The Armenia Earthquake Case Study Solution and Analysis
Introduction
The Armenia Earthquake Case Study Analysis is the largest publishing company with a highest market share in the China's book retail market. CMP offers a variety of services including; collecting info, processing information and communication services. Major service sections of the company include; books, regulars, consultancy and distribution. The company has a vast item portfolio and its significant products include books, regulars, online media, exhibitions, research study reports and so on. The Armenia Earthquake Case Study Solution has become a specialized details supplier and a large thorough Science and Innovation publishing company through the integration of print media, audio-visual media and the network media.
Crucial Issues
CMP has actually invested its 60 years journey efficiently, being an effective publishing home, however, the changing macro market patterns and forces bring certain challenges to the publishing market in basic and The Armenia Earthquake Case Study Solution in particular. These elements consist of;
• Entrance of the new publishing firms in the industry.
• Declining growth of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Improvement of science and innovation.
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 scenario? Do the long valuable experience, technical resources and the capabilities of the company 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
The Armenia Earthquake Case Study Analysis has certain strengths that can be made use of to decrease the threats, get rid of the weak point and avail the opportunities. Strengths of CMP are given as follows;
• The long term experience of The Armenia Earthquake Case Study Analysis in the publishing industry i.e. 60 years enables the company to provide high quality products at a lower expense utilizing its previous experiences.
• The technical resources and abilities generated by its successful journey provide a competitive advantage to CMP.
• Large product portfolioof CMP helps it to diversify its danger and offer high value to its consumers.
• Strong financial position allows the business to consider a number of development opportunities with no fear of raising fund externally.
Weak points
Together with the strengths, the company has particular weak points which could increase restraints for the business in implementing its development program. The weak points of The Armenia Earthquake Case Study Solution are given as follows;
• Despite of being a science and technology publishing company, the business still has standard ways ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It should propose certain expansion strategies to prevent its reliance over the Chinese markets to achieve long term growth.
Opportunities
Although, the growth of the publishing industry is declining because 2008, affecting The Armenia Earthquake Case Study Solution as well, however the development could be restored by availing specific chances presented in the market. The marketplace opportunities for CMP consist of;
• The business might likewise introduce 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 minimize its dependence over Chinese markets by using its huge funds.
Risks
The changing macro patterns in the market and increasing competition in the publishing industry has actually posed specific dangers to The Armenia Earthquake Case Study Analysis including;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries might cause decreasing market share of The Armenia Earthquake Case Study Analysis due to the customer shift towards digital libraries.
• The presence of large number of rivals in the publishing market increase the hazard for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by using specific methods like aggressive promo, quality products, etc.
• Entrance of new publishing firms in the industry together with existence of high competitors increases the danger of losing the client base.
Financial Analysis.
Due to lack of data, the financial ratios of CMP could not be determined. It could be evaluated from the Appendix III that the annual total revenues of The Armenia Earthquake Case Study Help during the period 2000-2012 are growing at a high growth rate, showing that the annual demand of the items of CMP is growing and the company is rather effective in bring in a big number of clients at a possible rate.
In addition to it, the 2nd chart which shows the annual development in the The Armenia Earthquake Case Study Solution total assets, reveals that the company is quite efficient in including worth to its possessions through its revenues. The development in properties reveals that the overall value of the company is also increasing with increasing the total incomes. (Unidentified, 2013).
Another financial analysis of the company using the provided data might be the analysis regarding the distribution of total earnings of the business. Huge part of the incomes of CMP comes from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company could move towards other organisation segments with a prospective development to achieve its future advancement goal.
PESTEL Analysis
PESTEL analysis could be performed to find out the different external forces affecting the performance of the business and the recent trends in the external environment of the business. A quick PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial influence on the frame of mind of the people about the communist ideology of the government, therefore, the publishing sector is extremely supervised and guided by the Publicity Department of the Communist Celebration of China. It could be said that the overall political forces affecting CMP service are high. The federal government policies concerning the publishing sector are also increasing with the passage of time.
