Industry OutlookEconomic Analysis

Industry Outlook/Economic Analysis

Industry Outlook/Economic Analysis

Your Name:

Your Business Name (simply identify your business here):

Your Industry/Sector (simply identify your industry here):

Economic Factors (provide the data/information for each area; locate the information using the provided links):

· US GDP (https://tradingeconomics.com/united-states/gdp and https://www.bea.gov/):

·

· Minimum Wage your state (https://www.minimum-wage.org/wage-by-state):

·

· Corporate tax rates in your state (http://www.tax-rates.org/taxtables/corporate-income-tax-by-state):

· How do these factors affect your business costs and the other main operational costs are associated with your business (write a paragraph to discuss below)?

· Exchange Rate (https://x-rates.com/) enter below:

US Dollar	$1.00
Euro
Canadian Dollar
Peso

How do these exchange rate numbers affect your business? (write a paragraph to discuss below):

Internal Economic Analysis (your business). Rate each from 1 to 10 (ten being the best) and then explain why you chose that rating in 2-3 sentences:

Factor	Rating (1-10)
Quality of Human Capital	Rating: Why did you give it that rating compared to the industry?
Technology/Equipment	Rating: Why did you give it that rating compared to the industry?
Capital	Rating: Why did you give it that rating compared to the industry?
Innovation	Rating: Why did you give it that rating compared to the industry?

External Economic Analysis (Competition) Rate each from 1 to 10 (ten being the best):

Factor	Rating (1-10)
Quality of Human Capital	Rating:
Technology/Equipment	Rating:
Capital	Rating:
Innovation	Rating:

How do you justify these ratings for the industry (write 3-4 sentences below to explain)?

What is the justification of the ratings for your business versus the industry (write 3-4 sentences below to explain)?

Business Opportunities:

· Related to Technology

· Opportunity 1:

· Opportunity 2:

· Related to Globalization

· Opportunity 1:

· Opportunity 2:

5 Key Takeaways (write a paragraph to support each):

1. Key Takeaway 1:

2. Key Takeaway 2:

3. Key Takeaway 3:

4. Key Takeaway 4:

5. Key Takeaway 5:

5 Steps for improvement (list five action steps/plans to improve your business’ economic situation):

1. Action Plan 1:

2. Action Plan 2:

3. Action Plan 3:

4. Action Plan 4:

5. Action Plan 5:

Industry Outlook/Economic Analysis 1

Industry Outlook/Economic Analysis 2