Student Plays Fantasy Hockey B Case Study Solution and Analysis
Introduction
Student Plays Fantasy Hockey B Case Study Analysis is the largest publishing business with a greatest market share in the China's book retail market. CMP has ended up being a specialized info service provider and a large extensive Science and Innovation publishing company through the integration of print media, audio-visual media and the network media.
Important Issues
Although, Student Plays Fantasy Hockey B Case Study Analysis has actually spent its 60 years journey efficiently, being an effective publishing home, nevertheless, the altering macro market trends and forces bring specific obstacles to the publishing industry in general and CMP in specific. These aspects include;
• Entrance of the brand-new publishing companies in the market.
• Declining growth of the publishing market.
• Market saturation.
• Intro of digital publishing techniques
• Enhancement of science and technology.
The transformation of the macro markets have raised several questions to the management at CPM that what could be the future of CMP in this situation? Do the long important experience, technical resources and the abilities of the company 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
Student Plays Fantasy Hockey B Case Study Solution has certain strengths that can be utilized to decrease the dangers, overcome the weak point and get the opportunities. Strengths of CMP are provided as follows;
• The long term experience of Student Plays Fantasy Hockey B Case Study Help in the publishing industry i.e. 60 years permits the business to supply high quality products at a lower expense using its previous experiences.
• The technical resources and capabilities produced by its successful journey offer a competitive benefit to CMP.
• Large item portfolioof CMP helps it to diversify its risk and provide high value to its customers.
• Strong monetary position allows the company to think about a number of development opportunities with no fear of raising fund externally.
Weaknesses
Together with the strengths, the business has particular weaknesses which could increase restrictions for the company in executing its development program. The weak points of Student Plays Fantasy Hockey B Case Study Solution are offered as follows;
• Despite of being a science and technology publishing company, the company still has traditional ways ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It should propose particular expansion strategies to prevent its dependence over the Chinese markets to attain long term growth.
Opportunities
Although, the development of the publishing market is decreasing since 2008, affecting Student Plays Fantasy Hockey B Case Study Help too, but the development could be restored by availing specific chances presented in the market. The marketplace opportunities for CMP consist of;
• The company might likewise introduce Digital Publishing by utilizing its long term technical experience and a strong client recognition in the market.
• CMP might think about an advancement program through the expansion towards foreign markets in order to reduce its dependence over Chinese markets by utilizing its large funds.
Hazards
The changing macro trends in the market and increasing competition in the publishing market has actually positioned particular threats to Student Plays Fantasy Hockey B Case Study Solution consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries might lead to declining market share of Student Plays Fantasy Hockey B Case Study Help due to the customer shift towards digital libraries.
• The presence of large number of rivals in the publishing industry increase the risk for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by using specific strategies like aggressive promotion, quality items, and so on
• Entrance of brand-new publishing companies in the market in addition to existence of high competition increases the hazard of losing the consumer base.
Monetary Analysis.
The business has a rather competitive monetary performance. Due to lack of information, the financial ratios of CMP could not be computed. The total financial efficiency of the business could be examined by using the charts offered in the case Appendices. It could be analyzed from the Appendix III that the yearly overall revenues of CMP throughout the period 2000-2012 are growing at a high growth rate, showing that the annual need of the products of Student Plays Fantasy Hockey B Case Study Help is growing and the business is quite efficient in drawing in a a great deal of customers at a prospective cost.
In addition to it, the 2nd graph which reveals the annual growth in the Student Plays Fantasy Hockey B Case Study Analysis overall possessions, reveals that the company is quite efficient in including worth to its properties through its profits. The growth in properties shows that the overall value of the firm is also increasing with increasing the total revenues. (Unknown, 2013).
Another financial analysis of the company utilizing the offered data could be the analysis concerning the distribution of total profits of the company. Huge part of the incomes of CMP comes from the sales of its published books i.e. 64% as shown in the Case Appendix V. The business could move towards other service sections with a possible development to attain its future development goal.
