Menu

Bang Olufsen Design Driven Innovation 3 Case Solution

Home >> Management >> Bang Olufsen Design Driven Innovation 3

Bang Olufsen Design Driven Innovation 3 Case Study Solution and Analysis


Introduction

Bang Olufsen Design Driven Innovation 3 Case Study Solution is the biggest publishing business with a highest market share in the China's book retail market. CMP provides a variety of services including; collecting info, processing information and interaction services. Major organisation segments of the business consist of; books, periodicals, consultancy and distribution. The business has a large product portfolio and its major items include books, periodicals, online media, exhibitions, research study reports and so on. Bang Olufsen Design Driven Innovation 3 Case Study Analysis has become a specialized information company and a big thorough Science and Technology publishing company through the combination of print media, audio-visual media and the network media.

Crucial Issues

CMP has actually spent its 60 years journey efficiently, being an effective publishing house, however, the changing macro market trends and forces bring certain challenges to the publishing industry in general and Bang Olufsen Design Driven Innovation 3 Case Study Help in particular. These aspects include;

• Entryway of the brand-new publishing firms in the market.
• Declining development of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Improvement of science and technology.
Executive Summary
The improvement of the macro markets have raised several 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 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


Bang Olufsen Design Driven Innovation 3 Case Study Help has specific strengths that can be used to minimize the dangers, overcome the weakness and obtain the opportunities. Strengths of CMP are offered as follows;

• The long term experience of Bang Olufsen Design Driven Innovation 3 Case Study Help in the publishing industry i.e. 60 years permits the company to supply high quality items at a lower expense using its prior experiences.
• The technical resources and abilities produced by its successful journey provide a competitive benefit to CMP.
• Vast item portfolioof CMP helps it to diversify its risk and offer high worth to its consumers.
• Strong monetary position permits the company to consider a number of development chances without any worry of raising fund externally.

Weaknesses

Together with the strengths, the company has specific weaknesses which could increase constraints for the company in executing its development program. The weaknesses of Bang Olufsen Design Driven Innovation 3 Case Study Analysis are given as follows;

• Despite of being a science and innovation publishing company, the company still has standard methods ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It ought to propose specific expansion strategies to prevent its reliance over the Chinese markets to attain long term development.
Porter's 5 Forces Analysis
Opportunities

The growth of the publishing industry is decreasing considering that 2008, affecting Bang Olufsen Design Driven Innovation 3 Case Study Help as well, but the development could be revived by availing specific chances presented in the market. The marketplace opportunities for CMP consist of;

• The business could also introduce Digital Publishing by using its long term technical experience and a strong customer acknowledgment in the market.
• CMP could think about an advancement program through the expansion towards foreign markets in order to reduce its reliance over Chinese markets by using its huge financial resources.

Threats

The altering macro trends in the market and increasing competition in the publishing market has actually positioned particular hazards to Bang Olufsen Design Driven Innovation 3 Case Study Help consisting of;( Gurel, 2017).

• Intro of digital publishing i.e. digital libraries could cause declining market share of Bang Olufsen Design Driven Innovation 3 Case Study Help due to the customer shift towards virtual libraries.
• The presence of a great deal of competitors in the publishing market increase the risk for CMP to lose its competitive position in the market, as competitors can gain a strong consumer base by using specific methods like aggressive promotion, quality products, etc.
• Entryway of new publishing companies in the industry in addition to presence of high competitors increases the risk of losing the client base.

Financial Analysis.
Swot Analysis
The business has a rather competitive monetary performance. Due to absence of data, the monetary ratios of CMP might not be computed. The overall financial performance of the company could be examined by utilizing the graphs given in the case Appendices. It might be analyzed from the Appendix III that the annual overall revenues of CMP during the duration 2000-2012 are growing at a high growth rate, showing that the yearly demand of the products of Bang Olufsen Design Driven Innovation 3 Case Study Solution is growing and the business is rather efficient in bring in a a great deal of clients at a potential cost.

Together with it, the second chart which shows the yearly development in the Bang Olufsen Design Driven Innovation 3 Case Study Analysis overall properties, reveals that the company is quite efficient in adding worth to its assets through its profits. The growth in possessions shows that the total value of the company is likewise increasing with increasing the total profits. (Unidentified, 2013).

Another financial analysis of the business utilizing the offered data could be the analysis regarding the distribution of overall earnings of the business. Huge part of the profits of CMP originates from the sales of its released books i.e. 64% as shown in the Case Appendix V. The company might move towards other company segments with a potential development to accomplish its future development goal.

PESTEL Analysis

PESTEL analysis might be conducted to find out the various external forces impacting the efficiency of the company and the current trends in the external environment of the business. A short PESTEL analysis of the company is provided as follows; (Alanzi, 2018).

Political.

