"This is how standards help. Being a student I always wondered what are the total types of Industries/Sectors. What can be the type of Industries and inside them what would be the major sectors. Though the following classification are used by people in the FINANCE domain, at the same time it can be used by common people to know at least what are the main Industry heads around the world"
http://tinyurl.com/bt75d3
The Global Industry Classification Standard (GICS) is used as a basis for S&P and MSCI financial market indexes in which each company is assigned to a sub-industry, and to a corresponding industry, industry group and sector, according to the definition of its principal business activity. It was developed by Morgan Stanley Capital International (MSCI), and Standard & Poor's (S&P) in response to the global financial community’s need for accurate, complete, and standard-industry definitions. The GICS structure consists of 10 sectors, 24 industry groups, 68 industries and 154 sub-industries. The system is similar to ICB (Industry Classification Benchmark), a classification structure maintained by Dow Jones Indexes and FTSE Group.
Links :
- Wiki
- MSCI-Barra GICS Tables. Retrieved on 2007-04-06.
The Industry Classification Benchmark (ICB) is a company classification system developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 10 industries, partitioned into 18 supersectors, which are further divided into 39 sectors, which then contain 104 subsectors.
The principal aim of the ICB is to categorize individual companies into subsectors based primarily on a company's "source of revenue or where it constitutes the majority of revenue." If a company is equally divided amongst several distinct subsectors, authorities from the Dow Jones and FTSE may be summoned to make a final judgement. Firms may appeal their classification at any time.
The ICB is used globally (though not universally) to divide the market into increasingly specific categories, allowing investors to compare industry trends between well-defined subsectors. The ICB replaced the legacy FTSE and Dow Jones classification systems on 3 January, 2006, and is used today by the NASDAQ, NYSE and several other markets around the globe.
Links :
- Wiki
- Webhelp
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