Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution and Analysis
Introduction
Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution is the biggest publishing company with a highest market share in the China's book retail market. CMP has become a specialized info service provider and a large extensive Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Vital Issues
Although, Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution has spent its 60 years journey efficiently, being a successful publishing house, nevertheless, the changing macro market patterns and forces bring specific challenges to the publishing industry in basic and CMP in specific. These elements include;
• Entrance of the new publishing firms in the market.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Improvement of science and innovation.
The improvement of the macro markets have raised a number of concerns to the management at CPM that what could be the future of CMP in this scenario? Do the long valuable experience, technical resources and the abilities of the business could be utilized to strive for the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution has certain strengths that can be utilized to decrease the hazards, get rid of the weak point and obtain the opportunities. Strengths of CMP are provided as follows;
• The long term experience of Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Analysis in the publishing industry i.e. 60 years permits the business to provide high quality products at a lower cost using its previous experiences.
• The technical resources and abilities created by its successful journey provide a competitive benefit to CMP.
• Huge product portfolioof CMP helps it to diversify its danger and supply high worth to its clients.
• Strong monetary position permits the business to think about a number of advancement opportunities with no worry of raising fund externally.
Weak points
Along with the strengths, the business has certain weaknesses which could increase constraints for the business in executing its advancement program. The weak points of Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution are provided as follows;
• Despite of being a science and technology publishing company, the business 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 needs to propose certain growth strategies to avoid its dependence over the Chinese markets to attain long term development.
Opportunities
Although, the development of the publishing market is declining because 2008, affecting Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution as well, but the growth might be restored by availing specific chances provided in the market. The marketplace chances for CMP include;
• The company could likewise introduce Digital Publishing by utilizing its long term technical experience and a strong client recognition in the market.
• CMP could think about an advancement program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by utilizing its huge financial resources.
Hazards
The altering macro patterns in the market and increasing competitors in the publishing industry has positioned specific dangers to Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Analysis consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries could lead to decreasing market share of Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Help due to the consumer shift towards virtual libraries.
• The existence of large number of competitors in the publishing industry increase the danger for CMP to lose its competitive position in the market, as competitors can gain a strong consumer base by utilizing specific strategies like aggressive promotion, quality products, etc.
• Entrance of new publishing firms in the market together with presence of high competitors increases the risk of losing the client base.
Monetary Analysis.
The business has a quite competitive monetary performance. Due to lack of information, the financial ratios of CMP could not be determined. Nevertheless, the total monetary performance of the business might be evaluated by utilizing the graphs given in the case Appendices. It might be analyzed from the Appendix III that the yearly overall incomes of CMP throughout the duration 2000-2012 are growing at a high growth rate, revealing that the annual demand of the products of Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Help is growing and the company is quite effective in drawing in a a great deal of customers at a prospective rate.
Along with it, the second graph which reveals the annual growth in the Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution overall possessions, shows that the company is quite efficient in adding worth to its assets through its earnings. The growth in properties shows that the overall value of the firm is also increasing with increasing the overall revenues. (Unknown, 2013).
Another financial analysis of the company using the offered information might be the analysis regarding the circulation of total earnings of the business. Huge part of the profits of CMP originates from the sales of its released books i.e. 64% as displayed in the Case Appendix V. The business might move towards other company segments with a prospective growth to accomplish its future advancement goal.
PESTEL Analysis
PESTEL analysis might be conducted to discover the various external forces impacting the performance of the company and the current patterns in the external environment of the company. A quick PESTEL analysis of the company is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a significant influence on the mindset of individuals about the communist ideology of the government, for that reason, the publishing sector is extremely supervised and assisted by the Publicity Department of the Communist Party of China. It could be said that the total political forces impacting CMP company are high. The federal government policies relating to the publishing sector are also increasing with the passage of time.
Cost-effective.