As the publishing sector might have a significant effect on the mindset of the people about the communist ideology of the government, therefore, the publishing sector is highly monitored and guided by the Promotion Department of the Communist Party of China. Therefore, it might be said that the general political forces affecting Bang Olufsen Design Driven Innovation 3 Case Study Help organisation are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.

Cost-effective.

Financial forces affecting the publishing sector in general and the Bang Olufsen Design Driven Innovation 3 Case Study Analysis in specific includesthe rates of paper, the earnings level of consumers, the inflation rate, and the overall GDP development of the country. All these forces integrate impact the need for the publishing market. Together with it, the economic policies associated with the import of books affect the total business at CPM. However, China's financial conditions are rather beneficial for CMP with high GDP growth and consumer income level.

Social and Demographical.

Social and demographical forces consist of the population development, the customer's choices towards checking out informative materials etc. China has the highest population worldwide with a high population development, showing the increasing variety of customers of the Bang Olufsen Design Driven Innovation 3 Case Study Help. However, the customer preferences are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP ought to focus on digital publishing to meet the altering customer preferences.

Technological.

Technological forces affecting the CMP include the technological improvement in the reading strategies and so on. Improvement of science and technology along with the rise of digital publishing might reduce the demand for the CMP items, if particular actions would not be taken quickly.

Environmental.
Vrio Analysis
Environmental forces affecting Bang Olufsen Design Driven Innovation 3 Case Study Help includes the issues of environmental neighborhoods over the use of paper in publishing books. The paper used in the books while publishing is required to be disposable and the ink utilized while publishing must not be damaging for the environment.

Legal.

Legal regulations for the publishing sector at whole are high. Publishing Regulation 1997 needs the publishers to be authorized initially by the Government to be gone into in the publishing market.

Market Analysis (Porter's 5 Forces Model).

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

Risk of New Entrants.

Risks of brand-new entrants in the Chinese Publishing Industry is moderate. The potential growth in the market tends to attract new entrants to the publishing market. The presence of extreme competitors and the requirement of big capital tends to demotivate brand-new entrants to enter in the market.

Threat of Substitution.

Hazard of Replacement is high for the Chinese Publishing Market. The alternative products for the published documents is the documents presented in the virtual libraries on certain websites. The changing consumer preferences towards digital learning increase the risk of alternative for the industry.

Competitive Competition.

Competitive competition in the publishing industry is high. The presence of large number of consumers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive competition for CMP. In addition to it, new entrants are also entering into the marketplace increasing the competition for CMP.

Bargaining Power of Provider.

The significant suppliers of the Bang Olufsen Design Driven Innovation 3 Case Study Analysis include the providers of the paper for releasing files. 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 industry is high. Due to the existence of a a great deal of publishers in the Chinese market and the market saturation, the purchasers needs high quality files at competitive prices.

Rivals Analysis.

CMP operates in an extremely competitive market with the presence of large number of competitors. The company has a competitive position in the market with the highest market share in the Chinese publishing market. Significant competitors of Bang Olufsen Design Driven Innovation 3 Case Study Help include;.

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

Chemical Market Press (CIP).

CIP acts as a threat 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 CMP easily in the present market circumstance.

Posts and telecommunication Press (PTP).

It was also established in the exact same period as Bang Olufsen Design Driven Innovation 3 Case Study Analysis and CIP. It is likewise one of the prominent players in the publishing market with a yearly total profits of RMB 550 million in 2010.

Alternatives

Alternative-1: Expand towards New Markets

Pros

• Lowering dependence over the Chinese markets.
• Increasing variety of Customers
• Growth opportunities.
• Avoiding the impact of market saturation in the Chinese publishing industry.

Cons
Recommendations
• Usage of possible resources in expansion.
• Threat 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 current capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio offers high value to clients.

Cons

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

Suggestions

With the deep analysis of the internal and external environment of the business along with the market analysis and the competitor analysis, Alternative 2 is advised to CMP to accomplish its future advancement. As the choices are moving towards digital publishing and the business require an immediate service to avoid the decreasing industry growth. Intro of digital publishing might prove to be an immediate solution with low quantity of danger for the business. However, the company could also consider the expansion program after the success of its digital publishing program.

Application

In order to present digital publishing in its product portfolio, the business ought to initially gathers the information related to the customer demand, the potential markets, the federal government regulations and the information related to the competitors provided in the market. If the initial offering proves a success, the company needs to go for the other markets. In this way the company would be able to implement its digital publishing program.

Conclusion

The growth of the publishing industry is declining considering that 2008, revealing a threat to the business's long term existence, however the circumstance can be managed by thinking about an advancement plan in the future. The company could think about introducing digital publishingin its existing market to execute its advancement program at instant basis and to prevent the danger of failure for entrance in the new markets.

