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The defense industry, including aerospace, is huge and complex. It serves both military and commercial markets. It designs, manufactures, and services everything from commercial planes to jet fighters to single-prop private planes and traffic helicopters, from the space shuttle to mission control software, from radar systems to rocket-guidance systems, from missiles and submarines to aircraft carriers.

Its vast array of products includes tanks, spy satellites, flight simulators, munitions, commercial and private jets, communications satellites, consumer electronics, and (job seekers take note) countless small parts, components, and subsystems. The industry comprises not only the big employers (Boeing, Lockheed Martin, and Raytheon are the big three in aerospace), but also thousands of smaller suppliers—makers of everything from airplane cabinetry to high-tech materials to specialized machine tools for cutting silent submarine propellers.
Today, the industry is significantly smaller than it was in its heyday—and that translates to more competition for fewer jobs. But make no mistake about it: The aerospace and defense industry remains immense.
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<p class="p-no-margin">Companies in the security systems services industry sell, install, and monitor commercial and residential electronic security alarm systems. Major companies include US-based ADT and Johnson Controls, along with G4S (UK), Secom (Japan), and Securitas (Sweden).</p>

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<p class="p-no-margin">Global security services industry revenues total more than $130 billion, according to Statista. Asia (excluding Japan holds the largest share of the market at about 40%, followed by Europe and North America. Emerging markets with rising middle-class populations are expected to see the strongest growth.</p>

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<p class="p-no-margin">The US security systems services industry includes about 7,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $22 billion.</p>

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THIS PROFILE IS COURTESY OF MILITARY.COM – <a title="SECURITY AND DEFENSE PROFILE" href="http://www.military.com/veteran-jobs/search/aerospace-defense-jobs/aerospace-defense-industry-overview.html" target="_blank" rel="noopener noreferrer"><strong>CLICK HERE FOR MORE ON THIS PROFILE</strong></a>

Sources: www.military.com , https://www.alliedmarketresearch.com , www.vault.com, www.dnb.com

Security and Defense Industry Focus – Raytheon, Lockheed Marti...

Strategy And Synergy Session – Tuesday June 10th, 2025 @ 9.30a...

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The term information technology (IT), sometimes called information and communications technology or ICT, encompasses a vast range of activities. These include:
Computer programming
Computer consultancy
Computer gaming
Computer networking activities
Computing facilities management
Data processing
Data hosting activities
Internet service provision
Telecommunications
Web portals

The sector is highly innovative and subject to constant technological development. It is also the source of dramatic changes in business practices in all other industrial sectors. Consumers and businesses now expect to be able to communicate with each other instantly and IT has driven huge increases in productivity in recent decades. A process of convergence has also been underway for some time between IT and telephony, driven by transforming voice traffic from an analogue signal to a digital packet, indistinguishable from other data packets travelling through a computer network.

Cloud computing services are now providing yet another catalyst for ICT convergence, and a revolution in the way businesses operate. Telecommunications carriers are gradually moving IT systems and internet data centers into the cloud, while uniform standards are being developed to speed rapid cloud development. One of the main advantages of cloud computing for businesses is that they no longer need to buy or maintain expensive and energy-draining servers. IT administration, including licensing issues, software updates, and IT security management, is looked after by the cloud computing provider. Cloud computing also allows a dispersed workforce to work effectively, and collaborate easily, even if they are stretched around the globe.

Companies in this industry provide services such as software support, computer systems design, and data processing facilities management. Major companies include Cognizant, DXC Technology, and the technology consulting arm of IBM (all based in the US), along with Accenture (Ireland); Capgemini (France); and HCL Technologies, Infosys, Tata Consultancy Services, and Wipro (all based in India).

Worldwide IT spending is projected to reach about $5 trillion in 2023, an increase of 5.1% from 2022, according to Gartner. Demand for IT in 2023 is expected to be strong as enterprises push forward with digital business initiatives. Digital technology initiatives will remain a priority for the industry, driven by the changing work landscape to accommodate complex hybrid work for employees.

The US information technology (IT) services industry includes about 145,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $445 billion.

THIS PROFILE IS COURTESY OF QFINANCE.COM – CLICK HERE FOR MORE OF THIS PROFILE

Sources: www2.deloitte.com , https://www.schwab.com , https://www.gartner.com , https://www.racksolutions.com , https://www.vault.com , www.dnb.com

Technology Industry Focus: Microsoft, Apple, Google, Facebook, Huawe...

