
GUIDE TO CASE ANALYSIS
Researching Companies and Industries Via the Internet and Online Data Services
Very likely, there will be occasions when you need to get additional information about some of the assigned cases, perhaps because your instructor has asked you to do further research on the industry or because you are simply curious about what has happened to the company since the case was written. These days it is relatively easy to run down recent industry developments and to find out whether a companys strategic and financial situation has improved, deteriorated, or changed little since the conclusion of the case. The amount of information about companies and industries available on the Internet and through online data services is formidable and expanding rapidly
.Online Data Services Online subscription services available in many university libraries provide access to a wide array of business reference material. For example, both the Web-based Lexis-Nexis Academic Universe and its dial-up service contain full-text 10-Ks, 10-Qs, annual reports, company profiles for more than 11,000 U.S. and international companies, and a variety of other valuable data files. Other subscription online data services include Bloomberg Financial News Services, Standard & Poor's Netadvantage, UMI Proquest, and Dun & Bradstreet's Companies Online. Very likely, your library subscribes to one or more of these services, thus making them available for you to use as needed.
Lexis-Nexis and other online services provide you with up-to-date company information by updating their databases every 24 hours or less. You may wish to search the Lexis-Nexis COMPANY library files listed below for the latest company news and financial data if you have access to the dial-up service. The company information included in these Lexis-Nexis files is also available through the Web-based Lexis-Nexis Academic Universe, but the Web-based product does not require that you specify library names or file names.
| Publication/subject | Lexis-Nexis file name |
| Hoover company profiles | HOOVER |
| Securities and Exchange Commission | SEC |
| Company annual reports | ARS |
| Company annual 10-K filings | 10-K |
| Company quarterly 10-Q filings | 10-Q |
| Business wire | BWIRE |
| Public relations newswire | PRNEWS |
| S&P Daily News | SPNEWS |
| Disclosure | DISCLO |
| Consensus earnings projections | EARN |
| CNN Financial Network | CNNFN |
| Dow Jones News/CNBC | CNBC |
| Business Week | BUSWK |
| Forbes | FORBES |
| Fortune | FORTUN |
Company Web Pages and Other Web Sites Containing Business Information Most companies now have web sites with information about products, financial performance, recent accomplishments, late-breaking company developments, and rundowns on company objectives, strategy, and future plans. Some company web pages include links to the home pages of industry trade associations where you can find information about industry size, growth, recent industry news, statistical trends, and future outlook. A number of business periodicals like Business Week, the Wall Street Journal, and Fortune have Internet editions that contain the full-text of many of the articles that appear in their paper editions. You can access these sites by typing in the proper Internet address for the company, trade association, or publication. The following web sites are particularly good locations for company and industry information:
Some of these Internet sources require subscriptions in order to access their entire databases.
Using a Search Engine Alternatively, or in addition, you can quickly locate and retrieve information on companies, industries, products, individuals, or other subjects of interest using such Internet search engines as Lycos, Alta Vista, Infoseek, Excite, Yahoo!, and Magellan. Search engines find articles and other information sources that relate to a particular industry, company name, topic, phrase, or "keyword" of interest. Some search engines contain bigger data bases of submitted Uniform Resource Locator addresses than others, so it is essential be alert to the coverage of each search enginethe data base covered by each search engine is usually described on the search engines Web site. You may find the following brief descriptions of the most-used search engines helpful in selecting which one to try:
Each of the search engines provide guidelines for how to formulate your query for information sources; some tips for making the quickest and most effective use of search engines are listed below:
Keep in mind that the information retrieved by a search engine is "unfiltered" and may include sources that are not reliable or that contain inaccurate or misleading information. Be wary of information provided by authors who are unaffiliated with reputable organizations or publications or which doesnt come from the company or a credible trade association. Articles covering a company or issue should be copyrighted or published by a reputable source. If you are turning in a paper containing information gathered from the Internet, you should cite your sources (providing the Internet address and date visited); it is also wise to print web pages for your research file (some web pages are updated frequently).
The Learning Curve Is Steep With a modest investment of time, you will learn how to use Internet sources to run down information on companies and industries quickly and efficiently. And it is a skill that will serve you well into the future. Once you become familiar with the data available at the different Web sites mentioned above and with using a search engine, you will know where to go to look for the particular information that you want. Search engines nearly always turn up too many information sources that match your request rather than too few; the trick is to learn to zero in on those most relevant to what you are looking for. Like most things, once you get a little experience under your belt on how to do company and industry research on the Internet, you will find that you can readily find the information you need.
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