Using information from the ABI Inform and GlobalEdge Databases of Industry Performance, select data on the following subset of industries:
automobile
healthcare
financial services
consumer goods
telecoms and technology
Based on the data you find, discuss your views on the following questions.
1. What kinds of industries tend to be better performers in the medium to long term? Why? What kinds of industries tend to do poorly in the medium to long term? Why? Refer to the readings to support your views.
2. Can you make the claim that some industries are inherently more profitable than others? Provide arguments and examples to justify your response.
3. Which industry would you recommend for your team's strategy project? Justify your recommendation.