Growing Managers Moving From Team Member To Team Leader Case Study Solution and Analysis
Introduction
Growing Managers Moving From Team Member To Team Leader Case Study Analysis is the largest publishing business with a highest market share in the China's book retail market. CMP provides a number of services consisting of; collecting details, processing information and communication services. Major service sections of the company consist of; books, periodicals, consultancy and circulation. The business has a huge product portfolio and its major products consist of books, regulars, online media, exhibits, research reports and so on. Growing Managers Moving From Team Member To Team Leader Case Study Solution has become a specialized details supplier and a big extensive Science and Innovation publishing company through the combination of print media, audio-visual media and the network media.
Vital Problems
CMP has actually spent its 60 years journey smoothly, being an effective publishing house, however, the changing macro market trends and forces bring certain difficulties to the publishing industry in general and Growing Managers Moving From Team Member To Team Leader Case Study Help in specific. These elements include;
• Entrance of the new publishing firms in the market.
• Declining growth of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• 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 important experience, technical resources and the abilities of the business could be utilized to pursue the future development unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Growing Managers Moving From Team Member To Team Leader Case Study Solution has certain strengths that can be utilized to reduce the hazards, get rid of the weak point and get the chances. Strengths of CMP are provided as follows;
• The long term experience of Growing Managers Moving From Team Member To Team Leader Case Study Solution in the publishing industry i.e. 60 years allows the business to offer high quality products at a lower cost utilizing its prior experiences.
• The technical resources and abilities generated by its effective journey provide a competitive benefit to CMP.
• Vast item portfolioof CMP assists it to diversify its danger and offer high worth to its customers.
• Strong monetary position permits the company to think about several advancement opportunities without any fear of raising fund externally.
Weak points
Along with the strengths, the company has certain weaknesses which could increase restraints for the business in implementing its advancement program. The weak points of Growing Managers Moving From Team Member To Team Leader Case Study Analysis are provided as follows;
• Despite of being a science and innovation publishing company, the business still has traditional ways 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 reliance over the Chinese markets to accomplish long term growth.
Opportunities
Although, the growth of the publishing industry is decreasing given that 2008, impacting Growing Managers Moving From Team Member To Team Leader Case Study Solution also, but the development might be restored by availing particular chances presented in the market. The marketplace chances for CMP consist of;
• The company could also present Digital Publishing by using its long term technical experience and a strong customer recognition in the market.
• CMP could consider a development program through the growth towards foreign markets in order to reduce its reliance over Chinese markets by utilizing its vast funds.
Threats
The changing macro trends in the market and increasing competitors in the publishing industry has posed certain risks to Growing Managers Moving From Team Member To Team Leader Case Study Help including;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might result in decreasing market share of Growing Managers Moving From Team Member To Team Leader Case Study Solution due to the customer shift towards digital libraries.
• The presence of large number of competitors in the publishing industry increase the hazard for CMP to lose its competitive position in the market, as rivals can gain a strong customer base by utilizing certain methods like aggressive promotion, quality items, etc.
• Entrance of brand-new publishing companies in the market together with existence of high competitors increases the risk of losing the customer base.
Monetary Analysis.
The company has a quite competitive monetary efficiency. Due to absence of information, the monetary ratios of CMP could not be determined. The overall financial performance of the business might be analyzed by utilizing the charts provided in the case Appendices. It might be examined from the Appendix III that the annual overall incomes of CMP throughout the duration 2000-2012 are growing at a high development rate, revealing that the yearly demand of the items of Growing Managers Moving From Team Member To Team Leader Case Study Help is growing and the company is rather effective in bring in a large number of clients at a possible price.
In addition to it, the 2nd chart which shows the yearly growth in the Growing Managers Moving From Team Member To Team Leader Case Study Solution total possessions, shows that the business is quite efficient in adding value to its properties through its earnings. The growth in possessions shows that the total value of the company is likewise increasing with increasing the overall revenues. (Unknown, 2013).
Another financial analysis of the business using the offered information might be the analysis concerning the distribution of overall revenues of the company. Major part of the incomes of CMP originates from the sales of its released books i.e. 64% as shown in the Case Appendix V. The company could move towards other service sectors with a prospective growth to accomplish its future advancement objective.
