Health Data Management And Knowledge Discovery 2 Case Study Solution and Analysis
Intro
Health Data Management And Knowledge Discovery 2 Case Study Help is the largest publishing company with a highest market share in the China's book retail market. CMP offers a variety of services including; collecting information, processing details and communication services. Significant company sections of the business consist of; books, regulars, consultancy and circulation. The company has a vast product portfolio and its significant products include books, regulars, online media, exhibitions, research reports etc. Health Data Management And Knowledge Discovery 2 Case Study Help has actually ended up being a specialized details supplier and a big extensive Science and Technology publishing company through the integration of print media, audio-visual media and the network media.
Vital Issues
Although, Health Data Management And Knowledge Discovery 2 Case Study Analysis has actually spent its 60 years journey efficiently, being a successful publishing home, nevertheless, the changing macro market patterns and forces bring particular challenges to the publishing industry in general and CMP in specific. These aspects include;
• Entryway of the new publishing companies in the industry.
• Declining growth of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Improvement of science and technology.
The change of the macro markets have raised a number of 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 abilities of the company could be utilized to pursue the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Health Data Management And Knowledge Discovery 2 Case Study Help has specific strengths that can be made use of to reduce the risks, get rid of the weak point and get the chances. Strengths of CMP are provided as follows;
• The long term experience of Health Data Management And Knowledge Discovery 2 Case Study Help in the publishing market i.e. 60 years allows the business to offer high quality products at a lower cost using its previous experiences.
• The technical resources and capabilities generated by its effective journey provide a competitive advantage to CMP.
• Large item portfolioof CMP helps it to diversify its risk and offer high value to its clients.
• Strong monetary position permits the business to consider a number of development chances without any fear of raising fund externally.
Weak points
Along with the strengths, the business has specific weaknesses which could increase constraints for the business in implementing its development program. The weak points of Health Data Management And Knowledge Discovery 2 Case Study Analysis are offered as follows;
• Despite of being a science and innovation publishing company, the business still has traditional methods ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It should propose specific expansion strategies to avoid its reliance over the Chinese markets to attain long term development.
Opportunities
Although, the growth of the publishing industry is declining because 2008, impacting Health Data Management And Knowledge Discovery 2 Case Study Analysis also, but the development might be revived by availing specific opportunities provided in the market. The marketplace chances for CMP consist of;
• The business could likewise present Digital Publishing by utilizing its long term technical experience and a strong consumer recognition in the market.
• CMP could think about an advancement program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by utilizing its vast funds.
Dangers
The altering macro trends in the market and increasing competitors in the publishing industry has actually presented particular risks to Health Data Management And Knowledge Discovery 2 Case Study Solution consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries might lead to declining market share of Health Data Management And Knowledge Discovery 2 Case Study Solution due to the consumer shift towards virtual libraries.
• The existence of large number of competitors in the publishing market increase the danger for CMP to lose its competitive position in the market, as competitors can gain a strong customer base by utilizing specific strategies like aggressive promo, quality products, etc.
• Entryway of new publishing firms in the market together with presence of high competitors increases the danger of losing the client base.
Financial Analysis.
Due to lack of data, the financial ratios of CMP might not be computed. It could be examined from the Appendix III that the annual total incomes of Health Data Management And Knowledge Discovery 2 Case Study Help during the duration 2000-2012 are growing at a high development rate, showing that the annual need of the products of CMP is growing and the company is rather efficient in bring in a large number of consumers at a potential price.
In addition to it, the second graph which shows the annual development in the Health Data Management And Knowledge Discovery 2 Case Study Help overall assets, shows that the business is rather effective in including worth to its assets through its profits. The growth in assets reveals that the total worth of the company is likewise increasing with increasing the total earnings. (Unknown, 2013).
Another financial analysis of the company utilizing the given information might be the analysis relating to the circulation of overall profits of the company. Major part of the incomes of CMP originates from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The company might move towards other organisation sections with a possible 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 recent patterns in the external environment of the company. A brief PESTEL analysis of the company is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a considerable effect on the state of mind of individuals about the communist ideology of the federal government, therefore, the publishing sector is highly supervised and assisted by the Publicity Department of the Communist Party of China. It could be stated that the total political forces impacting CMP business are high. The federal government policies concerning the publishing sector are also increasing with the passage of time.
Economical.
