It is very important to keep a clear view on news to create good understanding of business scenario. now as we all know it is really tough to analyse a news article and fetch the relevant information. To develop these skills, you have to follow these points.
1.Read the complete article with focus.
2.Be very sure about the fact that you are reading this news because you are very selfish.
3.Now you know that you are selfish, then read the news with the prospective of gaining something. Look for the things which effects you or you industry.
4.Be careful about the fact that behind every news there is a fix strategy, and the strategy is to raise viewership, remember newspapers are not the social servants.
5.If you will monitor a news, you will find two types of ingredients in it. first is core news and second is spice. Your most important task will be to absorb the news and remove the spices.
6.For a business any kind of news can create speculative environment, for example cricket and manufacturing industry have no connection but still any specific news of cricket can have effect on manufacturing industry. Say ICC announce that from next time every test match will be of day-night format.
Than what will happen, is that the manufacturing of red balls will go down, and white/pink will go up. The manufacturing of stadium lights will go up, which will generate revenues for involved companies.
that was the rarest example possible in my views. And anyone who will go after the news with this approach he/she will be definitely benefited.
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