Prepare a 1-2 page summary showing research about the industry/economic sector,

Question

Prepare a 1-2 page summary showing research about the industry/economic sector, target market, and competitors for your business. Your work should reflect understanding of the material

See "Research Questions" on pages 68-70 for the type of information to include in the summary. There will be more assignments on target markets and competition in future sessions.

You are expected to use online or other resources in preparing this assignment. Make sure that you use reliable sources and be sure to cite them in your work.

ENTREPRENEURSHIP A REAL-WORLD APPROACH HEET Research Questions Formulato a general research question about the type of business you plan to wo examples of the environmentally friendly dry cleaners and the medical (see pages 57-58 Now, make a list of questions challenge that statement. Use the questions below as a guide records for each of the following areas that logical General research question Industry/Economic Sector What is the size of the industry of which your business is a part? What has the growth rate of that industry been over the last few years? What is the projected future growth rate of that industry? What are the leading products/services in that industry? What are typical profit margins in that industry? What are the key trends/developments affecting that industry? ls the industry dominated by a few major companies, or are there many healthy competitors? Other Other

Explanation / Answer

Ans-1

Recruitment Agency-Leading Competitors in Indian Geography- Team Lease, Manpower, Kelly Services, People Strong

Ans-2

Market share varies as per the Recruitment services provided as per its’ category and industry specialization domain.

Ans-3

Competitors offer services - Permanent recruitment/ Temporary Staffing/ Recruitment Process Outsourcing/ General Staffing etc.

Ans-4

Charges applied are Recruitment fee at 8.33%, 10%, 12.5%, 15%, 25% depending on job role and whether its a permanent role or temporary. IT industry has maximum recruitment services and highest revenue generation with all competitors.

Ans-5

Competitors are perceived as Average to Better rating, Perception is dependent what kind of Company recruiters are entertaining these recruitment agencies. Some are specialist in IT, some in BPO category, some good with BFSI sector.

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