Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Solution and Analysis
Intro
Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis is the largest publishing business with a greatest market share in the China's book retail market. CMP supplies a variety of services including; gathering information, processing information and communication services. Significant business segments of the company consist of; books, periodicals, consultancy and circulation. The company has a huge product portfolio and its significant items include books, regulars, online media, exhibitions, research reports and so on. Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis has actually become a specialized information service provider and a big detailed Science and Technology publishing company through the integration of print media, audio-visual media and the network media.
Critical Issues
Although, Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis has invested its 60 years journey smoothly, being an effective publishing home, nevertheless, the altering macro market trends and forces bring particular obstacles to the publishing industry in basic and CMP in particular. These factors include;
• Entryway of the brand-new publishing firms in the market.
• Declining growth of the publishing market.
• Market saturation.
• Intro of digital publishing methods
• Improvement of science and technology.
The improvement 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 valuable experience, technical resources and the abilities of the business could be made use of to pursue the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis has certain strengths that can be used to lower the risks, overcome the weakness and obtain the chances. Strengths of CMP are given as follows;
• The long term experience of Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis in the publishing market i.e. 60 years permits the company to offer high quality items at a lower cost using its previous experiences.
• The technical resources and capabilities generated by its successful journey supply a competitive benefit to CMP.
• Vast item portfolioof CMP assists it to diversify its danger and offer high value to its clients.
• Strong monetary position allows the business to think about numerous development opportunities with no worry of raising fund externally.
Weak points
In addition to the strengths, the business has certain weaknesses which might increase constraints for the business in executing its advancement program. The weaknesses of Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis are offered as follows;
• Despite of being a science and technology publishing company, the business still has standard ways ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It needs to propose certain growth strategies to prevent its dependence over the Chinese markets to achieve long term growth.
Opportunities
Although, the development of the publishing industry is decreasing given that 2008, affecting Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Help also, however the development might be restored by availing certain opportunities presented in the market. The marketplace chances for CMP consist of;
• The business might likewise introduce Digital Publishing by using its long term technical experience and a strong consumer acknowledgment in the market.
• CMP could consider an advancement program through the expansion towards foreign markets in order to decrease its reliance over Chinese markets by using its huge funds.
Risks
The altering macro patterns in the market and increasing competition in the publishing industry has actually positioned certain dangers to Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries could cause decreasing market share of Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Help due to the consumer shift towards virtual libraries.
• The presence of large number of rivals in the publishing market increase the risk for CMP to lose its competitive position in the market, as competitors can gain a strong customer base by using specific techniques like aggressive promotion, quality products, and so on
• Entrance of brand-new publishing companies in the market together with presence of high competitors increases the hazard of losing the consumer base.
Monetary Analysis.
Due to absence of information, the financial ratios of CMP could not be computed. It might be examined from the Appendix III that the annual total profits of Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Analysis throughout the period 2000-2012 are growing at a high growth rate, showing that the yearly demand of the products of CMP is growing and the business is quite efficient in bring in a big number of clients at a possible price.
In addition to it, the second chart which reveals the yearly development in the Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Help overall possessions, shows that the company is rather effective in including worth to its assets through its profits. The growth in possessions shows that the total worth of the company is likewise increasing with increasing the overall earnings. (Unknown, 2013).
Another financial analysis of the company using the offered information might be the analysis relating to the circulation of overall profits of the business. Huge part of the profits of CMP originates from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The company could move towards other organisation sections with a possible growth to attain its future development goal.
PESTEL Analysis
PESTEL analysis might be performed to find out the different external forces affecting the performance of the business and the recent trends in the external environment of the company. A brief PESTEL analysis of the business is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable impact on the state of mind of the people about the communist ideology of the government, therefore, the publishing sector is extremely monitored and guided by the Publicity Department of the Communist Party of China. For that reason, it might be said that the general political forces affecting Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Solution service are high. The federal 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 CMP in particular includesthe prices of paper, the earnings level of consumers, 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 development, the consumer's choices towards reading informative products etc. China has the greatest population on the planet with a high population growth, revealing the increasing variety of consumers of the Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Help. The customer choices are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP needs to concentrate on digital publishing to meet the changing consumer preferences.
Technological.
Technological forces impacting the CMP include the technological advancement in the reading strategies and so on. Enhancement of science and innovation along with the increase of digital publishing might minimize the need for the CMP items, if particular actions would not be taken soon.
Environmental.
Ecological forces impacting Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Solution includes the issues of ecological neighborhoods over the usage of paper in publishing books. The paper utilized in the books while publishing is needed to be non reusable and the ink utilized while publishing needs to not be harmful for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. Publishing Regulation 1997 needs the publishers to be authorized first by the Federal government to be entered in the publishing market.
Industry Analysis (Porter's 5 Forces Model).
Porter's Five Forces Design could be used to analyze the appearance of the publishing market China. A short analysis of the Porter's Five Forces is provided as follows;.
Threat of New Entrants.
Dangers of new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the market tends to attract new entrants to the publishing industry. Nevertheless, the presence of extreme competition and the requirement of big capital tends to demotivate new entrants to enter in the market.
Threat of Replacement.
Risk of Alternative is high for the Chinese Publishing Market. The alternative products for the released documents is the documents provided in the digital libraries on certain sites. The altering customer choices towards digital learning increase the hazard of substitution for the market.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of a great deal of customers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive competition for CMP. Along with it, brand-new entrants are also participating in the marketplace increasing the competition for CMP.
Bargaining Power of Supplier.
The significant suppliers of the Managing A Global Team Greg James At Sun Microsystems Inc B 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 total bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Haggling power of purchaser in the publishing industry 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 documents at competitive costs.
Competitors Analysis.
CMP operates in an extremely competitive market with the existence of a great deal of rivals. The business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant rivals of Managing A Global Team Greg James At Sun Microsystems Inc B Case Study Solution include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts as a threat 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 market share of CMP quickly in the existing market scenario.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was also established in the exact same period as CMP and CIP. It ranks 6th in the state-owned publishers in terms of company scale. It is likewise one of the popular gamers in the publishing industry with a yearly overall profits 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 opportunities.
• Avoiding the effect of market saturation in the Chinese publishing market.
Cons
• Usage of prospective resources in growth.
• Threat of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to present utilizing current capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio provides high worth to consumers.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation sectors to the new one can lead the business to lose need of its products in the market.
Recommendations
As the choices are moving towards digital publishing and the company require an immediate option to avoid the declining industry development. The company might likewise consider the growth program after the success of its digital publishing program.
Implementation
In order to present digital publishing in its item portfolio, the company needs to initially collects the data associated with the consumer need, the potential markets, the government regulations and the information related to the competitors presented in the market. After that, the business needs to decide one prospective sector for its initial offering. It should gather research study that how it might differentiate its digital publishing from the existing rivals' items. The actions above the business need to go for the initial offering. If the initial offering proves a success, the company must choose the other markets. In this method the business would be able to execute its digital publishing program.
Conclusion
The development of the publishing industry is decreasing considering that 2008, showing a danger to the business's long term existence, however the situation can be managed by thinking about an advancement strategy in the future. The business could think about introducing digital publishingin its existing market to execute its advancement program at immediate basis and to avoid the risk of failure for entrance in the brand-new markets.
