The term “industrials” is somewhat self-defined. It actually refers to the businesses in which major companies engage in the production of physical products for sale. The broad spectrum of industries covers all businesses that provide manufacturing and commercialized services and equipment, transportation, and warehousing operations. In addition, the term “industrials” can also refer to any service-based business sector that is characterized by a high degree of specialization, research, and low-innovation characteristic. Therefore, the term “industrials” encompasses the production of almost all types of physical goods that are utilized in day-to-day life. From farming and construction machinery to food processing and utilities, railroads, airlines, and waste collection, the industries field has many beneficiaries and numerous lucrative target markets.
Over time, most large enterprises have realized the importance of having a stable and growing economy which is underpinned by an expansive base of skilled and semi-skilled workers who have been developed through rigorous training programs and reinvestment in new technologies, as well as an educated and technologically advanced work force. Although it appears that the current state of the economy is gradually recovering from the recent recession, there is still room and need for more comprehensive and far-reaching changes in the way that industries are regulated and how they operate. The messina says that the key to recovery lies in reexamining the definition of industries and developing a clearer picture of the economy as a whole through an understanding of the various industries and their relationships to each other and the country as a whole.
Therefore, the economy needs to take stock of the industry mix and the nature of employment in order to create policies that will support both healthy competition and minimal unemployment. If the economy is going to perform well, then the key is going to be encouraging industrial growth and job creation. The messina believes that this can only be done through government policy initiatives such as tax incentives, educational investment and public works projects. In addition, it also recommends that large companies adopt several measures to mitigate their risk exposure, such as cash management techniques and creating value added securities. This approach will increase the competitiveness of the domestic economy and enable industrial stocks to play a greater role in national economic growth.