Cost-effective.
Economic forces affecting 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 growth of the country. All these forces integrate impact the need for the publishing market.
Social and Demographical.
The customer choices are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP should focus on digital publishing to satisfy the changing customer preferences.
Technological.
Technological forces affecting the CMP include the technological improvement in the reading methods and so on. Improvement of science and technology together with the increase of digital publishing could decrease the demand for the CMP items, if specific actions would not be taken quickly.
Environmental.
Environmental forces affecting The Armenia Earthquake Case Study Solution consists of the issues of ecological communities over the use of paper in publishing books. The paper utilized in the books while publishing is required to be non reusable and the ink used while publishing must not be hazardous for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. Publishing Regulation 1997 requires the publishers to be authorized first by the Federal government to be gone into in the publishing market.
Industry Analysis (Porter's 5 Forces Model).
Porter's Five Forces Design could be utilized to analyze the appearance of the publishing market China. A quick analysis of the Porter's Five Forces is given as follows;.
Danger of New Entrants.
Risks of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the market tends to draw in new entrants to the publishing industry. The existence of extreme competitors and the requirement of huge capital tends to demotivate new entrants to enter in the market.
Danger of Replacement.
Danger of Substitution is high for the Chinese Publishing Market. The alternative items for the released documents is the files presented in the digital libraries on particular websites. The changing customer choices towards digital learning increase the risk of replacement for the market.
Competitive Competition.
Competitive rivalry in the publishing market is high. The presence of a great deal of consumers in the Chinese Publishing Industry like CIP, PTP and so on tends to produce high competitive competition for CMP. In addition to it, brand-new entrants are also participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant providers of the The Armenia Earthquake Case Study Solution include the providers of the paper for publishing documents. As CMP is the largest publisher in the Chinese Publishing Market, for that reason the total bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
Bargaining power of buyer in the publishing market is high. Due to the existence of a a great deal of publishers in the Chinese market and the marketplace saturation, the purchasers requires high quality files at competitive prices.
Competitors Analysis.
CMP runs in an extremely competitive industry with the presence of a great deal of competitors. The company has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of The Armenia Earthquake Case Study Help consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close rivals of CMP. Founded in the same duration, CIP publishes similar type of books. For a big period, CIP held the biggest market share, and still ranks second and third in different market segments, with a significant focus on instructional publications. CIP functions as a hazard for CMP as it might wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and might wean the marketplace share of The Armenia Earthquake Case Study Help quickly in the existing market situation.
Posts and telecommunication Press (PTP).
It was also founded in the same duration as The Armenia Earthquake Case Study Solution and CIP. It is also one of the popular gamers in the publishing industry with a yearly overall profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Lowering reliance over the Chinese markets.
• Increasing variety of Customers
• Growth chances.
• Avoiding the effect of market saturation in the Chinese publishing market.
Cons
• Use of prospective resources in growth.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching new markets.
• Easy to introduce utilizing current abilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased product portfolio provides high value to consumers.
Cons
• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core company sections to the new one can lead the company to lose need of its products in the market.
Recommendations
As the choices are shifting towards digital publishing and the company require an immediate service to avoid the decreasing industry growth. The business might also think about the growth program after the success of its digital publishing program.
Execution
In order to present digital publishing in its item portfolio, the company must initially collects the information connected to the consumer need, the prospective markets, the government guidelines and the information associated with the rivals provided in the market. After that, the company needs to choose one potential section for its initial offering. It ought to collect research that how it could distinguish its digital publishing from the existing rivals' items. The actions above the business must go for the initial offering. If the initial offering proves a success, the company needs to go for the other markets. In this way the business would be able to implement its digital publishing program.
Conclusion
The development of the publishing industry is decreasing given that 2008, showing a hazard to the company's long term existence, but the scenario can be controlled by thinking about an advancement plan in the future. The business might think about 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 new markets.
