Take Home Exam Case Study Solution and Analysis
Intro
Take Home Exam Case Study Analysis is the largest publishing business with a greatest market share in the China's book retail market. CMP provides a variety of services including; gathering details, processing details and communication services. Significant service sectors of the company consist of; books, regulars, consultancy and distribution. The business has a large item portfolio and its major products include books, periodicals, online media, exhibitions, research reports and so on. Take Home Exam Case Study Solution has actually become a specialized details company and a large thorough Science and Technology publishing company through the combination of print media, audio-visual media and the network media.
Important Concerns
Although, Take Home Exam Case Study Solution has spent its 60 years journey efficiently, being a successful publishing house, nevertheless, the altering macro market patterns and forces bring certain difficulties to the publishing industry in general and CMP in particular. These elements include;
• Entrance of the new publishing firms in the market.
• Decreasing growth of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Enhancement of science and technology.
The improvement of the macro markets have raised several questions 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 business could be used to strive for the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Take Home Exam Case Study Help has certain strengths that can be made use of to minimize the threats, get rid of the weakness and get the opportunities. Strengths of CMP are given as follows;
• The long term experience of Take Home Exam Case Study Solution in the publishing industry i.e. 60 years enables the company to supply high quality products at a lower cost utilizing its prior experiences.
• The technical resources and abilities generated by its successful journey offer a competitive benefit to CMP.
• Huge product portfolioof CMP assists it to diversify its threat and provide high worth to its clients.
• Strong monetary position allows the business to consider several advancement chances with no fear of raising fund externally.
Weak points
Along with the strengths, the company has certain weak points which might increase restrictions for the business in implementing its advancement program. The weaknesses of Take Home Exam Case Study Solution are provided as follows;
• Despite of being a science and technology publishing company, the company still has conventional methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It should propose specific growth strategies to avoid its reliance over the Chinese markets to achieve long term development.
Opportunities
The growth of the publishing market is decreasing because 2008, affecting Take Home Exam Case Study Help as well, however the growth might be restored by availing particular chances provided in the market. The market opportunities for CMP include;
• The business could likewise present Digital Publishing by utilizing its long term technical experience and a strong consumer recognition in the market.
• CMP could consider a development program through the growth towards foreign markets in order to reduce its reliance over Chinese markets by using its huge funds.
Threats
The changing macro patterns in the market and increasing competition in the publishing industry has posed certain threats to Take Home Exam Case Study Analysis including;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might result in declining market share of Take Home Exam Case Study Solution due to the consumer shift towards virtual libraries.
• The existence of a great deal of rivals in the publishing market increase the danger for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by using particular techniques like aggressive promo, quality products, etc.
• Entryway of new publishing firms in the market together with presence of high competitors increases the risk of losing the customer base.
Financial Analysis.
The company has a rather competitive financial performance. Due to lack of information, the monetary ratios of CMP could not be computed. The total financial performance of the company might be analyzed by utilizing the charts given in the case Appendices. It could be evaluated from the Appendix III that the yearly overall profits of CMP during the period 2000-2012 are growing at a high development rate, showing that the yearly need of the products of Take Home Exam Case Study Analysis is growing and the company is rather effective in bring in a large number of clients at a possible cost.
Together with it, the second chart which reveals the annual development in the Take Home Exam Case Study Solution total possessions, shows that the business is quite efficient in adding value to its properties through its revenues. The growth in possessions reveals that the total value of the company is also increasing with increasing the total revenues. (Unknown, 2013).
Another financial analysis of the business using the provided data might be the analysis regarding the distribution of overall incomes of the business. Huge part of the earnings of CMP comes from the sales of its published books i.e. 64% as shown in the Case Appendix V. The business might move towards other business sectors with a possible development to attain its future advancement objective.
PESTEL Analysis
PESTEL analysis might be conducted to discover the various external forces affecting the performance of the business and the current patterns in the external environment of the business. A short PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial effect on the frame of mind 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 Celebration of China. It might be said that the overall political forces affecting CMP service are high. The federal government policies concerning the publishing sector are likewise increasing with the passage of time.
