Great Western Hospital High Risk Pregnancy Care Case Study Solution and Analysis
Introduction
Great Western Hospital High Risk Pregnancy Care Case Study Solution is the largest publishing company with a greatest market share in the China's book retail market. CMP has actually ended up being a specialized information supplier and a big comprehensive Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Crucial Problems
CMP has actually invested its 60 years journey smoothly, being a successful publishing house, nevertheless, the changing macro market patterns and forces bring certain difficulties to the publishing industry in basic and Great Western Hospital High Risk Pregnancy Care Case Study Analysis in specific. These elements include;
• Entryway of the brand-new publishing companies in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Intro of digital publishing methods
• Improvement of science and innovation.
The change of the macro markets have raised several questions to the management at CPM that what could be the future of CMP in this circumstance? Do the long important experience, technical resources and the abilities of the business could be utilized to strive for the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Great Western Hospital High Risk Pregnancy Care Case Study Analysis has particular strengths that can be utilized to minimize the risks, overcome the weak point and get the chances. Strengths of CMP are given as follows;
• The long term experience of Great Western Hospital High Risk Pregnancy Care Case Study Solution in the publishing industry i.e. 60 years permits the company to provide high quality products at a lower cost using its previous experiences.
• The technical resources and abilities produced by its successful journey provide a competitive benefit to CMP.
• Vast product portfolioof CMP helps it to diversify its risk and provide high value to its consumers.
• Strong monetary position enables the company to think about a number of development opportunities with no fear of raising fund externally.
Weak points
Along with the strengths, the business has particular weak points which might increase restrictions for the business in implementing its advancement program. The weak points of Great Western Hospital High Risk Pregnancy Care Case Study Solution are given as follows;
• Despite of being a science and technology publishing company, the company still has standard methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It must propose certain expansion strategies to prevent its dependence over the Chinese markets to accomplish long term development.
Opportunities
Although, the growth of the publishing market is declining given that 2008, affecting Great Western Hospital High Risk Pregnancy Care Case Study Analysis as well, but the development might be restored by availing specific opportunities presented in the market. The market chances for CMP include;
• The business might also present Digital Publishing by utilizing its long term technical experience and a strong client acknowledgment in the market.
• CMP could consider an advancement program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by using its large funds.
Dangers
The changing macro patterns in the market and increasing competition in the publishing market has posed specific risks to Great Western Hospital High Risk Pregnancy Care Case Study Help including;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries might result in decreasing market share of Great Western Hospital High Risk Pregnancy Care Case Study Help due to the consumer shift towards virtual libraries.
• The existence of a great deal of competitors in the publishing market increase the danger for CMP to lose its competitive position in the market, as competitors can acquire a strong customer base by utilizing specific techniques like aggressive promotion, quality products, and so on
• Entryway of brand-new publishing firms in the industry in addition to existence of high competition increases the threat of losing the customer base.
Monetary Analysis.
Due to lack of information, the monetary ratios of CMP might not be determined. It might be evaluated from the Appendix III that the annual overall profits of Great Western Hospital High Risk Pregnancy Care Case Study Help throughout the duration 2000-2012 are growing at a high growth rate, revealing that the annual demand of the items of CMP is growing and the business is rather efficient in attracting a big number of clients at a potential rate.
In addition to it, the second graph which shows the yearly development in the Great Western Hospital High Risk Pregnancy Care Case Study Solution total assets, reveals that the company is quite effective in including value to its possessions through its revenues. The development in assets shows that the overall value of the firm is likewise increasing with increasing the overall profits. (Unknown, 2013).
Another financial analysis of the business using the offered information might be the analysis regarding the distribution of overall profits of the company. Major part of the revenues of CMP comes from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The business could move towards other business segments with a possible development to attain its future development goal.
