Sunday, February 14, 2016

Week 6 Reading Reflection Week 6

1.)  After reading the required week 6 reading I found some information that was very interesting to me. I had no idea of the average profitability in U.S. Industries. This information was staggering where as some industries had extremely low numbers i.e. airlines, which had a 5.9 percent profitability.

2.) I wouldn't necessarily say I was confused by this information, but it was something I had over looked. The text mentioned that fast growing industries do not need to be attractive. As I have been thinking about my business concept and the need to have a certain image I forgot that industry does not rely on certain attractiveness i.e. gas, oil

3.) Two questions I would ask the author are one how did you gain the financial information to report the numbers for U.S. Profitability for Industries and the second question I would ask would be I saw you mention overall profit gain How would someone in my shoes find a way to gain profit gain from an app that would essentially be starting off nothing( low budget).

4.) Looking at the information provided in the text I don't necessarily find any information that I would necessarily disagree with. I would say maybe the attractiveness of industry is rather important. If you look at the numbers provided in the text you see Cosmetics and retail being high up on the profitability chart.


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