![](/olcweb/styles/shared/spacer.gif) | ![Hirt/Block Cover](/sites/dl/free/0072339632/title/hirt_sm.jpg) Fundamentals of Investment Management, 7/e Geoffrey A. Hirt,
DePaul University Stanley B. Block,
Texas Christian University
Industry Analysis
Chapter Objectives
- Explain the phases of the industry life cycle.
- Relate dividend policy to the life cycle.
- Describe the various economic structures of industries.
- Explain the effect that government regulation can have on an industry.
- Understand how to compare the performance of many companies within the same industry.
- Explain the concept of rotational investing in which the investor shifts emphasis among industries during various phases of the business cycle.
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