Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Solution and Analysis
Introduction
Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Analysis is the largest publishing business with a greatest market share in the China's book retail market. CMP offers a variety of services including; collecting information, processing info and communication services. Major business sections of the business consist of; books, periodicals, consultancy and distribution. The company has a large product portfolio and its major products consist of books, periodicals, online media, exhibitions, research reports etc. Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Help has actually ended up being a specialized info supplier and a large detailed Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Crucial Concerns
Although, Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Analysis has spent its 60 years journey efficiently, being a successful publishing house, however, the altering macro market patterns and forces bring particular challenges to the publishing industry in general and CMP in specific. These elements include;
• Entryway of the new publishing companies in the market.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• Improvement of science and innovation.
The transformation of the macro markets have raised several concerns to the management at CPM that what could be the future of CMP in this scenario? Do the long valuable experience, technical resources and the capabilities of the business could be made use of 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
Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Solution has specific strengths that can be utilized to lower the dangers, conquer the weak point and get the chances. Strengths of CMP are provided as follows;
• The long term experience of Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Help in the publishing industry i.e. 60 years allows the business to supply high quality products at a lower cost utilizing its previous experiences.
• The technical resources and capabilities produced by its effective journey supply a competitive benefit to CMP.
• Vast product portfolioof CMP helps it to diversify its danger and provide high value to its customers.
• Strong financial position allows the company to consider several development chances with no fear of raising fund externally.
Weaknesses
Along with the strengths, the company has particular weaknesses which might increase restrictions for the company in executing its development program. The weaknesses of Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Analysis are provided as follows;
• Despite of being a science and innovation publishing company, the business still has traditional ways ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It should propose particular expansion plans to avoid its reliance over the Chinese markets to achieve long term growth.
Opportunities
The development of the publishing industry is decreasing since 2008, affecting Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Help as well, however the development could be restored by availing certain opportunities provided in the market. The market opportunities for CMP include;
• The business could also present Digital Publishing by using its long term technical experience and a strong customer acknowledgment in the market.
• CMP could consider an advancement program through the growth towards foreign markets in order to reduce its reliance over Chinese markets by using its huge funds.
Dangers
The altering macro trends in the market and increasing competitors in the publishing market has actually posed certain threats to Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Help consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might cause declining market share of Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Analysis due to the consumer shift towards digital libraries.
• The presence of a great deal of rivals in the publishing industry increase the hazard for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by using specific strategies like aggressive promo, quality items, etc.
• Entrance of new publishing companies in the industry in addition to existence of high competitors increases the danger of losing the client base.
Financial Analysis.
Due to lack of data, the financial ratios of CMP might not be computed. It might be examined from the Appendix III that the annual total revenues of Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Analysis throughout the period 2000-2012 are growing at a high development rate, showing that the annual demand of the products of CMP is growing and the business is rather effective in drawing in a large number of clients at a potential rate.
Together with it, the second chart which reveals the annual growth in the Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Help overall possessions, reveals that the company is quite effective in including value to its possessions through its profits. The development in possessions shows that the total worth of the firm is also increasing with increasing the total revenues. (Unknown, 2013).
Another monetary analysis of the business using the offered data might be the analysis relating to the circulation of total profits of the business. Huge part of the profits of CMP comes from the sales of its released books i.e. 64% as shown in the Case Appendix V. The business could move towards other service segments with a prospective development to achieve its future development objective.
PESTEL Analysis
PESTEL analysis could be performed to find out the different external forces affecting the efficiency of the business and the current trends in the external environment of the company. A brief PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable impact on the mindset of individuals about the communist ideology of the government, therefore, the publishing sector is extremely monitored and assisted by the Promotion Department of the Communist Celebration of China. Therefore, it might be said that the overall political forces impacting Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Solution company are high. The government policies relating to the publishing sector are also increasing with the passage of time.
Cost-effective.
Financial forces affecting the publishing sector in general and the Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Solution in specific includesthe costs of paper, the earnings level of customers, the inflation rate, and the general GDP development of the country. All these forces combine effect the need for the publishing market. In addition to it, the economic policies associated with the import of books impact the total organisation at CPM. China's financial conditions are quite favorable for CMP with high GDP development and consumer earnings level.
Social and Demographical.
The customer preferences are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP needs to focus on digital publishing to meet the altering customer choices.
Technological.
Technological forces impacting the CMP include the technological development in the reading strategies and so on. Improvement of science and technology together with the rise of digital publishing could decrease the need for the CMP items, if specific actions would not be taken soon.
Environmental.
Environmental forces affecting Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Solution includes the issues of environmental neighborhoods over the usage of paper in publishing books. The paper used in the books while publishing is needed to be non reusable and the ink used while publishing needs to not be damaging for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal regulations regarding the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 requires the publishers to be approved first by the Government to be entered in the publishing market. The regulation prohibits direct involvement of foreign entities and people in the publishing sector.
Market Analysis (Porter's 5 Forces Design).
Porter's Five Forces Design might be utilized to evaluate the attractiveness of the publishing industry China. A brief analysis of the Porter's Five Forces is offered as follows;.
Risk of New Entrants.
Dangers of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the industry tends to attract new entrants to the publishing industry. The presence of intense competition and the requirement of huge capital tends to demotivate brand-new entrants to enter in the market.
Risk of Substitution.
Threat of Substitution is high for the Chinese Publishing Market. The replacement items for the published files is the files provided in the digital libraries on particular websites. The changing consumer preferences towards digital knowing increase the danger of replacement for the industry.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The existence of a great deal of customers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive competition for CMP. In addition to it, new entrants are likewise participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant providers of the Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Analysis include the providers of the paper for releasing files. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the total 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 presence of a large number of publishers in the Chinese market and the market saturation, the purchasers needs high quality files at competitive rates.
Competitors Analysis.
CMP runs in an extremely competitive industry with the presence of a great deal of rivals. The company has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of Target Systems Challenges And Opportunities In The Electronic Health Information System Arena 3 Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market 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 could wean the market share of CMP quickly in the current market circumstance.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was also founded in the exact same duration as CMP and CIP. It ranks 6th in the state-owned publishers in regards to organisation scale. It is likewise one of the prominent players in the publishing market with a yearly overall earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Lowering dependence over the Chinese markets.
• Increasing number of Clients
• Development chances.
• Preventing the impact of market saturation in the Chinese publishing industry.
Cons
• Use of prospective resources in growth.
• Threat of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce using present capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio offers high worth to clients.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation sectors to the new one can lead the business to lose demand of its products in the market.
Recommendations
As the preferences are moving towards digital publishing and the business need an immediate option to avoid the declining market development. The business might likewise think about the growth program after the success of its digital publishing program.
Implementation
In order to introduce digital publishing in its product portfolio, the business should initially gathers the data connected to the consumer need, the potential markets, the federal government guidelines and the data associated with the competitors provided in the market. After that, the business ought to choose one potential section for its preliminary offering. It should collect research study that how it could separate its digital publishing from the existing rivals' items. After all the steps above the company must go for the preliminary offering. The business ought to go for the other markets if the initial offering proves a success. In this method the company would be able to implement its digital publishing program.
Conclusion
Although, the development of the publishing market is declining considering that 2008, showing a hazard to the business's long term existence, but the scenario can be controlled by considering an advancement strategy in the future. The company could think about introducing digital publishingin its existing market to implement its advancement program at immediate basis and to prevent the risk of failure for entryway in the new markets.
