Managing Information Systems And Technology Projects Case Study Solution and Analysis
Intro
Managing Information Systems And Technology Projects Case Study Solution is the largest publishing company with a highest market share in the China's book retail market. CMP provides a variety of services including; collecting information, processing info and communication services. Major company sectors of the company consist of; books, regulars, consultancy and circulation. The business has a huge product portfolio and its significant items include books, periodicals, online media, exhibitions, research study reports etc. Managing Information Systems And Technology Projects Case Study Help has actually become a specialized info company and a large comprehensive Science and Innovation publishing company through the combination of print media, audio-visual media and the network media.
Vital Concerns
CMP has spent its 60 years journey efficiently, being an effective publishing house, nevertheless, the changing macro market trends and forces bring specific challenges to the publishing industry in basic and Managing Information Systems And Technology Projects Case Study Solution in specific. These elements include;
• 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 innovation.
The change of the macro markets have raised several 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 abilities of the company could be used 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
Managing Information Systems And Technology Projects Case Study Help has specific strengths that can be used to lower the risks, get rid of the weak point and obtain the opportunities. Strengths of CMP are given as follows;
• The long term experience of Managing Information Systems And Technology Projects Case Study Solution in the publishing industry i.e. 60 years allows the business to provide high quality products at a lower expense utilizing its prior experiences.
• The technical resources and capabilities generated by its effective journey supply a competitive benefit to CMP.
• Large item portfolioof CMP assists it to diversify its threat and provide high worth to its customers.
• Strong financial position enables the company to think about several advancement opportunities without any worry of raising fund externally.
Weak points
Along with the strengths, the company has certain weaknesses which might increase restraints for the company in executing its development program. The weaknesses of Managing Information Systems And Technology Projects Case Study Help are provided as follows;
• Despite of being a science and technology publishing firm, the company still has traditional methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It should propose certain expansion plans to avoid its dependence over the Chinese markets to achieve long term development.
Opportunities
Although, the growth of the publishing industry is decreasing because 2008, impacting Managing Information Systems And Technology Projects Case Study Help too, but the development might be restored by availing specific opportunities presented in the market. The market chances for CMP consist of;
• The company might likewise present Digital Publishing by using its long term technical experience and a strong customer acknowledgment in the market.
• CMP might think about an advancement program through the growth towards foreign markets in order to reduce its dependence over Chinese markets by utilizing its vast financial resources.
Hazards
The altering macro trends in the market and increasing competitors in the publishing market has actually positioned certain risks to Managing Information Systems And Technology Projects Case Study Analysis consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries could cause declining market share of Managing Information Systems And Technology Projects Case Study Help due to the consumer shift towards virtual libraries.
• The presence of a great deal of competitors in the publishing industry increase the risk for CMP to lose its competitive position in the market, as rivals can gain a strong customer base by utilizing particular techniques like aggressive promo, quality items, etc.
• Entryway of brand-new publishing firms in the market in addition to presence of high competitors increases the danger of losing the consumer base.
Financial Analysis.
The company has a rather competitive monetary efficiency. Due to absence of data, the monetary ratios of CMP might not be computed. The general financial efficiency of the company might be evaluated by using the charts provided in the case Appendices. It might be analyzed from the Appendix III that the yearly overall profits of CMP throughout the period 2000-2012 are growing at a high growth rate, revealing that the yearly need of the products of Managing Information Systems And Technology Projects Case Study Help is growing and the company is rather effective in attracting a a great deal of consumers at a potential rate.
Together with it, the 2nd graph which shows the yearly growth in the Managing Information Systems And Technology Projects Case Study Solution overall possessions, reveals that the company is quite efficient in including worth to its assets through its incomes. The development in possessions reveals that the total worth of the company is also increasing with increasing the overall incomes. (Unknown, 2013).
Another monetary analysis of the company utilizing the offered data could be the analysis relating to the distribution of overall revenues of the business. Huge part of the revenues of CMP comes 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 prospective growth to accomplish its future development objective.
