Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Solution and Analysis
Introduction
Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Help is the largest publishing company with a greatest market share in the China's book retail market. CMP has ended up being a specialized info service provider and a large extensive Science and Technology publishing company through the combination of print media, audio-visual media and the network media.
Important Concerns
CMP has spent its 60 years journey smoothly, being an effective publishing house, however, the changing macro market trends and forces bring particular challenges to the publishing market in general and Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Analysis in particular. These elements include;
• Entrance 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 technology.
The change of the macro markets have raised a number of questions 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 abilities of the business could be utilized to strive for the future development unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Solution has specific strengths that can be used to minimize the risks, conquer the weak point and obtain the opportunities. Strengths of CMP are given as follows;
• The long term experience of Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Solution in the publishing industry i.e. 60 years permits the business to supply high quality products at a lower cost utilizing its previous experiences.
• The technical resources and capabilities created by its successful journey provide a competitive benefit to CMP.
• Large product portfolioof CMP assists it to diversify its risk and provide high value to its consumers.
• Strong financial position enables the business to think about several development chances without any fear of raising fund externally.
Weaknesses
Together with the strengths, the business has certain weak points which could increase restrictions for the business in implementing its advancement program. The weak points of Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Analysis are given as follows;
• Despite of being a science and technology publishing company, the company still has traditional methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It must propose certain expansion plans to avoid its reliance over the Chinese markets to attain long term development.
Opportunities
The growth of the publishing market is declining since 2008, impacting Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Solution as well, however the growth could be revived by availing certain chances presented in the market. The marketplace chances for CMP include;
• The company could likewise present Digital Publishing by utilizing its long term technical experience and a strong customer recognition in the market.
• CMP could consider an advancement program through the expansion towards foreign markets in order to decrease its dependence over Chinese markets by utilizing its huge funds.
Dangers
The altering macro patterns in the market and increasing competitors in the publishing market has actually positioned particular dangers to Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Help consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries could cause decreasing market share of Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Help due to the consumer shift towards virtual libraries.
• The presence of large number of rivals in the publishing industry increase the hazard for CMP to lose its competitive position in the market, as competitors can get a strong customer base by using certain strategies like aggressive promo, quality items, etc.
• Entrance of new publishing companies in the industry in addition to presence of high competition increases the hazard of losing the client base.
Monetary Analysis.
Due to absence of data, the financial ratios of CMP might not be calculated. It could be analyzed from the Appendix III that the annual total revenues of Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Help during the period 2000-2012 are growing at a high growth rate, revealing that the annual demand of the items of CMP is growing and the company is rather efficient in bring in a big number of consumers at a potential price.
Together with it, the second chart which reveals the annual development in the Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Solution overall properties, shows that the company is quite effective in adding value to its properties through its incomes. The growth in properties reveals that the overall value of the company is likewise increasing with increasing the total profits. (Unknown, 2013).
Another monetary analysis of the business using the given data could be the analysis concerning the circulation of total revenues of the company. Major part of the earnings of CMP comes from the sales of its released books i.e. 64% as shown in the Case Appendix V. The business could move towards other organisation segments with a prospective growth to attain its future advancement objective.
PESTEL Analysis
PESTEL analysis could be performed to find out the different external forces affecting the performance of the business and the current trends in the external environment of the company. A quick PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a significant effect on the state of mind of the people about the communist ideology of the federal government, for that reason, the publishing sector is extremely supervised and directed by the Promotion Department of the Communist Celebration of China. It could be stated that the general political forces affecting CMP organisation are high. The federal government policies regarding the publishing sector are likewise increasing with the passage of time.
Economical.
Financial forces affecting the publishing sector in basic and the Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Help in specific includesthe rates of paper, the income level of customers, the inflation rate, and the total GDP growth of the country. All these forces combine effect the demand for the publishing market. Along with it, the economic policies related to the import of books impact the overall organisation at CPM. Nevertheless, China's financial conditions are quite favorable for CMP with high GDP growth and consumer earnings level.
Social and Demographical.
Social and demographical forces include the population development, the customer's choices towards checking out informative products etc. China has the highest population worldwide with a high population development, showing the increasing variety of consumers of the Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Solution. The customer choices are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP must concentrate on digital publishing to satisfy the changing customer choices.
Technological.
Technological forces affecting the CMP consist of the technological improvement in the reading strategies etc. Enhancement of science and technology in addition to the increase of digital publishing could lower the demand for the CMP products, if specific actions would not be taken quickly.
Environmental.
Environmental forces impacting Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Help includes the concerns of ecological communities over the use of paper in publishing books. The paper utilized in the books while publishing is required to be non reusable and the ink utilized while publishing ought to not be harmful for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. The legal guidelines regarding the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 needs the publishers to be approved initially by the Government to be gone into in the publishing market. The regulation forbids direct participation of foreign entities and people in the publishing sector.
Market Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Design might be utilized to examine the appearance of the publishing industry China. A brief analysis of the Porter's 5 Forces is given as follows;.
Danger of New Entrants.
Risks of brand-new entrants in the Chinese Publishing Market is moderate. The potential growth in the market tends to attract new entrants to the publishing industry. The existence of extreme competition and the requirement of huge capital tends to demotivate new entrants to enter in the market.
Hazard of Substitution.
Danger of Alternative is high for the Chinese Publishing Market. The replacement products for the published files is the documents presented in the digital libraries on particular sites. The changing consumer choices towards digital knowing increase the hazard of substitution for the industry.
Competitive Rivalry.
Competitive rivalry in the publishing industry is high. The existence of a great deal of customers 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 participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The major suppliers of the Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Help include the providers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the overall bargaining power of supplier for CMP is low.
Bargaining Power of Buyer.
Haggling power of buyer in the publishing market 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.
Competitors Analysis.
CMP runs in a highly competitive industry with the existence of a great deal of rivals. Nevertheless, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major competitors of Bridging The Digital Divide The Case Of Bell Nortel And Chapleau Ontario Case Study Analysis consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry 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 could wean the market share of CMP quickly in the present market circumstance.
Posts and telecommunication Press (PTP).
Another close competitor 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 service scale. It is likewise one of the popular gamers in the publishing market with a yearly total incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing dependence over the Chinese markets.
• Increasing variety of Customers
• Growth opportunities.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Use of possible resources in expansion.
• Threat of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present using existing capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio supplies 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 service segments to the new one can lead the company to lose demand of its products in the market.
Recommendations
As the choices are moving towards digital publishing and the company need an instant option to avoid the declining industry growth. The company might also think about the expansion program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its item portfolio, the business should first collects the information connected to the customer demand, the possible markets, the government policies and the data related to the rivals provided in the market. After that, the company should choose one prospective section for its preliminary offering. It should gather research that how it could differentiate its digital publishing from the existing rivals' products. After all the actions above the company need to choose the preliminary offering. If the preliminary offering shows a success, the business needs to go for the other markets. In this method the company would have the ability to execute its digital publishing program.
Conclusion
Although, the development of the publishing market is decreasing considering that 2008, revealing a hazard to the company's long term existence, but the circumstance can be managed by considering a development plan in the future. The company could think about introducing digital publishingin its existing market to execute its development program at immediate basis and to prevent the danger of failure for entryway in the new markets.
