Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Solution and Analysis
Introduction
Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Solution is the largest publishing company with a highest market share in the China's book retail market. CMP has actually ended up being a specialized details service provider and a large extensive Science and Innovation publishing company through the combination of print media, audio-visual media and the network media.
Vital Issues
Although, Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Analysis has invested its 60 years journey efficiently, being an effective publishing house, however, the changing macro market trends and forces bring certain difficulties to the publishing industry in general and CMP in particular. These aspects consist of;
• Entryway of the brand-new publishing firms in the industry.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Improvement of science and technology.
The improvement of the macro markets have raised several concerns to the management at CPM that what could be the future of CMP in this scenario? Do the long valuable experience, technical resources and the capabilities 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
Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Solution has specific strengths that can be used to lower the threats, conquer the weak point and avail the chances. Strengths of CMP are given as follows;
• The long term experience of Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Solution in the publishing industry i.e. 60 years enables the business to supply high quality items at a lower expense using its previous experiences.
• The technical resources and capabilities produced by its successful journey provide a competitive advantage to CMP.
• Large item portfolioof CMP assists it to diversify its danger and supply high value to its consumers.
• Strong monetary position allows the company to consider several development opportunities with no worry of raising fund externally.
Weak points
In addition to the strengths, the company has particular weak points which could increase restrictions for the company in executing its development program. The weaknesses of Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Solution are given as follows;
• Despite of being a science and technology publishing company, the business still has conventional methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It ought to propose particular growth plans to prevent its reliance over the Chinese markets to attain long term development.
Opportunities
Although, the development of the publishing market is decreasing considering that 2008, impacting Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Analysis too, but the development could be revived by availing specific opportunities presented in the market. The market opportunities for CMP consist of;
• The company could also present Digital Publishing by utilizing its long term technical experience and a strong consumer acknowledgment 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 using its large funds.
Threats
The changing macro patterns in the market and increasing competition in the publishing market has postured specific risks to Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Help consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries might lead to decreasing market share of Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Help due to the customer shift towards digital libraries.
• The presence 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 certain methods like aggressive promotion, quality products, and so on
• Entryway of new publishing firms in the market along with presence of high competition increases the danger of losing the customer base.
Financial Analysis.
Due to absence of information, the financial ratios of CMP might not be determined. It could be examined from the Appendix III that the yearly total revenues of Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Analysis throughout the duration 2000-2012 are growing at a high growth rate, revealing that the annual demand of the items of CMP is growing and the business is quite effective in drawing in a large number of customers at a potential price.
Along with it, the second chart which shows the annual growth in the Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Solution overall possessions, shows that the business is quite efficient in including worth to its assets through its earnings. The development in assets reveals that the overall value of the company is also increasing with increasing the overall incomes. (Unidentified, 2013).
Another financial analysis of the business utilizing the provided information might be the analysis concerning the circulation of total profits of the company. Major part of the earnings of CMP comes from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The business might move towards other service segments with a possible growth to attain its future advancement goal.
PESTEL Analysis
PESTEL analysis might be conducted to learn the numerous external forces impacting the performance of the company and the recent trends in the external environment of the company. A brief PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a significant effect on the frame of mind of individuals 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 Party of China. For that reason, it might be stated that the total political forces affecting Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Help service are high. The government policies concerning the publishing sector are likewise increasing with the passage of time.
Affordable.
Economic forces affecting the publishing sector in general and the CMP in specific includesthe costs of paper, the income level of consumers, the inflation rate, and the overall GDP growth of the nation. All these forces combine impact the demand for the publishing market.
Social and Demographical.
Social and demographical forces include the population development, the customer's choices towards checking out useful materials etc. China has the greatest population worldwide with a high population development, revealing the increasing number of customers of the Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Help. The consumer preferences are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP ought to focus on digital publishing to meet the altering customer choices.
Technological.
Technological forces affecting the CMP consist of the technological development in the reading methods and so on. Enhancement of science and technology in addition to the increase of digital publishing might decrease the need for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces impacting Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Help includes the concerns of ecological communities 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 needs to 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 approved initially by the Federal government to be entered in the publishing market.
Industry Analysis (Porter's 5 Forces Model).
Porter's Five Forces Model might be used to examine the appearance of the publishing market China. A brief analysis of the Porter's Five Forces is provided as follows;.
Danger of New Entrants.
Risks of new entrants in the Chinese Publishing Industry is moderate. The prospective development in the market tends to bring in new entrants to the publishing market. The existence of intense competition and the requirement of big capital tends to demotivate new entrants to go into in the market.
Danger of Replacement.
Hazard of Alternative is high for the Chinese Publishing Industry. The alternative items for the released files is the files provided in the virtual libraries on specific websites. The changing consumer choices towards digital learning increase the threat of replacement for the market.
Competitive Competition.
Competitive rivalry in the publishing market is high. The presence of a great deal of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive competition for CMP. Along with it, brand-new entrants are also participating in the market increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant suppliers of the Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Solution include the providers of the paper for publishing files. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the total bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Bargaining power of buyer in the publishing market is high. Due to the existence of a a great deal of publishers in the Chinese market and the marketplace saturation, the buyers requires high quality documents at competitive prices.
Rivals Analysis.
CMP operates in a highly competitive industry with the presence of large number of rivals. The business has a competitive position in the market with the highest market share in the Chinese publishing market. Significant rivals of Silenced By Fear The Nature And Consequences Of Fear At Work Case Study Analysis include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIP acts as a hazard for CMP as it could wean its market share due to its long term competitive background. CIP is focused on digital publishing and could wean the market share of CMP quickly in the existing market situation.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was also founded in the very same period as CMP and CIP. It ranks 6th in the state-owned publishers in terms of business scale. It is likewise among the prominent gamers in the publishing market with a yearly total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Lowering reliance over the Chinese markets.
• Increasing variety of Consumers
• Development chances.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Use of prospective resources in expansion.
• Risk of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce utilizing present capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high worth to clients.
Cons
• Competitors in the market by CIP, who has prior focus 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.
Recommendations
With the deep analysis of the internal and external environment of the business together with the industry analysis and the competitor analysis, Alternative 2 is suggested to CMP to attain its future development. As the choices are shifting towards digital publishing and the company need an immediate option to prevent the declining industry growth. Intro of digital publishing might prove to be an immediate option with low quantity of threat for the company. Nevertheless, the company could likewise think about the expansion program after the success of its digital publishing program.
Implementation
In order to introduce digital publishing in its item portfolio, the company must initially collects the data related to the consumer demand, the prospective markets, the government policies and the data related to the competitors provided in the market. If the initial offering shows a success, the business needs to go for the other markets. In this method the company would be able to execute its digital publishing program.
Conclusion
Although, the development of the publishing market is declining since 2008, showing a risk to the company's long term existence, however the scenario can be controlled by considering an advancement strategy in the future. The company could think about presenting digital publishingin its existing market to implement its development program at instant basis and to prevent the danger of failure for entrance in the new markets.
