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A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Solution

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A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution and Analysis


Introduction

A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Analysis is the biggest publishing business with a greatest market share in the China's book retail market. CMP offers a number of services including; collecting details, processing information and interaction services. Significant service sections of the business consist of; books, periodicals, consultancy and distribution. The company has a huge product portfolio and its significant items consist of books, regulars, online media, exhibitions, research reports etc. A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Help has ended up being a specialized information supplier and a large detailed Science and Technology publishing company through the combination of print media, audio-visual media and the network media.

Crucial Concerns

CMP has invested its 60 years journey efficiently, being an effective publishing home, nevertheless, the changing macro market trends and forces bring specific challenges to the publishing market in general and A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Analysis in specific. These factors consist of;

• Entryway of the brand-new publishing companies in the market.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing methods
• Enhancement of science and innovation.
Executive Summary
The improvement of the macro markets have raised numerous concerns to the management at CPM that what could be the future of CMP in this scenario? Do the long important experience, technical resources and the capabilities of the company could be used to pursue the future development unceasingly? How could the company sustain its long term competitive position in future?

Situational Analysis
Internal Analysis
SWOT Analysis
Strengths


A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Analysis has particular strengths that can be utilized to decrease the threats, get rid of the weak point and obtain the chances. Strengths of CMP are given as follows;

• The long term experience of A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Analysis in the publishing market i.e. 60 years permits the company to provide high quality items at a lower cost utilizing its previous experiences.
• The technical resources and abilities created by its successful journey provide a competitive benefit to CMP.
• Large product portfolioof CMP assists it to diversify its threat and supply high worth to its clients.
• Strong financial position permits the company to consider a number of development chances without any worry of raising fund externally.

Weak points

Along with the strengths, the company has specific weak points which might increase constraints for the business in implementing its development program. The weaknesses of A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Analysis are offered as follows;

• Despite of being a science and innovation publishing firm, the company still has conventional methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It should propose certain growth strategies to prevent its reliance over the Chinese markets to attain long term development.
Porter's 5 Forces Analysis
Opportunities

The development of the publishing industry is declining because 2008, affecting A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Help as well, but the growth might be revived by availing specific opportunities presented in the market. The market chances for CMP include;

• The company could likewise present Digital Publishing by using its long term technical experience and a strong customer recognition in the market.
• CMP might think about a development program through the expansion towards foreign markets in order to decrease its reliance over Chinese markets by utilizing its large funds.

Hazards

The changing macro trends in the market and increasing competition in the publishing market has positioned certain risks to A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Analysis consisting of;( Gurel, 2017).

• Intro of digital publishing i.e. virtual libraries could lead to declining market share of A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution due to the customer shift towards virtual libraries.
• The presence of large number of rivals in the publishing market increase the risk for CMP to lose its competitive position in the market, as competitors can acquire a strong customer base by using particular techniques like aggressive promotion, quality items, and so on
• Entryway of brand-new publishing firms in the industry along with existence of high competitors increases the danger of losing the customer base.

Monetary Analysis.
Swot Analysis
Due to lack of information, the monetary ratios of CMP might not be calculated. It might be examined from the Appendix III that the yearly overall incomes of A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Analysis throughout the duration 2000-2012 are growing at a high growth rate, showing that the annual demand of the items of CMP is growing and the business is rather efficient in attracting a big number of consumers at a prospective cost.

Together with it, the 2nd chart which shows the yearly growth in the A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution overall possessions, shows that the business is quite efficient in adding value to its assets through its revenues. The growth in properties reveals that the total value of the company is likewise increasing with increasing the overall earnings. (Unidentified, 2013).

Another financial analysis of the company utilizing the given information might be the analysis regarding the circulation of overall earnings of the company. Major part of the earnings of CMP comes from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The company could move towards other company sections with a prospective development to attain its future development goal.

PESTEL Analysis

PESTEL analysis could be performed to find out the various external forces affecting the efficiency of the company and the current patterns in the external environment of the company. A brief PESTEL analysis of the company is offered as follows; (Alanzi, 2018).

Political.

As the publishing sector might have a considerable influence on the mindset of individuals about the communist ideology of the federal government, therefore, the publishing sector is highly monitored and guided by the Publicity Department of the Communist Celebration of China. For that reason, it might be stated that the overall political forces impacting A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution organisation are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.

Affordable.

Economic forces impacting the publishing sector in basic and the CMP in specific includesthe costs of paper, the earnings level of consumers, the inflation rate, and the general GDP growth of the nation. All these forces combine impact the need for the publishing market.

