On Writing Teaching Notes Well Case Study Solution and Analysis
Introduction
On Writing Teaching Notes Well Case Study Solution is the biggest publishing business with a highest market share in the China's book retail market. CMP has actually ended up being a specialized info provider and a large thorough Science and Technology publishing company through the integration of print media, audio-visual media and the network media.
Critical Issues
CMP has spent its 60 years journey smoothly, being an effective publishing house, nevertheless, the altering macro market trends and forces bring particular challenges to the publishing market in general and On Writing Teaching Notes Well Case Study Analysis in particular. These elements include;
• Entrance of the new publishing firms in the industry.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• 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 situation? Do the long important experience, technical resources and the abilities of the business could be utilized to pursue the future development unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
On Writing Teaching Notes Well Case Study Analysis has certain strengths that can be utilized to reduce the dangers, conquer the weakness and get the chances. Strengths of CMP are provided as follows;
• The long term experience of On Writing Teaching Notes Well Case Study Solution in the publishing industry i.e. 60 years allows the company to supply high quality items at a lower expense utilizing its prior experiences.
• The technical resources and capabilities created by its successful journey provide a competitive advantage to CMP.
• Large product portfolioof CMP assists it to diversify its danger and supply high worth to its customers.
• Strong monetary position enables the business to consider numerous advancement chances with no fear of raising fund externally.
Weaknesses
Along with the strengths, the business has certain weaknesses which could increase restraints for the company in implementing its advancement program. The weaknesses of On Writing Teaching Notes Well Case Study Help are given as follows;
• Despite of being a science and innovation publishing company, the company still has standard methods ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It ought to propose particular expansion strategies to prevent its reliance over the Chinese markets to accomplish long term development.
Opportunities
Although, the growth of the publishing market is decreasing because 2008, affecting On Writing Teaching Notes Well Case Study Solution also, however the growth could be revived by availing particular chances provided in the market. The market chances for CMP include;
• The company might likewise present Digital Publishing by utilizing its long term technical experience and a strong client recognition in the market.
• CMP could consider an advancement program through the expansion towards foreign markets in order to lower its dependence over Chinese markets by utilizing its vast financial resources.
Dangers
The changing macro patterns in the market and increasing competitors in the publishing market has actually presented certain hazards to On Writing Teaching Notes Well Case Study Analysis consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might cause declining market share of On Writing Teaching Notes Well Case Study Analysis due to the consumer shift towards digital libraries.
• The existence of a great deal of rivals in the publishing industry increase the risk for CMP to lose its competitive position in the market, as competitors can gain a strong consumer base by using certain techniques like aggressive promotion, quality items, etc.
• Entryway of brand-new publishing companies in the market together with existence of high competition increases the hazard of losing the consumer base.
Financial Analysis.
The company has a quite competitive monetary performance. Due to absence of information, the financial ratios of CMP might not be computed. However, the general financial efficiency of the company could be analyzed by utilizing the graphs given up the case Appendices. It might be evaluated from the Appendix III that the annual overall profits of CMP during the period 2000-2012 are growing at a high development rate, showing that the yearly need of the products of On Writing Teaching Notes Well Case Study Solution is growing and the business is quite efficient in drawing in a large number of customers at a prospective cost.
Along with it, the second graph which shows the annual growth in the On Writing Teaching Notes Well Case Study Analysis overall properties, shows that the business is quite efficient in adding value to its properties through its profits. The growth in properties reveals that the total worth of the firm is also increasing with increasing the total revenues. (Unknown, 2013).
Another financial analysis of the company using the given information might be the analysis concerning the distribution of total earnings of the company. Huge part of the profits of CMP comes from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The business could move towards other company sectors with a potential growth to attain its future development objective.
PESTEL Analysis
PESTEL analysis might be performed to discover the different external forces affecting the performance of the company and the recent patterns in the external environment of the business. A quick PESTEL analysis of the company is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a significant effect on the frame of mind of the people about the communist ideology of the federal government, therefore, the publishing sector is extremely monitored and directed by the Publicity Department of the Communist Party of China. Therefore, it might be said that the total political forces impacting On Writing Teaching Notes Well Case Study Analysis business are high. The federal government policies regarding the publishing sector are also increasing with the passage of time.
Affordable.
Economic forces affecting the publishing sector in general and the CMP in particular includesthe rates of paper, the earnings level of customers, the inflation rate, and the overall GDP development of the nation. All these forces integrate impact the demand for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population growth, the customer's preferences towards checking out helpful materials etc. China has the greatest population on the planet with a high population growth, revealing the increasing variety of consumers of the On Writing Teaching Notes Well Case Study Solution. The customer choices are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP must concentrate on digital publishing to satisfy the altering customer preferences.
Technological.
Technological forces affecting the CMP include the technological development in the reading methods and so on. Enhancement of science and innovation along with the rise of digital publishing might lower the need for the CMP products, if certain actions would not be taken soon.
Environmental.
Ecological forces affecting On Writing Teaching Notes Well Case Study Analysis 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 must not be hazardous for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Ordinance 1997 needs the publishers to be authorized initially by the Federal government to be entered in the publishing market.
Market Analysis (Porter's Five Forces Design).
Porter's 5 Forces Model might be utilized to examine the attractiveness of the publishing industry China. A brief analysis of the Porter's 5 Forces is provided as follows;.
Danger of New Entrants.
Dangers of new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the market tends to bring in brand-new entrants to the publishing market. The existence of extreme competitors and the requirement of substantial capital tends to demotivate new entrants to enter in the market.
Threat of Replacement.
Risk of Substitution is high for the Chinese Publishing Industry. The substitute products for the published files is the documents presented in the digital libraries on specific websites. The changing customer preferences towards digital learning increase the threat of replacement for the market.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The existence of a great deal of consumers 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 entering into the marketplace increasing the competition for CMP.
Bargaining Power of Provider.
The major suppliers of the On Writing Teaching Notes Well Case Study Solution include the suppliers of the paper for publishing documents. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the overall bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Haggling power of purchaser in the publishing industry is high. Due to the presence of a a great deal of publishers in the Chinese market and the market saturation, the purchasers needs high quality documents at competitive prices.
Competitors Analysis.
CMP runs in a highly competitive industry with the existence of large number of competitors. However, the business has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of On Writing Teaching Notes Well Case Study Analysis consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry 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 might wean the market share of CMP quickly in the existing market situation.
Posts and telecommunication Press (PTP).
It was likewise established in the exact same duration as On Writing Teaching Notes Well Case Study Solution and CIP. It is likewise one of the popular gamers in the publishing market with an annual overall earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Clients
• Development opportunities.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Use of possible resources in expansion.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce using existing capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio provides high worth to clients.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core business sectors to the new one can lead the company to lose demand of its items in the market.
Recommendations
With the deep analysis of the external and internal environment of the business along with the market analysis and the competitor analysis, Alternative 2 is advised to CMP to accomplish its future advancement. As the preferences are moving towards digital publishing and the company require an instant solution to avoid the declining market development. Introduction of digital publishing could show to be an immediate option with low amount of danger for the company. The company might also 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 initially gathers the information related to the customer demand, the possible markets, the government guidelines and the data related to the competitors provided in the market. If the initial offering shows a success, the business ought to go for the other markets. In this way the company would be able to implement its digital publishing program.
Conclusion
Although, the growth of the publishing market is declining because 2008, showing a hazard to the company's long term presence, but the scenario can be controlled by considering a development strategy in the future. The business might think about presenting digital publishingin its existing market to execute its development program at instant basis and to prevent the danger of failure for entrance in the new markets.
