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Industry overview and basic research skills - Coggle Diagram
Industry overview and basic research skills
what is industry : industry is a group of business that do similar things or make similar products
types of industry
retail
finance
health care
manfacturing
technology
entertainment
departments: refers to specific divisions or section that is responsible for carrying out particular functions or tasks
common types of departments
sales : directly involved in selling product or services to be customers and managing customer relationships
operations : oversees the day to day the activities of the company and ensures the business operations runs smoothly
marketing : focuses on promoting and selling the company products and services
research and development : works on developing new products or improving existing ones through innovation and research
finances : related for company finances
information technology : manages the company technology infrastructure
Human Resources : manages employee related sources
purpose of depatments
efficiency : by diving responsibilities , departments helps improve efficiency and productivity within the organization
coordination : department often work together to achieve common goals , ensuring that different function align with the company overall strategy
specialization : each department allows for specialzation , enabling employees to develop expertise in specific areas
industry research
definition: industry research means looking up information about industries to learn how they work
why do research
to learn about new trends and technologies
to understand what companies are competing in the market
to find out what jobs are in demand
steps to research a company
find sources
visit the company website
check news articles or industry reports
looking at social media pages
gather information : write down interesting facts and figures about the company
set goals : decide what you want to find out about the company ( e.g., industry structure and career opportunities)
think about it : what does this information tell you about the company and its industry ?
using linked in company and industry research.
searching for companies
use the search bar to find companies you are interested in
look at their pages for information on what they do , who works there and what job opportunities they have
learn from employee
see who works there and what their jobs are like
reach out to people for advice and insights about their careers
create a linked in profile : having a profile helps you connect with professionals
Tips for effective research
Be clear : know what questions you want to answer
use different sources : check multiple places for information to get a complete picture
take notes : write down important details you find
stay curious : industry change , so keep learning about new trends and developments