1. Public vs. Private Companies SIC vs. NAICS Introduction to Management 2008-2009

2. Your Subject Librarian in Troy Colette Holmes E-Mail: holmec@rpi.eduholmec@rpi.edu Voice Mail: 518-276-8331 Office: Main Floor, Folsom Library In library: Mon - Fri, 8:30 AM – 3:00 PM Also available by appointment.

3. Public Companies Example - Hershey Company Ticker symbol (hsy) Sells stock Traded on stock exchange(s) Must report to SEC SEC filings are public record SEC (Securities and Exchange Commission)

4. Private Companies Can Vary They can be… Well known – L.L. Bean Large – Mars Long established – Ghirardilli (est. 1852) Family owned – Pinks Hot Dogs, Inc.

5. Private Companies Are Similar Example - L.L. Bean Privately owned Doesn’t sell stock to public Doesn’t file with SEC Difficult to research

6. SICs & NAICS Numeric codes Classify company by industry Example - Hershey – SIC 2066 – NAICS 311320 SIC (Standard Industrial Classification) code NAICS (North American Industrial Classification System)

7. An Example for SICs & NAICS What Do the Codes Represent? 2066 (SIC) – Sugar and Confectionary Products 311320 (NAICS) – Chocolate and Confectionary Manufacturing from Cacao Beans

8. Why Two Code Systems? SIC –Introduced late 1930s – Promoted uniform data collection – Last revised late 1980s NAICS –Introduced 1990s –Addresses new industries

9. Primary and Secondary SICs and NAICS Hershey’s primary line of business is: – 2066 Chocolate and Cocoa Products Secondary lines of business include: – 2064 (Candy & Other Confectionary Products) – 2087 (Flavoring Extracts) Source for Codes: Gale’s

10. NAICS Includes More Codes No one-to-one translation. Several “bridge” tables. U.S. Census Bureau Table: –http://www.census.gov/epcd/www/naicstab.htmhttp://www.census.gov/epcd/www/naicstab.htm

11. No Consistency across Sources Hershey Code Assignments DatabaseSIC Code SEC Edgar2060 Gale’s 2066

12. Public vs. Private Companies SIC vs. NAICS Introduction to Management 2008-2009 THE END