The World of Business & Business Information Class #1
Starts with a Need and an Idea on meeting that need Continues with Money Grows with people & suppliers Survives with customers Competitors keep you challenged and growing; validates the need. Business is a social science
ELEMENTS Publishers Industries Problems
Industries PUBLISHERSPUBLISHERS Data Needs Sales Prospecting Suppliers & Supply Chain Business Process Manufacturing Process Service Process Distribution Process Accounting /Financial Human Resource/Compensation Marketing Regulation Agriculture, Forestry Fishing Mining Construction Manufacturing Food & tobacco Chemicals& Pharmaceuticals Petroleum Electronics & Computing Automotive etc Transportation Wholesale trade Retail Trade Finance, Insurance & Real Estate Services Gale/Thomson SDC/Thomson ProQuest/Bell&Howell CorpTech Dun & Bradstreet US Government SEC Commerce Dept Disclosure/Thomson Media General Standard & Poors Moody’s Associations Research Firms Investment Banks Trade Publications Press Business Information Cube
Publishers Secondary Thomson Gale Company Intelligence Promt Trade & Industry Management Contents F&S Newsletter Database Securities Data Corporation M&A Venture Economics Disclosure UMI/Bell&Howell ABI/Inform Business Dateline CorpTech RDS (Responsive Database Services) TableBase Business & Industry Business Management Practices Dun & Bradstreet Experion Media General Standard & Poors Moody’s Thomas’ Register Investment Banks Trade Publications Press Primary Associations Research Firms Company Documents US Government SEC Commerce Dept/Census Courts State Government
Aggregators Dialog/Thomson Lexis/Nexis Dow Jones Alacra MetaSites Investex/Thomson Multex FirstCall/Thomson OneSource Hoovers Global Access/Thomson
UT Aggregators UT Libraries Business Information Center: Business by topicBusiness Indexes & Databases-business alphabeticalIndexes & Databases-business UT McCombs Business Information Center Business (multiple approaches: Keyword, Topic, orBusinessKeywordTopic Resources Databases Online Journals Corporate Directories Course Guides Tutorial
Industries Discussion on how the Economy is organized SIC Code NAICs Code Primary Secondary SEC, Commerce Dept D&B Investment Banking Codes
Industries SIC Classifications Agriculture, Forestry Fishing Mining Construction15-17 Manufacturing Food & tobacco 20 Chemicals& Pharmaceuticals 28 Petroleum 29 Electronics & Computing 36 Automotive 37 Transportation/Communications/Utilities Wholesale trade Retail Trade Finance, Insurance & Real Estate Services Public Administration NonClassifaiable 99 NAIC Classification NAICS bridge rdg/
Information Problems Accounting /Financial (CFO) Manufacturing Businesses & Process (COO) Marketing (VP Marketing) Sales Prospecting (VP Sales) Suppliers & Supply Chain (VP Product Development) Distribution Businesses & Process (VP Business Development) Human Resource/Compensation/Management (CFO) Regulation (VP Marketing, Product Development)
CEO & CFO CEO –Vision and Leadership –Understands Products, Market size, Growth and Customers –Salesman par excellence to Financial community (Investment banks, Bankers and VC’s) –Salesman to the customers & employees –CFO »Makes the numbers work »Reports on problems »Overseas HR
COO & Product Development COO –Runs manufacturing –Runs purchasing, warehousing, shipping –Runs internal operations –Can oversee HR VP Product Development –Needs best Suppliers –Needs competitors specifications –Needs customer needs and wants –Needs data on regulations –Likes technical information –Gets direction from Marketing
VP Marketing; Sales; Business Development Marketing –Needs data on industry trends, size and growth –Needs data on competitors’ advantages Sales –Needs prospect lists –Needs competitor data for customer visits –Needs prospective customer details for a visit –Needs a good CRM, Sales Automation software Business Development –In charge of strategic alliances
Go Back to UT aggregators & start matching problems with sources – UT Libraries Business Information Center: Business by topicBusiness Indexes & Databases-business alphabeticalIndexes & Databases-business –UT McCombs Business Information Center Business (multiple approaches: Keyword, Topic, orBusinessKeywordTopic Resources –DatabasesDatabases –Online JournalsOnline Journals –Corporate DirectoriesCorporate Directories –Course GuidesCourse Guides –TutorialTutorial