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INDUSTRY OVERVIEW:

The U.S. media and entertainment (M&E) industry is the largest in the world. At $717 billion, it represents a third of the global M&E industry, and it includes motion pictures, television programs and commercials, streaming content, music and audio recordings, broadcast, radio, book publishing, video games, and ancillary services and products. The U.S. industry is expected to reach more than $825 billion by 2023, according to the 2018-2023 Entertainment & Media Outlook by PriceWaterhouseCoopers (PwC).

Filmed Entertainment (Motion Pictures, Television, and Video)
The U.S. filmed entertainment industry encompasses films, movie theaters, TV subscriptions and electronic home video production, and distribution and consumption. Box office receipts are expected to surpass $11 billion in 2019 (this figure includes projected cinema advertising earnings of $991 million). TV and home video earnings are expected to reach $96 billion in 2019. Due to the rapid expansion of streaming video on demand (SVOD), television subscriptions are expected to experience a slight decline (to $91 billion) through 2019.

Box office numbers are expected to grow as theaters adopt digital screens, increase ticket prices, diversify concession options, offer consumer products such as movie or brand related merchandise, and offer membership discounts to attract viewership. Traditionally the film industry consisted of multinational umbrella corporations, major studios, and independent studios or “indies.” Today, multi-channel networks engage in the filmed entertainment sector and SVOD platforms are major drivers in the filmed entertainment sector.

Drawing on formidable strengths, the U.S. film industry has a proven ability to produce films that generate hundreds of millions of dollars, including revenues from distribution across strong domestic and international networks. Success in the industry is based on creativity and financing, and the industry is largely self-regulated. The U.S. market has a large talent pool of writers, actors, producers, directors and technical experts, and is home to a variety of film crews, post-production firms, backdrops, and infrastructure to support production. U.S. filmmakers also receive critical protections for their intellectual property.

Many of the leading motion picture studios are part of larger media conglomerates that often include television, video and streaming services, music services, newspaper, cable and magazine segments. The U.S. filmed entertainment sector enjoyed a trade surplus of $10.3 billion in 2016 (latest available data), which was roughly 4 percent of the total U.S. private sector services trade surplus that year.

The industry offers attractive possibilities for international companies, both large and small, and provides film production tax incentives. With the shift toward digital production and distribution, foreign firms are continually seeking out U.S. digital and animation expertise and new formats.

Music
The U.S. recorded music industry (including concerts and touring) grew to $22 billion in 2019. Collectively, it is the largest global music market. Aside from contracting physical music sales, all segments of recorded music are up, including digital, streaming, and sync licensing. Since overtaking physical music sales in 2014, digital sales have helped the music industry adapt to a fast-changing entertainment landscape (royalties are expected to reach $1.1 billion in 2019). Live and recorded music sales are rising, and digitally recorded music is expected to grow just under $1 billion in 2019. Many companies in the industry have diversified, signing sync deals with vertical businesses for TV ads, in-flight entertainment, satellite radio, restaurants, touring, live entertainment, and merchandise. The United States also has the world’s largest performance rights market and earns half of global sync revenues.

Digital technologies have revolutionized the music industry by creating high quality, low-cost recording technologies and digital distribution, along with the proliferation of devices to download and listen to music. Future industry growth is likely to come from diversified services as they capitalize on vertical business opportunities to license brand name products and services, packaging consumer experiences around touring and live music, bundling music services with other online content services and more. Streaming services will continue to grow and offer more personalized services for consumers. The consumer has more power to influence digital entertainment industries than ever before.

Video Games
The U.S. gaming industry accounts for a significant amount of the M&E industry, and revenues are expected to reach nearly $26 billion in 2019. Today’s consumers have access to multiple devices for gaming, including PCs, mobile phones, digital or physical consoles, and tablets. The sector is comprised of: physical, digital, and online games; mobile apps; and virtual and augmented reality (VR/AR). Electronic sports, also known as “eSports” or “e-sports”, includes professional gaming, in which players compete before a live audience, and the industry is growing quickly: $281 billion in 2019, more than double its size in 2016. In 2019, eSport media rights earnings will have quadrupled to $69 million in that same period. (NOTE: eSports earnings data are currently available for about ten key markets worldwide).

The industry is constantly innovating and bringing new applications to market. VR is the use of digital technology to replace reality with a complete and realistic, immersive simulation, while AR is interaction with computer-generated content overlaid with the “real world”. Using VR/AR, U.S. developers and scientists are producing cutting-edge solutions in healthcare, education, online shopping, and entertainment. VR gaming has grown more than 14 percent since 2018.

