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Public vs. Private Companies SIC vs. NAICS

Public vs. Private Companies SIC vs. NAICS. Introduction to Management 2008-2009. Your Subject Librarian in Troy. Colette Holmes E-Mail: holmec@rpi.edu Voice Mail: 518-276-8331 Office: Main Floor, Folsom Library In library: Mon - Fri, 8:30 AM – 3:00 PM

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Public vs. Private Companies SIC vs. NAICS

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  1. Public vs. Private CompaniesSIC vs. NAICS Introduction to Management 2008-2009

  2. Your Subject Librarian in Troy • Colette Holmes • E-Mail: holmec@rpi.edu • Voice Mail: 518-276-8331 • Office: Main Floor, Folsom Library • In library: Mon - Fri, 8:30 AM – 3:00 PM • Also available by appointment.

  3. Public Companies • Example - Hershey Company • Ticker symbol (hsy) • Sells stock • Traded on stock exchange(s) • Must report to SEC • SEC filings are public record SEC (Securities and Exchange Commission)

  4. Private Companies Can Vary They can be… • Well known – L.L. Bean • Large – Mars • Long established – Ghirardilli (est. 1852) • Family owned – Pinks Hot Dogs, Inc.

  5. Private Companies Are Similar • Example - L.L. Bean • Privately owned • Doesn’t sell stock to public • Doesn’t file with SEC • Difficult to research

  6. SICs & NAICS • Numeric codes • Classify company by industry • Example - Hershey • SIC 2066 • NAICS 311320 SIC (Standard Industrial Classification) code NAICS (North American Industrial Classification System)

  7. An Example for SICs & NAICS What Do the Codes Represent? • 2066 (SIC) – Sugar and Confectionary Products • 311320 (NAICS) • Chocolate and Confectionary Manufacturing from Cacao Beans

  8. Why Two Code Systems? • SIC • Introduced late 1930s • Promoted uniform data collection • Last revised late 1980s • NAICS • Introduced 1990s • Addresses new industries

  9. Primary and Secondary SICs and NAICS • Hershey’s primary line of business is: • 2066 Chocolate and Cocoa Products • Secondary lines of business include: • 2064 (Candy & Other Confectionary Products) • 2087 (Flavoring Extracts) Source for Codes: Gale’s

  10. NAICS Includes More Codes • No one-to-one translation. • Several “bridge” tables. • U.S. Census Bureau Table: • http://www.census.gov/epcd/www/naicstab.htm

  11. No Consistency across SourcesHershey Code Assignments DatabaseSIC Code SEC Edgar 2060 Gale’s 2066

  12. Public vs. Private CompaniesSIC vs. NAICS Introduction to Management 2008-2009 THE END

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