Student Plays Fantasy Hockey B 2 Case Study Solution and Analysis
Introduction
Student Plays Fantasy Hockey B 2 Case Study Solution is the biggest publishing company with a highest market share in the China's book retail market. CMP provides a number of services consisting of; gathering details, processing info and communication services. Significant organisation sectors of the business consist of; books, regulars, consultancy and circulation. The company has a vast product portfolio and its significant products include books, periodicals, online media, exhibitions, research study reports etc. Student Plays Fantasy Hockey B 2 Case Study Solution has ended up being a specialized details provider and a large thorough Science and Technology publishing business through the combination of print media, audio-visual media and the network media.
Important Problems
Although, Student Plays Fantasy Hockey B 2 Case Study Analysis has spent its 60 years journey efficiently, being a successful publishing house, however, the changing macro market patterns and forces bring specific challenges to the publishing industry in general and CMP in particular. These elements include;
• Entryway of the brand-new publishing firms in the industry.
• Declining growth of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Enhancement of science and innovation.
The change of the macro markets have raised numerous 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 development unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Student Plays Fantasy Hockey B 2 Case Study Solution has certain strengths that can be used to decrease the hazards, conquer the weakness and get the opportunities. Strengths of CMP are given as follows;
• The long term experience of Student Plays Fantasy Hockey B 2 Case Study Solution in the publishing industry i.e. 60 years allows the business to provide high quality items at a lower expense using its previous experiences.
• The technical resources and abilities produced by its effective journey supply a competitive benefit to CMP.
• Large product portfolioof CMP assists it to diversify its risk and provide high worth to its consumers.
• Strong financial position allows the company to consider a number of development chances with no worry of raising fund externally.
Weak points
Together with the strengths, the business has particular weak points which could increase constraints for the business in executing its development program. The weaknesses of Student Plays Fantasy Hockey B 2 Case Study Analysis are given as follows;
• Despite of being a science and technology publishing company, the company still has conventional ways ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It needs to propose certain expansion strategies to prevent its dependence over the Chinese markets to achieve long term development.
Opportunities
Although, the development of the publishing market is declining considering that 2008, impacting Student Plays Fantasy Hockey B 2 Case Study Help as well, however the development could be restored by availing particular chances provided in the market. The market chances for CMP include;
• The company might likewise present Digital Publishing by utilizing its long term technical experience and a strong client recognition in the market.
• CMP could think about an advancement program through the growth towards foreign markets in order to lower its dependence over Chinese markets by using its vast financial resources.
Hazards
The altering macro patterns in the market and increasing competitors in the publishing industry has presented certain threats to Student Plays Fantasy Hockey B 2 Case Study Analysis including;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries might lead to declining market share of Student Plays Fantasy Hockey B 2 Case Study Analysis due to the consumer shift towards digital libraries.
• The existence of large number of competitors in the publishing industry 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 promo, quality items, etc.
• Entryway of new publishing firms in the market along with presence of high competition increases the hazard of losing the consumer base.
Monetary Analysis.
Due to absence of data, the financial ratios of CMP could not be determined. It could be examined from the Appendix III that the annual overall revenues of Student Plays Fantasy Hockey B 2 Case Study Help throughout the duration 2000-2012 are growing at a high growth rate, showing that the yearly demand of the products of CMP is growing and the company is quite efficient in attracting a large number of clients at a potential price.
In addition to it, the 2nd graph which shows the annual development in the Student Plays Fantasy Hockey B 2 Case Study Help total possessions, reveals that the business is quite effective in adding worth to its properties through its incomes. The growth in possessions shows that the total worth of the firm is likewise increasing with increasing the total revenues. (Unidentified, 2013).
Another financial analysis of the company utilizing the given information might be the analysis relating to the distribution of total incomes 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 company could move towards other service sections with a possible growth to achieve its future development goal.
