4 Why Do Business Advisors Use IBISWorld? • Make 1st & 2nd Stage Research more cost effective. • Allow users to understand the industry conditions & characteristics that help identify strengths, weaknesses, opportunities, threats. • Flexible platform – applicable to both large companies (divisions), middle market and even small firms.
WWW.IBISWORLD.COM 5 “Core” Deliverables • US Industry Research (700+ report titles) • 30-40 page reports, analysis, data & graphics • Consistent Formatting & Topical Coverage • US Industry “iExpert” reports” (700+ report titles) • 4-5 page summary reports • Business Environment (200+ report titles) • Economic, demographic, financial & social forecast variables…..key drivers to industry forecasts
WWW.IBISWORLD.COM 6 New Resources Available 2013 • US Specialized Industry Reports (525+) • Focused on more narrowly defined product/service segments & “emerging industries”. • 4-6 New Reports are added every week. • Global Industry Reports (75+) • China Industry Reports (200+) • UK Industry Reports (400+) • AU Industry Reports (500+)
WWW.IBISWORLD.COM 7 Why Industry Research Matters……
WWW.IBISWORLD.COM 8 Industry Matters • Industry conditions can vary widely within the economy and broad economic sectors. • Coverage at a 5 digit NAICS level of detail provides a better connection between the economy and company specific conditions. • Companies have an incentive to target the best opportunities (customers) and avoid the laggards.
WWW.IBISWORLD.COM 9 Food& Beverage Conditions Vary (*) Risk = the difficulty of the business environment
WWW.IBISWORLD.COM 10 Retail Has Winners & Losers ... (*) Risk = the difficulty of the business environment
WWW.IBISWORLD.COM 11 SBDC’s / ITC’sWork Better & Smarter
WWW.IBISWORLD.COM 12 SBDC / ITC Industry Research Applications • Business Planning / Strategy • Funding / Credit • Economic Development (*) • Prioritize opportunities, work smarter, • faster & be more successful!
WWW.IBISWORLD.COM 13 SBDC/ITC Applications • Meeting Preparation with iExpert Summaries • Business Plans & Startups • Business Expansion • Loan Assistance • High Level Strategy • Consulting (marketing, sourcing, credit)
WWW.IBISWORLD.COM 14 Identifying the Right Industry Or The Best Alternatives
WWW.IBISWORLD.COM 15 Searching for an Industry • Search against All Report Databases • Or go to a selected Report Database landing page
WWW.IBISWORLD.COM 16 Searching via Industry Lists From the Report Database landing pages… • Reveal Sector Lists or Scroll Down to review the full NAICS Structure of US Reports by Sector • Clicking any Sector and then title will take you to the individual report
WWW.IBISWORLD.COM 17 Searching for an Industry Tips: • NAICs code (5 digit) search will work very well…… • Searching by large company name will work well….(each report identifies top 4-6 companies in an industry) • By industry title (i.e. broad product category “appliance”)will produce good results…. • By product/service (i.e. narrow product ..refrigerator)will require more effort and closer scrutiny…..
WWW.IBISWORLD.COM 18 Searching for an Industry When only a product / service description is available • http://www.census.gov/eos/www/naics/ • use 2007 NAICs Key Word Search box….”Bench”
WWW.IBISWORLD.COM 19 Searching for an Industry • From “Bench” search, select an industry title…. • If product description is applicable, search IBISWorld for related 5 digit code.
WWW.IBISWORLD.COM 20 Searching for an Industry Q: What if the product or service is too narrowly defined? A: Identify and use the best components available • Economic Drivers • Consumer Recreational Spending • Time Spent on Recreational Activity • Time Spent Playing Sports • Key End-Markets • State Parks • Amusement Parks • Golf Courses • Wholesalers • Key Suppliers • Input A. • Input B. • Input C. Bench Manufacturing • Threat of New Entrants / Substitutes • Import Trade ? • Substitute Product (material)
WWW.IBISWORLD.COM 21 Summary • IBISWorld industry research content allows users to understand the competitive conditions that influence industry health and performance. • Industry characteristics and attributes allow users to better evaluate & understand individual companies …..those you do business with. • Industry research supports better relationships with those you do business with & those you want to do business with. 21
WWW.IBISWORLD.COM 22 Let’s Visit the Web Site
Thank You georgev@ibisworld.com 917-267-0341 WWW.IBISWORLD.COM