PESTEL Analysis
PESTEL analysis could be performed to learn the numerous external forces affecting the performance of the business and the recent patterns in the external environment of the company. A brief PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a substantial impact on the state of mind of individuals about the communist ideology of the federal government, therefore, the publishing sector is extremely supervised and assisted by the Publicity Department of the Communist Celebration of China. For that reason, it could be said that the overall political forces affecting Great Western Hospital High Risk Pregnancy Care Case Study Solution service are high. The government policies regarding the publishing sector are also increasing with the passage of time.
Affordable.
Financial forces impacting the publishing sector in general and the Great Western Hospital High Risk Pregnancy Care Case Study Solution in specific includesthe costs of paper, the income level of customers, the inflation rate, and the overall GDP growth of the country. All these forces combine impact the need for the publishing market. In addition to it, the financial policies associated with the import of books affect the general company at CPM. Nevertheless, China's economic conditions are quite favorable for CMP with high GDP growth and customer earnings level.
Social and Demographical.
The consumer choices are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP must focus on digital publishing to satisfy the changing customer choices.
Technological.
Technological forces affecting the CMP consist of the technological development in the reading methods and so on. Enhancement of science and technology along with the increase of digital publishing might lower the need for the CMP items, if specific actions would not be taken soon.
Environmental.
Ecological forces affecting Great Western Hospital High Risk Pregnancy Care Case Study Solution consists of the issues of ecological neighborhoods over the usage of paper in publishing books. The paper used in the books while publishing is required to be disposable and the ink used while publishing ought to not be harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. Publishing Ordinance 1997 requires 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 Five Forces Design could be used to evaluate the attractiveness of the publishing industry China. A short analysis of the Porter's 5 Forces is given as follows;.
Danger of New Entrants.
Threats of new entrants in the Chinese Publishing Industry is moderate. The prospective development in the industry tends to attract brand-new entrants to the publishing market. Nevertheless, the existence of intense competition and the requirement of huge capital tends to demotivate new entrants to go into in the marketplace.
Threat of Substitution.
Threat of Substitution is high for the Chinese Publishing Market. The substitute products for the released documents is the documents provided in the digital libraries on specific websites. The altering customer preferences towards digital knowing increase the danger of replacement for the market.
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. Together with it, new entrants are likewise entering into the market increasing the competition for CMP.
Bargaining Power of Provider.
The significant suppliers of the Great Western Hospital High Risk Pregnancy Care Case Study Solution consist of the providers of the paper for releasing documents. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the total bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
Bargaining power of buyer 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 purchasers requires high quality files at competitive rates.
Competitors Analysis.
CMP operates in a highly competitive market with the presence of large number of competitors. Nevertheless, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Significant competitors of Great Western Hospital High Risk Pregnancy Care Case Study Analysis consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts as a risk for CMP as it might 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 competitor of CMP is PTP. It was likewise established in the same period as CMP and CIP. It ranks sixth in the state-owned publishers in regards to service scale. It is likewise one of the popular players in the publishing industry with an annual total incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Decreasing reliance over the Chinese markets.
• Increasing variety of Consumers
• Growth opportunities.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Use of potential resources in expansion.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present using present capabilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased product portfolio provides high value to clients.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core service sections to the new one can lead the company to lose need of its products in the market.
Recommendations
With the deep analysis of the external and internal environment of the business in addition to the industry analysis and the rival analysis, Alternative 2 is suggested to CMP to accomplish its future advancement. As the preferences are shifting towards digital publishing and the company require an immediate service to avoid the decreasing industry growth. Intro of digital publishing could show to be an immediate option with low quantity of threat for the company. Nevertheless, the business might 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 company should first gathers the information related to the consumer need, the possible markets, the government regulations and the information related to the rivals provided in the market. If the initial offering proves a success, the company must go 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 market is decreasing given that 2008, showing a hazard to the company's long term presence, but the scenario can be managed by considering a development plan in the future. The business might consider introducing digital publishingin its existing market to implement its advancement program at instant basis and to prevent the threat of failure for entryway in the brand-new markets.
