Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Solution and Analysis
Introduction
Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Help is the biggest publishing company with a greatest market share in the China's book retail market. CMP supplies a number of services consisting of; gathering information, processing info and interaction services. Major organisation sections of the business include; books, periodicals, consultancy and distribution. The company has a huge product portfolio and its significant products include books, periodicals, online media, exhibitions, research reports and so on. Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Help has actually become a specialized info supplier and a large extensive Science and Technology publishing company through the integration of print media, audio-visual media and the network media.
Critical Concerns
Although, Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Solution has actually spent its 60 years journey smoothly, being a successful publishing home, however, the changing macro market trends and forces bring certain obstacles to the publishing industry in basic and CMP in particular. These elements consist of;
• Entrance of the brand-new publishing firms in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Introduction of digital publishing methods
• Improvement of science and technology.
The change 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 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
Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Help has specific strengths that can be utilized to minimize the hazards, conquer the weak point and get the opportunities. Strengths of CMP are offered as follows;
• The long term experience of Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Analysis in the publishing industry i.e. 60 years allows the company to offer high quality items at a lower cost utilizing its previous experiences.
• The technical resources and abilities created by its successful journey provide a competitive benefit to CMP.
• Vast product portfolioof CMP assists it to diversify its threat and supply high value to its customers.
• Strong monetary position allows the company to think about numerous advancement opportunities with no fear of raising fund externally.
Weaknesses
Along with the strengths, the company has certain weaknesses which could increase restraints for the business in implementing its development program. The weaknesses of Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Help are given as follows;
• Despite of being a science and innovation publishing firm, the business still has traditional ways ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It should propose particular growth strategies to prevent its reliance over the Chinese markets to accomplish long term growth.
Opportunities
The development of the publishing industry is declining considering that 2008, impacting Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Analysis as well, but the growth might be restored by availing certain chances presented in the market. The market opportunities for CMP include;
• The company might also present Digital Publishing by utilizing its long term technical experience and a strong client acknowledgment in the market.
• CMP could consider an advancement program through the growth towards foreign markets in order to decrease its dependence over Chinese markets by utilizing its large funds.
Dangers
The altering macro patterns in the market and increasing competitors in the publishing market has posed specific threats to Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Solution including;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might cause decreasing market share of Oberoi Hotels Train Whistle In The Tiger Reserve 3 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 rivals can gain a strong customer base by utilizing certain 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 threat of losing the client base.
Monetary Analysis.
Due to absence of data, the financial ratios of CMP could not be computed. It might be analyzed from the Appendix III that the annual overall incomes of Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Help during the period 2000-2012 are growing at a high development rate, revealing that the annual demand of the products of CMP is growing and the business is rather effective in bring in a big number of clients at a potential price.
Together with it, the second graph which reveals the yearly development in the Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Analysis total possessions, shows that the business is rather efficient in adding worth to its possessions through its profits. The growth in possessions shows that the total value of the firm is also increasing with increasing the total revenues. (Unknown, 2013).
Another financial analysis of the company utilizing the given data could be the analysis regarding the circulation of total revenues of the company. Huge part of the profits of CMP originates from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company could move towards other company segments with a prospective development to achieve 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 current trends in the external environment of the company. A short PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a considerable influence on the mindset of the people about the communist ideology of the government, for that reason, the publishing sector is highly monitored and directed by the Promotion Department of the Communist Party of China. It might be said that the general political forces affecting CMP service are high. The federal government policies relating to the publishing sector are also increasing with the passage of time.
Affordable.
Economic forces impacting the publishing sector in general and the Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Analysis in particular includesthe prices of paper, the earnings level of consumers, the inflation rate, and the total GDP development of the country. All these forces combine impact the need for the publishing market. In addition to it, the economic policies associated with the import of books impact the overall organisation at CPM. Nevertheless, China's financial conditions are quite beneficial for CMP with high GDP development and consumer earnings level.
Social and Demographical.
