Business Resources for the Undergraduate Business Minor

Business Librarian

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Walker Management *Library
Walker Management Library
Owen Graduate School of Management
401 21st. Avenue South
Nashville, TN 37203

Industry Data and Information

Industry Research: 

To develop an understanding of an industry, you must understand its structure. For a large industry, information is easy to find.  For smaller industries, which may be fairly new or filled with "mom-n-pop" and private businesses, a different approach is needed.  Examples of where you may find industry information include:

  • Analyst reports
  • Market research reports
  • News articles
  • Industry experts
  • Trade or professional association

To learn about and understand the industry in which your company operates, there are a number of databases that can help you.  Several databases are listed below which give you an outsider’s expert opinion about an industry. Using these sources enables you to find out what information already exists, see the opinions and ideas of experts, and reach your own conclusions based on facts and analysis.

Industry Codes: 

What is an Industry?
A group of companies producing similar products/services for sale to consumers/businesses.
Basically, we try to group “like companies” together by industry, and industry code. Knowing an industry code can help you find consistent industry analysis from resource to resource by making sure you are comparing consistent industry segments.

SIC = Standard Industrial Classification See this link for SIC codes:

  • 5: Retail Trade
  • 58: Eating And Drinking Places
  • 581: Eating And Drinking Places
  • 5812: Eating Places

NAICS = North American Industry Classification System See this link for NAICs codes:

  • 72:  Accommodation and Food Services
  • 722:  Food Services and Drinking Places
  • 7221:  Full-Service Restaurants
  • 72211:   Full-Service Restaurants

First Research (Intellect)  contains:

  • Industry Overview
  • Industry Forecast
  • Critical Issues within the industry
  • Business Challenges
  • Business Trends
  • Industry Opportunities
  • Call Prep Sheets with conversation starters
  • Executive insights and talking points by C-Suite position.
  • Websites which highlight industry experts (usually Associations and Government Agencies.)

Once in First Research (Intellect) simply search for your company name and then open the report that matches their industry. The report contents are listed on the LEFT SIDE of the page.

IBISWorld: Global industry market research reports include insight on the business environment. Search by industry name, NAICS code or company name. Use for understanding market size, competitors, drafting business plans, pitch books, benchmarking, forecasting, business valuations, litigation support, due diligence and more. Search by industry name, industry code, or company name to access industry reports. Full report available in pdf format. 

Industry reports include:

  • Industry Performance
  • Industry Outlook
  • Industry Life Cycle
  • Products & Markets
  • Competitive Landscape
  • Major Companies
  • Operating Conditions
  • Key Statistics
  • Jargon & Glossary