Leadership Is Not What You Think Socratic Dialogue Case Study Solution and Analysis
Introduction
Leadership Is Not What You Think Socratic Dialogue Case Study Analysis is the largest publishing business with a greatest market share in the China's book retail market. CMP has ended up being a specialized information company and a big extensive Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Critical Problems
Although, Leadership Is Not What You Think Socratic Dialogue Case Study Solution has invested its 60 years journey smoothly, being an effective publishing home, nevertheless, the changing macro market patterns and forces bring specific challenges to the publishing industry in basic and CMP in particular. These aspects consist of;
• Entrance of the brand-new publishing companies in the market.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• Enhancement 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 valuable experience, technical resources and the abilities of the company could be utilized to strive for the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Leadership Is Not What You Think Socratic Dialogue Case Study Help has particular strengths that can be used to lower the threats, conquer the weak point and obtain the opportunities. Strengths of CMP are offered as follows;
• The long term experience of Leadership Is Not What You Think Socratic Dialogue Case Study Analysis in the publishing market i.e. 60 years enables the company to supply high quality products at a lower cost using its previous experiences.
• The technical resources and capabilities generated by its effective journey offer a competitive advantage to CMP.
• Vast product portfolioof CMP assists it to diversify its risk and supply high value to its clients.
• Strong financial position allows the business to consider several advancement chances with no fear of raising fund externally.
Weaknesses
Together with the strengths, the company has certain weak points which could increase constraints for the company in implementing its advancement program. The weaknesses of Leadership Is Not What You Think Socratic Dialogue Case Study Help are offered as follows;
• Despite of being a science and technology publishing company, the business still has standard methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It ought to propose certain growth plans to prevent its reliance over the Chinese markets to achieve long term growth.
Opportunities
The development of the publishing market is decreasing since 2008, affecting Leadership Is Not What You Think Socratic Dialogue Case Study Help as well, but the growth might be revived by availing specific chances presented in the market. The marketplace chances for CMP consist of;
• The business could likewise introduce Digital Publishing by utilizing its long term technical experience and a strong customer acknowledgment in the market.
• CMP might think about a development program through the expansion towards foreign markets in order to decrease its dependence over Chinese markets by using its vast financial resources.
Threats
The changing macro trends in the market and increasing competitors in the publishing market has postured specific hazards to Leadership Is Not What You Think Socratic Dialogue Case Study Help including;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries could lead to decreasing market share of Leadership Is Not What You Think Socratic Dialogue Case Study Help due to the consumer shift towards digital libraries.
• The presence of large number of competitors in the publishing market increase the danger for CMP to lose its competitive position in the market, as rivals can gain a strong consumer base by utilizing particular techniques like aggressive promo, quality items, and so on
• Entryway of brand-new publishing firms in the market together with presence of high competition increases the danger of losing the consumer base.
Financial Analysis.
The business has a rather competitive monetary performance. Due to lack of data, the financial ratios of CMP could not be computed. The overall financial efficiency of the company could be analyzed by utilizing the charts offered in the case Appendices. It could be evaluated from the Appendix III that the annual overall incomes of CMP throughout the duration 2000-2012 are growing at a high development rate, showing that the annual demand of the items of Leadership Is Not What You Think Socratic Dialogue Case Study Analysis is growing and the company is rather effective in bring in a large number of clients at a possible rate.
Together with it, the 2nd graph which reveals the yearly growth in the Leadership Is Not What You Think Socratic Dialogue Case Study Analysis total possessions, shows that the company is quite efficient in adding worth to its properties through its earnings. The development in properties shows that the overall value of the company is likewise increasing with increasing the overall revenues. (Unidentified, 2013).
Another financial analysis of the business using the given data could be the analysis regarding the distribution of total revenues of the business. Major part of the incomes of CMP comes from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The business could move towards other company sectors with a prospective growth to attain its future development goal.
PESTEL Analysis
PESTEL analysis might be conducted to discover the different external forces affecting the efficiency of the company and the recent trends in the external environment of the company. A brief PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial impact on the mindset of individuals about the communist ideology of the federal government, for that reason, the publishing sector is extremely monitored and assisted by the Promotion Department of the Communist Party of China. It might be said that the total political forces affecting CMP business 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 Leadership Is Not What You Think Socratic Dialogue Case Study Solution in specific includesthe prices of paper, the income level of customers, the inflation rate, and the general GDP development of the country. All these forces integrate effect the need for the publishing market. Together with it, the economic policies related to the import of books impact the general organisation at CPM. Nevertheless, China's financial conditions are quite beneficial for CMP with high GDP growth and customer income level.
