“Know your market. Know your competition.” Some of the best advice corporate leaders can give emerging entrepreneurs is to know what the market is for their product, and to recognize who their competition will be. Understanding the nature and demand for your product, and the competition you are likely to face in the marketplace, can go a long way toward building a stronger company. We, at the Providence Public Library, have an important and user-friendly resource that can help you explore that information and strengthen the day-to-day management of your company.
PROMT – Predicasts Overview of Markets and Technology – is an electronic multi-industry database that offers up-to-the-minute details on industry trends, market sizes and shares, emerging technologies and competitive opportunities.
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PROMT includes summaries and full text coverage of articles from nearly 1,000 business and trade journals, industry newsletters, corporate news releases, market research studies, international and national newspapers, business publications and investment and brokerage firm reports. These resources can tell you everything you need to know about what your competition is doing here and abroad, about the market generally, and help you equip yourself with the tools you need to plan effectively and grow your business.
If you’re in the advertising, biotechnology, communications, computers, petroleum and energy products, pharmaceuticals, plastics, wholesale or retail trade industries, you’re in luck. You can find a wealth of facts on more than 60 different manufacturing and services industries – and scores of companies internationally–and that information is updated daily.
How do you get to PROMT? Very easily. First, visit the Providence Public Library Web site at www.provlib.org, then follow the link to elibrary. Once you connect to the eLibrary site, there is a list of links, including elibrary from your home, school or office. Click on that link and you will, then, see a screen listing electronic resources– including Info Trac. Click on that link and have your Providence Library card available, so you can enter the 14-digit CLAN code.
Once you’re connected, just enter No card? No problem. Call us at 455-8000 or visit us at our main library at 225 Washington Street, or at any of our nine other library locations throughout the city.
