II. Industry Practice Options
Global Industry Classification Standard (GICS)
Financial industry services firms MSCI and Standard & Poor’s have developed a Global Industry Classification Standard (GICS), which assigns public companies into 24 investable industry groups, 68 industries, and 154 sub-industries. To our knowledge this is best industry classification scheme currently available. When we add public and private Government Administration and public and private Education as two additional industry groups, that yields twenty-six groups as a reasonably complete and basic industry categorization system.
Each of these twenty-six industry groups is a multi-hundred-billion to multi-trillion dollar business sector in which serious people will pay for better foresight to help manage their problems. With focus, training, and conviction, you can bring better foresight practice in many places where it is presently lacking. You simply need to make a good case for your business value with the appropriate decision makers.
