Student Plays Fantasy Hockey A Case Study Solution and Analysis
Introduction
Student Plays Fantasy Hockey A Case Study Solution is the largest publishing company with a greatest market share in the China's book retail market. CMP provides a number of services including; collecting information, processing info and interaction services. Significant organisation sections of the business consist of; books, periodicals, consultancy and distribution. The business has a large product portfolio and its significant items include books, periodicals, online media, exhibits, research reports and so on. Student Plays Fantasy Hockey A Case Study Analysis has actually become a specialized information provider and a big comprehensive Science and Innovation publishing company through the integration of print media, audio-visual media and the network media.
Important Problems
Although, Student Plays Fantasy Hockey A Case Study Help has actually invested its 60 years journey smoothly, being a successful publishing home, nevertheless, the changing macro market trends and forces bring certain difficulties to the publishing industry in basic and CMP in particular. These aspects consist of;
• Entryway of the brand-new publishing companies in the industry.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Enhancement of science and technology.
The improvement of the macro markets have raised numerous questions to the management at CPM that what could be the future of CMP in this situation? Do the long valuable experience, technical resources and the abilities of the business could be used to pursue the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Student Plays Fantasy Hockey A Case Study Solution has particular strengths that can be utilized to reduce the hazards, get rid of the weakness and get the chances. Strengths of CMP are offered as follows;
• The long term experience of Student Plays Fantasy Hockey A Case Study Analysis in the publishing industry i.e. 60 years enables the business to offer high quality products at a lower cost utilizing its prior experiences.
• The technical resources and capabilities produced by its successful journey provide a competitive advantage to CMP.
• Large product portfolioof CMP helps it to diversify its threat and provide high value to its customers.
• Strong monetary position enables the company to consider numerous development opportunities without any fear of raising fund externally.
Weaknesses
Along with the strengths, the company has specific weaknesses which might increase restraints for the company in implementing its development program. The weaknesses of Student Plays Fantasy Hockey A Case Study Analysis are offered as follows;
• Despite of being a science and technology publishing firm, the business still has standard ways ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It needs to propose particular growth plans to avoid its reliance over the Chinese markets to attain long term growth.
Opportunities
Although, the development of the publishing industry is declining because 2008, impacting Student Plays Fantasy Hockey A Case Study Analysis too, however the growth might be revived by availing certain opportunities presented in the market. The market chances for CMP consist of;
• The business could likewise present Digital Publishing by utilizing its long term technical experience and a strong customer acknowledgment in the market.
• CMP might think about a development program through the growth towards foreign markets in order to reduce its dependence over Chinese markets by using its large funds.
Dangers
The changing macro patterns in the market and increasing competitors in the publishing industry has actually positioned certain threats to Student Plays Fantasy Hockey A Case Study Help including;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries might cause decreasing market share of Student Plays Fantasy Hockey A Case Study Help due to the consumer shift towards digital libraries.
• The existence of large number of rivals in the publishing market increase the hazard for CMP to lose its competitive position in the market, as competitors can gain a strong customer base by utilizing specific strategies like aggressive promo, quality products, etc.
• Entrance of brand-new publishing companies in the market along with presence of high competitors increases the risk of losing the customer base.
Monetary Analysis.
The business has a quite competitive monetary performance. Due to lack of information, the financial ratios of CMP might not be computed. Nevertheless, the general financial efficiency of the business might be examined by using the graphs given in the case Appendices. It might be evaluated from the Appendix III that the annual total revenues of CMP during the period 2000-2012 are growing at a high development rate, showing that the annual need of the items of Student Plays Fantasy Hockey A Case Study Help is growing and the company is rather effective in drawing in a a great deal of customers at a possible cost.
In addition to it, the 2nd graph which reveals the yearly growth in the Student Plays Fantasy Hockey A Case Study Analysis overall assets, shows that the company is quite efficient in adding worth to its properties through its incomes. The development in properties reveals that the overall value of the firm is likewise increasing with increasing the total profits. (Unknown, 2013).
