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Let us give you some tips in doing a company review. We give such tips from time to time on our website. So you've landed an interview? But even as you're thinking about flying around the world and climbing the corporate ladder, the stress has begun to set in. What are they looking for? Do you have what it takes? Most important, how are you going to convince your interviewers that they'd be making the biggest mistake of their professional lives by not extending you an offer . . . or at least inviting you back for another round? You'll hear it time and again: Having a good handle on a firm’s business and background will make you shine in your interviews. While there are no easy answers when it comes to the job search, recruiters tell us that one factor clearly distinguishes the best candidates from the also-rans: their knowledge of the companies and the industry. Here are some things to consider when researching companies of choice. 1) Stand out from the Crowd: The first rule of effective companies review is simple: do it! Surprisingly few candidates take the time to get to know the companies and the industries with which they're interviewing. Those who do so clearly stand out. The second rule of effective companies review is a little harder to swallow: do it early! We can give all the tips in the world for planning successful companies and industry review & analysis effort, but if one don't get started until the night before the interview, good luck! 2) Plan the Trip: Conducting industry and companies review is a little like planning a trip. Although many people wing it, the journey will be a lot more fun if one can plan ahead. Make a list of the top 10 or 20 questions one need to answer to really feel on top of this industry and the companies one would be exploring. By spending a little time up front thinking about the key issues and questions one would want to address in the review efforts, one can maximize the chances for success. To get started in the industry and companies review, we've put together a short list of questions one would definitely want to explore. Add to this list to make sure it reflects the issues that are most important. Industry questions would be as follows: Who are the key players in the industry? What is the history of the industry, and where is it heading in the future? What are some of the major industry trends? What skills are required to succeed in and contribute to the industry? Companies questions would be as follows: What role do the companies play in its industry? What are the companies’ key products, and what is its market share? How long has the companies been around and their history is one piece of the puzzle. One needs to know that. How has the companies made money in the past, and what will be its sources of revenue in the future? What skills are in demand at the companies-marketing, engineering, finance, sales, product development? What types of jobs are available for recent college and MBA grads? Does companies’ have special training programs for recent college and MBA grads? What makes this firm different from other firms in the industry-its customers, products, culture? The plans of the business firm for the future are even more important. What are the big initiatives the companies are talking about?
Visit the Business Library: There's a key person inside every business library who can help make sense of all the mystery and intrigue about companies, as well as understand their annual report: the business reference librarian. Introduce yourself. He or she may well end up being one of the best friends in the job search. A tour of the resources available in the reference room can be made. Researching companies and industries is a little different than researching the honors thesis and the business reference librarian knows the tools better than one does. But once the ropes are being learnt, one would be darting through the stacks and flying through the electronic databases like an old pro . . . and when one gets stuck, the reference librarian can assist to dig out. Conduct Informational Interviews: Informational interviews should be set up with people in the network (alums, people referred by the career center or the personal network, or other people identified in companies or industries one is eager to learn about). They should last about 30 minutes and held in a place convenient to the interviewee. During the informational interview, it is important to ask about the person's daily responsibilities, career path, companies and outlook on the industry. One might also ask for suggestions about how to find a position within the industry, what kind of preparation is needed for a successful career in the companies, and whether the interviewee can recommend any other people to meet with. However, although the interviewee understands implicitly the interest in finding a job, most people do not want to be solicited for a job during an informational interview. Need some help in coming up with good questions for the informational interviews? Here are several sample questions to get one started. What are the backgrounds of most of the people in the companies and the industry? What are some of the exciting areas to be working in across the companies/industry? What is the culture of the organization like? What do one like about the job? What is that one do not like? Which companies are considered as the most exciting places to be working in this industry? What opportunities are there for people with a background in (my major) in this industry? What types of qualities or experience do recruiters look for in this industry? What kind of people do well here? Is there a lot turnover? Why or why not? How much autonomy/responsibility do people get? Is this a good place for women and minorities? Do you know anyone else with whom we can speak to find out more about (the companies or the industry)?
Surf the Web: With so many resources to choose from, the internet will equip one with a majority of the knowledge that one would seek. For companies review, the companies’ website can be visited. Think of this as an online brochure. Looking up the companies’ website, and not just the careers section, is a good place to start. The information one would find will include what they do, why they’re good at it, what their values and goals are, as well as their vision for the future. The best place to find this information is on the ‘about us’ page. For Levo League, the ‘our story’ page very clearly states that the business firm ‘is an online social network designer for young professional women in the formative years of their career path.’ They elaborate further on this page, and very clearly spell out what they do. The mission of Levo League, for example, is also found on the ‘our story’ page and it is to ‘connect exceptional women with the resources, networking tools and information needed to ensure their long-term success.’ One might also be able to find employee biographies, which will give a good idea on who the future colleagues might be. Most companies are focused on their growth and knowing how one can contribute to it is huge. One can hear about ‘what’s next’ through the alerts on companies’ website, and following their leaders online. Knowing what big events have happened within the companies’ lately is a must. Google news is an easy way to dig up recent press. Hit up news.google.com and search for the companies’ name and read, read, read! The person interviewing with may mention recent events and being able to actively engage in that conversation (versus a blank stare) definitely comes across as impressive. If one has a longer term aspiration of working somewhere, it’s good to follow the companies’ and their leaders on an ongoing basis (even if there isn’t a job open). Newsle is for this. Enter anyone’s name (perhaps the founder or CEO) and the site will keep updated anytime there is press on that person. Some companies also have a blog, where they post relevant news such as product launches, new ventures or locations. Look out for ‘A day in the life of’ blogs which will give a first-hand account of what it’s like to work at the companies. Social networking sites are the next place one should be searching for background information. Most companies use Facebook and Twitter to post information that might not be immediately available on their website. Look out for information on employee or CSR initiatives, which will give a real flavor for what it would be like to work there. Use LinkedIn to find out who will be interviewing. The information one will find will give a few conversation starters that will enable to establish a personal rapport during the interview.
Call the companies: As one begin to narrow the search and focus on a few companies, don't be afraid to call the companies directly and ask for information. Just be creative about it! Ask to talk to somebody in a department thinking of joining; if it is being asked why, one can explain that a job search is being conducted and want to learn about the business firm. Most people will be happy to talk, provided one ask them questions that show one has information about the business firm and industry. If somebody doesn't have time to talk, one could ask if they could refer to somebody at the firm who might have more time. Make the People Connection: Many candidates don't take advantage of one of the best resources they have available to learn about companies, industries and careers . . . their personal network! If one is a student and is surrounded by people who can be helpful in helping to learn about companies and industries with which one may be unfamiliar. Talk to them and use the network. Even if the people being tried first don't know the answers themselves, they can often point in the right direction. If one takes the time to review the industries and companies one is exploring in the job search, the payoff can be tremendous. One can certainly stand out from the crowd, and that will impress interviewers. But most important, one will learn more about whether the industry and the said business firm is the right place. Ironically, that's something most people don't figure out until it's too late.
Do note that these above tips are given only as a general guideline and would vary based on the requirement of each project. However even with these instructive steps it is not possible for most people to do good companies review like how our expert writers do. This is why you need the help of our firm. So why wait? Read below for more details.
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