Economic forces affecting the publishing sector in basic and the Health Data Management And Knowledge Discovery 2 Case Study Solution in specific includesthe costs of paper, the income level of consumers, the inflation rate, and the general 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 impact the general business at CPM. China's economic conditions are rather beneficial for CMP with high GDP growth and customer earnings level.
Social and Demographical.
Social and demographical forces include the population development, the customer's preferences towards checking out informative products etc. China has the greatest population worldwide with a high population development, revealing the increasing number of customers of the Health Data Management And Knowledge Discovery 2 Case Study Help. The consumer preferences are moving towards digital publishing rather than the standard was of publishing. In this regard, CMP must concentrate on digital publishing to fulfill the altering customer preferences.
Technological.
Technological forces affecting the CMP include the technological improvement in the reading methods etc. Improvement of science and technology together with the rise of digital publishing might decrease the need for the CMP items, if certain actions would not be taken soon.
Environmental.
Ecological forces affecting Health Data Management And Knowledge Discovery 2 Case Study Help includes the issues of ecological neighborhoods over the use of paper in publishing books. The paper utilized in the books while publishing is needed to be disposable and the ink used while publishing should not be damaging for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Regulation 1997 requires the publishers to be authorized initially by the Government to be entered in the publishing market.
Industry Analysis (Porter's Five Forces Model).
Porter's 5 Forces Model might be utilized to examine the attractiveness of the publishing market China. A brief analysis of the Porter's Five Forces is offered as follows;.
Threat of New Entrants.
Dangers of brand-new entrants in the Chinese Publishing Market is moderate. The prospective growth in the market tends to attract new entrants to the publishing industry. Nevertheless, the existence of intense competitors and the requirement of substantial capital tends to demotivate brand-new entrants to go into in the marketplace.
Risk of Substitution.
Threat of Substitution is high for the Chinese Publishing Market. The replacement items for the published documents is the files presented in the digital libraries on certain sites. The altering customer choices towards digital knowing increase the danger of substitution for the market.
Competitive Competition.
Competitive competition in the publishing market is high. The presence of a great deal of customers in the Chinese Publishing Industry like CIP, PTP and so on tends to produce high competitive rivalry for CMP. Along with it, new entrants are likewise entering into the market increasing the competitors for CMP.
Bargaining Power of Supplier.
The major suppliers of the Health Data Management And Knowledge Discovery 2 Case Study Solution include the suppliers of the paper for releasing documents. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the total bargaining power of supplier for CMP is low.
Bargaining Power of Buyer.
Bargaining power of buyer in the publishing industry 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 files at competitive prices.
Competitors Analysis.
CMP runs in a highly competitive industry with the existence of a great deal of rivals. Nevertheless, the business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant rivals of Health Data Management And Knowledge Discovery 2 Case Study Analysis consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis among the close competitors of CMP. Founded in the exact same period, CIP releases similar kind of books. For a large period, CIP held the largest market share, and still ranks 3rd and 2nd in numerous market sections, with a major focus on educational publications. CIP acts as a hazard for CMP as it might wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and could wean the market share of Health Data Management And Knowledge Discovery 2 Case Study Analysis quickly in the existing market scenario.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was also established in the exact same duration as CMP and CIP. It ranks sixth in the state-owned publishers in regards to business scale. It is also among the prominent gamers in the publishing market with an annual overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing dependence over the Chinese markets.
• Increasing number of Customers
• Development opportunities.
• Preventing the impact of market saturation in the Chinese publishing market.
Cons
• Use of potential resources in growth.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to present utilizing current capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio supplies high value to customers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation segments to the brand-new one can lead the company to lose demand of its products in the market.
Suggestions
As the preferences are moving towards digital publishing and the business need an immediate service to prevent the declining market growth. The business could also consider the growth program after the success of its digital publishing program.
Application
In order to present digital publishing in its item portfolio, the company ought to initially gathers the information related to the customer need, the potential markets, the government regulations and the data related to the competitors presented in the market. If the initial offering shows a success, the business ought to go for the other markets. In this way the business would be able to execute its digital publishing program.
Conclusion
The development of the publishing industry is decreasing given that 2008, showing a danger to the business's long term existence, however the situation can be managed by considering an advancement plan in the future. The company could think about presenting digital publishingin its existing market to execute its development program at immediate basis and to avoid the risk of failure for entrance in the brand-new markets.