Social and Demographical.

Social and demographical forces include the population growth, the customer's choices towards reading informative materials and so on. China has the highest population in the world with a high population development, revealing the increasing number of consumers of the A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution. The consumer choices are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP must concentrate on digital publishing to fulfill the altering customer choices.

Technological.

Technological forces affecting the CMP consist of the technological advancement in the reading strategies etc. Improvement of science and technology along with the increase of digital publishing could lower the demand for the CMP items, if certain actions would not be taken soon.

Environmental.
Vrio Analysis
Environmental forces impacting A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution consists of the concerns of ecological neighborhoods over the use of paper in publishing books. The paper utilized in the books while publishing is required to be disposable and the ink used while publishing ought to not be damaging for the environment.

Legal.

Legal policies for the publishing sector at whole are high. The legal regulations concerning the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 requires the publishers to be authorized first by the Federal government to be gone into in the publishing market. The ordinance forbids direct involvement of foreign entities and individuals in the publishing sector.

Industry Analysis (Porter's 5 Forces Model).

Porter's 5 Forces Design could be utilized to evaluate the attractiveness of the publishing industry China. A short analysis of the Porter's Five Forces is given as follows;.

Risk of New Entrants.

Dangers of new entrants in the Chinese Publishing Market is moderate. The potential growth in the industry tends to bring in brand-new entrants to the publishing market. The presence of extreme competitors and the requirement of substantial capital tends to demotivate brand-new entrants to go into in the market.

Danger of Substitution.

Danger of Substitution is high for the Chinese Publishing Market. The substitute items for the published documents is the files provided in the digital libraries on certain websites. The altering customer preferences towards digital learning increase the threat of substitution for the industry.

Competitive Competition.

Competitive competition in the publishing market is high. The existence of large number of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive competition for CMP. Along with it, brand-new entrants are likewise participating in the marketplace increasing the competitors for CMP.

Bargaining Power of Provider.

The significant providers of the A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution consist of the providers of the paper for publishing documents. As CMP is the largest publisher in the Chinese Publishing Market, for that reason the general bargaining power of supplier for CMP is low.

Bargaining Power of Buyer.

Negotiating power of purchaser in the publishing market is high. Due to the existence of a a great deal of publishers in the Chinese market and the market saturation, the buyers requires high quality documents at competitive prices.

Rivals Analysis.

CMP runs in an extremely competitive market with the existence of large number of competitors. The company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major competitors of A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Help include;.

• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).

Chemical Industry Press (CIP).

CIPis one of the close rivals of CMP. Founded in the exact same duration, CIP publishes comparable kind of books. For a big period, CIP held the largest market share, and still ranks second and 3rd in different market sections, with a significant concentrate on instructional publications. CIP serves as a danger for CMP as it could wean its market share due to its long term competitive background. CIP is focused on digital publishing and might wean the market share of A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Solution easily in the present market scenario.

Posts and telecommunication Press (PTP).

It was also established in the exact same period as A Progressive Tax System Is Fairer Than A Flat Tax System From A Taxpayers Perspective Case Study Help and CIP. It is also one of the popular gamers in the publishing market with an annual overall incomes of RMB 550 million in 2010.

Alternatives

Alternative-1: Broaden towards New Markets

Pros

• Reducing dependence over the Chinese markets.
• Increasing variety of Customers
• Growth chances.
• Preventing the impact of market saturation in the Chinese publishing market.

Cons
Recommendations
• Usage of prospective resources in expansion.
• Threat of failure in brand-new markets.
• Time consuming.

Alernative-2: Introduce Digital Publishing

Pros

• Sustaining consumer base.
• Approaching new markets.
• Easy to introduce using current capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio supplies high value to clients.

Cons

• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core organisation sectors to the brand-new one can lead the company to lose need of its products in the market.

Recommendations

As the preferences are shifting towards digital publishing and the business require an immediate option to avoid the decreasing market growth. The business could also consider the expansion program after the success of its digital publishing program.

Execution

In order to introduce digital publishing in its product portfolio, the company needs to initially gathers the data related to the customer need, the possible markets, the federal government policies and the information related to the competitors presented in the market. If the preliminary offering shows a success, the company needs to go for the other markets. In this method the business would be able to implement its digital publishing program.

Conclusion

Although, the development of the publishing industry is declining since 2008, showing a hazard to the company's long term presence, but the scenario can be managed by considering a development strategy in the future. The business might think about presenting digital publishingin its existing market to execute its advancement program at immediate basis and to prevent the risk of failure for entrance in the new markets.

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