PESTEL Analysis
PESTEL analysis might be conducted to learn the different external forces impacting the efficiency of the company and the recent trends in the external environment of the business. A brief PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable influence on the mindset of individuals about the communist ideology of the federal government, therefore, the publishing sector is highly monitored and assisted by the Publicity Department of the Communist Party of China. For that reason, it could be said that the total political forces impacting Student Plays Fantasy Hockey B Case Study Analysis service are high. The government policies regarding the publishing sector are also increasing with the passage of time.
Economical.
Financial forces impacting the publishing sector in basic and the CMP in specific includesthe prices of paper, the income level of customers, the inflation rate, and the general GDP growth of the country. All these forces combine effect the demand for the publishing market.
Social and Demographical.
The consumer choices are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP ought to focus on digital publishing to fulfill the changing customer preferences.
Technological.
Technological forces impacting the CMP include the technological development in the reading techniques and so on. Improvement of science and technology in addition to the rise 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 B Case Study Solution consists of the concerns of ecological neighborhoods over the usage of paper in publishing books. The paper used in the books while publishing is required to be disposable and the ink used while publishing needs to not be hazardous for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. Publishing Regulation 1997 requires the publishers to be authorized first by the Government to be entered in the publishing market.
Industry Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Design might be used to examine the beauty of the publishing market China. A quick analysis of the Porter's Five Forces is provided as follows;.
Hazard of New Entrants.
Threats of new entrants in the Chinese Publishing Industry is moderate. The prospective development in the market tends to bring in brand-new entrants to the publishing industry. Nevertheless, the presence of intense competitors and the requirement of big capital tends to demotivate new entrants to go into in the marketplace.
Danger of Substitution.
Hazard of Alternative is high for the Chinese Publishing Market. The alternative items for the published documents is the documents provided in the virtual libraries on particular websites. The changing consumer preferences towards digital learning increase the risk of substitution for the market.
Competitive Rivalry.
Competitive competition in the publishing market is high. The presence of large number of consumers 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 likewise entering into the marketplace increasing the competition for CMP.
Bargaining Power of Provider.
The significant suppliers of the Student Plays Fantasy Hockey B Case Study Solution include the providers of the paper for publishing documents. 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 Buyer.
Bargaining power of buyer in the publishing industry is high. Due to the existence of a a great deal of publishers in the Chinese market and the marketplace saturation, the purchasers needs high quality documents at competitive prices.
Rivals Analysis.
CMP runs in a highly competitive industry with the existence of a great deal of rivals. However, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major competitors of Student Plays Fantasy Hockey B Case Study Analysis include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIP acts 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 market share of CMP easily in the current market situation.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was also established in the very same duration as CMP and CIP. It ranks sixth in the state-owned publishers in terms of organisation scale. It is also one of the popular gamers in the publishing market with an annual total earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing variety of Customers
• Development opportunities.
• Preventing the impact of market saturation in the Chinese publishing industry.
Cons
• Usage of prospective resources in expansion.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to present using current abilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio offers high value to customers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation segments to the brand-new one can lead the company to lose demand of its products in the market.
Suggestions
As the choices are shifting towards digital publishing and the company need an immediate option to avoid the declining industry growth. The business could likewise consider the growth program after the success of its digital publishing program.
Execution
In order to present digital publishing in its product portfolio, the business ought to first gathers the data connected to the customer demand, the potential markets, the federal government guidelines and the information associated with the rivals presented in the market. After that, the company should choose one potential sector for its initial offering. It must collect research study that how it might distinguish its digital publishing from the existing rivals' items. The actions above the business should go for the preliminary offering. If the initial offering proves a success, the business must choose the other markets. In this method the business would be able to execute its digital publishing program.
Conclusion
Although, the growth of the publishing industry is decreasing since 2008, revealing a risk to the business's long term existence, but the situation can be controlled by considering a development strategy in the future. The company might think about presenting digital publishingin its existing market to implement its advancement program at immediate basis and to avoid the danger of failure for entrance in the brand-new markets.