Social and Demographical.
The consumer preferences are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP ought to focus on digital publishing to satisfy the altering consumer preferences.
Technological.
Technological forces impacting the CMP consist of the technological advancement in the reading techniques and so on. Enhancement of science and technology together with the increase of digital publishing might minimize the demand for the CMP products, if specific actions would not be taken quickly.
Environmental.
Environmental forces impacting Leadership Is Not What You Think Socratic Dialogue Case Study Analysis includes the concerns of environmental neighborhoods over the usage of paper in publishing books. The paper utilized in the books while publishing is required to be non reusable and the ink utilized while publishing needs to not be harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. Publishing Ordinance 1997 requires the publishers to be authorized first by the Government to be gone into in the publishing market.
Market Analysis (Porter's Five Forces Design).
Porter's Five Forces Model could be used to evaluate the beauty of the publishing market China. A quick analysis of the Porter's 5 Forces is provided as follows;.
Threat of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Market is moderate. The potential development in the industry tends to attract brand-new entrants to the publishing market. The existence of extreme competition and the requirement of big capital tends to demotivate brand-new entrants to go into in the market.
Danger of Alternative.
Risk of Replacement is high for the Chinese Publishing Market. The alternative products for the released files is the files presented in the digital libraries on particular websites. The changing consumer choices towards digital learning increase the danger of alternative for the industry.
Competitive Rivalry.
Competitive rivalry in the publishing market is high. The existence of large number of consumers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive competition for CMP. Along with it, brand-new entrants are also entering into the market increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant suppliers of the Leadership Is Not What You Think Socratic Dialogue Case Study Analysis include the suppliers of the paper for publishing documents. 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.
Bargaining power of purchaser in the publishing industry is high. Due to the presence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers requires high quality documents at competitive costs.
Competitors Analysis.
CMP runs in an extremely competitive industry with the existence of a great deal of competitors. The business has a competitive position in the market with the highest market share in the Chinese publishing market. Significant competitors of Leadership Is Not What You Think Socratic Dialogue Case Study Help include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close competitors of CMP. Established in the same duration, CIP releases comparable type of books. For a large time period, CIP held the largest market share, and still ranks 3rd and 2nd in different market segments, with a significant concentrate on instructional publications. CIP functions as a threat for CMP as it could wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and might wean the market share of Leadership Is Not What You Think Socratic Dialogue Case Study Analysis quickly in the existing market circumstance.
Posts and telecommunication Press (PTP).
It was also founded in the exact same period as Leadership Is Not What You Think Socratic Dialogue Case Study Analysis and CIP. It is likewise one of the prominent players in the publishing market with an annual overall revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Decreasing reliance over the Chinese markets.
• Increasing number of Consumers
• Development chances.
• Avoiding the effect of market saturation in the Chinese publishing market.
Cons
• Use of potential resources in growth.
• Danger 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 risk of Failure.
• Low requirement for funds.
• Increased product portfolio provides 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 segments to the brand-new one can lead the company to lose demand of its products in the market.
Recommendations
With the deep analysis of the external and internal environment of the company together with the industry analysis and the rival analysis, Alternative 2 is suggested to CMP to accomplish its future advancement. As the choices are moving towards digital publishing and the business need an instant service to avoid the decreasing industry growth. Introduction of digital publishing might show to be an instant service with low quantity of threat for the business. The company could likewise consider the expansion program after the success of its digital publishing program.
Application
In order to present digital publishing in its product portfolio, the company must first gathers the information related to the consumer need, the possible markets, the federal government guidelines and the data related to the competitors provided in the market. If the preliminary offering proves a success, the business must go for the other markets. In this method the business would be able to execute its digital publishing program.
Conclusion
Although, the growth of the publishing market is decreasing since 2008, showing a hazard to the company's long term presence, but the circumstance can be managed by considering an advancement plan in the future. The business might think about introducing digital publishingin its existing market to execute its advancement program at immediate basis and to prevent the threat of failure for entryway in the brand-new markets.
