Why industry analysis should appear early in a business plan

Strategist Organizations need to focus on strategic matters on a more or less continuous basis in the modern business world. Business analysts, serving this need, are well-versed in analyzing the strategic profile of the organization and its environment, advising senior management on suitable policiesand the effects of policy decisions.

Why industry analysis should appear early in a business plan

Andreas Clenow in Articles May 15, 88 CommentsViews The poor reputation of technical analysis is well deserved.

The way this field has expanded makes it very difficult to take it seriously. Professionals stay clear of the term technical analysis for good reason.

What is technical analysis? There is no definition. Anyone can make up anything and call it technical analysis.

The field now seem to encompass everything from drawing trend lines to astrology. Technical analysis started out with quite simple concepts, which are not all that dumb. In the early days, it was about looking for directional trends in prices and divergences between related market indexes.

Experience told traders that when prices start moving in one direction, they are more likely to continue than to reverse. Technical analysis was just a way to visualize this concept. Divergences was mostly about comparing the Dow Jones Industrial with the Dow Jones Transport, the two most important indexes at the time, and draw conclusions from potential differences.

Again, experience had taught traders that extreme short term moves are often followed by a sudden pullback.

Why Is Industry Analysis Important? | heartoftexashop.com

Common sense things where technical analysis was used as a tool to visualize abstract phenomena. Then the problems set it.

The visual nature of technical analysis lends itself to get-rich-quick stories. Why waste time learning tough things and gaining real life experience when all you have to do is look at a chart and draw some lines? It was only a matter of time before this field was completely taken over by snake oil salesmen.

To be fair, some of them are probably just delusional and not outright immoral. There are no rules for what technical analysis is.

Industry Analysis: Why It is Important to Use a Strategic Management Model

So it became everything. In particular, everything that is easily sold. The more colorful naming and background story, the easier the sell. At first we had the indicator explosion.

An easy way to get famous in the field is to create an indicator. Especially if you manage to get that indicator included in standard technical analysis software packages. So everyone and his grandmother started making indicators in hopes of fame.

Just get those parameters right. Then we have the field of exotic names. Doji, three little soldiers, spinning dragons, crouching tigers, ichimoko, harami, spanking monkeys, and tons of more colorful names.

Down the rabbit hole we go Trust me. Would these eyes lie? The next step is the outright lunacy. The world of utter fantasy. You might want to drop some acid before going down this route to help the suspension of belief. Fibonacci numbers are for the mathematically challenged.

Sure, you can go ahead and flame me now. With a little creativity you can fit anything you want to a Fibonacci retracement, projection etc. Instead of saying that sometimes prices move back by around a third, this silly back story would have you believe that the prices should move exactly Business analysis is a research discipline of identifying business needs and determining solutions to business problems.

Solutions often include a software-systems development component, but may also consist of process improvement, organizational change or strategic planning and policy development. Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get.

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why industry analysis should appear early in a business plan

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A key part of any business plan is the market analysis. This section needs to demonstrate both your expertise in your particular market and the attractiveness of the market from a financial standpoint. The main problem is a lack of competent quality control over published “science” at a prestigious Go8 university we should be able to trust.

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