PESTEL Analysis
PESTEL analysis might be conducted to discover the various external forces affecting 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 could have a substantial influence on the state of mind of the people about the communist ideology of the federal government, therefore, the publishing sector is highly monitored and guided by the Promotion Department of the Communist Party of China. It could be stated that the total political forces affecting CMP company are high. The government policies relating to the publishing sector are also increasing with the passage of time.
Economical.
Economic 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 development of the nation. All these forces combine impact the need for the publishing market.
Social and Demographical.
The customer choices are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP needs to focus on digital publishing to fulfill the altering customer choices.
Technological.
Technological forces impacting the CMP consist of the technological improvement in the reading techniques and so on. Improvement of science and technology along with the rise of digital publishing could reduce the demand for the CMP items, if particular actions would not be taken soon.
Environmental.
Environmental forces affecting Student Plays Fantasy Hockey B 2 Case Study Help includes the concerns of ecological communities over the use of paper in publishing books. The paper used in the books while publishing is needed to be disposable 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. The legal regulations concerning the publishing sector is controlled by the General Administration of Press and Publication. Publishing Ordinance 1997 needs the publishers to be approved initially by the Federal government to be entered in the publishing market. The ordinance forbids direct involvement of foreign entities and individuals in the publishing sector.
Market Analysis (Porter's 5 Forces Design).
Porter's Five Forces Model could be used to evaluate the appearance of the publishing industry China. A quick analysis of the Porter's Five Forces is provided as follows;.
Threat of New Entrants.
Dangers of brand-new entrants in the Chinese Publishing Industry is moderate. The possible growth in the market tends to attract new entrants to the publishing industry. Nevertheless, the existence of extreme competition and the requirement of big capital tends to demotivate brand-new entrants to go into in the marketplace.
Risk of Alternative.
Hazard of Substitution is high for the Chinese Publishing Market. The replacement products for the published files is the files provided in the virtual libraries on specific websites. The altering consumer choices towards digital knowing increase the danger of substitution for the industry.
Competitive Competition.
Competitive competition in the publishing market is high. The existence 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. In addition to it, brand-new entrants are also participating in the market increasing the competition for CMP.
Bargaining Power of Provider.
The significant providers of the Student Plays Fantasy Hockey B 2 Case Study Analysis consist of the suppliers of the paper for publishing documents. 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 purchaser in the publishing industry is high. Due to the presence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers requires high quality documents at competitive costs.
Competitors Analysis.
CMP operates in a highly competitive market with the presence of large number of competitors. The company has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant rivals of Student Plays Fantasy Hockey B 2 Case Study Solution include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close rivals of CMP. Established in the same period, CIP releases comparable type of books. For a big period, CIP held the largest market share, and still ranks second and 3rd in numerous market sections, with a major focus on academic publications. CIP acts as a danger 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 marketplace share of Student Plays Fantasy Hockey B 2 Case Study Help quickly in the present market circumstance.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was also established in the same period as CMP and CIP. It ranks 6th in the state-owned publishers in regards to service scale. It is likewise among the prominent gamers in the publishing market with a yearly overall revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Consumers
• Growth chances.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Usage of potential resources in growth.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present using existing capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio supplies high worth to consumers.
Cons
• Competitors in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core company segments to the brand-new one can lead the company to lose need of its items in the market.
Suggestions
With the deep analysis of the external and internal environment of the company together with the industry analysis and the rival analysis, Alternative 2 is suggested to CMP to attain its future advancement. As the preferences are shifting towards digital publishing and the business require an immediate service to avoid the decreasing market development. Intro of digital publishing could prove to be an immediate option with low quantity of risk for the business. Nevertheless, the company might likewise think about the expansion program after the success of its digital publishing program.
Implementation
In order to present digital publishing in its item portfolio, the company must initially gathers the information related to the consumer need, the potential markets, the federal government guidelines and the data related to the competitors provided in the market. If the preliminary offering proves a success, the company should 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 industry is declining because 2008, showing a threat to the business's long term presence, but the situation can be controlled by considering an advancement strategy in the future. The business might consider presenting digital publishingin its existing market to execute its development program at immediate basis and to avoid the threat of failure for entrance in the new markets.