SPORTS
Over the past 20 or 30 years, the major trend in sports has been the tremendous growth in revenues, primed by televised broadcasting of games. This innovation led first to increased advertising sales, then to sponsorships, and then to stadium naming rights. Player endorsements provide a human (or superhuman) face to these sports-marketing efforts. Over time, teams and leagues have become much more business-minded, and revenues have increased many times over. This transformation has fueled the need for business people to wheel and deal, and squeeze as much money out of every sporting event or deal as possible.

However, sports consumers (whoops, make that “fans”) are becoming increasingly disillusioned with the transformation of sports into a money-making machine, one that has encouraged player hubris, corporate intrusion, and a general disregard for the fans. Older fans have voted with their, um, backsides, by keeping them at home rather than seating them in stadiums. And younger people have moved toward “action” sports more to their liking, such as snowboarding and BMX, as these are exactly the kinds of things they like to do themselves.

As consumers retreat, corporate sponsors are forced to be more selective in their campaigns, usually by targeting as closely as possible the demographic they are after. They are also demanding more from sponsorship deals. Valuation services is a growing segment of sponsorship, since it attempts to quantify and evaluate the return on investment of any such deal.

Companies in this industry sector produce or promote live entertainment and other events, operate amusement and leisure activity facilities, or preserve and exhibit objects and sites of historical or cultural significance. Major companies and organizations include Creative Artists Agency (CAA), Las Vegas Sands, Live Nation Entertainment, the New York Yankees, the Smithsonian Institution, and Walt Disney Parks and Resorts (all US-based); as well as Cirque du Soleil (Canada); Galaxy Entertainment (Hong Kong); IGT, Merlin Entertainments, and William Hill (all based in the UK); the Louvre (France); and Real Madrid (Spain).

The global recreation market is forecast to grow to more than $2 trillion in 2027 at a compound annual growth rate (CAGR) of 3.7%, according to The Business Research Company.

The US arts, entertainment, and recreation sector includes about 140,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $265 billion.

THIS PROFILE IS COURTESY OF WETFEET.COM – YOU CAN VIEW THE FULL PROFILE BY CLICKING THIS LINK

Sources: https://www.wetfeet.com , www.pwc.com , www.wetfeet.com , www.selectusa.gov , www.dnb.com

Entertainment And Sports Industry: Creative Artists Agency (CAA), La...

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Companies in this industry sector grow crops, raise or fatten animals for animal products, and grow and harvest timber. Major crop production companies include AMAGGI, Chiquita, Dole Food Company, Fresh Del Monte Produce, Sunkist Growers, and Total Produce; major animal production companies include Agri Beef, Dairy Farmers of America, JBS SA, and WH Group. Major timber operations include PotlatchDeltic, Resolute Forest Products, Stora Enso, and Weyerhaeuser.

The global agricultural market was about $12 trillion in 2022 at a compound annual growth rate (CAGR) of 9.4%, according to The Business Research Company. According to Investopedia, the US, China, India, and Russia are among the top cereal and vegetable crop producers. Top wood product sources include Canada, Russia, Sweden, and the US, according to WorldsTopExports.

The US agriculture and forestry sector includes about 2 million farms and about 3,000 timber companies with combined annual revenue of nearly $500 billion.

In 2016, 21.4 million full- and part-time jobs were related to the agricultural and food sectors—11.0 percent of total U.S. employment. Direct on-farm employment accounted for about 2.6 million of these jobs, or 1.4 percent of U.S. employment. Employment in agriculture- and food-related industries supported another 18.7 million jobs. Of this, food service, eating and drinking places accounted for the largest share—12.2 million jobs—and food/beverage stores supported 3.2 million jobs. The remaining agriculture-related industries together added another 3.3 million jobs.

In 2015, the U.S. food and beverage manufacturing sector employed more than 1.5 million people, or just over 1 percent of all U.S. nonfarm employment. In over 34,000 food and beverage manufacturing plants located throughout the country, these employees were engaged in transforming raw agricultural materials into products for intermediate or final consumption. Meat and poultry plants employed the largest percentage of food and beverage manufacturing workers, followed by bakeries, and fruit and vegetable processing plants.

The US agriculture and forestry sector includes about 2 million farms and about 3,000 timber companies with combined annual revenue of nearly $500 billion.

