Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Solution and Analysis
Intro
Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Help is the largest publishing business with a greatest market share in the China's book retail market. CMP has actually become a specialized details supplier and a big comprehensive Science and Innovation publishing business through the combination of print media, audio-visual media and the network media.
Crucial Problems
Although, Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Help has actually invested its 60 years journey smoothly, being an effective publishing home, however, the altering macro market trends and forces bring specific obstacles to the publishing market in general and CMP in particular. These elements include;
• Entryway of the new publishing companies in the industry.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Enhancement of science and innovation.
The change of the macro markets have raised a number of questions 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 development unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Analysis has certain strengths that can be made use of to lower the threats, get rid of the weakness and obtain the chances. Strengths of CMP are provided as follows;
• The long term experience of Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Solution in the publishing industry i.e. 60 years allows the company to offer high quality products at a lower cost using its previous experiences.
• The technical resources and capabilities created by its successful journey supply a competitive advantage to CMP.
• Vast product portfolioof CMP helps it to diversify its risk and offer high value to its consumers.
• Strong monetary position allows the company to think about several advancement opportunities without any fear of raising fund externally.
Weaknesses
In addition to the strengths, the company has certain weak points which might increase restrictions for the company in implementing its advancement program. The weaknesses of Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Help are given as follows;
• Despite of being a science and technology publishing firm, the business 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 specific expansion strategies to avoid its dependence over the Chinese markets to achieve long term growth.
Opportunities
The development of the publishing industry is declining given that 2008, affecting Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Help as well, but the growth might be revived by availing certain opportunities presented in the market. The marketplace chances for CMP include;
• The business could also present Digital Publishing by using its long term technical experience and a strong client acknowledgment in the market.
• CMP might consider an advancement program through the growth towards foreign markets in order to lower 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 postured specific hazards to Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Solution including;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might cause declining market share of Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Help due to the consumer shift towards digital libraries.
• The presence of large number of rivals in the publishing market increase the danger for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by utilizing specific strategies like aggressive promo, quality items, and so on
• Entryway of brand-new publishing firms in the industry along with existence of high competition increases the risk of losing the client base.
Monetary Analysis.
The company has a quite competitive monetary performance. Due to absence of information, the monetary ratios of CMP could not be calculated. The total financial efficiency of the company might be evaluated by utilizing the graphs offered in the case Appendices. It could be evaluated from the Appendix III that the annual overall profits of CMP during the period 2000-2012 are growing at a high development rate, showing that the annual need of the products of Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Analysis is growing and the business is rather efficient in drawing in a a great deal of consumers at a prospective cost.
Along with it, the second graph which reveals the annual development in the Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Help overall assets, reveals that the company is rather effective in adding value to its possessions through its incomes. The growth in possessions shows that the total value of the company is also increasing with increasing the overall incomes. (Unidentified, 2013).
Another financial analysis of the business using the provided data might be the analysis relating to the distribution of overall revenues of the business. Huge part of the earnings of CMP originates from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company might move towards other organisation segments with a possible growth to accomplish its future development objective.
PESTEL Analysis
PESTEL analysis might be conducted to learn the numerous external forces impacting the performance of the business and the current patterns in the external environment of the company. A quick PESTEL analysis of the company is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a considerable influence on the mindset of individuals about the communist ideology of the federal government, for that reason, the publishing sector is extremely supervised and guided by the Promotion Department of the Communist Party of China. For that reason, it might be stated that the overall political forces affecting Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Solution service are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.
Cost-effective.
Economic forces impacting the publishing sector in basic and the Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Solution in specific includesthe rates of paper, the earnings level of customers, the inflation rate, and the general GDP growth of the nation. All these forces combine impact the demand for the publishing market. Along with it, the economic policies related to the import of books affect the total company at CPM. China's economic conditions are rather favorable for CMP with high GDP growth and customer income level.
Social and Demographical.
The consumer preferences are moving towards digital publishing rather than the traditional was of publishing. In this regard, CMP ought to focus on digital publishing to fulfill the changing customer preferences.
Technological.
Technological forces impacting the CMP consist of the technological development in the reading methods etc. Improvement of science and innovation along with the rise of digital publishing could lower the demand for the CMP products, if specific actions would not be taken quickly.
Environmental.
Environmental forces impacting Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Solution includes the concerns of ecological communities over the use of paper in publishing books. The paper utilized in the books while publishing is required 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 concerning the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 needs the publishers to be approved first by the Federal government to be gone into in the publishing market. The ordinance forbids direct involvement of foreign entities and individuals in the publishing sector.
Industry Analysis (Porter's 5 Forces Design).
Porter's Five Forces Model could be used to analyze the appearance of the publishing industry China. A brief analysis of the Porter's 5 Forces is provided as follows;.
Hazard of New Entrants.
Risks of brand-new entrants in the Chinese Publishing Industry is moderate. The possible development in the industry tends to attract new entrants to the publishing industry. The existence of intense competition and the requirement of huge capital tends to demotivate brand-new entrants to enter in the market.
Risk of Replacement.
Danger of Alternative is high for the Chinese Publishing Industry. The substitute items for the released documents is the documents presented in the virtual libraries on particular websites. The altering consumer preferences towards digital learning increase the risk of substitution for the industry.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The existence of large number of customers in the Chinese Publishing Industry like CIP, PTP and so on tends to produce high competitive rivalry for CMP. Along with it, brand-new entrants are likewise participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant suppliers of the Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Help include the providers of the paper for publishing files. As CMP is the largest publisher in the Chinese Publishing Market, for that reason the total bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of buyer in the publishing industry is high. Due to the presence of a large number of publishers in the Chinese market and the market saturation, the buyers needs high quality files at competitive rates.
Rivals Analysis.
CMP runs in an extremely competitive market with the existence of large number of rivals. However, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Analysis consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry 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 might wean the market share of CMP easily in the current market situation.
Posts and telecommunication Press (PTP).
It was likewise founded in the same duration as Job Offer Negotiation Exercise A Maximum Motivation Candidate Instructions Case Study Solution and CIP. It is likewise one of the popular players in the publishing industry with an annual overall earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing number of Customers
• Growth chances.
• Preventing the impact of market saturation in the Chinese publishing market.
Cons
• Use of potential 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 utilizing present abilities.
• Low risk 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 organisation sectors to the new one can lead the business to lose demand of its products in the market.
Suggestions
As the preferences are moving towards digital publishing and the business need an instant solution to prevent the decreasing market growth. The company could likewise think about the expansion program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its item portfolio, the company ought to first gathers the information related to the consumer demand, the potential markets, the federal government regulations and the information related to the rivals provided 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
Although, the development of the publishing market is decreasing because 2008, showing a hazard to the company's long term existence, however the circumstance can be managed by considering an advancement plan in the future. The company might consider presenting digital publishingin its existing market to execute its advancement program at immediate basis and to prevent the risk of failure for entryway in the new markets.
