Mobile Banking For The Unbanked Case Study Solution and Analysis
Intro
Mobile Banking For The Unbanked Case Study Solution is the largest publishing company with a highest market share in the China's book retail market. CMP has actually become a specialized info provider and a big thorough Science and Innovation publishing company through the combination of print media, audio-visual media and the network media.
Vital Problems
Although, Mobile Banking For The Unbanked Case Study Solution has spent its 60 years journey efficiently, being an effective publishing home, however, the altering macro market patterns and forces bring particular obstacles to the publishing industry in general and CMP in particular. These factors include;
• Entryway of the brand-new publishing firms in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Introduction of digital publishing methods
• Enhancement of science and technology.
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 business could be utilized to strive for the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Mobile Banking For The Unbanked Case Study Solution has specific strengths that can be utilized to lower the hazards, overcome the weakness and obtain the opportunities. Strengths of CMP are offered as follows;
• The long term experience of Mobile Banking For The Unbanked Case Study Solution in the publishing market i.e. 60 years permits the business to supply high quality items at a lower expense utilizing its previous experiences.
• The technical resources and abilities produced by its successful journey offer a competitive advantage to CMP.
• Vast product portfolioof CMP assists it to diversify its risk and supply high value to its consumers.
• Strong financial position allows the company to think about a number of development opportunities without any fear of raising fund externally.
Weak points
Along with the strengths, the business has particular weak points which might increase constraints for the business in implementing its advancement program. The weak points of Mobile Banking For The Unbanked Case Study Analysis are given as follows;
• Despite of being a science and innovation publishing company, the company still has conventional ways ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It must propose particular growth plans to prevent its dependence over the Chinese markets to accomplish long term growth.
Opportunities
The growth of the publishing industry is decreasing given that 2008, impacting Mobile Banking For The Unbanked Case Study Help as well, but the growth might be restored by availing certain chances presented in the market. The market chances for CMP include;
• The business could likewise introduce Digital Publishing by utilizing its long term technical experience and a strong client acknowledgment in the market.
• CMP might consider a development program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by utilizing its vast financial resources.
Threats
The changing macro trends in the market and increasing competition in the publishing industry has actually postured particular threats to Mobile Banking For The Unbanked Case Study Analysis including;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries could cause declining market share of Mobile Banking For The Unbanked Case Study Analysis due to the consumer shift towards virtual libraries.
• The existence of large number of competitors in the publishing industry increase the risk for CMP to lose its competitive position in the market, as competitors can acquire a strong consumer base by using specific methods like aggressive promotion, quality products, etc.
• Entryway of new publishing firms in the market along with existence of high competitors increases the risk of losing the customer base.
Financial Analysis.
The company has a quite competitive monetary performance. Due to lack of data, the monetary ratios of CMP might not be calculated. The total financial performance of the business might be evaluated by utilizing the graphs offered in the case Appendices. It might be analyzed from the Appendix III that the annual total incomes of CMP throughout the period 2000-2012 are growing at a high growth rate, showing that the yearly need of the items of Mobile Banking For The Unbanked Case Study Analysis is growing and the business is quite efficient in drawing in a large number of customers at a prospective cost.
Along with it, the 2nd chart which shows the yearly development in the Mobile Banking For The Unbanked Case Study Analysis overall possessions, shows that the company is rather efficient in adding worth to its assets through its earnings. The growth in possessions reveals that the total value of the firm is also increasing with increasing the overall incomes. (Unknown, 2013).
Another monetary analysis of the company utilizing the offered data could be the analysis regarding the distribution of total incomes of the business. Huge part of the revenues of CMP originates from the sales of its released books i.e. 64% as shown in the Case Appendix V. The company might move towards other company sections with a possible growth to achieve its future development goal.