The Millegan Creek Apartments 2 Nova Chemical Corporation Quiet Logistics A 2 Hong Xing Auto Sales And Service Co
Harvest Organic Waste Recycling With Energy Recovery Trading Simulation Apple Inc In 2015 4 Trading Simulation Of Portfolios
Hewlett Packard Performance Measurement In The Supply Chain Cola War Continues Coke And Pepsi In 2010 Calaveras Vineyards 5 Interview Session
University Of Wyoming Mens Basketball Team Lululemon Athletica 4 Pioneer Petroleum Portfolio Project 3d Printing
Analyzing Data For Bi Porcinis Pronto Great Italian Cuisine Without The Wait 5 Debeers And The Global Diamond Industry Marketing Management Marketing Plan
Hallstead Jewelers 3 Sinyi Real Estate In Taiwan Taxation 2 Colorscope Inc
Design Effective Teams To Improve Performance In An Organization It Industry 2 Chase Manhattan Corp The Making Of Americas Largest Bank Passenger Rail Agency Of South Africa Gm In China Abridged
Hotel Ivory 2 Cole And Parker Socks That Start Businesses 2 Impact Of Introduction Of Commercial Green Energy In Massive Scale As Substitute For Oil In Pakistan Gillettes Launch Of Sensor 2
Strategic Planning At United Parcel Service Himalaya Shampoo Building A Differentiated Brand Image Canadian Blood Services 2 Huawei In Canada Can It Become A Trusted Player 2
Humana Inc Managing In A Changing Industry 2 Burlington Northern Railroad Company Equipment Leasing 2 Think Piece 1 Unilever In Brazil 3
Term Paper Assignment Leading Teams 3 Executive Compensation At Talent Partners 2 Mbe Project
Volatility Transmission In Global Financial Markets Comcast Corporation 2 Supply Chain Partners Virginia Mason And Owens Minor Bluewater Football Association
Goats The Green Alternative B 2 The Squeaky Horn 2 Strategic Plan Nantucket Nectars 2
Island Foods Inc Launching The Bmw Z3 Roadster 3 Bce Inc Facing The Future Dakota Office Products 2
Statistical Research Assignment Metallgiesseri Worms Ag Oceancove Case Analysis Internal Environment
Amazon Com The Brink Of Bankruptcy 2 Toyota Motor Manufacturing U S A Inc Cialis Lifecycle Management Lillys Bph Dilemma Corporate Finance Assignment
Lululemon Athleticas Product Employee And Public Relations Issues The St Xavier Healing Touch Hospital 2 Exercise 2 Solution Aqualisa Quartz Simply A Better Shower 5
Extending The Easy Business Model Solution Assessment 1 Consultative Report Thurgood Marshall High School Pg Japan The Sk Ii Globalization Project 5
National Casualty Insurance Problem Solution Atlantis Paradise Island Resort And Casino B Improving Performance With New Core Values Kraft Foods The Coffee Pod Launch A
Cost Accounting For Astel Computers Principle Of Product Policy The Garden Place Toyota Demand Chain Management
Hcc Industries 3 Crafton Industries The Sale Of Goods Act 1893 1980 Implied Terms Into Consumer Contracts Investment Decisions
Icebreaker The Us Entry Decision Murray Ohio Manufacturing Co 2 Organizational Inclusion Threshold Sports Llc
Target Corporation Ackman Versus The Board Murray Ohio Manufacturing Co Assessing Earnings Quality Nuware Inc 2 Doing Deals And Leading Teams At Xaf Partners 2
Www Dhonuk Com Dr Tims Premium All Natural Pet Food Growth Options And Web Analytics Insights 3 Leica Camera A Boutique Firm Faces A World Of Change 2 Macroeconomic Analysis Of Us Economy
Dqs Procter Gamble Organization 2005 A Apple Inc In 2012 Be Our Guest Inc
Tesla Motors 5 Ross Abernathy And Frontier National Bank Giordano International Sustained Success Beyond 2005 2 Brinks Company Activists Push For A Spin Off
Chipotle Mexican Grill Inc Food With Integrity 2 Cemex And Antidumping 2 J Trading Financial Analysis Assignment
Morocco Global Wine War 2009 New World Versus Old Valuation And Corporate Finance Transactions Linkedin Corporation
Friendly Cards Inc Czech Mate Jake And Dans Marvelous Adventure A Metabical 80 Hudson Vinegar Hill Dumbo Brooklyn
A Chinese Start Ups Midlife Crisis 99sushe Com Striker Corporation In Sourcing Pcbs Risk Management At Apache 2 The Return Of The Loan
Elizabeth Best C Elizabeth Best A Elizabeth Best D Frank Mason A
Learning By The Case Method Freemark Abbey Winery People Express A Steinway Sons
Boston Whaler Inc Managing The Dealer Network Perspective On Entrepreneurship Rr Kentucky Fried Chicken Japan Ltd
Note On The Pricing Of Mortgage Backed Securities Kansas City Zephyrs Baseball Club Inc Adolph Coors In The Brewing Industry Hurricane Island Outward Bound School