Technology Innovations In K 12 Education Case Study Solution and Analysis
Introduction
Technology Innovations In K 12 Education Case Study Solution is the biggest publishing business with a greatest market share in the China's book retail market. CMP has ended up being a specialized details provider and a large thorough Science and Innovation publishing company through the integration of print media, audio-visual media and the network media.
Important Problems
Although, Technology Innovations In K 12 Education Case Study Help has invested its 60 years journey efficiently, being an effective publishing house, however, the altering macro market patterns and forces bring certain obstacles to the publishing market in basic and CMP in particular. These aspects consist of;
• Entryway of the brand-new publishing firms in the industry.
• Decreasing growth of the publishing market.
• Market saturation.
• Intro of digital publishing methods
• Enhancement of science and technology.
The transformation of the macro markets have raised numerous concerns 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 made use of to strive for the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Technology Innovations In K 12 Education Case Study Solution has specific strengths that can be made use of to lower the hazards, overcome the weakness and get the opportunities. Strengths of CMP are given as follows;
• The long term experience of Technology Innovations In K 12 Education Case Study Help in the publishing industry i.e. 60 years enables the company to offer high quality items at a lower cost utilizing its prior experiences.
• The technical resources and abilities generated by its effective journey supply a competitive advantage to CMP.
• Large product portfolioof CMP helps it to diversify its threat and offer high value to its clients.
• Strong monetary position permits the company to consider numerous advancement chances with no worry of raising fund externally.
Weaknesses
Together with the strengths, the business has particular weaknesses which could increase restraints for the business in implementing its advancement program. The weak points of Technology Innovations In K 12 Education Case Study Solution 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 growth. It needs to propose particular growth plans to avoid its dependence over the Chinese markets to achieve long term development.
Opportunities
The development of the publishing industry is declining considering that 2008, impacting Technology Innovations In K 12 Education Case Study Analysis as well, but the development could be revived by availing certain opportunities provided in the market. The market chances 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 think about a development program through the growth towards foreign markets in order to lower its dependence over Chinese markets by utilizing its huge funds.
Hazards
The changing macro patterns in the market and increasing competition in the publishing industry has actually postured particular risks to Technology Innovations In K 12 Education Case Study Analysis including;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries could lead to decreasing market share of Technology Innovations In K 12 Education Case Study Help due to the consumer shift towards digital libraries.
• The presence of large number of competitors in the publishing market increase the hazard for CMP to lose its competitive position in the market, as competitors can get a strong customer base by using specific methods like aggressive promo, quality items, etc.
• Entryway of brand-new publishing firms in the industry along with presence of high competition increases the hazard of losing the customer base.
Financial Analysis.
Due to absence of information, the monetary ratios of CMP could not be computed. It could be evaluated from the Appendix III that the annual overall profits of Technology Innovations In K 12 Education Case Study Help during the period 2000-2012 are growing at a high development rate, revealing that the annual need of the products of CMP is growing and the company is quite efficient in attracting a big number of customers at a prospective cost.
Along with it, the 2nd graph which shows the yearly growth in the Technology Innovations In K 12 Education Case Study Help total properties, shows that the company is rather effective in adding worth to its possessions through its revenues. The growth in assets shows that the total worth of the firm is also increasing with increasing the total earnings. (Unknown, 2013).
Another monetary analysis of the company utilizing the given data might be the analysis concerning the distribution of overall incomes of the business. Huge part of the profits of CMP comes from the sales of its released books i.e. 64% as displayed in the Case Appendix V. The business could move towards other business sections with a possible development to attain its future development objective.
PESTEL Analysis
PESTEL analysis could be performed to learn the various external forces affecting the efficiency of the business and the recent 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 significant influence on the state of mind of the people about the communist ideology of the federal government, therefore, the publishing sector is extremely monitored and directed by the Promotion Department of the Communist Celebration of China. It could be said that the total political forces affecting CMP service are high. The federal government policies relating to the publishing sector are also increasing with the passage of time.
