Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution and Analysis
Introduction
Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Help is the biggest publishing business with a greatest market share in the China's book retail market. CMP has actually become a specialized details service provider and a big comprehensive Science and Innovation publishing company through the integration of print media, audio-visual media and the network media.
Vital Problems
Although, Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution has actually invested its 60 years journey efficiently, being a successful publishing home, however, the changing macro market patterns and forces bring specific difficulties to the publishing market in basic and CMP in specific. These factors consist of;
• Entryway of the new publishing firms in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Intro of digital publishing techniques
• Enhancement of science and technology.
The transformation of the macro markets have raised numerous questions 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 capabilities of the business could be made use of 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
Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Analysis has particular strengths that can be used to minimize the hazards, conquer the weak point and avail the chances. Strengths of CMP are given as follows;
• The long term experience of Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Analysis in the publishing industry i.e. 60 years enables the business to provide high quality products at a lower cost utilizing its previous experiences.
• The technical resources and capabilities produced by its successful journey offer a competitive advantage to CMP.
• Large product portfolioof CMP helps it to diversify its risk and offer high value to its consumers.
• Strong financial position enables the business to think about numerous advancement chances without any fear of raising fund externally.
Weaknesses
In addition to the strengths, the business has certain weak points which might increase restraints for the business in executing its advancement program. The weak points of Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Help are provided as follows;
• Despite of being a science and technology publishing firm, the business still has conventional ways ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It should propose particular growth plans to prevent its reliance over the Chinese markets to accomplish long term growth.
Opportunities
The growth of the publishing industry is decreasing given that 2008, affecting Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution as well, but the development might be restored by availing specific opportunities presented in the market. The marketplace opportunities for CMP consist of;
• The business might also present Digital Publishing by utilizing its long term technical experience and a strong client acknowledgment in the market.
• CMP might think about an advancement program through the expansion towards foreign markets in order to reduce its dependence over Chinese markets by utilizing its large financial resources.
Hazards
The changing macro trends in the market and increasing competitors in the publishing industry has positioned particular hazards to Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might lead to declining market share of Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Help due to the customer shift towards digital libraries.
• The existence of large number of rivals in the publishing industry increase the danger for CMP to lose its competitive position in the market, as competitors can acquire a strong consumer base by using certain techniques like aggressive promotion, quality items, etc.
• Entryway of brand-new publishing companies in the industry together with existence of high competitors increases the risk of losing the customer base.
Financial 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 earnings of Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution throughout the period 2000-2012 are growing at a high development rate, revealing that the annual demand of the items of CMP is growing and the business is quite efficient in attracting a large number of consumers at a possible cost.
Along with it, the 2nd graph which shows the annual growth in the Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Help total assets, shows that the business is rather effective in adding value to its possessions through its profits. The development in assets reveals that the overall worth of the firm is also increasing with increasing the total revenues. (Unknown, 2013).
Another monetary analysis of the business using the given information could be the analysis relating to the distribution of total incomes of the company. Huge part of the earnings of CMP comes from the sales of its released books i.e. 64% as shown in the Case Appendix V. The company could move towards other service segments with a potential development to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis could be performed to discover the different external forces affecting the performance of the company and the recent trends in the external environment of the company. A short PESTEL analysis of the company is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial impact on the mindset of the people about the communist ideology of the government, for that reason, the publishing sector is highly supervised and directed by the Publicity Department of the Communist Celebration of China. Therefore, it might be stated that the total political forces impacting Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution organisation are high. The federal government policies regarding the publishing sector are also increasing with the passage of time.
Affordable.
Economic forces impacting the publishing sector in basic and the Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Help in specific includesthe rates of paper, the income level of customers, the inflation rate, and the general GDP development of the country. All these forces integrate effect the demand for the publishing market. In addition to it, the financial policies related to the import of books impact the general business at CPM. However, China's economic conditions are quite favorable for CMP with high GDP growth and customer income level.
Social and Demographical.
Social and demographical forces include the population development, the customer's preferences towards checking out useful products and so on. China has the greatest population on the planet with a high population growth, revealing the increasing number of consumers of the Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution. However, the customer preferences are shifting towards digital publishing instead of the standard was of publishing. In this regard, CMP must focus on digital publishing to satisfy the altering consumer preferences.
Technological.
Technological forces affecting the CMP consist of the technological improvement in the reading methods etc. Improvement of science and technology along with the rise of digital publishing might minimize the need for the CMP items, if specific actions would not be taken quickly.
Environmental.
Ecological forces impacting Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Help consists of the issues of ecological neighborhoods over the use of paper in publishing books. The paper used in the books while publishing is needed to be disposable and the ink utilized while publishing must not be harmful for the environment.
Legal.
Legal policies 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 authorized initially 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 Design).
Porter's Five Forces Design might be utilized to examine the attractiveness of the publishing industry China. A quick analysis of the Porter's 5 Forces is offered as follows;.
Danger of New Entrants.
Risks of new entrants in the Chinese Publishing Industry is moderate. The possible development in the industry tends to bring in brand-new entrants to the publishing industry. The presence of intense competitors and the requirement of huge capital tends to demotivate new entrants to go into in the market.
Risk of Replacement.
Hazard of Alternative is high for the Chinese Publishing Market. The substitute products for the published documents is the documents provided in the virtual libraries on specific sites. The altering customer choices towards digital learning increase the threat of replacement for the market.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive rivalry for CMP. Together with it, new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant providers of the Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Solution consist of the suppliers of the paper for publishing files. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the total bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
Negotiating 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 purchasers requires high quality files at competitive costs.
Rivals Analysis.
CMP runs in a highly competitive industry with the existence of large number of competitors. However, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major rivals of Oberoi Hotels Train Whistle In The Tiger Reserve 2 Case Study Analysis include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIP acts as a danger 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 existing market situation.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was likewise founded in the exact same period as CMP and CIP. It ranks 6th in the state-owned publishers in regards to company scale. It is also among the popular gamers in the publishing industry with an annual total incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing number of Consumers
• Development chances.
• Preventing the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of possible resources in expansion.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to introduce utilizing current abilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased product portfolio provides high worth to consumers.
Cons
• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core organisation segments to the new one can lead the company to lose demand of its items in the market.
Suggestions
With the deep analysis of the external and internal environment of the business in addition to the market analysis and the rival analysis, Alternative 2 is recommended to CMP to achieve its future development. As the choices are moving towards digital publishing and the business need an instant option to avoid the declining industry growth. Introduction of digital publishing could prove to be an instant option with low quantity of threat for the business. Nevertheless, the business might also consider the expansion program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its item portfolio, the business ought to initially gathers the data related to the consumer demand, the possible markets, the government policies and the information related to the rivals provided in the market. If the initial offering shows a success, the company ought to go for the other markets. In this method the company would be able to implement its digital publishing program.
Conclusion
The development of the publishing market is decreasing considering that 2008, showing a hazard to the company's long term existence, however the scenario can be managed by considering a development plan in the future. The company 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 entrance in the brand-new markets.
