Industry (Business) Types Primary Those that take the raw materials produced by the primary sector and process them into manufactured goods and products. Examples of secondary industries include heavy manufacturing, light manufacturing, food processing, oil refining and energy production Secondary Those that take Primary industry output and manufacture / produce goods / semi goods for machinery, industrial drives, automation, automotive Typical manufacturing process comes into this category of industry Tertiary • • • • • • • • Telecommunication. Hospitality industry/tourism. Mass media. Healthcare/hospitals. Public health. Pharmacy. Information technology. Waste disposal. Quaternary Information gathering, distribution and technology; research and development; vocational education; business consulting; and strategic financial services Quinary Creation, rearrangement and interpretation of new and existing ideas; data interpretation and the use and evaluation of new technologies. ... The highest level of decision-makers or policymakers performs quinary activities Business is all about integrating and maximizing resources Material Effort / Productivity Money Two thoughts, both are relevant across Industry segments Process, Risk, Value addition 1. Invest in people productivity (effort) and maximize money Maximize 2. Invest in money and maximize productivity Measure In the process, some one needs money borrows (Investor) and and some one has money lends (Invest).