PESTEL Analysis
PESTEL analysis could be conducted to discover the different external forces impacting the efficiency of the business and the recent trends in the external environment of the business. A short PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a substantial impact on the frame of mind of individuals about the communist ideology of the government, for that reason, the publishing sector is extremely supervised and assisted by the Promotion Department of the Communist Celebration of China. Therefore, it could be stated that the general political forces affecting Managing Information Systems And Technology Projects Case Study Analysis business are high. The government policies concerning the publishing sector are also increasing with the passage of time.
Cost-effective.
Economic forces impacting the publishing sector in general and the Managing Information Systems And Technology Projects Case Study Solution in specific includesthe prices of paper, the earnings 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. Along with it, the economic policies connected to the import of books impact the general service at CPM. Nevertheless, China's financial conditions are rather beneficial for CMP with high GDP growth and consumer earnings level.
Social and Demographical.
Social and demographical forces consist of the population growth, the consumer's choices towards checking out helpful materials etc. China has the greatest population on the planet with a high population growth, showing the increasing variety of customers of the Managing Information Systems And Technology Projects Case Study Analysis. The consumer choices are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP ought to concentrate on digital publishing to fulfill the altering consumer preferences.
Technological.
Technological forces affecting the CMP include the technological development in the reading methods and so on. Improvement of science and innovation in addition to the rise of digital publishing could decrease the need for the CMP items, if particular actions would not be taken soon.
Environmental.
Ecological forces affecting Managing Information Systems And Technology Projects Case Study Help consists of the issues of environmental neighborhoods over the use of paper in publishing books. The paper utilized in the books while publishing is required to be disposable and the ink used while publishing needs to not be hazardous for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. The legal guidelines concerning the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 requires the publishers to be authorized first by the Government to be entered in the publishing market. The ordinance forbids direct involvement of foreign entities and individuals in the publishing sector.
Market Analysis (Porter's 5 Forces Model).
Porter's 5 Forces Design could be used to evaluate the attractiveness of the publishing market China. A brief analysis of the Porter's Five Forces is offered as follows;.
Risk of New Entrants.
Threats of new entrants in the Chinese Publishing Industry is moderate. The possible growth in the industry tends to bring in new entrants to the publishing industry. Nevertheless, the existence of intense competitors and the requirement of substantial capital tends to demotivate new entrants to go into in the marketplace.
Threat of Replacement.
Threat of Substitution is high for the Chinese Publishing Industry. The alternative products for the released files is the documents provided in the virtual libraries on certain websites. The changing consumer preferences towards digital learning increase the risk of alternative for the market.
Competitive Competition.
Competitive competition in the publishing market is high. The existence of large number of customers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. In addition to it, new entrants are also participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant suppliers of the Managing Information Systems And Technology Projects Case Study Solution consist of the providers of the paper for publishing documents. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the general bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
Bargaining power of purchaser in the publishing market is high. Due to the existence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality documents at competitive rates.
Rivals Analysis.
CMP operates in a highly competitive industry with the existence of a great deal of rivals. Nevertheless, the business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant rivals of Managing Information Systems And Technology Projects 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 publishes similar type of books. For a big time period, CIP held the largest market share, and still ranks second and third in numerous market sections, with a significant concentrate on academic publications. CIP serves 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 marketplace share of Managing Information Systems And Technology Projects Case Study Solution quickly in the current market scenario.
Posts and telecommunication Press (PTP).
It was also established in the very same duration as Managing Information Systems And Technology Projects Case Study Solution and CIP. It is also one of the popular 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 dependence over the Chinese markets.
• Increasing variety of Customers
• Development chances.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of possible resources in expansion.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce utilizing present capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio provides high worth to clients.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core company sectors to the new one can lead the business to lose need of its products in the market.
Suggestions
As the preferences are moving towards digital publishing and the company need an instant option to prevent the declining industry development. The business might likewise think about the growth program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its item portfolio, the business needs to first gathers the data related to the consumer demand, the potential markets, the government policies and the data related to the competitors presented in the market. If the initial offering shows a success, the business needs to go for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
The development of the publishing industry is declining considering that 2008, revealing a danger to the business's long term existence, however the circumstance can be controlled by considering a development plan in the future. The company could consider introducing digital publishingin its existing market to implement its advancement program at immediate basis and to prevent the threat of failure for entryway in the new markets.
