The Cheating Culture A Global Societal Phenomenon Case Study Solution and Analysis
Introduction
The Cheating Culture A Global Societal Phenomenon Case Study Solution is the largest publishing company with a highest market share in the China's book retail market. CMP provides a variety of services including; collecting information, processing details and communication services. Major organisation sections of the business include; books, regulars, consultancy and distribution. The company has a vast item portfolio and its significant items consist of books, periodicals, online media, exhibitions, research study reports etc. The Cheating Culture A Global Societal Phenomenon Case Study Help has become a specialized information service provider and a big thorough Science and Technology publishing business through the combination of print media, audio-visual media and the network media.
Critical Issues
CMP has spent its 60 years journey efficiently, being an effective publishing home, nevertheless, the altering macro market trends and forces bring particular obstacles to the publishing industry in basic and The Cheating Culture A Global Societal Phenomenon Case Study Solution in particular. These factors consist of;
• Entryway of the new publishing companies in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Intro of digital publishing methods
• Improvement of science and technology.
The improvement 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 abilities of the business could be utilized to pursue the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
The Cheating Culture A Global Societal Phenomenon Case Study Help has certain strengths that can be used to minimize the hazards, overcome the weak point and avail the opportunities. Strengths of CMP are provided as follows;
• The long term experience of The Cheating Culture A Global Societal Phenomenon Case Study Analysis in the publishing market i.e. 60 years enables the company to offer high quality items at a lower cost using its prior experiences.
• The technical resources and capabilities produced by its successful journey supply a competitive benefit to CMP.
• Huge item portfolioof CMP assists it to diversify its risk and supply high worth to its consumers.
• Strong financial position permits the company to think about several development opportunities without any fear of raising fund externally.
Weaknesses
In addition to the strengths, the business has specific weaknesses which might increase restraints for the business in executing its advancement program. The weaknesses of The Cheating Culture A Global Societal Phenomenon Case Study Analysis are given as follows;
• Despite of being a science and technology publishing firm, 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 ought to propose certain growth strategies to prevent its reliance over the Chinese markets to accomplish long term growth.
Opportunities
Although, the development of the publishing market is decreasing given that 2008, impacting The Cheating Culture A Global Societal Phenomenon Case Study Solution also, however the development might be restored by availing certain chances provided in the market. The marketplace opportunities for CMP consist of;
• The company might likewise present Digital Publishing by using its long term technical experience and a strong consumer recognition in the market.
• CMP might think about an advancement program through the growth towards foreign markets in order to minimize its reliance over Chinese markets by using its huge funds.
Risks
The altering macro trends in the market and increasing competition in the publishing industry has postured certain risks to The Cheating Culture A Global Societal Phenomenon Case Study Help consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries could cause declining market share of The Cheating Culture A Global Societal Phenomenon Case Study Analysis due to the consumer shift towards virtual libraries.
• The presence of large number of rivals in the publishing market increase the danger for CMP to lose its competitive position in the market, as rivals can acquire a strong consumer base by utilizing specific techniques like aggressive promo, quality items, and so on
• Entrance of new publishing companies in the industry together with presence of high competition increases the threat of losing the client base.
Financial Analysis.
Due to lack of information, the monetary ratios of CMP might not be computed. It might be analyzed from the Appendix III that the yearly total incomes of The Cheating Culture A Global Societal Phenomenon Case Study Solution throughout the period 2000-2012 are growing at a high growth rate, showing that the yearly need of the items of CMP is growing and the company is quite efficient in drawing in a big number of clients at a prospective rate.
In addition to it, the second graph which reveals the yearly growth in the The Cheating Culture A Global Societal Phenomenon Case Study Help total possessions, reveals that the business is rather efficient in adding value to its assets through its incomes. The development in possessions shows that the overall value of the company is likewise increasing with increasing the total earnings. (Unidentified, 2013).
Another financial analysis of the business utilizing the provided information could be the analysis regarding the distribution of overall profits of the business. Major part of the revenues of CMP comes from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The company might move towards other organisation sectors with a potential growth to accomplish its future advancement goal.