Cost-effective.
Economic forces impacting the publishing sector in general and the Technology Innovations In K 12 Education Case Study Solution in specific includesthe prices of paper, the earnings level of consumers, the inflation rate, and the total GDP growth of the nation. All these forces integrate effect the need for the publishing market. Along with it, the economic policies connected to the import of books affect the total company at CPM. China's economic conditions are quite beneficial for CMP with high GDP growth and consumer income level.
Social and Demographical.
The consumer preferences are shifting towards digital publishing rather than the standard was of publishing. In this regard, CMP should focus on digital publishing to meet the altering consumer preferences.
Technological.
Technological forces affecting the CMP include the technological development in the reading techniques etc. Enhancement of science and technology in addition to the rise of digital publishing could minimize the demand for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces affecting Technology Innovations In K 12 Education Case Study Help consists of the issues of environmental neighborhoods over the usage of paper in publishing books. The paper utilized in the books while publishing is needed to be non reusable 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 needs the publishers to be approved first by the Federal government to be gone into in the publishing market.
Market Analysis (Porter's Five Forces Design).
Porter's Five Forces Model might be used to evaluate the attractiveness of the publishing industry China. A short analysis of the Porter's 5 Forces is given as follows;.
Threat of New Entrants.
Hazards of new entrants in the Chinese Publishing Market is moderate. The prospective development in the industry tends to attract brand-new entrants to the publishing market. Nevertheless, the presence of extreme competition and the requirement of substantial capital tends to demotivate brand-new entrants to go into in the marketplace.
Danger of Replacement.
Hazard of Alternative is high for the Chinese Publishing Industry. The substitute products for the published documents is the files presented in the digital libraries on particular websites. The changing consumer choices towards digital knowing increase the threat of replacement for the market.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive rivalry for CMP. In addition to it, brand-new entrants are likewise participating in the market increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant providers of the Technology Innovations In K 12 Education Case Study Help consist of the suppliers 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 Buyer.
Haggling 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 market saturation, the buyers requires high quality files at competitive costs.
Competitors Analysis.
CMP runs in a highly competitive industry with the presence of a great deal of competitors. However, the business has a competitive position in the market with the highest market share in the Chinese publishing market. Major rivals of Technology Innovations In K 12 Education Case Study Analysis include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis one of the close competitors of CMP. Established in the same period, CIP publishes similar kind of books. For a large time period, CIP held the biggest market share, and still ranks second and 3rd in numerous market segments, with a significant concentrate on educational publications. 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 Technology Innovations In K 12 Education Case Study Analysis easily in the current market circumstance.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was likewise established in the same period as CMP and CIP. It ranks 6th in the state-owned publishers in terms of organisation scale. It is likewise among the popular players in the publishing market with a yearly overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Clients
• Development chances.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of possible resources in growth.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to introduce utilizing current abilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased item portfolio provides high value to consumers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation sectors to the brand-new one can lead the business to lose demand of its items in the market.
Suggestions
As the choices are moving towards digital publishing and the company require an instant option to prevent the declining market development. The business could also consider the growth program after the success of its digital publishing program.
Implementation
In order to introduce digital publishing in its item portfolio, the company must initially collects the information associated with the customer need, the prospective markets, the government regulations and the data associated with the rivals provided in the market. After that, the company must choose one potential sector for its preliminary offering. It should gather research study that how it could distinguish its digital publishing from the existing competitors' items. After all the steps above the business must go for the initial offering. The business needs to go for the other markets if the preliminary offering proves a success. In this method the business would have the ability to execute its digital publishing program.
Conclusion
The development of the publishing industry is decreasing given that 2008, revealing a threat to the business's long term presence, but the situation can be managed by thinking about a development strategy in the future. The business could consider introducing digital publishingin its existing market to execute its development program at instant basis and to prevent the risk of failure for entryway in the new markets.
