A business, by modern definition, is a participant in one of the 509 classes of industry that make up Australia’s economic output. Having chosen to be a player in one of these industries – or more if a diversified business-conglomerate – it is vital to know as much about the chosen competitive arena as is useful to succeed. This includes the industry’s size, growth, products disposition, key success factors, competitors, world’s best practice (WBP) and, especially, where it is on its own unique life cycle.
The importance of industries change over time; and this information in the Ruthven Institute’s Australian Industry summary and snapshot reports show how the nation’s industries have risen and fallen in the past, and what is likely to happen in the years and decades ahead.
Business leaders can explore and find out more about which industry they are in, where their own business is on their industry life cycle and more.