Qatar National Cement Case Study Solution and Analysis
Introduction
Qatar National Cement Case Study Solution is the biggest publishing business with a greatest market share in the China's book retail market. CMP has ended up being a specialized information provider and a large extensive Science and Technology publishing business through the combination of print media, audio-visual media and the network media.
Crucial Issues
Although, Qatar National Cement Case Study Analysis has actually invested its 60 years journey smoothly, being an effective publishing home, nevertheless, the changing macro market patterns and forces bring specific challenges to the publishing industry in basic and CMP in specific. These aspects include;
• Entryway of the brand-new publishing companies in the industry.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• Enhancement of science and technology.
The improvement of the macro markets have raised numerous 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 capabilities of the business could be utilized to pursue the future development unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Qatar National Cement Case Study Solution has particular strengths that can be utilized to decrease the threats, get rid of the weakness and obtain the chances. Strengths of CMP are given as follows;
• The long term experience of Qatar National Cement Case Study Help in the publishing market i.e. 60 years enables the business to provide high quality products at a lower expense utilizing its prior experiences.
• The technical resources and capabilities generated by its successful journey supply a competitive advantage to CMP.
• Large item portfolioof CMP helps it to diversify its threat and provide high value to its consumers.
• Strong monetary position allows the business to consider several development chances without any fear of raising fund externally.
Weaknesses
In addition to the strengths, the company has particular weaknesses which could increase restrictions for the business in implementing its advancement program. The weak points of Qatar National Cement Case Study Help are provided 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 ought to propose specific growth plans to avoid its dependence over the Chinese markets to attain long term development.
Opportunities
The development of the publishing industry is decreasing since 2008, impacting Qatar National Cement Case Study Analysis as well, but the growth might be restored by availing certain opportunities provided in the market. The marketplace opportunities for CMP include;
• The business could also 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 minimize its dependence over Chinese markets by utilizing its large financial resources.
Dangers
The altering macro trends in the market and increasing competitors in the publishing industry has posed certain threats to Qatar National Cement Case Study Help consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might lead to decreasing market share of Qatar National Cement Case Study Analysis due to the consumer shift towards digital libraries.
• The existence of large number of competitors in the publishing industry increase the danger for CMP to lose its competitive position in the market, as rivals can gain a strong consumer base by using specific techniques like aggressive promotion, quality products, etc.
• Entryway of brand-new publishing companies in the industry together with presence of high competition increases the hazard of losing the consumer base.
Monetary Analysis.
Due to absence of data, the financial ratios of CMP might not be determined. It might be examined from the Appendix III that the annual total incomes of Qatar National Cement Case Study Solution during the duration 2000-2012 are growing at a high development rate, revealing that the annual need of the items of CMP is growing and the company is quite efficient in attracting a big number of customers at a potential rate.
Along with it, the second graph which reveals the yearly development in the Qatar National Cement Case Study Solution total properties, reveals that the company is rather efficient in adding value to its assets through its profits. The development in assets reveals that the overall value of the firm is also increasing with increasing the total revenues. (Unidentified, 2013).
Another monetary analysis of the business using the offered data could be the analysis relating to the distribution of overall revenues of the business. Major 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 could move towards other business sectors with a potential growth to achieve its future advancement goal.
PESTEL Analysis
PESTEL analysis could be carried out to learn the different external forces impacting the efficiency of the company and the recent patterns 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 considerable influence on the state of mind of individuals about the communist ideology of the government, for that reason, the publishing sector is highly supervised and guided by the Publicity Department of the Communist Party of China. For that reason, it could be stated that the overall political forces impacting Qatar National Cement Case Study Help service are high. The government policies regarding the publishing sector are likewise increasing with the passage of time.
Cost-effective.
Economic forces affecting the publishing sector in general and the CMP in specific includesthe rates of paper, the earnings level of consumers, the inflation rate, and the overall GDP growth of the country. All these forces combine impact the need for the publishing market.
Social and Demographical.
Social and demographical forces include the population growth, the customer's preferences towards reading useful materials and so on. China has the greatest population worldwide with a high population growth, showing the increasing number of customers of the Qatar National Cement Case Study Help. The customer choices are moving towards digital publishing rather than the standard was of publishing. In this regard, CMP must concentrate on digital publishing to fulfill the changing customer choices.
Technological.
Technological forces affecting the CMP include the technological advancement in the reading methods etc. Enhancement of science and technology in addition to the rise of digital publishing could decrease the need for the CMP products, if certain actions would not be taken soon.
Environmental.
Ecological forces affecting Qatar National Cement Case Study Analysis consists of the concerns of environmental communities 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 ought to not be harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal guidelines relating to the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 needs the publishers to be approved first by the Federal government to be entered in the publishing market. The regulation prohibits direct involvement of foreign entities and individuals in the publishing sector.
Industry Analysis (Porter's 5 Forces Model).
Porter's Five Forces Design might be utilized to analyze the appearance of the publishing industry China. A quick analysis of the Porter's Five Forces is offered as follows;.
Hazard of New Entrants.
Dangers of brand-new entrants in the Chinese Publishing Market is moderate. The possible development in the industry 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.
Danger of Alternative.
Danger of Substitution is high for the Chinese Publishing Market. The substitute items for the published documents is the documents presented in the virtual libraries on specific websites. The altering consumer preferences towards digital knowing increase the danger of alternative for the market.
Competitive Rivalry.
Competitive competition in the publishing market is high. The existence of a great deal of customers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Together with it, brand-new entrants are likewise entering into the marketplace increasing the competition for CMP.
Bargaining Power of Supplier.
The significant suppliers of the Qatar National Cement Case Study Help include the suppliers of the paper for publishing files. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the overall bargaining power of supplier for CMP is low.
Bargaining Power of Buyer.
Bargaining power of buyer 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 buyers needs high quality documents at competitive costs.
Competitors Analysis.
CMP runs in a highly competitive industry with the presence of large number of competitors. Nevertheless, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major competitors of Qatar National Cement Case Study Analysis include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market 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 scenario.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was also founded in the exact same duration as CMP and CIP. It ranks 6th in the state-owned publishers in regards to organisation scale. It is likewise one of the prominent gamers in the publishing industry with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Decreasing dependence over the Chinese markets.
• Increasing variety of Consumers
• Growth opportunities.
• Preventing the impact of market saturation in the Chinese publishing market.
Cons
• Usage of prospective resources in expansion.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to present using existing capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio provides high value to consumers.
Cons
• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core business sectors to the new one can lead the business to lose demand of its items in the market.
Recommendations
As the choices are shifting towards digital publishing and the company require an immediate service to prevent the decreasing market growth. The company might likewise think about the expansion program after the success of its digital publishing program.
Application
In order to present digital publishing in its item portfolio, the company ought to initially gathers the information associated with the customer demand, the potential markets, the government policies and the data connected to the rivals provided in the market. After that, the company must decide one potential segment for its preliminary offering. It should collect research that how it might separate its digital publishing from the existing competitors' products. The actions above the business need to go for the initial offering. If the preliminary offering proves a success, the company must opt for the other markets. In this method the business would have the ability to implement its digital publishing program.
Conclusion
The growth of the publishing industry is declining given that 2008, showing a hazard to the company's long term presence, however the situation can be controlled by thinking about a development plan in the future. The company could think about introducing digital publishingin its existing market to implement its development program at instant basis and to prevent the threat of failure for entrance in the brand-new markets.