Another monetary analysis of the company utilizing the given information could be the analysis relating to the circulation of overall revenues of the company. Major part of the revenues of CMP comes from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company might move towards other business sections with a prospective development to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis might be conducted to find out the various external forces affecting the efficiency of the business and the recent patterns in the external environment of the company. A short PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable effect on the state of mind of individuals about the communist ideology of the government, therefore, the publishing sector is highly monitored and directed by the Promotion Department of the Communist Celebration of China. It might be stated that the general political forces impacting CMP company are high. The federal government policies concerning the publishing sector are likewise increasing with the passage of time.
Economical.
Financial forces impacting the publishing sector in basic and the CMP in specific includesthe rates of paper, the earnings level of customers, the inflation rate, and the general GDP growth of the country. All these forces integrate effect the demand for the publishing market.
Social and Demographical.
The customer preferences are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP should focus on digital publishing to fulfill the changing consumer preferences.
Technological.
Technological forces affecting the CMP include the technological advancement in the reading strategies etc. Enhancement of science and technology along with the increase of digital publishing could lower the demand for the CMP items, if specific actions would not be taken quickly.
Environmental.
Environmental forces impacting Student Plays Fantasy Hockey A Case Study Help consists of the issues of ecological neighborhoods over the use 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 damaging for the environment.
Legal.
Legal policies for the publishing sector at whole are high. Publishing Ordinance 1997 requires the publishers to be approved first by the Federal government to be entered in the publishing market.
Industry Analysis (Porter's Five Forces Design).
Porter's 5 Forces Model could be utilized to examine the attractiveness of the publishing industry China. A short analysis of the Porter's 5 Forces is offered as follows;.
Threat of New Entrants.
Threats of new entrants in the Chinese Publishing Market is moderate. The prospective development in the market tends to draw in brand-new entrants to the publishing industry. The existence of extreme competition and the requirement of big capital tends to demotivate brand-new entrants to enter in the market.
Danger of Replacement.
Hazard of Substitution is high for the Chinese Publishing Market. The replacement products for the published documents is the files presented in the virtual libraries on specific sites. The altering customer preferences towards digital learning increase the hazard 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 Market like CIP, PTP and so on tends to produce high competitive competition for CMP. In addition to it, brand-new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The major suppliers of the Student Plays Fantasy Hockey A Case Study Solution include the suppliers of the paper for publishing files. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the overall bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of buyer in the publishing market is high. Due to the presence of a large number of publishers in the Chinese market and the market saturation, the purchasers requires high quality documents at competitive prices.
Competitors Analysis.
CMP operates in a highly competitive market with the presence of a great deal of rivals. However, the business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of Student Plays Fantasy Hockey A Case Study Analysis consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry 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 easily in the existing market scenario.
Posts and telecommunication Press (PTP).
It was likewise established in the very same period as Student Plays Fantasy Hockey A Case Study Help and CIP. It is also one of the popular players in the publishing industry with an annual total earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing dependence over the Chinese markets.
• Increasing variety of Customers
• Development opportunities.
• Avoiding the impact of market saturation in the Chinese publishing industry.
Cons
• Use of prospective resources in growth.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to introduce utilizing current capabilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased product portfolio supplies high worth to customers.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core service sections to the brand-new one can lead the company to lose need of its items in the market.
Recommendations
With the deep analysis of the internal and external environment of the company along with the industry analysis and the competitor analysis, Alternative 2 is recommended to CMP to accomplish its future development. As the preferences are shifting towards digital publishing and the company need an instant solution to prevent the declining market development. Intro of digital publishing might prove to be an instant solution with low amount of risk for the business. However, the business might 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 business should initially collects the data related to the customer demand, the prospective markets, the federal government guidelines and the data associated with the rivals presented in the market. After that, the business ought to decide one prospective section for its initial offering. It ought to collect research study that how it could differentiate its digital publishing from the existing competitors' products. After all the actions above the company ought to go for the preliminary offering. If the preliminary offering proves a success, the business should go for the other markets. In this way the company would have the ability to execute its digital publishing program.
Conclusion
The development of the publishing industry is decreasing since 2008, showing a risk to the company's long term presence, but the circumstance can be controlled by thinking about a development plan in the future. The company might consider introducing digital publishingin its existing market to implement its advancement program at immediate basis and to prevent the danger of failure for entryway in the brand-new markets.
