Under "Company Description", I'm gonna take it that Related companies is NOT a list of Competitors. Crekt?Rich (haywool)
I think competitors are important to have in there, but the list should not necessarily be only competitors. For example, Apple is a related company to Dell and Microsoft, and also to Nvidia (sp?), who is a chip manufacturer.GM, Toyota, Honda are also related to XOM, but I don't know if that's the kind of 'related company' people are looking for. You have to stop at some point, and I think that's where our Foolish wisdom comes in.
I'd still put competitors under expanded definition.But you can understand why related company is a more versatile term. In some industries, large players are competitors to everyother player.But still major competitors in major businesses is certainly of interest. So definition allows space to expand and explain as you think appropriate.Bottom line is use your own best judgement.
I agree with both of the responses. pauleckler nailed it with his bottom line: Add in the 5-10 companies you think are most related.Jeremy
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