Industry Forecast

Revenue (in current dollars) for US agriculture and forestry production is forecast to grow at an annual compounded rate of 4% between 2023 and 2028, based on changes in physical volume and unit prices.

Logging workers earn about the same as the national average. Injuries are commonly due to hazards associated with overexertion and operating heavy equipment and is about the same as the national average.

Agriculture and Food Industry: AMAGGI, Chiquita, Dole Food Company, ...

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The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products.

Establishments in the Manufacturing sector are often described as plants, factories, or mills and characteristically use power-driven machines and materials-handling equipment. However, establishments that transform materials or substances into new products by hand or in the worker’s home and those engaged in selling to the general public products made on the same premises from which they are sold, such as bakeries, candy stores, and custom tailors, may also be included in this sector. Manufacturing establishments may process materials or may contract with other establishments to process their materials for them. Both types of establishments are included in manufacturing.

Manufacturing is the production of goods for use or sale using labor and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users – the “consumers”.

Manufacturing takes turns under all types of economic systems. In a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In mixed market economies, manufacturing occurs under some degree of government regulation.

Modern manufacturing includes all intermediate processes required for the production and integration of a product’s components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead.

History and development
In its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. Training was by apprenticeship. In much of the pre-industrial world, the guild system protected the privileges and trade secrets of urban artisans.

Before the Industrial Revolution, most manufacturing occurred in rural areas, where household-based manufacturing served as a supplemental subsistence strategy to agriculture (and continues to do so in places). Entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system.

Toll manufacturing is an arrangement whereby a first firm with specialized equipment processes raw materials or semi-finished goods for a second firm.

Companies in this industry manufacture a wide variety of goods; major product groups include food and beverages, chemicals, machinery, transportation equipment, and computers and electronics.
Major companies include Pfizer, Unilever, Procter & Gamble, and Tyson Foods (all based in the US); Nestlé (Switzerland), Sanofi (France), Siemens (Germany), and Toyota Motor (Japan).

The global manufacturing sector generates about $12 trillion in annual revenue, according to the UN. Top manufacturing countries include China, the US, Japan, Germany, South Korea, India, Italy, France, and the UK. Leading exporting countries include China, the US, Germany, the UK, Japan, France, the Netherlands, and South Korea. Growth drivers include rapid industrialization in the developing world, along with the use of technology to improve products and supply chains.

The US manufacturing sector consists of about 256,000 companies with combined annual sales of about $5.4 trillion.

The US manufacturing industry appears back on track and is likely to surpass growth expectations for two consecutive years in a row. Deloitte projections based on the Oxford Economic Model (OEM) indicate the 2018 manufacturing GDP numbers are likely to register a 3 percent upswing over 2017, the highest annual growth levels recorded since 2010.2 This year was also notable in terms of net employment gain, with the industry adding 300,000 new jobs.3 Meanwhile, the US Manufacturing PMI in September 2018 stood at 55.6 on the back of increasing industry output and new order gains.4 This brings us to an all-important question: Will the industrial manufacturing industry continue to remain the bright spot in the economy and a leader in global manufacturing performance?

The answer is uncertain, given today’s complicated times. Deloitte’s economic analysis indicates that manufacturing GDP should increase by 3.7 percent in 2019, and based on the confidence of industry leaders, this could be a feasible outcome. According to the latest Manufacturers’ Outlook Survey, optimism soared this past year at 93.9 percent, the highest yearly average in the history of the survey.5 An analysis by the Manufacturers Alliance for Productivity and Innovation (MAPI) indicates that the US manufacturing sector is likely to regain output levels lost during the Great Recession before the middle of 2019.6

Yet there are indications that the outlook may not be all bright. The manufacturing industry is currently dealing with one of the tightest labor markets in history, exacerbated by high job-opening levels (more than 400,000 since January 2018) and historic low unemployment rates.7 Also complicating the market momentum are the recent activity around trade agreements and tariffs and rising raw material costs, which have the potential to send disruptions throughout the manufacturing industry in the coming months.

Companies in this industry manufacture a wide variety of goods; major product groups include food and beverage, chemicals, machinery, transportation equipment, and computers and electronics.

The top manufacturing countries include China with $4 trillion, accounting for about 30% of the world total, followed by the US at $2.3 trillion (about 17%), Japan at $1 trillion (about 7%), Germany at $800 billion (about 6%), and South Korea at $460 billion (3%).

