Do you need a PhD in finance to recognize a good company?

It is very difficult to give specific examples to pinpoint factors and their direct relationship with an industry’s performance.

As discussed earlier, when we analyze the industry we have to analyze the industry life cycle,

An industry’s strengths are its resources and capabilities that can be used as a basis for developing a competitive advantage.

The first step in performing an industry analysis is to assess the impact of Porter's five forces. 

The industry life cycle approach has important implications for the investor.

Like other living creatures, industry also has its circle of life and imitates the human life cycle.

Industry analysis helps an investor to know an industry or sector, better.

You know that we generally use terms like manufacturing industry, automobile industry, IT industry etc

In the previous chapter we have discussed about economic analysis as part of fundamental analysis.