Health Data Management And Knowledge Discovery Case Study Solution and Analysis
Introduction
Health Data Management And Knowledge Discovery 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 consisting of; gathering details, processing info and interaction services. Significant company segments of the company include; books, periodicals, consultancy and circulation. The business has a large item portfolio and its major products consist of books, regulars, online media, exhibits, research reports etc. Health Data Management And Knowledge Discovery Case Study Solution has actually become a specialized info company and a big extensive Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Vital Concerns
Although, Health Data Management And Knowledge Discovery Case Study Help has invested its 60 years journey efficiently, being a successful publishing house, however, the altering macro market trends and forces bring specific obstacles to the publishing industry in general and CMP in particular. These factors consist of;
• Entryway of the brand-new publishing firms in the market.
• Declining development of the publishing market.
• Market saturation.
• Introduction 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 circumstance? Do the long valuable experience, technical resources and the capabilities of the business could be made use of 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
Health Data Management And Knowledge Discovery Case Study Help has specific strengths that can be utilized to reduce the dangers, get rid of the weakness and avail the chances. Strengths of CMP are provided as follows;
• The long term experience of Health Data Management And Knowledge Discovery Case Study Analysis in the publishing industry i.e. 60 years allows the company to provide high quality products at a lower cost using its prior experiences.
• The technical resources and capabilities generated by its effective journey provide a competitive benefit to CMP.
• Large item portfolioof CMP assists it to diversify its danger and offer high worth to its customers.
• Strong monetary position allows the business to think about several development opportunities without any fear of raising fund externally.
Weak points
Together with the strengths, the business has specific weaknesses which might increase restraints for the company in executing its advancement program. The weaknesses of Health Data Management And Knowledge Discovery Case Study Help are offered as follows;
• Despite of being a science and innovation publishing company, the company still has conventional ways ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It should propose specific growth plans to prevent its reliance over the Chinese markets to accomplish long term development.
Opportunities
The growth of the publishing market is declining given that 2008, impacting Health Data Management And Knowledge Discovery Case Study Solution as well, but the development could be revived by availing certain chances presented in the market. The marketplace opportunities for CMP consist of;
• The company could also present Digital Publishing by using its long term technical experience and a strong customer acknowledgment in the market.
• CMP might consider a development program through the growth towards foreign markets in order to decrease its dependence over Chinese markets by using its huge funds.
Hazards
The changing macro trends in the market and increasing competitors in the publishing industry has actually presented certain risks to Health Data Management And Knowledge Discovery Case Study Analysis including;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries might cause decreasing market share of Health Data Management And Knowledge Discovery Case Study Help due to the consumer shift towards virtual libraries.
• The existence of a great deal of rivals in the publishing market increase the risk for CMP to lose its competitive position in the market, as rivals can gain a strong consumer base by using particular methods like aggressive promo, quality products, and so on
• Entrance of new publishing companies in the industry in addition to presence of high competition increases the risk of losing the consumer base.
Monetary Analysis.
Due to absence of information, the financial ratios of CMP might not be computed. It could be evaluated from the Appendix III that the yearly overall incomes of Health Data Management And Knowledge Discovery Case Study Solution during the period 2000-2012 are growing at a high development rate, revealing that the annual demand of the products of CMP is growing and the business is rather efficient in drawing in a big number of clients at a prospective price.
Along with it, the 2nd graph which shows the annual growth in the Health Data Management And Knowledge Discovery Case Study Analysis total assets, shows that the business is quite efficient in adding value to its assets through its incomes. The development in properties reveals that the total value of the firm is also increasing with increasing the overall revenues. (Unknown, 2013).
Another monetary analysis of the business using the given data might be the analysis regarding the distribution of overall revenues of the company. Major part of the incomes of CMP comes from the sales of its published books i.e. 64% as shown in the Case Appendix V. The business might move towards other organisation sections with a potential growth to accomplish its future development goal.
