Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Solution and Analysis
Intro
Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Help is the biggest publishing business with a greatest market share in the China's book retail market. CMP has ended up being a specialized details company and a large extensive Science and Innovation publishing business through the combination of print media, audio-visual media and the network media.
Vital Concerns
CMP has invested its 60 years journey smoothly, being a successful publishing home, however, the altering macro market patterns and forces bring specific obstacles to the publishing market in general and Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Help in specific. These aspects include;
• Entrance of the brand-new publishing companies in the industry.
• Declining development of the publishing market.
• Market saturation.
• Intro of digital publishing methods
• Improvement of science and technology.
The transformation of the macro markets have raised numerous concerns to the management at CPM that what could be the future of CMP in this situation? Do the long valuable experience, technical resources and the capabilities of the company could be utilized to pursue the future development unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis has specific strengths that can be used to reduce the threats, get rid of the weak point and get the opportunities. Strengths of CMP are provided as follows;
• The long term experience of Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Help in the publishing industry i.e. 60 years allows the company to provide high quality products at a lower cost utilizing its prior experiences.
• The technical resources and abilities created by its successful journey offer a competitive benefit to CMP.
• Large item portfolioof CMP assists it to diversify its danger and provide high worth to its consumers.
• Strong monetary position enables the company to think about several advancement chances without any worry of raising fund externally.
Weak points
In addition to the strengths, the business has certain weaknesses which could increase restraints for the business in executing its advancement program. The weaknesses of Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Solution are provided as follows;
• Despite of being a science and technology publishing company, the company still has traditional ways ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It should propose particular expansion strategies to avoid its reliance over the Chinese markets to accomplish long term growth.
Opportunities
Although, the development of the publishing industry is declining since 2008, affecting Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis too, but the development could be revived by availing specific chances provided in the market. The marketplace chances for CMP include;
• The company might also present Digital Publishing by utilizing its long term technical experience and a strong consumer recognition in the market.
• CMP could consider a development program through the expansion towards foreign markets in order to decrease its dependence over Chinese markets by utilizing its vast funds.
Threats
The changing macro trends in the market and increasing competitors in the publishing market has postured certain risks to Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might result in decreasing market share of Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis due to the customer shift towards virtual libraries.
• The presence of a great deal of competitors in the publishing industry increase the threat for CMP to lose its competitive position in the market, as competitors can acquire a strong customer base by utilizing specific methods like aggressive promo, quality items, etc.
• Entrance of brand-new publishing companies in the industry along with existence of high competitors increases the threat of losing the client base.
Monetary Analysis.
The business has a rather competitive financial performance. Due to lack of information, the financial ratios of CMP might not be determined. The general financial efficiency of the business might be examined by utilizing the graphs offered in the case Appendices. It might be examined from the Appendix III that the annual overall profits of CMP throughout the duration 2000-2012 are growing at a high growth rate, showing that the yearly need of the products of Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis is growing and the company is quite effective in drawing in a large number of customers at a prospective rate.
Together with it, the 2nd graph which shows the annual development in the Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis total assets, reveals that the business is rather efficient in including worth to its properties through its earnings. The development in properties shows that the overall worth of the company is also increasing with increasing the total earnings. (Unidentified, 2013).
Another monetary analysis of the business utilizing the offered data might be the analysis relating to the circulation of total revenues of the company. Major part of the earnings of CMP originates from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The company could move towards other service sectors with a prospective development to achieve its future advancement goal.
PESTEL Analysis
PESTEL analysis could be performed to learn the different external forces impacting the performance of the business and the current trends in the external environment of the company. A quick PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant impact on the state of mind of the people about the communist ideology of the government, for that reason, the publishing sector is extremely supervised and directed by the Publicity Department of the Communist Celebration of China. Therefore, it might be stated that the total political forces affecting Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Help company are high. The federal government policies concerning the publishing sector are also increasing with the passage of time.
Cost-effective.
