Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Solution and Analysis
Introduction
Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Solution is the biggest publishing business with a greatest market share in the China's book retail market. CMP offers a number of services consisting of; gathering information, processing information and communication services. Major organisation sections of the company consist of; books, regulars, consultancy and distribution. The business has a vast product portfolio and its major items include books, periodicals, online media, exhibits, research study reports and so on. Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Solution has ended up being a specialized info service provider and a large extensive Science and Innovation publishing business through the combination of print media, audio-visual media and the network media.
Important Problems
Although, Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Help has actually spent its 60 years journey smoothly, being a successful publishing home, nevertheless, the changing macro market trends and forces bring specific difficulties to the publishing industry in general and CMP in specific. These elements include;
• Entryway of the new publishing firms in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Improvement of science and innovation.
The transformation of the macro markets have raised several concerns to the management at CPM that what could be the future of CMP in this circumstance? Do the long valuable experience, technical resources and the capabilities of the company could be used 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
Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Analysis has certain strengths that can be utilized to minimize the hazards, conquer the weakness and get the chances. Strengths of CMP are offered as follows;
• The long term experience of Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Solution in the publishing market i.e. 60 years permits the company to provide high quality items at a lower cost utilizing its previous experiences.
• The technical resources and capabilities created by its successful journey supply a competitive advantage to CMP.
• Vast product portfolioof CMP assists it to diversify its risk and supply high value to its customers.
• Strong financial position allows the company to consider a number of advancement opportunities without any fear of raising fund externally.
Weaknesses
Along with the strengths, the business has particular weak points which could increase restraints for the company in executing its development program. The weaknesses of Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Help are provided as follows;
• Despite of being a science and technology publishing firm, the company still has standard ways ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It ought to propose specific expansion plans to prevent its dependence over the Chinese markets to attain long term development.
Opportunities
The growth of the publishing industry is declining considering that 2008, affecting Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Analysis as well, however the growth could be revived by availing particular chances provided in the market. The market chances for CMP consist of;
• The company might likewise introduce Digital Publishing by using its long term technical experience and a strong customer recognition in the market.
• CMP might think about a development program through the expansion towards foreign markets in order to minimize its reliance over Chinese markets by utilizing its large funds.
Risks
The changing macro trends in the market and increasing competitors in the publishing industry has actually presented certain hazards to Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Help consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might lead to decreasing market share of Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Analysis due to the customer shift towards digital libraries.
• The presence of large number of rivals in the publishing market increase the danger for CMP to lose its competitive position in the market, as rivals can acquire a strong customer base by using certain strategies like aggressive promo, quality products, etc.
• Entrance of new publishing companies in the market in addition to existence of high competitors increases the danger of losing the client base.
Monetary Analysis.
Due to absence of data, the monetary ratios of CMP could not be determined. It could be analyzed from the Appendix III that the annual overall incomes of Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Analysis throughout the period 2000-2012 are growing at a high development rate, showing that the yearly need of the products of CMP is growing and the company is rather effective in bring in a big number of customers at a prospective rate.
Along with it, the second chart which reveals the yearly development in the Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Help overall possessions, reveals that the business is quite effective in adding worth to its possessions through its earnings. The development in possessions shows that the total worth of the firm is likewise increasing with increasing the total revenues. (Unknown, 2013).
Another monetary analysis of the company using the given information could be the analysis relating to the distribution of overall incomes of the company. Major part of the incomes 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 business segments with a prospective development to attain its future advancement objective.
PESTEL Analysis
PESTEL analysis might be carried out to learn the numerous external forces impacting the performance of the business and the current patterns in the external environment of the company. A quick PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a substantial influence on the mindset of individuals about the communist ideology of the federal government, for that reason, the publishing sector is highly monitored and directed by the Promotion Department of the Communist Party of China. It could be stated that the total political forces impacting CMP organisation are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.
Cost-effective.