PESTEL Analysis
PESTEL analysis might be conducted to find out the various external forces affecting the efficiency of the business and the current patterns in the external environment of the company. A short PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant influence on the frame of mind of individuals about the communist ideology of the federal government, therefore, the publishing sector is highly monitored and assisted by the Promotion Department of the Communist Celebration of China. It could be stated that the overall political forces affecting CMP business are high. The government policies regarding the publishing sector are likewise increasing with the passage of time.
Affordable.
Financial forces affecting the publishing sector in general and the Growing Managers Moving From Team Member To Team Leader Case Study Help in specific includesthe prices of paper, the income level of customers, the inflation rate, and the overall GDP growth of the country. All these forces integrate impact the need for the publishing market. In addition to it, the financial policies connected to the import of books affect the overall service at CPM. However, China's financial conditions are rather favorable for CMP with high GDP growth and customer earnings level.
Social and Demographical.
The customer choices are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP must focus on digital publishing to meet the changing customer preferences.
Technological.
Technological forces affecting the CMP include the technological development in the reading methods and so on. Improvement of science and innovation along with the rise of digital publishing might reduce the need for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces impacting Growing Managers Moving From Team Member To Team Leader Case Study Help consists of the concerns of environmental communities over the usage 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 harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal regulations relating to the publishing sector is controlled by the General Administration of Press and Publication. Publishing Ordinance 1997 requires the publishers to be approved initially by the Government to be gone into in the publishing market. The regulation prohibits direct participation of foreign entities and individuals in the publishing sector.
Industry Analysis (Porter's 5 Forces Model).
Porter's 5 Forces Design might be used to analyze the beauty of the publishing market China. A brief analysis of the Porter's Five 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. However, the presence of extreme competition and the requirement of substantial capital tends to demotivate new entrants to enter in the marketplace.
Risk of Substitution.
Danger of Replacement is high for the Chinese Publishing Market. The replacement items for the published documents is the documents presented in the virtual libraries on particular sites. The altering consumer choices towards digital learning increase the hazard of alternative for the industry.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The existence of large number of consumers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Together with it, brand-new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The major suppliers of the Growing Managers Moving From Team Member To Team Leader Case Study Analysis consist of the providers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the total bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of purchaser in the publishing market is high. Due to the existence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality documents at competitive rates.
Competitors Analysis.
CMP operates in an extremely competitive market with the presence of large number of competitors. However, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of Growing Managers Moving From Team Member To Team Leader Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close competitors of CMP. Established in the same duration, CIP releases comparable type of books. For a big period, CIP held the biggest market share, and still ranks 2nd and 3rd in various market segments, with a major concentrate on educational publications. CIP acts as a hazard 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 market share of Growing Managers Moving From Team Member To Team Leader Case Study Analysis easily in the present market situation.
Posts and telecommunication Press (PTP).
It was likewise founded in the same period as Growing Managers Moving From Team Member To Team Leader Case Study Help and CIP. It is likewise one of the prominent players in the publishing market with a yearly overall profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Lowering dependence over the Chinese markets.
• Increasing number of Customers
• Growth chances.
• Avoiding the effect of market saturation in the Chinese publishing market.
Cons
• Use of possible resources in growth.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to present using current abilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high value to clients.
Cons
• Competitors in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core company sectors to the brand-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 industry analysis and the competitor analysis, Alternative 2 is suggested to CMP to attain its future advancement. As the preferences are moving towards digital publishing and the business need an immediate solution to avoid the decreasing industry development. Therefore, introduction of digital publishing might show to be an immediate service with low amount of danger for the business. Nevertheless, the company might likewise think about the expansion program after the success of its digital publishing program.
Implementation
In order to present digital publishing in its product portfolio, the business should first gathers the data connected to the consumer demand, the prospective markets, the government guidelines and the information associated with the rivals presented in the market. After that, the company must decide one potential sector for its initial offering. It needs to gather research study that how it might differentiate its digital publishing from the existing rivals' products. The actions above the company must go for the initial offering. If the initial offering shows a success, the business ought to go for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
The growth of the publishing market is decreasing since 2008, showing a threat to the business's long term existence, however the scenario can be managed by considering an advancement strategy in the future. The company might think about introducing digital publishingin its existing market to execute its advancement program at immediate basis and to avoid the risk of failure for entryway in the new markets.