The US manufacturing sector consists of about 290,000 establishments with combined annual sales of about $6 trillion.

THIS PROFILE IS COURTESY US DEPARTMENT OF LABOR AND WIKIPEDIA.ORG –CLICK HERE FOR MORE ON THIS PROFILE

www.dnb.com

Strategy And Synergy Session 8 with Dr. Ken Walley
Date: 03/25/2025
Time: 9.30 AM US Eastern Time

Discussion Questions:
1.	What are some of the obvious ethics/practices of the industry or entity in the industry that violate scriptures?
2.	What are the notable complaints of those who patronize this industry or entity in this industry?
3.	What services or products of this industry or entity of this industry ultimately hurt people?
4.	Does the industry or entity in the industry violate Environmental Social and Governance ESG sustainability goals in any way?
5.	How does this industry or entity in this industry compete that is flawed in your opinion? 
6.	What are some of the tactics of this industry or entity in this industry that does not augur well for other industries and the overall economy?

Manufacturing Industry – Nestle, Procter & Gamble, Unilev...

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INDUSTRY OVERVIEW:

Chemistry is essential to our everyday lives and the economy. The business of chemistry transforms the natural raw materials of the earth, sea and air into products that we use everyday; it also drives innovation and creates jobs and economic growth by creating products that bring major societal benefits to quality of life, health, productivity, convenience and safety.

The science and materials of chemistry make the lives of Americans and others throughout the world healthier, safer, and more sustainable and more productive. Indeed, our food, safe water supply, clothing, shelter, health care, computer technology, clean energy sources, transportation and every other facet of modern life, all depend upon the business of chemistry.

Not only is the business of chemistry essential to the economy for the jobs it generates through its business activities, it is essential to the economy through its products. More than $700 billion of chemistry products flow through the economy each year. The products of chemistry are present in some form in nearly every facet of the American economy. In fact, over 96 percent of all manufactured goods are directly touched by chemistry. Industries consume products made by other industries that have large chemical inputs, i.e., plastics, rubber, synthetic textiles, and components using these materials. A significant amount of the chemistry use in many products comes from packaging. Chemistry is also essential to the American standard of living.

Companies in this industry transform organic and inorganic raw materials by a chemical process and formulate products. Major companies in the US include Dow, DuPont, and Pfizer. Major companies outside the US include BASF (Germany), Formosa Plastics (Taiwan), Roche (Switzerland), SABIC (Saudi Arabia), and Sinopec Group (China).

The global chemical manufacturing industry remains at about $5 trillion annually, according to Statista. China, the US, Ireland, Germany, and Belgium produce the most chemicals and also are among the largest importers of chemicals, according to Global Newswire.

The US chemical manufacturing industry includes about 14,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $740 billion.

THIS PROFILE IS COURTESY OF THE AMERICAN CHEMICAL COUNCIL and www.dnb.com

All are invited to participate:
Finance Industry Entity Features Live Video Blog Schedule: March 11th, 2025 @ 11am
Venue:  https://www.cibunet.com/

Chemical Industry: Dow, DuPont, Basf, Roche and others...

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All are invited to participate in the discussion:
Business Services Industry Entity Features Live Video Blog Schedule: February 25th, 2025 @ 11am
Venue: https://www.cibunet.com/

<strong>INDUSTRY PROFILE:</strong>

Quick Summary of Participants in this Industry: Management Consultants, Management Services, Accountants, Tax Preparers, Employment Agencies, Payroll Services etc.

The Management of Companies and Enterprises sector comprises establishments that hold the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions or establishments (except government establishments) that administer, oversee, and manage establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decision making role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise.

Establishments in this sector perform essential activities that are often undertaken, in-house, by establishments in many sectors of the economy. By consolidating the performance of these activities of the enterprise at one establishment, economies of scale are achieved.

The Internet is changing the way companies do business and the kind of consulting they need. Many traditional consulting practices are in danger of becoming less relevant in the Internet Age. The consultants of tomorrow will require different skills than the consultants of today. Many consultancies have some sort of e-business push underway, whether it’s a specific e-biz practice, a special initiative, or just funneling a ton of cash into figuring out all the ways they can use the Internet to help their clients.

A slew of e-business boutique firms have arisen in recent years, including Razorfish, Scient, USWeb/CKS, Viant and Agency.com. Look for these firms to increasingly butt heads with the more traditional consulting firms for Internet-related and eventually, perhaps, general-consulting projects.