Financial forces impacting the publishing sector in basic and the CMP in particular includesthe prices of paper, the earnings level of consumers, the inflation rate, and the total GDP development of the nation. All these forces combine effect the need for the publishing market.
Social and Demographical.
Social and demographical forces include the population growth, the consumer's preferences towards checking out useful products and so on. China has the highest population on the planet with a high population growth, revealing the increasing variety of customers of the Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Solution. The consumer preferences are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP ought to focus on digital publishing to meet the changing customer choices.
Technological.
Technological forces impacting the CMP include the technological development in the reading techniques etc. Enhancement of science and innovation along with the rise of digital publishing could minimize the need for the CMP products, if certain actions would not be taken quickly.
Environmental.
Environmental forces affecting Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Analysis consists of the concerns of environmental neighborhoods over the usage of paper in publishing books. The paper used in the books while publishing is required to be disposable and the ink used while publishing must not be damaging for the environment.
Legal.
Legal policies for the publishing sector at whole are high. Publishing Regulation 1997 needs the publishers to be authorized initially by the Government to be entered in the publishing market.
Industry Analysis (Porter's 5 Forces Design).
Porter's Five Forces Design might be used to examine the appearance of the publishing industry China. A short analysis of the Porter's 5 Forces is provided as follows;.
Threat of New Entrants.
Risks of new entrants in the Chinese Publishing Industry is moderate. The prospective development in the industry tends to bring in brand-new entrants to the publishing industry. The presence of intense competition and the requirement of substantial capital tends to demotivate brand-new entrants to enter in the market.
Risk of Alternative.
Threat of Substitution is high for the Chinese Publishing Market. The alternative products for the released documents is the documents presented in the virtual libraries on specific sites. The changing customer choices towards digital learning increase the danger of substitution for the market.
Competitive Competition.
Competitive rivalry in the publishing market 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. Along with it, new entrants are likewise participating in the market increasing the competition for CMP.
Bargaining Power of Provider.
The significant suppliers of the Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Solution consist of the suppliers of the paper for releasing documents. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the general bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of buyer in the publishing market is high. Due to the existence of a large number of publishers in the Chinese market and the marketplace saturation, the purchasers needs high quality files at competitive costs.
Competitors Analysis.
CMP runs in an extremely competitive market with the existence of a great deal of rivals. The company has a competitive position in the market with the highest market share in the Chinese publishing market. Significant competitors of Sex Drugs And Rock N Roll The Mtv Approach To Tackling Hivaids 2 Case Study Help include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts as a threat 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 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 duration as CMP and CIP. It ranks sixth in the state-owned publishers in regards to organisation scale. It is likewise among the prominent gamers in the publishing industry with an annual overall profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Decreasing dependence over the Chinese markets.
• Increasing variety of Customers
• Growth chances.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of prospective resources in expansion.
• Risk of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce using present capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio provides high worth to consumers.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core service segments to the brand-new one can lead the company to lose demand of its products in the market.
Recommendations
With the deep analysis of the external and internal environment of the company together with the market analysis and the competitor analysis, Alternative 2 is advised to CMP to achieve its future advancement. As the choices are shifting towards digital publishing and the company need an immediate option to prevent the decreasing industry development. For that reason, intro of digital publishing might show to be an instant solution with low amount of threat for the company. However, the business could also think about the growth program after the success of its digital publishing program.
Execution
In order to present digital publishing in its product portfolio, the company needs to first collects the data related to the customer need, the potential markets, the federal government regulations and the information related to the rivals presented in the market. If the preliminary offering shows a success, the business ought to go for the other markets. In this way the business would be able to implement its digital publishing program.
Conclusion
The development of the publishing market is decreasing since 2008, showing a danger to the company's long term presence, but the scenario can be managed by considering a development plan in the future. The business might consider introducing digital publishingin its existing market to implement its development program at immediate basis and to prevent the threat of failure for entryway in the new markets.