Economic forces impacting the publishing sector in general and the Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Help in specific includesthe costs of paper, the income level of consumers, the inflation rate, and the overall GDP growth of the country. All these forces integrate effect the demand for the publishing market. Together with it, the economic policies related to the import of books impact the general organisation at CPM. However, China's economic conditions are quite beneficial for CMP with high GDP growth and consumer income level.
Social and Demographical.
The consumer preferences are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP ought to focus on digital publishing to fulfill the altering consumer preferences.
Technological.
Technological forces affecting the CMP consist of the technological development in the reading techniques and so on. Enhancement of science and innovation in addition to the increase of digital publishing could reduce the demand for the CMP products, if particular actions would not be taken quickly.
Environmental.
Ecological forces impacting Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Analysis consists of the issues of environmental communities over the usage of paper in publishing books. The paper used in the books while publishing is needed to be disposable and the ink used while publishing ought to not be hazardous for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal policies regarding the publishing sector is controlled by the General Administration of Press and Publication. Publishing Ordinance 1997 needs 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 people in the publishing sector.
Industry Analysis (Porter's 5 Forces Model).
Porter's Five Forces Model might be used to examine the appearance of the publishing industry China. A short analysis of the Porter's Five Forces is offered as follows;.
Risk of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the market tends to attract new entrants to the publishing market. The existence of intense competition and the requirement of huge capital tends to demotivate brand-new entrants to go into in the market.
Hazard of Substitution.
Danger of Substitution is high for the Chinese Publishing Market. The replacement items for the published documents is the files provided in the digital libraries on certain websites. The altering customer choices towards digital learning increase the danger of replacement for the industry.
Competitive Rivalry.
Competitive competition in the publishing market is high. The existence of large number of consumers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Together with it, new entrants are likewise entering into the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant providers of the Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Analysis consist of the providers of the paper for releasing documents. As CMP is the largest publisher in the Chinese Publishing Market, therefore the general bargaining power of supplier for CMP is low.
Bargaining Power of Buyer.
Negotiating power of buyer in the publishing industry is high. Due to the presence of a large number of publishers in the Chinese market and the market saturation, the purchasers requires high quality documents at competitive costs.
Rivals Analysis.
CMP runs in an extremely competitive industry with the presence of a great deal of competitors. The company has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant rivals of Apollo Hospitals Enterprise Ltd Clinical Score Card Case Study Solution include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts 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 could wean the market share of CMP easily in the present market circumstance.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was also founded in the exact same duration as CMP and CIP. It ranks sixth in the state-owned publishers in regards to organisation scale. It is also among the popular players in the publishing industry with a yearly total profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing reliance over the Chinese markets.
• Increasing variety of Customers
• Growth opportunities.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Use of potential resources in expansion.
• Risk of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present utilizing present abilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio offers high worth to consumers.
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 new one can lead the business to lose demand of its products in the market.
Recommendations
With the deep analysis of the external and internal environment of the company along with the market analysis and the rival analysis, Alternative 2 is advised to CMP to attain its future advancement. As the choices are moving towards digital publishing and the business need an instant option to avoid the decreasing market development. For that reason, intro of digital publishing could prove to be an immediate service with low amount of danger for the company. The company might likewise consider the expansion program after the success of its digital publishing program.
Implementation
In order to present digital publishing in its item portfolio, the company must initially collects the information associated with the consumer need, the potential markets, the federal government regulations and the data related to the competitors provided in the market. After that, the company should choose one prospective segment for its preliminary offering. It must gather research study that how it could differentiate its digital publishing from the existing competitors' items. The actions above the business need to go for the initial offering. If the preliminary offering proves a success, the business should opt for the other markets. In this method the company would be able to implement its digital publishing program.
Conclusion
The growth of the publishing market is decreasing because 2008, showing a threat to the company's long term existence, however the situation can be controlled by thinking about an advancement plan in the future. The company might consider introducing digital publishingin its existing market to implement its development program at immediate basis and to avoid the threat of failure for entryway in the new markets.