To help you understand the consulting landscape, we’ve divided the industry into six different categories: the industry elite, the Big Five, boutiques, information technology (IT) consultancies, human resources specialists and the independents. Most players in the industry can be put into one or more of these different categories.

The rich and famous of the consulting world. These companies focus on providing cutting-edge strategy and operations advice to the top management of large corporations. They generally hire the best candidates from the best undergraduate, MBA and other graduate programs. Slackers need not apply. Players in this group include: Arthur D. Little, A.T. Kearney, Bain &amp; Co., Booz-Allen &amp; Hamilton, the Boston Consulting Group, McKinsey &amp; Co., Mercer Management Consulting and Monitor Co., to name a few.

The consulting operations of the Big Five accounting firms. Although these firms provide some of the same strategy and operations advice as the elite, they tend to put a stronger emphasis on implementation work, particularly in the IT world. The players are Accenture, Deloitte Consulting (part of Deloitte &amp; Touche), Ernst &amp; Young, KPMG and PricewaterhouseCoopers. The Big Five may get out of the consulting business, partly because the SEC is concerned about possible conflicts of interest that could result in overly rosy audits of firms that are consulting clients of the accounting firm performing the audit. The Big Five deny that a conflict of interest problem exists. At any rate, Arthur Andersen is spinning off Accenture, Ernst &amp; Young may sell its consulting business to French consultancy Cap Gemini, and industry observers expect more of the same.

Boutique Firms that specialize along industry or functional lines. Although often smaller, these firms may have top reputations and do the same operations and strategy work the elite firms do, but with more of an industry focus. Representative players include: Advisory Board Company and APM (health care); Corporate Executive Board (cross-company research); CSC Planmetrics (energy and utility industry); Cluster Consulting (telecommunications and the internet); Marakon Associates (strategy), marchFIRST, formerly Mitchell Madison Group (financial and strategy); Oliver Wyman (financial services); MarketBridge, formely Oxford Associates (sales); PRTM (high-tech operations); Strategic Decisions Group (decision analysis), Roland Berger and Partners (strategy and operations); Braun Consulting, formerly Vertex Partners (strategy).

Information technology specialists constitute one of the fastest-growing sectors of the consulting world, although this sector’s growth isn’t quite as meteoric as that of strategy consulting, according to Kennedy Information Group. IT firms provide advice, implementation and programming work on issues related to computer systems, telecommunications and the Internet. Representative players include American Management Systems, Computer Sciences Corp., Diamond Technology Partners, EDS, IBM, Mondial and the Big Five firms.

Human Resource consulting focuses on personnel issues such as employee management and evaluation systems, payroll and compensation programs, pensions and other benefits programs. Representative firms include The Hay Group, Hewitt Associates, William M. Mercer, Sibson &amp; Co., Towers Perrin and Watson Wyatt Worldwide. In addition, several of the Big Five firms have practices devoted to this area.

Independent one-man or one-woman shops. By sheer numbers, independent consultants far outnumber the larger firms. Fully 45 percent of all consultants are reported to be independents. They typically have some sort of industry or functional specialty and get hired on a project basis. If you have an MBA and several years of useful and topical business experience, there’s no reason not to hang out a shingle yourself.
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<p class="p-no-margin">Companies in the sector provide support services to businesses, such as office administration, hiring and placing of personnel, security services, travel arrangement, cleaning, and waste disposal. Major companies include ADP, Allegis Group, ManpowerGroup, and Waste Management (all based in the US), along with Adecco (Switzerland), Randstad (the Netherlands), and TUI Group (Germany).</p>

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<p class="p-no-margin">Europe and North America are the primary markets for business services. Worldwide demand in the sector is driven by technology, digitalization, and new communication technologies and infrastructure. As a result, startups have emerged across the world, with business solutions that are innovative, flexible, and sustainable, according to Statista. While large companies may operate globally or within a specific region, many business services firms serve smaller geographic areas near their headquarters.</p>

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<p class="p-no-margin">The US business services sector consists of about 420,000 establishments (single-location companies and units of multi-location companies) with combined annual sales of about $950 billion.</p>

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For more on this profile, please click here: <a href="https://www.cibunet.com/industries/business-services/">https://www.cibunet.com/industries/business-services/</a>

Profile Is Courtesy of www.bls.gov , www2.deloitte.com , www.doingbusiness.org, www.dnb.com and WetFeet.com

Business Services Industry: Deloitte, Ernst and Young, KPMG, Accentu...