Professionals who understand business and industry dynamics have a competitive edge in these unstable and economically challenging times. Every successful professional must act as an advisor or consultant, to provide forward-looking strategic advice at some point in their career. Professionals cannot transition into such roles and delight clients or employers unless they understand the operational and environmental realities of the industry in which they operate. Each industry has its own expectations, business model, sectors, inscrutable acronyms, supply and distribution chains, competitive landscape and challenges. Improve your industry domain knowledge and gain a competitive advantage for your business and career growth.
What is meant by domain knowledge?
Domain knowledge is knowledge of the environment in which business organizations operate, and it encompasses understanding of industry dynamics, history, sectors and segments, business model, competitive landscape, of the value chain, customers, supply chain, challenges and strategies specific to the target company’s industry. Domain knowledge is knowledge of a particular industry. Business acumen is the acumen and quickness to understand and handle a business situation in a way that is likely to lead to a good outcome. The term “business acumen” refers to the knowledge and understanding of the financial, accounting, marketing and operational functions of an organization.
Why gain domain knowledge?
All of these functions have industry-specific best practices and variances. Acquiring business acumen and subject matter expertise provides the ability to make sound judgments and quick decisions and equips executives to deal with complex business situations. Understanding the industry better means more thoughtful analysis, clearer logic behind business decisions, closer attention to key dimensions of implementation and operation, and more disciplined performance management.
As professionals, we work for these companies and provide various solutions that must be tailored to the unique requirements of the target industry and its dynamics. For our solutions to be sustainable and effective, they must be designed with the current and future dynamics of the industry in mind and this can only be achieved by having a domain and business understanding of the particular industry/company.
In this section, we try to provide you with an overview of the various industries, their operational dynamics, and their unique challenges. provides you with the best tutorials (consisting of articles and videos) to gain domain knowledge and business acumen in a large number of industries/businesses. Browse industry specific tutorials by clicking on the image of the industry you are interested in.
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Click here to see available tutorials for domain knowledge.
Everything you need to know about how advanced markets work
Explore a multitude of commercial, industrial and military applications
Discover the most important economic sectors on the planet by turnover
The most comprehensive guide to the banking industry. Covers history, regulations and operations
Banking, Financial Services and Insurance (BFSI) is an acronym for companies that provide a range of financial services.
Consumer Domain and FMCG Domain Guide
History of the chemical industry and its processes
Effective planning, design and execution define this industry
The complete energy encyclopedia with discussions of all energy industries
Overview of the education industry with the latest trends
Study of the field of finance to enable professionals to excel
Your guide to hospitality and leisure business
Definitions, cultural, political, organizational and disciplinary perspectives
Update your insurance knowledge with online insurance training available here
Quick overview of emerging and progressive technologies whose technical innovations can help you gain a competitive advantage.
Best practices for the retail sector and overview of technologies used in the retail industry
Extensive travel industry knowledge base and knowledge of industry best practices
Overview of the telecommunications industry, key concepts, terminology, issues and challenges