Economic forces affecting the publishing sector in general and the Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Help in specific includesthe costs of paper, the earnings level of consumers, the inflation rate, and the overall GDP development of the country. All these forces integrate impact the demand for the publishing market. Together with it, the financial policies connected to the import of books impact the total service at CPM. Nevertheless, China's financial conditions are quite favorable for CMP with high GDP development and consumer earnings level.
Social and Demographical.
The consumer preferences are moving towards digital publishing rather than the standard was of publishing. In this regard, CMP needs to focus on digital publishing to meet the altering customer choices.
Technological.
Technological forces impacting the CMP include the technological development in the reading techniques and so on. Improvement of science and technology along with the increase of digital publishing could decrease the need for the CMP products, if particular actions would not be taken quickly.
Environmental.
Ecological forces affecting Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis includes the concerns of ecological neighborhoods over the use of paper in publishing books. The paper used in the books while publishing is needed to be non reusable and the ink utilized while publishing ought to not be damaging for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. Publishing Ordinance 1997 needs the publishers to be approved first by the Federal government to be entered in the publishing market.
Industry Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Model could be utilized to examine the attractiveness of the publishing market China. A brief analysis of the Porter's Five Forces is provided as follows;.
Hazard of New Entrants.
Risks of new entrants in the Chinese Publishing Industry is moderate. The potential development in the industry tends to attract new entrants to the publishing industry. The existence of extreme competition and the requirement of substantial capital tends to demotivate new entrants to enter in the market.
Danger of Substitution.
Danger of Substitution is high for the Chinese Publishing Industry. The alternative products for the released documents is the documents presented in the virtual libraries on particular sites. The altering customer preferences towards digital knowing increase the danger of replacement 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 rivalry for CMP. In addition to it, brand-new entrants are likewise participating in the marketplace increasing the competitors for CMP.
Bargaining Power of Provider.
The significant providers of the Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Solution include the suppliers of the paper for releasing documents. As CMP is the largest publisher in the Chinese Publishing Market, therefore the overall bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Bargaining power of buyer in the publishing market is high. Due to the existence of a large number of publishers in the Chinese market and the market saturation, the purchasers needs high quality files at competitive costs.
Competitors Analysis.
CMP operates in an extremely competitive industry with the presence of large number of competitors. The company has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Help consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close competitors of CMP. Established in the same period, CIP releases similar type of books. For a large time period, CIP held the biggest market share, and still ranks third and second in numerous market segments, with a significant concentrate on instructional publications. CIP acts as a risk for CMP as it could wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and could wean the marketplace share of Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Solution quickly in the current market situation.
Posts and telecommunication Press (PTP).
It was also founded in the very same period as Dispelling Misconceptions And Providing Guidelines For Leader Reward And Punishment Behavior Case Study Analysis and CIP. It is likewise one of the popular players in the publishing market with an annual total profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Consumers
• Growth opportunities.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Usage of possible resources in growth.
• Threat of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching 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
• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core service sections to the brand-new one can lead the company to lose need of its products in the market.
Suggestions
As the preferences are moving towards digital publishing and the business need an immediate solution to prevent the declining market growth. The business could also consider the expansion program after the success of its digital publishing program.
Implementation
In order to present digital publishing in its item portfolio, the business ought to first gathers the information associated with the consumer demand, the possible markets, the government guidelines and the data associated with the rivals provided in the market. After that, the company should decide one prospective sector for its initial offering. It ought to collect research study that how it might differentiate its digital publishing from the existing rivals' items. After all the steps above the business must choose the initial offering. If the initial offering proves a success, the company needs to opt for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
Although, the development of the publishing industry is declining since 2008, showing a danger to the company's long term presence, but the circumstance can be controlled by thinking about a development plan in the future. The company might consider presenting digital publishingin its existing market to implement its development program at instant basis and to avoid the risk of failure for entrance in the brand-new markets.
