The Greek Crisis Tragedy Or Opportunity Case Study Solution and Analysis
Introduction
The Greek Crisis Tragedy Or Opportunity Case Study Solution is the biggest publishing business with a highest market share in the China's book retail market. CMP has become a specialized details supplier and a large thorough Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Vital Concerns
CMP has spent its 60 years journey efficiently, being an effective publishing house, nevertheless, the changing macro market trends and forces bring particular difficulties to the publishing market in general and The Greek Crisis Tragedy Or Opportunity Case Study Solution in specific. These factors include;
• Entryway of the brand-new publishing companies in the market.
• Decreasing growth of the publishing market.
• Market saturation.
• Intro of digital publishing methods
• Improvement of science and technology.
The improvement of the macro markets have raised several questions 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 business could be made use of to strive for the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
The Greek Crisis Tragedy Or Opportunity Case Study Help has certain strengths that can be made use of to reduce the hazards, get rid of the weak point and avail the chances. Strengths of CMP are provided as follows;
• The long term experience of The Greek Crisis Tragedy Or Opportunity Case Study Help in the publishing market i.e. 60 years enables the business to provide high quality products at a lower cost using its prior experiences.
• The technical resources and abilities created by its effective journey supply a competitive benefit to CMP.
• Large item portfolioof CMP helps it to diversify its threat and provide high value to its clients.
• Strong financial position enables the company to consider numerous advancement chances with no fear of raising fund externally.
Weaknesses
Together with the strengths, the business has specific weaknesses which might increase restrictions for the business in executing its advancement program. The weaknesses of The Greek Crisis Tragedy Or Opportunity Case Study Help are given as follows;
• Despite of being a science and innovation publishing firm, the company still has conventional ways 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 growth.
Opportunities
Although, the growth of the publishing industry is decreasing considering that 2008, affecting The Greek Crisis Tragedy Or Opportunity Case Study Solution also, but the development might be restored by availing certain opportunities provided in the market. The market opportunities for CMP include;
• The company might likewise introduce Digital Publishing by using its long term technical experience and a strong consumer recognition in the market.
• CMP could think about an advancement program through the expansion towards foreign markets in order to lower its reliance over Chinese markets by using its huge funds.
Risks
The changing macro patterns in the market and increasing competitors in the publishing market has positioned certain hazards to The Greek Crisis Tragedy Or Opportunity Case Study Solution consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries could lead to decreasing market share of The Greek Crisis Tragedy Or Opportunity Case Study Solution due to the consumer shift towards virtual libraries.
• The presence of large number of rivals in the publishing industry increase the hazard 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 items, and so on
• Entryway of new publishing companies in the industry in addition to presence of high competitors increases the hazard of losing the client base.
Financial Analysis.
The business has a rather competitive monetary performance. Due to lack of data, the financial ratios of CMP might not be calculated. The overall monetary efficiency of the company could be evaluated by using the graphs provided in the case Appendices. It could be examined from the Appendix III that the yearly overall incomes of CMP during the period 2000-2012 are growing at a high growth rate, showing that the yearly need of the products of The Greek Crisis Tragedy Or Opportunity Case Study Solution is growing and the business is rather effective in attracting a a great deal of consumers at a prospective price.
Along with it, the 2nd graph which shows the yearly development in the The Greek Crisis Tragedy Or Opportunity Case Study Help total possessions, shows that the business is rather efficient in adding value to its possessions through its incomes. The development in properties reveals that the total value of the company is also increasing with increasing the total earnings. (Unknown, 2013).
Another monetary analysis of the business using the offered data might be the analysis concerning the distribution of overall profits of the business. Major part of the earnings of CMP comes from the sales of its released books i.e. 64% as displayed in the Case Appendix V. The business might move towards other organisation sectors with a prospective growth to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis might be performed to find out the different external forces affecting the efficiency of the company and the recent patterns in the external environment of the business. A brief PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant effect on the state of mind of the people about the communist ideology of the government, therefore, the publishing sector is highly monitored and guided by the Publicity Department of the Communist Party of China. Therefore, it might be stated that the total political forces affecting The Greek Crisis Tragedy Or Opportunity Case Study Help service are high. The government policies concerning the publishing sector are likewise increasing with the passage of time.
Affordable.
