Industry Comparisons in Business Insights: Essentials

Open http://ezproxy.hofstra.edu/login?url=http://bi.galegroup.com/essentials/?userGroupName=nysl_li_hofs in another browser window to work through this tutorial side by side.

Welcome to the
Industry Comparisons in
Business Insights: Essentials tutorial.

If you see a login screen, please log in with your Hofstra credentials

Business Insights: Essentials has many different types of business information. In this tutorial, we will focus on

  • performance indicators for an industry over time
  • comparing industries on several performance indicators over time


Other tutorials demonstrate how to find other information in Business Insights: Essentials.

For the purpose

 

The database homepage is on the right of the screen.

1.  On the black toolbar,
     click "Comparison Charts 
      > Industries"

Bus Ins Comparison Charts

 Use the right arrow below to continue

To create industry comparisons, you must have the NAICS industry code or at least one major word in the industry title.

For the purpose of this tutorial, we will look at two building industries.

You should now be looking at the "Compare Industries" page -

Bus Ins Compare Select Ind

 

 

1.  Click Bus Ins add remove button

If you knew the NAICS codes for the industries you wanted to search, you would now enter that.

For the purpose of our tutorial, however, let's search like we don't know the NAICS codes.

2.  Enter "build" in the
     "Search to Add" box but
     DO NOT HIT ENTER

As you finish entering the word "build", a drop down menu will appear listing industries with the words "building", "buildings" "builder" or "builders" in the title.

Bus Ins Compare BUILD search

We want to compare the commercial and institutional building industry to the new single-family home housing industry.

3.  Click the Bus Ins Compare plus sign for "236220 -
     Commercial and Institutional
     Building Construction"

You will now see the default comparison page (Revenue by Year) with the revenue chart for the industry selected.

Now let's add the new single-family housing industry by following the same process.

4. Click Bus Ins Compare Add remove button again

5.  Enter "build" in the
     "Search to Add" box but
     DO NOT HIT ENTER

6.  Click the Bus Ins Compare Ind plus sign for "236115 -
     New Single Family Housing
     Construction (except
     Operative Builders"

You now see the "Revenue by Industry" chart for both industries for comparison.

Bus Ins Compare Ind revenue two industries

You can make comparisons for as many industries as you wish.

Use the right arrow below to continue

"Revenue by Industry [by year]" is the default comparison.

You can also compare industries on a number of other metrics as well.

Bus Insights Compare Ind Select Compare

 

If you select a comparison that is "by year" the chart will be a line chart like those you have already seen. 

If you select a comparison that is NOT by year, you will see a bar chart showing the numbers for the last year available (see example below).

Bus Ins Compare Ind bar chart employees

Use the right arrow below to continue

Congratulations!

You have completed the Industry Comparisons in Business Insights: Essentials tutorial.

Certificate

Please enter your name and email address to retrieve a copy of your completed quiz.

You can enter multiple email addresses separated by commas. If you are doing this for a class, you may need to enter your instructor's email address also.