Telemonitoring At Visiting Nurse Health System 2 Case Study Solution and Analysis
Intro
Telemonitoring At Visiting Nurse Health System 2 Case Study Analysis is the largest publishing company with a greatest market share in the China's book retail market. CMP supplies a variety of services including; collecting info, processing information and communication services. Major organisation sectors of the company consist of; books, regulars, consultancy and circulation. The business has a large item portfolio and its significant products include books, regulars, online media, exhibitions, research study reports etc. Telemonitoring At Visiting Nurse Health System 2 Case Study Solution has actually become a specialized details provider and a big thorough Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Critical Issues
Although, Telemonitoring At Visiting Nurse Health System 2 Case Study Help has spent its 60 years journey efficiently, being an effective publishing home, nevertheless, the altering macro market patterns and forces bring certain difficulties to the publishing market in general and CMP in particular. These factors consist of;
• Entryway of the new publishing companies in the industry.
• Decreasing development of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Enhancement of science and innovation.
The change of the macro markets have raised a number of 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 advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Telemonitoring At Visiting Nurse Health System 2 Case Study Solution has certain strengths that can be used to lower the dangers, get rid of the weak point and get the chances. Strengths of CMP are given as follows;
• The long term experience of Telemonitoring At Visiting Nurse Health System 2 Case Study Solution in the publishing market i.e. 60 years permits the business to supply high quality products at a lower cost utilizing its prior experiences.
• The technical resources and abilities generated by its effective journey offer a competitive advantage to CMP.
• Huge product portfolioof CMP helps it to diversify its risk and provide high worth to its customers.
• Strong monetary position allows the company to think about several development opportunities without any fear of raising fund externally.
Weak points
Together with the strengths, the company has specific weak points which could increase restraints for the company in implementing its advancement program. The weak points of Telemonitoring At Visiting Nurse Health System 2 Case Study Analysis are provided as follows;
• Despite of being a science and technology publishing company, the business still has standard methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It ought to propose certain growth strategies to prevent its dependence over the Chinese markets to achieve long term development.
Opportunities
Although, the growth of the publishing market is decreasing given that 2008, impacting Telemonitoring At Visiting Nurse Health System 2 Case Study Analysis also, however the development might be revived by availing certain chances provided in the market. The marketplace opportunities for CMP consist of;
• The company could likewise present Digital Publishing by utilizing its long term technical experience and a strong consumer acknowledgment in the market.
• CMP could consider a development program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by utilizing its huge funds.
Threats
The changing macro patterns in the market and increasing competition in the publishing industry has presented particular dangers to Telemonitoring At Visiting Nurse Health System 2 Case Study Solution consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries could lead to decreasing market share of Telemonitoring At Visiting Nurse Health System 2 Case Study Solution due to the consumer shift towards digital libraries.
• The existence of large number of competitors in the publishing market increase the threat for CMP to lose its competitive position in the market, as competitors can get a strong consumer base by utilizing particular methods like aggressive promo, quality products, and so on
• Entryway of brand-new publishing firms in the industry together with existence of high competitors increases the hazard of losing the customer base.
Financial Analysis.
The business has a quite competitive financial performance. Due to absence of information, the monetary ratios of CMP could not be calculated. The total financial efficiency of the company might be evaluated by using the graphs given in the case Appendices. It might be examined from the Appendix III that the yearly overall incomes of CMP during the duration 2000-2012 are growing at a high growth rate, showing that the yearly need of the products of Telemonitoring At Visiting Nurse Health System 2 Case Study Help is growing and the company is rather effective in attracting a large number of clients at a potential price.
Together with it, the 2nd graph which reveals the annual growth in the Telemonitoring At Visiting Nurse Health System 2 Case Study Help overall properties, reveals that the company is rather effective in adding value to its possessions through its incomes. The development in properties reveals that the overall value of the firm is likewise increasing with increasing the total profits. (Unknown, 2013).