The customer preferences are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP needs to focus on digital publishing to fulfill the changing consumer choices.
Technological.
Technological forces affecting the CMP include the technological development in the reading strategies etc. Enhancement of science and innovation in addition to the increase of digital publishing could decrease the demand for the CMP items, if particular actions would not be taken soon.
Environmental.
Environmental forces affecting Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Analysis consists of the concerns of ecological neighborhoods over the usage of paper in publishing books. The paper used in the books while publishing is needed to be non reusable and the ink used while publishing needs to not be damaging for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. The legal regulations regarding the publishing sector is managed by the General Administration of Press and Publication. Publishing Regulation 1997 requires the publishers to be authorized first by the Government to be gone into in the publishing market. The ordinance forbids direct participation of foreign entities and individuals in the publishing sector.
Market Analysis (Porter's Five Forces Design).
Porter's Five Forces Model could be used to examine the appearance of the publishing market China. A brief analysis of the Porter's 5 Forces is provided as follows;.
Hazard of New Entrants.
Dangers of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective development in the industry tends to attract brand-new entrants to the publishing market. The presence of intense competition and the requirement of big capital tends to demotivate new entrants to enter in the market.
Danger of Alternative.
Danger of Replacement is high for the Chinese Publishing Market. The alternative products for the released files is the documents presented in the virtual libraries on certain sites. The changing customer preferences towards digital knowing increase the threat of substitution for the market.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The existence of large number of customers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive rivalry for CMP. In addition to it, brand-new entrants are also entering into the market increasing the competitors for CMP.
Bargaining Power of Provider.
The major suppliers of the Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Analysis consist of the providers of the paper for releasing documents. As CMP is the largest publisher in the Chinese Publishing Market, for that reason the general bargaining power of supplier for CMP is low.
Bargaining Power of Buyer.
Negotiating 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 market saturation, the buyers requires high quality files at competitive costs.
Rivals Analysis.
CMP operates 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 competitors of Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Help consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close competitors of CMP. Established in the very same period, CIP releases similar type of books. For a big period, CIP held the biggest market share, and still ranks 2nd and third in numerous market segments, with a significant focus on instructional publications. CIP functions as a risk for CMP as it could wean its market share due to its long term competitive background. CIP is focused on digital publishing and might wean the market share of Oberoi Hotels Train Whistle In The Tiger Reserve 3 Case Study Analysis quickly in the current market scenario.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was also founded in the exact same period as CMP and CIP. It ranks 6th in the state-owned publishers in regards to organisation scale. It is also one of the prominent players in the publishing market with an annual overall earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Decreasing reliance over the Chinese markets.
• Increasing variety of Consumers
• Development opportunities.
• Preventing the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of potential 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 present using existing abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio provides high value to customers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core service sections to the brand-new one can lead the business to lose need of its items in the market.
Recommendations
With the deep analysis of the internal and external environment of the company in addition to the market analysis and the competitor analysis, Alternative 2 is advised to CMP to achieve its future development. As the choices are shifting towards digital publishing and the company need an immediate option to avoid the declining industry growth. Therefore, introduction of digital publishing could show to be an immediate service with low amount of risk for the business. However, the business could also consider the expansion program after the success of its digital publishing program.
Application
In order to present digital publishing in its item portfolio, the business must initially gathers the data connected to the consumer demand, the potential markets, the federal government guidelines and the data connected to the rivals presented in the market. After that, the business should choose one possible section for its initial offering. It needs to collect research study that how it could differentiate its digital publishing from the existing rivals' products. The actions above the business must go for the preliminary offering. If the initial offering proves a success, the business needs to opt for the other markets. In this way the business would be able to implement its digital publishing program.
Conclusion
The growth of the publishing industry is declining since 2008, revealing a hazard to the business's long term existence, but the scenario can be controlled by considering an advancement plan in the future. The business could consider presenting digital publishingin its existing market to execute its advancement program at instant basis and to avoid the threat of failure for entryway in the new markets.