PESTEL Analysis
PESTEL analysis might be performed to discover the various external forces affecting the performance of the company and the current patterns in the external environment of the business. A quick PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial impact on the frame 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 Publicity Department of the Communist Celebration of China. For that reason, it might be stated that the general political forces affecting The Cheating Culture A Global Societal Phenomenon Case Study Help service are high. The government policies regarding the publishing sector are also increasing with the passage of time.
Affordable.
Economic forces affecting the publishing sector in basic and the The Cheating Culture A Global Societal Phenomenon Case Study Solution in specific includesthe costs of paper, the earnings level of customers, the inflation rate, and the total GDP growth of the nation. All these forces integrate effect the demand for the publishing market. In addition to it, the financial policies associated with the import of books affect the overall company at CPM. Nevertheless, China's economic conditions are rather favorable for CMP with high GDP growth and consumer income level.
Social and Demographical.
The customer choices are moving towards digital publishing rather than the standard was of publishing. In this regard, CMP ought to focus on digital publishing to fulfill the changing customer choices.
Technological.
Technological forces impacting the CMP consist of the technological improvement in the reading methods etc. Improvement of science and innovation along with the rise of digital publishing might reduce the need for the CMP products, if certain actions would not be taken quickly.
Environmental.
Environmental forces affecting The Cheating Culture A Global Societal Phenomenon Case Study Help includes 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 utilized while publishing ought to not be damaging for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. Publishing Regulation 1997 needs 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 might be used to examine the beauty of the publishing market China. A short analysis of the Porter's 5 Forces is offered as follows;.
Risk of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Market is moderate. The potential growth in the industry tends to draw in new entrants to the publishing market. The presence of extreme competition and the requirement of substantial capital tends to demotivate brand-new entrants to go into in the market.
Danger of Alternative.
Threat of Substitution is high for the Chinese Publishing Industry. The substitute products for the released documents is the documents presented in the virtual libraries on specific sites. The altering customer choices towards digital learning increase the threat of replacement for the industry.
Competitive Rivalry.
Competitive competition in the publishing market is high. The existence of a great deal of consumers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Together with it, new entrants are also entering into the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant providers of the The Cheating Culture A Global Societal Phenomenon Case Study Analysis include the providers of the paper for publishing files. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the total 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 existence of a a great deal of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality documents at competitive costs.
Rivals 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 highest market share in the Chinese publishing market. Major rivals of The Cheating Culture A Global Societal Phenomenon Case Study Analysis include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market 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 might wean the market share of CMP easily in the present market scenario.
Posts and telecommunication Press (PTP).
It was also founded in the exact same duration as The Cheating Culture A Global Societal Phenomenon Case Study Analysis and CIP. It is also one of the popular players in the publishing market with an annual overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing reliance over the Chinese markets.
• Increasing number of Clients
• Growth opportunities.
• Preventing the impact of market saturation in the Chinese publishing industry.
Cons
• Usage of possible resources in growth.
• Threat of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present utilizing present abilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio offers high worth to consumers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation sections to the new one can lead the business to lose demand of its items in the market.
Recommendations
With the deep analysis of the internal and external environment of the company along with the industry analysis and the rival analysis, Alternative 2 is recommended to CMP to achieve its future advancement. As the preferences are moving towards digital publishing and the business require an instant service to avoid the declining market development. Intro of digital publishing could prove to be an instant service with low amount of threat for the company. Nevertheless, the business could likewise think about the expansion program after the success of its digital publishing program.
Application
In order to present digital publishing in its product portfolio, the company must initially collects the data related to the customer need, the potential markets, the federal government regulations and the information related to the rivals provided in the market. If the initial offering proves a success, the company should go for the other markets. In this way the company would be able to implement its digital publishing program.
Conclusion
Although, the growth of the publishing industry is decreasing since 2008, revealing a threat to the business's long term presence, however the circumstance can be managed by considering a development plan in the future. The business might consider introducing digital publishingin its existing market to execute its development program at instant basis and to avoid the risk of failure for entryway in the brand-new markets.
