Industry Outlook/Economic Analysis

PLEASE USE ANY BUSINESS

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/):

o

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

o

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 (ONE 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? (ONE 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 LINES :

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 LINES below to explain)?

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

Business Opportunities:

Related to Technology

oOpportunity 1:

oOpportunity 2:

Related to Globalization

oOpportunity 1:

oOpportunity 2:

5 Key Takeaways ( 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: