Innovation Technology Management Of Apple Iphone Case Study Solution and Analysis
Introduction
Innovation Technology Management Of Apple Iphone Case Study Help is the biggest publishing company with a greatest market share in the China's book retail market. CMP offers a variety of services including; gathering information, processing information and communication services. Major company sections of the company consist of; books, periodicals, consultancy and distribution. The business has a huge item portfolio and its significant items include books, regulars, online media, exhibitions, research reports etc. Innovation Technology Management Of Apple Iphone Case Study Analysis has ended up being a specialized information supplier and a big thorough Science and Technology publishing company through the integration of print media, audio-visual media and the network media.
Important Problems
Although, Innovation Technology Management Of Apple Iphone Case Study Analysis has invested its 60 years journey smoothly, being an effective publishing home, however, the changing macro market patterns and forces bring particular difficulties to the publishing industry in basic and CMP in specific. These aspects consist of;
• Entrance of the brand-new publishing companies in the industry.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Enhancement of science and technology.
The transformation of the macro markets have raised several 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 capabilities of the business could be made use of 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
Innovation Technology Management Of Apple Iphone Case Study Analysis has certain strengths that can be used to minimize the threats, conquer the weakness and get the chances. Strengths of CMP are provided as follows;
• The long term experience of Innovation Technology Management Of Apple Iphone Case Study Help in the publishing industry i.e. 60 years enables the company to provide high quality products at a lower cost utilizing its previous experiences.
• The technical resources and capabilities generated by its successful journey supply a competitive benefit to CMP.
• Large product portfolioof CMP assists it to diversify its risk and supply high worth to its customers.
• Strong monetary position enables the company to think about numerous advancement opportunities without any worry of raising fund externally.
Weaknesses
Along with the strengths, the business has certain weak points which could increase restraints for the company in executing its advancement program. The weaknesses of Innovation Technology Management Of Apple Iphone Case Study Help are offered as follows;
• Despite of being a science and technology publishing firm, the company still has standard ways ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It must propose particular growth strategies to prevent its dependence over the Chinese markets to achieve long term development.
Opportunities
The development of the publishing industry is declining since 2008, impacting Innovation Technology Management Of Apple Iphone Case Study Solution as well, however the growth might be restored by availing certain chances presented in the market. The market chances for CMP consist of;
• The company could also present Digital Publishing by using its long term technical experience and a strong consumer acknowledgment in the market.
• CMP could think about a development program through the expansion towards foreign markets in order to reduce its dependence over Chinese markets by utilizing its large financial resources.
Risks
The altering macro patterns in the market and increasing competition in the publishing industry has posed particular dangers to Innovation Technology Management Of Apple Iphone Case Study Help including;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might result in declining market share of Innovation Technology Management Of Apple Iphone Case Study Solution due to the customer shift towards digital libraries.
• The presence of large number of rivals in the publishing industry increase the risk for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by utilizing particular strategies like aggressive promo, quality products, etc.
• Entryway of brand-new publishing firms in the market together with existence of high competitors increases the danger of losing the customer base.
Financial Analysis.
Due to lack of information, the financial ratios of CMP could not be calculated. It could be analyzed from the Appendix III that the annual overall profits of Innovation Technology Management Of Apple Iphone Case Study Solution during 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 effective in attracting a big number of clients at a prospective rate.
Together with it, the second graph which shows the yearly development in the Innovation Technology Management Of Apple Iphone Case Study Solution total assets, shows that the business is rather efficient in adding value to its possessions through its earnings. The development in assets reveals that the overall value of the firm is likewise increasing with increasing the overall profits. (Unidentified, 2013).
Another monetary analysis of the company using the given data might be the analysis relating to the distribution of overall incomes of the business. Huge part of the revenues of CMP originates from the sales of its published books i.e. 64% as shown in the Case Appendix V. The business could move towards other organisation segments with a potential growth to achieve its future development goal.
PESTEL Analysis
PESTEL analysis could be performed to learn the various external forces impacting the performance of the business and the recent patterns in the external environment of the company. A quick PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial effect on the frame of mind of the people about the communist ideology of the government, therefore, the publishing sector is extremely monitored and guided by the Promotion Department of the Communist Celebration of China. Therefore, it could be stated that the general political forces impacting Innovation Technology Management Of Apple Iphone Case Study Help service are high. The government policies concerning the publishing sector are likewise increasing with the passage of time.
Affordable.
Economic forces impacting the publishing sector in general and the CMP in particular includesthe prices of paper, the income level of customers, the inflation rate, and the total GDP development of the nation. All these forces combine impact the demand for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population growth, the customer's preferences towards reading helpful materials etc. China has the highest population on the planet with a high population growth, showing the increasing variety of customers of the Innovation Technology Management Of Apple Iphone Case Study Analysis. However, the customer preferences are moving towards digital publishing rather than the standard was of publishing. In this regard, CMP ought to concentrate on digital publishing to fulfill the changing customer choices.
Technological.
Technological forces impacting the CMP consist of the technological development in the reading strategies etc. Improvement of science and technology together with the increase of digital publishing could minimize the demand for the CMP items, if certain actions would not be taken quickly.
Environmental.
Ecological forces impacting Innovation Technology Management Of Apple Iphone Case Study Solution consists of the issues of environmental communities over the usage of paper in publishing books. The paper used in the books while publishing is needed to be disposable and the ink utilized while publishing must not be damaging for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. The legal policies relating to the publishing sector is managed by the General Administration of Press and Publication. Publishing Regulation 1997 requires the publishers to be authorized initially by the Government to be entered in the publishing market. The ordinance prohibits direct involvement of foreign entities and people in the publishing sector.
Industry Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Model could be utilized to evaluate the beauty of the publishing industry China. A brief analysis of the Porter's Five Forces is offered as follows;.
Hazard of New Entrants.
Risks of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the industry tends to attract new entrants to the publishing industry. However, the existence of extreme competition and the requirement of big capital tends to demotivate new entrants to enter in the marketplace.
Danger of Alternative.
Danger of Replacement is high for the Chinese Publishing Market. The replacement items for the published documents is the documents presented in the digital libraries on specific websites. The altering customer preferences towards digital learning increase the threat of substitution for the market.
Competitive Rivalry.
Competitive rivalry in the publishing industry is high. The existence of large number of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive rivalry for CMP. Along with it, new entrants are likewise participating in the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant providers of the Innovation Technology Management Of Apple Iphone Case Study Help include the providers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, for that reason the general 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 a great deal of publishers in the Chinese market and the market saturation, the buyers needs high quality files at competitive rates.
Rivals Analysis.
CMP operates in an extremely competitive market with the presence of large number of rivals. The company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major rivals of Innovation Technology Management Of Apple Iphone Case Study Solution consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close rivals of CMP. Established in the exact same period, CIP releases similar type of books. For a big period, CIP held the largest market share, and still ranks second and third in numerous market segments, with a significant concentrate on instructional publications. 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 Innovation Technology Management Of Apple Iphone Case Study Help easily in the current market situation.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was likewise founded in the very same period as CMP and CIP. It ranks 6th in the state-owned publishers in terms of service scale. It is also one of the prominent players in the publishing industry with an annual overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Decreasing reliance over the Chinese markets.
• Increasing number of Customers
• Development chances.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Usage of possible resources in expansion.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present utilizing existing abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio offers high worth to consumers.
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 new one can lead the company to lose demand of its products in the market.
Suggestions
As the preferences are shifting towards digital publishing and the company need an instant option to prevent the declining market growth. The company could likewise consider the expansion program after the success of its digital publishing program.
Application
In order to introduce digital publishing in its item portfolio, the business should first gathers the information related to the consumer demand, the prospective markets, the federal government regulations and the data related to the rivals presented in the market. If the initial offering proves a success, the business needs to go for the other markets. In this method the company would be able to execute its digital publishing program.
Conclusion
The growth of the publishing market is decreasing since 2008, revealing a threat to the company's long term existence, but the circumstance can be managed by thinking about a development strategy in the future. The company could consider 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.