PESTEL Analysis
PESTEL analysis could be performed to find out the numerous external forces impacting the efficiency of the business and the current patterns in the external environment of the business. A brief PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable effect on the frame of mind of the people about the communist ideology of the federal government, for that reason, the publishing sector is highly supervised and assisted by the Promotion Department of the Communist Party of China. For that reason, it might be said that the total political forces impacting Mobile Banking For The Unbanked Case Study Solution business are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.
Economical.
Financial forces affecting the publishing sector in general and the Mobile Banking For The Unbanked Case Study Help in particular includesthe costs of paper, the earnings level of customers, the inflation rate, and the general GDP development of the nation. All these forces integrate effect the need for the publishing market. Along with it, the economic policies related to the import of books affect the total organisation at CPM. China's financial conditions are quite favorable for CMP with high GDP growth and consumer earnings level.
Social and Demographical.
The consumer preferences are moving towards digital publishing rather than the standard was of publishing. In this regard, CMP needs to focus on digital publishing to satisfy the altering consumer preferences.
Technological.
Technological forces impacting the CMP include the technological advancement in the reading techniques etc. Enhancement of science and innovation in addition to the rise of digital publishing might reduce the need for the CMP items, if specific actions would not be taken soon.
Environmental.
Environmental forces affecting Mobile Banking For The Unbanked Case Study Help consists of the issues of ecological communities over the usage of paper in publishing books. The paper used in the books while publishing is required to be non reusable and the ink utilized while publishing must not be harmful for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Regulation 1997 requires the publishers to be authorized initially by the Government to be gone into in the publishing market.
Industry Analysis (Porter's 5 Forces Design).
Porter's Five Forces Model could be used to evaluate the beauty of the publishing industry China. A short analysis of the Porter's Five Forces is provided as follows;.
Risk of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Market is moderate. The prospective development in the market tends to bring in brand-new entrants to the publishing market. The existence of extreme competitors and the requirement of big capital tends to demotivate brand-new entrants to go into in the market.
Risk of Substitution.
Risk of Alternative is high for the Chinese Publishing Market. The replacement products for the released documents is the documents provided in the digital libraries on certain websites. The changing consumer choices towards digital learning increase the danger 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. Together with it, brand-new entrants are also participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant suppliers of the Mobile Banking For The Unbanked Case Study Help include the providers of the paper for publishing documents. 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 Buyer.
Haggling power of purchaser in the publishing market is high. Due to the presence of a a great deal of publishers in the Chinese market and the market saturation, the buyers needs high quality files at competitive prices.
Competitors 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 Mobile Banking For The Unbanked Case Study Analysis include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis among the close rivals of CMP. Established in the exact same period, CIP releases similar type of books. For a big time period, CIP held the biggest market share, and still ranks second and 3rd in different market sectors, with a major concentrate on instructional publications. CIP acts as a threat for CMP as it might wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and might wean the marketplace share of Mobile Banking For The Unbanked Case Study Solution quickly in the current market situation.
Posts and telecommunication Press (PTP).
It was also founded in the same duration as Mobile Banking For The Unbanked Case Study Solution and CIP. It is also one of the popular players in the publishing market with a yearly overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Reducing reliance over the Chinese markets.
• Increasing variety of Customers
• Development chances.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Usage of potential resources in growth.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to introduce using present capabilities.
• 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 focus on the digital publishing.
• Shift of focus from the core business sections to the new one can lead the company to lose need of its items in the market.
Suggestions
As the preferences are shifting towards digital publishing and the business require an immediate solution to avoid the declining industry growth. The company could also think about the expansion program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its product portfolio, the company should first collects the information related to the consumer demand, the prospective markets, the government policies and the information related to the rivals presented in the market. If the initial offering proves a success, the company ought to go for the other markets. In this method the business would be able to implement its digital publishing program.
Conclusion
Although, the growth of the publishing market is decreasing given that 2008, showing a hazard to the business's long term existence, but the circumstance can be controlled by considering a development plan in the future. The business might think about introducing digital publishingin its existing market to implement its development program at immediate basis and to prevent the danger of failure for entrance in the brand-new markets.
