Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Solution and Analysis
Introduction
Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Help is the largest publishing company with a greatest market share in the China's book retail market. CMP supplies a number of services including; gathering information, processing info and interaction services. Significant company sections of the company consist of; books, periodicals, consultancy and distribution. The company has a large product portfolio and its significant products consist of books, periodicals, online media, exhibitions, research reports etc. Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Analysis has actually become a specialized details service provider and a big detailed Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Vital Concerns
CMP has actually spent its 60 years journey efficiently, being a successful publishing house, however, the altering macro market patterns and forces bring specific challenges to the publishing market in basic and Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Solution in specific. These factors include;
• Entrance of the new publishing firms in the industry.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• 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 abilities of the company could be utilized to strive for the future development unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Solution has certain strengths that can be utilized to decrease the risks, conquer the weak point and obtain the chances. Strengths of CMP are offered as follows;
• The long term experience of Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Help in the publishing industry i.e. 60 years allows the business to supply high quality products at a lower cost utilizing its prior experiences.
• The technical resources and abilities produced by its successful journey provide a competitive benefit to CMP.
• Large item portfolioof CMP assists it to diversify its danger and supply high worth to its customers.
• Strong financial position enables the business to think about a number of development opportunities with no fear of raising fund externally.
Weak points
Along with the strengths, the business has certain weaknesses which could increase restraints for the business in implementing its advancement program. The weaknesses of Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Analysis are offered as follows;
• Despite of being a science and innovation publishing company, the company still has traditional ways ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It needs to propose particular growth strategies to prevent its dependence over the Chinese markets to achieve long term growth.
Opportunities
The growth of the publishing industry is decreasing considering that 2008, affecting Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Help as well, but the growth might be revived by availing certain chances provided in the market. The marketplace chances for CMP include;
• The company could likewise introduce Digital Publishing by utilizing its long term technical experience and a strong customer acknowledgment in the market.
• CMP could consider a development program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by utilizing its vast financial resources.
Threats
The altering macro patterns in the market and increasing competition in the publishing market has actually postured certain threats to Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Solution including;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might cause declining market share of Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Analysis due to the consumer shift towards digital libraries.
• The presence of large number of competitors in the publishing market increase the danger for CMP to lose its competitive position in the market, as competitors can get a strong consumer base by using particular strategies like aggressive promotion, quality items, etc.
• Entrance of new publishing companies in the market in addition to existence of high competition increases the threat of losing the customer base.
Financial Analysis.
Due to lack of information, the financial ratios of CMP might not be computed. It could be examined from the Appendix III that the yearly overall profits of Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Solution during the duration 2000-2012 are growing at a high development rate, showing that the annual need of the items of CMP is growing and the business is rather efficient in attracting a large number of customers at a potential price.
Together with it, the 2nd graph which reveals the yearly growth in the Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Analysis overall assets, reveals that the company is rather effective in adding value to its properties through its revenues. The growth in assets shows that the overall value of the firm is also increasing with increasing the total revenues. (Unknown, 2013).
Another monetary analysis of the business using the provided information might be the analysis regarding the distribution of total profits of the company. Huge 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 service sections with a possible development to attain its future development objective.
PESTEL Analysis
PESTEL analysis could be conducted to find out the numerous external forces impacting the efficiency of the business and the current trends in the external environment of the company. A brief PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable impact on the mindset of the people about the communist ideology of the government, therefore, the publishing sector is extremely supervised and guided by the Promotion Department of the Communist Party of China. It could be said that the total political forces impacting CMP business are high. The federal government policies regarding the publishing sector are also increasing with the passage of time.
Affordable.
Economic forces impacting the publishing sector in basic and the CMP in particular includesthe costs of paper, the earnings level of customers, the inflation rate, and the total GDP growth 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 helpful products etc. China has the highest population in the world with a high population development, showing the increasing variety of consumers of the Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Help. The customer preferences are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP must focus on digital publishing to meet the changing consumer preferences.
Technological.
Technological forces affecting the CMP include the technological development in the reading techniques etc. Improvement of science and technology in addition to the rise of digital publishing might lower the demand for the CMP items, if certain actions would not be taken soon.
Environmental.
Ecological forces affecting Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Solution consists of the issues of ecological communities over the usage of paper in publishing books. The paper utilized in the books while publishing is required 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. Publishing Ordinance 1997 requires the publishers to be authorized first by the Government to be gone into in the publishing market.
Market Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Model might be used to analyze the attractiveness of the publishing market China. A brief analysis of the Porter's 5 Forces is offered as follows;.
Risk of New Entrants.
Threats of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the industry tends to attract brand-new entrants to the publishing market. Nevertheless, the presence of intense competitors and the requirement of huge capital tends to demotivate brand-new entrants to go into in the market.
Risk of Alternative.
Hazard of Alternative is high for the Chinese Publishing Market. The substitute items for the released documents is the documents presented in the digital libraries on particular websites. The altering consumer preferences towards digital learning increase the hazard of substitution for the market.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The existence of large number of consumers in the Chinese Publishing Market 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 Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology 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 general bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
Negotiating power of purchaser in the publishing market is high. Due to the presence of a a great deal of publishers in the Chinese market and the market saturation, the buyers needs high quality files at competitive costs.
Competitors Analysis.
CMP operates in an extremely competitive market with the existence of large number of rivals. Nevertheless, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Help consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close rivals of CMP. Founded in the same period, CIP releases similar type of books. For a large period, CIP held the largest market share, and still ranks 2nd and third in different market segments, with a major concentrate on instructional publications. CIP functions as a threat for CMP as it could wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and might wean the market share of Spontaneous Virtual Teams Improving Organizational Performance Through Information And Communication Technology Case Study Solution 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 also among the popular gamers in the publishing industry with a yearly overall earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Lowering reliance over the Chinese markets.
• Increasing variety of Consumers
• Growth opportunities.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Usage of possible 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 utilizing present capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio offers high value to customers.
Cons
• Competitors in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core company sections to the new one can lead the business to lose demand of its items in the market.
Suggestions
With the deep analysis of the internal and external environment of the business along with the market analysis and the competitor analysis, Alternative 2 is advised to CMP to achieve its future advancement. As the preferences are shifting towards digital publishing and the business require an immediate service to avoid the decreasing industry growth. Intro of digital publishing could show to be an immediate option with low quantity of danger for the company. The business could likewise consider the growth 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 information related to the customer need, the possible markets, the federal government regulations and the information related to the competitors presented in the market. If the initial offering proves a success, the business must go for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
The development of the publishing market is decreasing given that 2008, revealing a danger to the business's long term existence, but the situation can be controlled by considering a development strategy in the future. The business could think about introducing digital publishingin its existing market to execute its advancement program at instant basis and to prevent the danger of failure for entrance in the brand-new markets.
