The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution and Analysis
Intro
The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Analysis is the biggest publishing business with a highest market share in the China's book retail market. CMP offers a number of services including; gathering information, processing info and interaction services. Major business segments 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 reports etc. The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution has become a specialized info provider and a big comprehensive Science and Innovation publishing company through the combination of print media, audio-visual media and the network media.
Critical Concerns
CMP has invested its 60 years journey efficiently, being an effective publishing home, however, the altering macro market trends and forces bring particular challenges to the publishing industry in basic and The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution in particular. These aspects consist of;
• Entrance of the new publishing companies in the industry.
• Decreasing development of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• Enhancement of science and innovation.
The change of the macro markets have raised several concerns to the management at CPM that what could be the future of CMP in this circumstance? Do the long valuable experience, technical resources and the capabilities of the business could be used to strive for the future development unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Help has certain strengths that can be utilized to lower the risks, conquer the weak point and obtain the chances. Strengths of CMP are provided as follows;
• The long term experience of The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Analysis in the publishing market i.e. 60 years permits the company to provide high quality products at a lower expense using its previous experiences.
• The technical resources and capabilities produced by its effective journey offer a competitive benefit to CMP.
• Large item portfolioof CMP helps it to diversify its threat and offer high worth to its consumers.
• Strong financial position permits the company to consider several development opportunities without any worry of raising fund externally.
Weak points
Together with the strengths, the company has certain weaknesses which might increase constraints for the business in implementing its development program. The weak points of The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution are given as follows;
• Despite of being a science and innovation publishing company, the company still has conventional methods ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It ought to propose certain expansion strategies to prevent its reliance over the Chinese markets to achieve long term development.
Opportunities
Although, the growth of the publishing industry is declining since 2008, impacting The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Analysis as well, however the development could be revived by availing specific opportunities presented in the market. The marketplace opportunities for CMP include;
• The company might also introduce Digital Publishing by using its long term technical experience and a strong customer 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 utilizing its large funds.
Threats
The changing macro trends in the market and increasing competition in the publishing market has actually posed specific dangers to The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Help consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might result in decreasing market share of The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution due to the customer shift towards digital libraries.
• The existence of large number of competitors in the publishing industry increase the danger for CMP to lose its competitive position in the market, as competitors can acquire a strong customer base by using specific strategies like aggressive promotion, quality items, and so on
• Entrance of brand-new publishing companies in the industry in addition to existence of high competition increases the danger of losing the customer base.
Financial Analysis.
The business has a quite competitive monetary performance. Due to absence of information, the financial ratios of CMP might not be determined. The general financial efficiency of the company might be examined 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 growth rate, revealing that the yearly need of the products of The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Analysis is growing and the company is rather effective in bring in a large number of customers at a potential price.
In addition to it, the 2nd graph which reveals the yearly development in the The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Analysis total possessions, reveals that the company is rather effective in adding worth to its properties through its incomes. The growth in possessions reveals that the total value of the firm is likewise increasing with increasing the overall profits. (Unknown, 2013).
Another financial analysis of the company utilizing the offered data could be the analysis relating to the distribution of total revenues of the company. Major part of the incomes of CMP originates from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company could move towards other service segments with a possible development to achieve its future advancement goal.
PESTEL Analysis
PESTEL analysis might be performed to find out the various external forces affecting the performance of the business and the recent trends in the external environment of the business. A brief PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial influence on the state of mind of the people about the communist ideology of the government, therefore, the publishing sector is highly supervised and directed by the Publicity Department of the Communist Celebration of China. It might be said that the general political forces affecting CMP business are high. The government policies concerning the publishing sector are also increasing with the passage of time.
Economical.
Financial forces affecting the publishing sector in general and the The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution in specific includesthe prices of paper, the income level of customers, the inflation rate, and the total GDP development of the nation. All these forces integrate effect the need for the publishing market. Together with it, the economic policies associated with the import of books affect the total company at CPM. Nevertheless, China's economic conditions are rather favorable for CMP with high GDP development 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 needs to focus on digital publishing to satisfy the altering consumer choices.
Technological.
Technological forces affecting the CMP consist of the technological advancement in the reading strategies and so on. Enhancement of science and innovation together with the increase of digital publishing might lower the need for the CMP items, if specific actions would not be taken soon.
Environmental.
Ecological forces impacting The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution includes the concerns of environmental communities over the use 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 harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. Publishing Regulation 1997 needs the publishers to be approved first by the Government to be gone into in the publishing market.
Market Analysis (Porter's 5 Forces Model).
Porter's 5 Forces Model could be used to evaluate the attractiveness of the publishing market China. A brief analysis of the Porter's Five Forces is given as follows;.
Threat of New Entrants.
Dangers of new entrants in the Chinese Publishing Market is moderate. The potential development in the industry tends to attract brand-new entrants to the publishing industry. The existence of extreme competitors and the requirement of big capital tends to demotivate brand-new entrants to go into in the market.
Risk of Substitution.
Threat of Replacement is high for the Chinese Publishing Industry. The substitute products for the published files is the documents provided in the virtual libraries on specific websites. The altering consumer preferences towards digital knowing increase the threat of alternative for the industry.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The existence of a great deal of consumers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Along with it, new entrants are also participating in the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant providers of the The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution consist of the suppliers of the paper for publishing files. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the overall bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Haggling power of purchaser in the publishing market is high. Due to the presence of a a great deal of publishers in the Chinese market and the market saturation, the buyers requires high quality files at competitive prices.
Competitors Analysis.
CMP operates in an extremely competitive market with the presence of large number 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 Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis one of the close rivals of CMP. Founded in the very same duration, CIP releases comparable type of books. For a big period, CIP held the largest market share, and still ranks third and 2nd in various market segments, with a significant focus on educational publications. CIP serves 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 could wean the marketplace share of The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Help quickly in the existing market scenario.
Posts and telecommunication Press (PTP).
It was also founded in the very same duration as The Challenge Of Access To Oncology Drugs In Canada 2 Case Study Solution and CIP. It is likewise one of the popular gamers in the publishing industry with a yearly overall revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Lowering reliance over the Chinese markets.
• Increasing variety of Clients
• Growth chances.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Usage of possible resources in expansion.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to introduce using present capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio offers high value to consumers.
Cons
• Competitors in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core business sections to the new one can lead the business to lose need of its products in the market.
Suggestions
As the choices are shifting towards digital publishing and the company require an instant option to avoid the declining market growth. The company could also consider the growth program after the success of its digital publishing program.
Application
In order to introduce digital publishing in its product portfolio, the business needs to first gathers the information associated with the customer need, the possible markets, the government guidelines and the data connected to the competitors presented in the market. After that, the company ought to decide one possible sector for its initial offering. It needs to collect research that how it could separate its digital publishing from the existing competitors' products. After all the steps above the business must choose the preliminary offering. The company ought to go for the other markets if the preliminary offering shows a success. In this way the company would have the ability to execute its digital publishing program.
Conclusion
Although, the growth of the publishing industry is decreasing because 2008, showing a danger to the business's long term presence, however the scenario can be managed by thinking about a development plan in the future. The company might consider introducing digital publishingin its existing market to execute its development program at instant basis and to prevent the threat of failure for entryway in the new markets.
