The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution and Analysis
Intro
The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution is the biggest publishing company with a greatest market share in the China's book retail market. CMP has actually become a specialized information company and a large detailed Science and Technology publishing company through the combination of print media, audio-visual media and the network media.
Important Issues
CMP has spent its 60 years journey efficiently, being a successful publishing home, nevertheless, the altering macro market patterns and forces bring particular challenges to the publishing market in basic and The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution in particular. These aspects consist of;
• Entryway of the brand-new publishing companies in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Enhancement of science and technology.
The improvement of the macro markets have raised a number of 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 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
The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution has certain strengths that can be made use of to reduce the hazards, get rid of the weak point and get the opportunities. Strengths of CMP are provided as follows;
• The long term experience of The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Analysis in the publishing market i.e. 60 years permits the company to provide high quality items at a lower cost using its prior experiences.
• The technical resources and abilities produced by its effective journey provide a competitive benefit to CMP.
• Vast item portfolioof CMP helps it to diversify its risk and supply high value to its consumers.
• Strong monetary position enables the business to think about several development chances without any worry of raising fund externally.
Weak points
Together with the strengths, the company has particular weak points which could increase constraints for the company in implementing its development program. The weaknesses of The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Help are given as follows;
• Despite of being a science and innovation publishing company, the business still has traditional methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It must propose specific expansion plans to prevent its reliance over the Chinese markets to accomplish long term growth.
Opportunities
The development of the publishing market is decreasing given that 2008, affecting The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Help as well, however the development could be revived by availing particular chances provided in the market. The market chances for CMP include;
• The business could also present Digital Publishing by utilizing its long term technical experience and a strong consumer acknowledgment in the market.
• CMP could consider an advancement program through the growth towards foreign markets in order to decrease its reliance over Chinese markets by utilizing its huge financial resources.
Risks
The altering macro patterns in the market and increasing competitors in the publishing market has posed specific threats to The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Analysis consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might cause decreasing market share of The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution due to the customer shift towards virtual libraries.
• The presence of a great deal of competitors in the publishing industry increase the risk for CMP to lose its competitive position in the market, as rivals can gain a strong customer base by utilizing certain strategies like aggressive promotion, quality products, etc.
• Entrance of new publishing companies in the industry together with existence of high competitors increases the risk of losing the consumer base.
Financial Analysis.
The company has a rather competitive monetary efficiency. Due to absence of information, the monetary ratios of CMP could not be determined. The overall financial efficiency of the business might be analyzed by utilizing the graphs given in the case Appendices. It might be evaluated from the Appendix III that the annual overall earnings of CMP throughout the period 2000-2012 are growing at a high development rate, revealing that the annual need of the items of The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Analysis is growing and the company is quite effective in attracting a large number of consumers at a prospective cost.
Together with it, the 2nd graph which reveals the annual development in the The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Analysis overall properties, shows that the company is quite efficient in adding value to its properties through its revenues. The growth in properties shows that the overall worth of the company is also increasing with increasing the total earnings. (Unknown, 2013).
Another financial analysis of the company utilizing the given information might be the analysis relating to the circulation of overall incomes of the business. Major part of the revenues of CMP comes from the sales of its released books i.e. 64% as displayed in the Case Appendix V. The company could move towards other organisation sections with a possible development to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis could be carried out to discover the numerous external forces impacting the efficiency of the company and the recent patterns in the external environment of the company. A short PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a significant effect on the state of mind of the people about the communist ideology of the government, for that reason, the publishing sector is highly monitored and guided by the Promotion Department of the Communist Party of China. Therefore, it could be said that the overall political forces affecting The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution company are high. The government policies regarding the publishing sector are likewise increasing with the passage of time.
Economical.
Economic forces impacting the publishing sector in basic and the The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Analysis in particular includesthe costs of paper, the earnings level of consumers, the inflation rate, and the total GDP development of the nation. All these forces combine effect the need for the publishing market. In addition to it, the economic policies associated with the import of books affect the total company at CPM. Nevertheless, China's economic conditions are quite beneficial for CMP with high GDP growth and customer income level.
Social and Demographical.
The consumer preferences are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP should focus on digital publishing to satisfy the altering consumer choices.
Technological.
Technological forces affecting the CMP consist of the technological advancement in the reading methods etc. Enhancement of science and technology together with the rise of digital publishing might minimize the need for the CMP products, if specific actions would not be taken quickly.
Environmental.
Ecological forces affecting The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Help includes the concerns of environmental communities 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 utilized while publishing needs to not be hazardous for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Regulation 1997 requires the publishers to be authorized initially by the Federal government to be entered in the publishing market.
Industry Analysis (Porter's 5 Forces Design).
Porter's Five Forces Design could be used to analyze the beauty of the publishing market China. A quick analysis of the Porter's Five Forces is offered as follows;.
Hazard of New Entrants.
Risks of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the industry tends to draw in brand-new entrants to the publishing market. The existence of intense competitors and the requirement of substantial capital tends to demotivate new entrants to go into in the market.
Threat of Substitution.
Hazard of Alternative is high for the Chinese Publishing Market. The alternative items for the released files is the documents provided in the digital libraries on certain sites. The changing customer preferences towards digital learning increase the threat of replacement for the market.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Industry like CIP, PTP and so on tends to produce high competitive competition for CMP. In addition to it, new entrants are likewise participating in the market increasing the competition for CMP.
Bargaining Power of Provider.
The major suppliers of the The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Help include the providers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the general bargaining power of supplier for CMP is low.
Bargaining Power of Buyer.
Negotiating power of purchaser in the publishing market is high. Due to the presence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality files at competitive rates.
Rivals Analysis.
CMP operates in an extremely competitive industry with the existence of large number of competitors. Nevertheless, the business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close rivals of CMP. Established in the exact same period, CIP releases similar kind of books. For a big time period, CIP held the largest market share, and still ranks third and second in various market sectors, with a significant concentrate on academic 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 might wean the market share of The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Analysis quickly in the present market circumstance.
Posts and telecommunication Press (PTP).
It was also founded in the very same duration as The Aquaculture Industry In The Philippines Creating Social Values At Marina Gana Vida 2 Case Study Solution and CIP. It is likewise one of the popular players in the publishing market with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Consumers
• Development chances.
• Avoiding the impact of market saturation in the Chinese publishing industry.
Cons
• Use 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 existing abilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high worth to clients.
Cons
• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core service sections to the new one can lead the business to lose need of its items in the market.
Suggestions
With the deep analysis of the external and internal environment of the company in addition to the market analysis and the competitor analysis, Alternative 2 is recommended to CMP to accomplish its future advancement. As the choices are moving towards digital publishing and the business need an instant solution to avoid the declining industry growth. Introduction of digital publishing might prove to be an instant solution with low amount of danger for the business. The company might likewise consider the growth program after the success of its digital publishing program.
Application
In order to present digital publishing in its item portfolio, the business should initially gathers the information connected to the consumer demand, the potential markets, the government policies and the data associated with the rivals presented in the market. After that, the business needs to decide one potential sector for its preliminary offering. It ought to collect research study that how it might distinguish its digital publishing from the existing competitors' products. The steps above the company must go for the initial offering. The company needs to go for the other markets if the preliminary offering proves a success. In this method the company would have the ability to execute its digital publishing program.
Conclusion
Although, the development of the publishing industry is declining considering that 2008, revealing a hazard to the company's long term existence, however the scenario can be controlled by considering a development plan in the future. The company might think about introducing digital publishingin its existing market to implement its development program at instant basis and to prevent the danger of failure for entryway in the brand-new markets.
