Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Solution and Analysis
Introduction
Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Help is the largest publishing company with a greatest market share in the China's book retail market. CMP has ended up being a specialized info supplier and a large thorough Science and Technology publishing business through the combination of print media, audio-visual media and the network media.
Critical Issues
Although, Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Analysis has invested its 60 years journey smoothly, being a successful publishing home, nevertheless, the changing macro market patterns and forces bring certain obstacles to the publishing market in general and CMP in specific. These elements include;
• Entrance of the brand-new publishing firms in the industry.
• Declining growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Enhancement of science and technology.
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 scenario? Do the long important experience, technical resources and the abilities of the business 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
Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Help has particular strengths that can be made use of to minimize the risks, overcome the weakness and avail the chances. Strengths of CMP are provided as follows;
• The long term experience of Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Help in the publishing industry i.e. 60 years allows the company to offer high quality products at a lower expense utilizing its previous experiences.
• The technical resources and capabilities generated by its successful journey supply a competitive advantage to CMP.
• Large product portfolioof CMP helps it to diversify its danger and offer high worth to its consumers.
• Strong monetary position permits the company to consider several development chances with no worry of raising fund externally.
Weak points
Together with the strengths, the company has specific weak points which might increase restraints for the business in implementing its advancement program. The weak points of Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Help are given as follows;
• Despite of being a science and innovation publishing firm, the business still has traditional methods ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It needs to propose particular expansion strategies to avoid its dependence over the Chinese markets to accomplish long term growth.
Opportunities
Although, the growth of the publishing industry is decreasing because 2008, affecting Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Analysis also, but the growth could be restored by availing specific chances presented in the market. The marketplace chances for CMP include;
• The business could likewise introduce Digital Publishing by using its long term technical experience and a strong customer acknowledgment in the market.
• CMP could think about an advancement program through the growth towards foreign markets in order to decrease its dependence over Chinese markets by using its huge funds.
Hazards
The changing macro patterns in the market and increasing competition in the publishing market has presented certain risks to Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Analysis consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might lead to decreasing market share of Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Solution due to the consumer shift towards digital libraries.
• The existence of a great deal of rivals in the publishing market increase the hazard for CMP to lose its competitive position in the market, as rivals can acquire a strong customer base by utilizing specific strategies like aggressive promo, quality products, and so on
• Entryway of brand-new publishing companies in the market in addition to existence of high competitors increases the hazard of losing the client base.
Financial Analysis.
The business has a quite competitive financial performance. Due to lack of data, the financial ratios of CMP could not be calculated. Nevertheless, the total financial efficiency of the business might be examined by utilizing the charts given up the case Appendices. It could be analyzed from the Appendix III that the yearly overall earnings of CMP during the period 2000-2012 are growing at a high growth rate, revealing that the annual need of the items of Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Analysis is growing and the business is rather effective in bring in a a great deal of clients at a possible rate.
Together with it, the second chart which reveals the annual growth in the Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Solution overall assets, shows that the company is rather efficient in adding worth to its assets through its incomes. The development in possessions shows that the total worth of the company is also increasing with increasing the total revenues. (Unknown, 2013).
Another financial analysis of the business utilizing the given data might be the analysis relating to the distribution of overall revenues of the company. Huge part of the profits of CMP originates from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The company might move towards other business segments with a possible growth to achieve its future advancement goal.
PESTEL Analysis
PESTEL analysis might be carried out to discover the various external forces impacting the efficiency of the company and the current trends in the external environment of the company. A quick PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a considerable impact on the mindset of the people about the communist ideology of the federal government, therefore, the publishing sector is extremely supervised and assisted by the Promotion Department of the Communist Celebration of China. Therefore, it could be said that the overall political forces affecting Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Help service are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.
Affordable.
Economic forces impacting the publishing sector in basic and the CMP in specific includesthe prices of paper, the earnings level of customers, the inflation rate, and the overall GDP development of the nation. All these forces integrate effect the demand for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population growth, the customer's choices towards checking out useful products etc. China has the highest population on the planet with a high population growth, showing the increasing number of customers of the Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Solution. The consumer preferences are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP needs to concentrate on digital publishing to fulfill the changing consumer preferences.
Technological.
Technological forces affecting the CMP include the technological advancement in the reading strategies etc. Improvement of science and technology in addition to the rise of digital publishing could reduce the demand for the CMP items, if particular actions would not be taken quickly.
Environmental.
Environmental forces impacting Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Help includes 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 non reusable and the ink utilized while publishing ought to not be harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. Publishing Ordinance 1997 needs the publishers to be approved first by the Federal government to be gone into in the publishing market.
Industry Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Design could be utilized to examine the appearance of the publishing market China. A brief analysis of the Porter's 5 Forces is offered as follows;.
Danger of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Industry is moderate. The potential development in the industry tends to draw in new entrants to the publishing market. The existence of intense competition and the requirement of substantial capital tends to demotivate new entrants to enter in the market.
Threat of Substitution.
Danger of Replacement is high for the Chinese Publishing Industry. The substitute products for the published documents is the documents provided in the digital libraries on certain websites. The changing consumer choices towards digital knowing increase the danger of alternative for the industry.
Competitive Competition.
Competitive rivalry in the publishing market is high. The existence of a great deal of customers in the Chinese Publishing Industry like CIP, PTP and so on tends to produce high competitive rivalry for CMP. In addition to it, brand-new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Provider.
The major providers of the Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Analysis consist of the suppliers of the paper for publishing files. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the general bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of purchaser in the publishing industry is high. Due to the existence of a a great deal of publishers in the Chinese market and the market saturation, the buyers needs high quality documents at competitive costs.
Competitors Analysis.
CMP operates in an extremely competitive industry with the presence of a great deal of competitors. However, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Solution include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close competitors of CMP. Established in the same period, CIP releases comparable kind of books. For a big time period, CIP held the largest market share, and still ranks third and second in various market segments, with a major focus on instructional publications. CIP serves as a risk for CMP as it might wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and could wean the market share of Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Help easily in the existing market situation.
Posts and telecommunication Press (PTP).
It was also established in the same period as Taking A Therapeutic Approach To Juvenile Offenders The Missouri Model 2 Case Study Solution and CIP. It is also one of the prominent players in the publishing industry with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing dependence over the Chinese markets.
• Increasing number of Consumers
• Development opportunities.
• Preventing the impact of market saturation in the Chinese publishing industry.
Cons
• Usage of possible resources in expansion.
• Risk of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to introduce utilizing present capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio offers high value to clients.
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 new one can lead the company to lose demand of its items in the market.
Recommendations
With the deep analysis of the external and internal environment of the company along with the market analysis and the competitor analysis, Alternative 2 is suggested to CMP to achieve its future advancement. As the choices are moving towards digital publishing and the company require an instant solution to prevent the declining market development. Intro of digital publishing could prove to be an instant solution with low amount of threat for the company. The business could likewise think about the expansion program after the success of its digital publishing program.
Application
In order to present digital publishing in its product portfolio, the business needs to initially gathers the information related to the customer demand, the prospective markets, the federal government regulations and the information related to the competitors provided in the market. If the initial offering proves a success, the business should go for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
The development of the publishing industry is decreasing because 2008, showing a danger to the business's long term presence, however the scenario can be managed by thinking about an advancement plan in the future. The business might consider introducing digital publishingin its existing market to implement its advancement program at instant basis and to prevent the danger of failure for entrance in the brand-new markets.