Affordable.
Economic forces affecting the publishing sector in basic and the Take Home Exam Case Study Analysis in specific includesthe rates of paper, the income level of customers, the inflation rate, and the general GDP growth of the country. All these forces integrate impact the need for the publishing market. Along with it, the economic policies associated with the import of books impact the total organisation at CPM. Nevertheless, China's economic conditions are quite favorable for CMP with high GDP development and consumer earnings level.
Social and Demographical.
Social and demographical forces include the population growth, the customer's preferences towards reading helpful materials and so on. China has the highest population in the world with a high population growth, showing the increasing number of consumers of the Take Home Exam Case Study Solution. The consumer preferences are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP must concentrate on digital publishing to fulfill the altering consumer choices.
Technological.
Technological forces impacting the CMP consist of the technological advancement in the reading strategies and so on. Enhancement of science and innovation in addition to the rise of digital publishing might decrease the need for the CMP products, if specific actions would not be taken quickly.
Environmental.
Environmental forces impacting Take Home Exam Case Study Help consists of the issues of environmental communities over the use of paper in publishing books. The paper used in the books while publishing is required to be disposable and the ink utilized while publishing ought to not be damaging for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal policies regarding the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 needs the publishers to be approved first by the Federal government to be gone into in the publishing market. The regulation forbids direct involvement of foreign entities and people in the publishing sector.
Market Analysis (Porter's 5 Forces Model).
Porter's Five Forces Design might be utilized to analyze the appearance of the publishing market China. A brief analysis of the Porter's Five Forces is given as follows;.
Threat of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the industry tends to bring in new entrants to the publishing industry. However, the existence of intense competition and the requirement of big capital tends to demotivate brand-new entrants to go into in the marketplace.
Risk of Replacement.
Hazard of Substitution is high for the Chinese Publishing Market. The substitute items for the published documents is the documents presented in the digital libraries on particular sites. The altering consumer choices towards digital learning increase the danger of alternative for the industry.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence 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, new entrants are likewise entering into the marketplace increasing the competition for CMP.
Bargaining Power of Provider.
The major suppliers of the Take Home Exam Case Study Solution consist of the providers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, for that reason the overall bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Bargaining power of buyer in the publishing industry is high. Due to the existence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers requires high quality documents at competitive rates.
Rivals Analysis.
CMP operates in a highly competitive industry with the presence of large number of rivals. The business has a competitive position in the market with the highest market share in the Chinese publishing market. Significant competitors of Take Home Exam Case Study Analysis consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts as a hazard for CMP as it could 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 quickly in the current market scenario.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was also founded in the exact same period as CMP and CIP. It ranks sixth in the state-owned publishers in regards to organisation scale. It is likewise among the popular gamers in the publishing industry with an annual total profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing number of Consumers
• Development opportunities.
• Preventing the impact of market saturation in the Chinese publishing industry.
Cons
• Use of potential resources in growth.
• Threat 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 abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio provides high value to customers.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core company sections to the brand-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 company together with the market analysis and the competitor analysis, Alternative 2 is suggested to CMP to attain its future development. As the choices are shifting towards digital publishing and the company need an instant solution to prevent the decreasing market growth. Intro of digital publishing might prove to be an instant option with low quantity of threat for the business. However, the business might also think about the expansion program after the success of its digital publishing program.
Application
In order to introduce digital publishing in its product portfolio, the company needs to initially gathers the information associated with the customer demand, the possible markets, the federal government policies and the information associated with the competitors provided in the market. After that, the business must choose one possible sector for its preliminary offering. It needs to gather research that how it could distinguish its digital publishing from the existing rivals' items. The actions above the business need to go for the initial offering. The business ought to go for the other markets if the initial offering shows a success. In this way the company would have the ability to execute its digital publishing program.
Conclusion
The development of the publishing industry is declining because 2008, showing a hazard to the company's long term existence, however the situation can be managed by thinking about an advancement strategy in the future. The company might consider presenting digital publishingin its existing market to execute its development program at immediate basis and to avoid the risk of failure for entryway in the new markets.
