BUS501: Strategic Management

OMB published a notification of potential revision to NAICS for 2017 in a May 22, 2014, Federal Register notice (79 FR 29626-29629). This notice solicited comments on: 1) new and emerging industries for consideration in potential revisions to NAICS for 2017; 2) the electronic dissemination of NAICS 2017; and 3) updating the structure of the oil and gas industries for NAICS 2017. This notice also provided an update on the treatment of manufacturing units that outsource all transformation activities. In addition, OMB published a notification regarding implementation of the Factoryless Goods Producer (FGP) classification in NAICS 2017 in an August 8, 2014, Federal Register notice (79 FR 46558-46559). This notice stated the directive of the August 17, 2011, Federal Register notice (76 FR 51240-51243) was no longer in force, to allow for additional research, testing, and evaluation of FGPs.

After considering all proposals from the public, consulting with a number of U.S. data users and industry groups, and undertaking extensive discussions with Statistics Canada and Mexico's Instituto Nacional de Estadística y Geografía (INEGI), the ECPC formulated a set of recommendations for revisions to NAICS for 2017. OMB published a solicitation of public comments on these recommendations in an August 4, 2015, Federal Register notice (80 FR 46480- 46484). After reviewing comments to that notice and conducting further consultation with data users and industry groups, OMB decided to adopt the ECPC recommendations presented in the August 4, 2015, notice. OMB published a notice of final decisions regarding NAICS revisions for 2017 in an August 8, 2016, Federal Register notice (81 FR 52584).