Another financial analysis of the company using the provided data could be the analysis relating to the distribution of total earnings of the business. Huge part of the revenues 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 service sections with a possible growth to accomplish its future development objective.
PESTEL Analysis
PESTEL analysis could be carried out to learn the different external forces affecting the efficiency of the company and the current trends in the external environment of the business. A quick PESTEL analysis of the business is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable impact on the state of mind of the people about the communist ideology of the federal government, therefore, the publishing sector is highly supervised and guided by the Publicity Department of the Communist Party of China. For that reason, it could be stated that the general political forces impacting Telemonitoring At Visiting Nurse Health System 2 Case Study Solution business are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.
Economical.
Economic forces impacting the publishing sector in general and the CMP in specific includesthe costs of paper, the income level of consumers, the inflation rate, and the overall GDP development of the country. All these forces integrate effect the demand for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population development, the customer's preferences towards reading informative products and so on. China has the highest population in the world with a high population growth, revealing the increasing number of customers of the Telemonitoring At Visiting Nurse Health System 2 Case Study Help. Nevertheless, the customer choices are moving towards digital publishing instead of the traditional was of publishing. In this regard, CMP should focus on digital publishing to meet the changing customer preferences.
Technological.
Technological forces affecting the CMP consist of the technological improvement in the reading strategies etc. Improvement of science and technology in addition to the increase of digital publishing might lower the need for the CMP products, if particular actions would not be taken quickly.
Environmental.
Environmental forces impacting Telemonitoring At Visiting Nurse Health System 2 Case Study Solution consists of the concerns of ecological neighborhoods over the use of paper in publishing books. The paper used in the books while publishing is needed to be disposable and the ink utilized while publishing ought to not be damaging for the environment.
Legal.
Legal guidelines 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.
Market Analysis (Porter's Five Forces Model).
Porter's 5 Forces Design might be used to examine the beauty of the publishing market China. A short analysis of the Porter's 5 Forces is provided as follows;.
Risk of New Entrants.
Risks of new entrants in the Chinese Publishing Industry is moderate. The potential growth in the market tends to draw in brand-new entrants to the publishing market. Nevertheless, the presence of extreme competition and the requirement of big capital tends to demotivate brand-new entrants to go into in the market.
Danger of Substitution.
Danger of Replacement is high for the Chinese Publishing Industry. The replacement products for the released documents is the documents provided in the virtual libraries on specific sites. The changing consumer choices towards digital knowing increase the threat of substitution for the market.
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, brand-new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The major providers of the Telemonitoring At Visiting Nurse Health System 2 Case Study Solution 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 buyer 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 documents at competitive costs.
Competitors Analysis.
CMP runs in an extremely competitive market with the presence of large number of competitors. However, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major competitors of Telemonitoring At Visiting Nurse Health System 2 Case Study Analysis consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIP acts as a danger 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 situation.
Posts and telecommunication Press (PTP).
It was also established in the same period as Telemonitoring At Visiting Nurse Health System 2 Case Study Analysis and CIP. It is likewise one of the popular gamers in the publishing market with an annual total incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Decreasing reliance over the Chinese markets.
• Increasing variety of Clients
• Development opportunities.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Use of potential resources in expansion.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to introduce using present capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio provides high worth to consumers.
Cons
• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core company sectors to the brand-new one can lead the company to lose demand of its items in the market.
Recommendations
As the choices are moving towards digital publishing and the company need an immediate option to avoid the decreasing industry development. The business might also think about the expansion program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its product portfolio, the company should first collects the information related to the customer need, the prospective markets, the federal government guidelines and the information related to the competitors presented in the market. If the preliminary offering shows a success, the business should go for the other markets. In this method the business would be able to implement its digital publishing program.
Conclusion
The growth of the publishing industry is decreasing since 2008, showing a risk to the business's long term presence, however the situation can be controlled by thinking about a development plan in the future. The business might consider presenting digital publishingin its existing market to implement its development program at instant basis and to avoid the threat of failure for entrance in the new markets.
