{"id":140606,"date":"2023-06-15T04:18:05","date_gmt":"2023-06-15T04:18:05","guid":{"rendered":"https:\/\/businessyield.com\/?p=140606"},"modified":"2023-06-15T04:18:34","modified_gmt":"2023-06-15T04:18:34","slug":"industry-analysis","status":"publish","type":"post","link":"https:\/\/businessyield.com\/bs-business\/industry-analysis\/","title":{"rendered":"INDUSTRY ANALYSIS: What It Is & How to Write One","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Studying competition and market trends is essential for businesses to assess the market and form a business plan. Industry analysis reports help investors and stakeholders assess the potential of a venture and identify barriers to market entry. <\/p>

This article will show you what an industry analysis is and how to write one. <\/p>

What is an Industry Analysis?<\/span><\/h2>

Industry analysis is a method for displaying a company’s position in relation to other businesses offering comparable services and goods. Business analysts use it to examine market competition, and aid businesses in understanding opportunities, threats, and the demand-supply curve. <\/p>

An industry analysis presentation helps business owners devise strategies and formulate a business plan based on the analysis. Here are some advantages of making an industry analysis for each new company:<\/p>