What are the Key Factors to Consider in an Industry?
- Market Size and Growth Rate: Understanding the current size and projected growth of the market. - Competitive Landscape: Identifying major players and their market share. - Regulatory Environment: Knowing the laws and regulations that govern the industry. - Technological Advancements: Being aware of the latest technologies and innovations. - Consumer Trends: Understanding customer preferences and behavior. - Economic Conditions: Considering factors such as interest rates, inflation, and economic cycles.