PESTEL Analysis
PESTEL analysis could be carried out to learn the different external forces affecting the efficiency of the business and the current trends in the external environment of the business. A brief PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial effect on the state of mind of individuals about the communist ideology of the government, for that reason, the publishing sector is extremely monitored and guided by the Publicity Department of the Communist Celebration of China. For that reason, it might be stated that the general political forces impacting Health Data Management And Knowledge Discovery Case Study Help organisation are high. The federal government policies concerning the publishing sector are likewise increasing with the passage of time.
Cost-effective.
Financial forces impacting the publishing sector in basic and the Health Data Management And Knowledge Discovery Case Study Solution in specific includesthe rates of paper, the earnings level of consumers, the inflation rate, and the overall GDP development of the nation. All these forces integrate effect the need for the publishing market. Along with it, the economic policies associated with the import of books impact the general service at CPM. Nevertheless, China's financial conditions are quite beneficial for CMP with high GDP growth and consumer income level.
Social and Demographical.
The customer choices are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP must focus on digital publishing to meet the altering consumer preferences.
Technological.
Technological forces impacting the CMP consist of the technological advancement in the reading strategies etc. Enhancement of science and technology along with the increase of digital publishing might decrease the need for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces impacting Health Data Management And Knowledge Discovery Case Study Help includes the issues of ecological neighborhoods 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 used while publishing must not be damaging for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Ordinance 1997 needs the publishers to be authorized initially by the Federal government to be gone into in the publishing market.
Market Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Model might be used to examine the attractiveness of the publishing market China. A quick analysis of the Porter's 5 Forces is provided as follows;.
Danger of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Industry is moderate. The potential development in the market tends to attract new entrants to the publishing market. The presence of extreme competitors and the requirement of big capital tends to demotivate new entrants to enter in the market.
Hazard of Substitution.
Risk of Alternative is high for the Chinese Publishing Industry. The replacement items for the released documents is the files provided in the virtual libraries on particular sites. The altering customer preferences towards digital learning increase the danger of substitution for the industry.
Competitive Competition.
Competitive rivalry in the publishing market 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. Together with it, brand-new entrants are also participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant providers of the Health Data Management And Knowledge Discovery Case Study Help include the providers of the paper for publishing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the general bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Bargaining power of purchaser in the publishing industry is high. Due to the presence of a a great deal of publishers in the Chinese market and the marketplace saturation, the purchasers requires high quality documents at competitive costs.
Rivals Analysis.
CMP operates in an extremely competitive industry with the existence of a great deal of competitors. However, the company 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 Case Study Solution include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close competitors of CMP. Established in the exact same period, CIP releases similar type of books. For a large time period, CIP held the largest market share, and still ranks 2nd and 3rd in various market sections, with a significant focus on academic publications. CIP serves as a hazard 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 marketplace share of Health Data Management And Knowledge Discovery Case Study Help quickly in the present market situation.
Posts and telecommunication Press (PTP).
It was likewise founded in the very same period as Health Data Management And Knowledge Discovery Case Study Solution and CIP. It is also one of the popular gamers in the publishing industry with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing dependence over the Chinese markets.
• Increasing variety of Clients
• Development opportunities.
• Preventing the impact of market saturation in the Chinese publishing market.
Cons
• Use of prospective resources in expansion.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to present utilizing present abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio offers high value to consumers.
Cons
• Competitors 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 business to lose need of its products in the market.
Suggestions
As the choices are shifting towards digital publishing and the company need an immediate solution to avoid the decreasing market development. The business might also think about the growth program after the success of its digital publishing program.
Implementation
In order to present digital publishing in its product portfolio, the company ought to initially gathers the information related to the customer demand, the possible markets, the government regulations and the data related to the competitors presented in the market. If the initial offering proves a success, the business must go for the other markets. In this method the company would be able to implement its digital publishing program.
Conclusion
The growth of the publishing market is declining considering that 2008, showing a risk to the company's long term presence, however the situation can be managed by thinking about an advancement plan in the future. The business could think about introducing digital publishingin its existing market to execute its advancement program at instant basis and to avoid the danger of failure for entrance in the new markets.
