St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Solution and Analysis
Introduction
St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Solution is the biggest publishing company with a greatest market share in the China's book retail market. CMP provides a variety of services consisting of; gathering info, processing details and interaction services. Major service sectors of the company include; books, regulars, consultancy and distribution. The company has a large product portfolio and its major products include books, periodicals, online media, exhibitions, research study reports etc. St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis has actually become a specialized information supplier and a large thorough Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Vital Issues
Although, St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis has spent its 60 years journey smoothly, being a successful publishing home, nevertheless, the changing macro market patterns and forces bring particular challenges to the publishing industry in general and CMP in particular. These elements include;
• Entrance of the brand-new publishing companies in the market.
• Declining growth of the publishing market.
• Market saturation.
• Introduction of digital publishing methods
• Improvement of science and innovation.
The improvement of the macro markets have raised a number of questions to the management at CPM that what could be the future of CMP in this circumstance? Do the long important experience, technical resources and the capabilities of the company could be used 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
St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis has particular strengths that can be utilized to reduce the threats, overcome the weak point and avail the opportunities. Strengths of CMP are given as follows;
• The long term experience of St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Help in the publishing industry i.e. 60 years allows the company to provide high quality products at a lower cost using its prior experiences.
• The technical resources and abilities created by its effective journey offer a competitive advantage to CMP.
• Vast product portfolioof CMP helps it to diversify its danger and supply high value to its consumers.
• Strong monetary position permits the business to think about a number of development chances with no fear of raising fund externally.
Weaknesses
Along with the strengths, the company has particular weaknesses which could increase restrictions for the business in executing its advancement program. The weak points of St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis are offered as follows;
• Despite of being a science and technology publishing firm, the company still has standard methods ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It needs to propose specific growth plans to avoid its dependence over the Chinese markets to attain long term development.
Opportunities
Although, the growth of the publishing industry is decreasing given that 2008, impacting St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis also, however the development could be restored by availing particular opportunities provided in the market. The market chances for CMP include;
• The company might also present Digital Publishing by utilizing its long term technical experience and a strong customer recognition in the market.
• CMP might consider an advancement program through the expansion towards foreign markets in order to lower its dependence over Chinese markets by using its huge financial resources.
Dangers
The changing macro trends in the market and increasing competition in the publishing industry has posed particular threats to St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Help consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries could cause decreasing market share of St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Solution due to the consumer shift towards digital libraries.
• The presence of a great deal of rivals in the publishing industry increase the risk for CMP to lose its competitive position in the market, as rivals can acquire a strong customer base by utilizing particular strategies like aggressive promotion, quality products, etc.
• Entrance of new publishing firms in the industry along with presence of high competition increases the risk of losing the customer base.
Financial Analysis.
Due to lack of information, the financial ratios of CMP might not be calculated. It could be examined from the Appendix III that the annual total incomes of St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Help throughout the duration 2000-2012 are growing at a high growth rate, showing that the yearly need of the products of CMP is growing and the company is rather efficient in drawing in a large number of clients at a possible price.
Along with it, the 2nd chart which shows the annual development in the St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Help total properties, reveals that the company is rather efficient in including value to its assets through its earnings. The growth in properties reveals that the overall value of the company is also increasing with increasing the total incomes. (Unknown, 2013).
Another monetary analysis of the company using the provided information could be the analysis relating to the distribution of total profits of the business. Major part of the earnings of CMP comes from the sales of its released books i.e. 64% as shown in the Case Appendix V. The business might move towards other company sections with a potential growth to attain its future development goal.
PESTEL Analysis
PESTEL analysis might be performed to discover the numerous external forces impacting the efficiency of the business and the recent trends in the external environment of the business. A quick PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a substantial impact on the frame of mind of individuals about the communist ideology of the federal government, for that reason, the publishing sector is extremely monitored and directed by the Promotion Department of the Communist Party of China. Therefore, it could be said that the general political forces impacting St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis business are high. The federal government policies concerning the publishing sector are also increasing with the passage of time.
Cost-effective.
Economic forces impacting the publishing sector in basic and the St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Solution in particular includesthe prices of paper, the income level of customers, the inflation rate, and the general GDP development of the nation. All these forces integrate effect the need for the publishing market. Along with it, the financial policies connected to the import of books impact the total service at CPM. China's economic conditions are quite beneficial for CMP with high GDP development and consumer earnings level.
Social and Demographical.
Social and demographical forces consist of the population growth, the consumer's preferences towards reading useful products etc. China has the greatest population worldwide with a high population development, revealing the increasing number of consumers of the St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis. The consumer preferences are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP must concentrate on digital publishing to fulfill the altering customer choices.
Technological.
Technological forces impacting the CMP include the technological development in the reading techniques and so on. Enhancement of science and innovation along with the rise of digital publishing could decrease the need for the CMP items, if certain actions would not be taken soon.
Environmental.
Ecological forces affecting St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis includes the concerns of environmental neighborhoods over the usage of paper in publishing books. The paper utilized in the books while publishing is required to be disposable and the ink utilized while publishing must not be damaging for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Regulation 1997 requires the publishers to be authorized first by the Federal government to be gone into in the publishing market.
Market Analysis (Porter's Five Forces Design).
Porter's Five Forces Design could be utilized to analyze the appearance of the publishing industry China. A brief analysis of the Porter's 5 Forces is given as follows;.
Risk of New Entrants.
Risks of new entrants in the Chinese Publishing Industry is moderate. The potential development in the industry tends to bring in brand-new entrants to the publishing industry. The presence of intense competitors and the requirement of big capital tends to demotivate new entrants to enter in the market.
Hazard of Replacement.
Threat of Alternative is high for the Chinese Publishing Industry. The replacement items for the released files is the documents presented in the virtual libraries on particular websites. The changing consumer preferences towards digital knowing increase the hazard of replacement for the market.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of a great deal of consumers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Along with it, new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Provider.
The significant suppliers of the St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Help consist of the providers of the paper for releasing files. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the total bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
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 market saturation, the buyers needs high quality files at competitive costs.
Competitors Analysis.
CMP operates in a highly competitive industry with the existence of a great deal of rivals. The business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant rivals of St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Help include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis one of the close rivals of CMP. Founded in the very same duration, CIP publishes similar type of books. For a large time period, CIP held the largest market share, and still ranks third and second in various market sections, with a major concentrate on academic publications. CIP functions 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 could wean the marketplace share of St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Analysis easily in the current market situation.
Posts and telecommunication Press (PTP).
It was likewise founded in the very same period as St Mary Maternity Hospital Introduction To Spss And Statistical Analysis 2 Case Study Solution and CIP. It is likewise one of the popular players in the publishing industry with a yearly overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing number of Consumers
• Growth opportunities.
• Preventing the impact of market saturation in the Chinese publishing industry.
Cons
• Usage of possible resources in growth.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching new markets.
• Easy to present using present abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio offers high value to consumers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core business sections to the new one can lead the business to lose need of its items in the market.
Suggestions
As the preferences are moving towards digital publishing and the business need an immediate option to avoid the declining market growth. The business could also consider the growth program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its product portfolio, the company needs to initially collects the data related to the consumer need, the possible markets, the government policies and the information related to the competitors provided in the market. If the initial offering proves a success, the business must go for the other markets. In this way the business would be able to execute its digital publishing program.
Conclusion
Although, the development of the publishing industry is declining given that 2008, revealing a risk to the business's long term existence, however the scenario can be managed by thinking about an advancement plan in the future. The business could think about introducing digital publishingin its existing market to implement its advancement program at instant basis and to prevent the threat of failure for entrance in the new markets.