Economic forces affecting the publishing sector in basic and the The Greek Crisis Tragedy Or Opportunity Case Study Solution in particular includesthe costs of paper, the income level of consumers, the inflation rate, and the general GDP development of the country. All these forces integrate effect the demand for the publishing market. Along with it, the financial policies related to the import of books affect the general company at CPM. However, China's economic conditions are quite favorable for CMP with high GDP growth and consumer income level.
Social and Demographical.
Social and demographical forces consist of the population development, the customer's preferences towards reading helpful products etc. China has the highest population in the world with a high population development, revealing the increasing variety of customers of the The Greek Crisis Tragedy Or Opportunity Case Study Solution. Nevertheless, the consumer choices are shifting towards digital publishing instead of the standard was of publishing. In this regard, CMP ought to concentrate on digital publishing to meet the changing customer preferences.
Technological.
Technological forces affecting the CMP include the technological improvement in the reading strategies and so on. Improvement of science and technology in addition to the rise of digital publishing might decrease the need for the CMP items, if particular actions would not be taken soon.
Environmental.
Ecological forces impacting The Greek Crisis Tragedy Or Opportunity Case Study Help 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 used while publishing ought to not be harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal guidelines regarding the publishing sector is controlled by the General Administration of Press and Publication. Publishing Ordinance 1997 needs the publishers to be approved first by the Government to be gone into in the publishing market. The ordinance forbids direct involvement of foreign entities and people in the publishing sector.
Industry Analysis (Porter's Five Forces Model).
Porter's 5 Forces Design could be used to analyze the appearance of the publishing market China. A short analysis of the Porter's Five Forces is offered as follows;.
Hazard of New Entrants.
Threats of new entrants in the Chinese Publishing Market is moderate. The potential growth in the industry tends to attract brand-new entrants to the publishing market. The presence of intense competitors and the requirement of huge capital tends to demotivate new entrants to go into in the market.
Hazard of Replacement.
Hazard of Replacement is high for the Chinese Publishing Industry. The substitute items for the published files is the documents presented in the virtual libraries on certain websites. The changing customer preferences towards digital knowing increase the danger of alternative for the market.
Competitive Rivalry.
Competitive rivalry in the publishing industry is high. The existence 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. Together with it, brand-new entrants are likewise entering into the market increasing the competition for CMP.
Bargaining Power of Supplier.
The significant suppliers of the The Greek Crisis Tragedy Or Opportunity Case Study Help include the suppliers of the paper for releasing documents. As CMP is the largest publisher in the Chinese Publishing Market, therefore the general bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
Bargaining power of purchaser in the publishing market is high. Due to the existence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality files at competitive rates.
Competitors Analysis.
CMP runs in an extremely competitive industry with the presence of a great deal of rivals. However, the business has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of The Greek Crisis Tragedy Or Opportunity Case Study Analysis consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis one of the close rivals of CMP. Established in the very same duration, CIP publishes comparable type of books. For a big period, CIP held the biggest market share, and still ranks third and second in numerous market sections, 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 market share of The Greek Crisis Tragedy Or Opportunity Case Study Analysis easily in the current market scenario.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was also established in the same duration as CMP and CIP. It ranks sixth in the state-owned publishers in terms of organisation scale. It is also among the prominent gamers in the publishing industry with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing dependence over the Chinese markets.
• Increasing variety of Clients
• Growth chances.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of prospective resources in growth.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to present using existing capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio offers high worth to customers.
Cons
• Competitors in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core organisation sectors to the brand-new one can lead the company to lose need of its products in the market.
Suggestions
As the choices are moving towards digital publishing and the company need an instant solution to prevent the declining market development. The business could likewise think about the expansion program after the success of its digital publishing program.
Implementation
In order to present digital publishing in its product portfolio, the company ought to first collects the data associated with the consumer demand, the possible markets, the federal government regulations and the data related to the rivals provided in the market. After that, the business must decide one possible section for its initial offering. It must collect research study that how it could distinguish its digital publishing from the existing competitors' products. After all the actions above the company must choose the initial offering. If the preliminary offering shows a success, the business ought to go for the other markets. In this way the business would have the ability to execute its digital publishing program.
Conclusion
Although, the development of the publishing industry is decreasing because 2008, revealing a hazard to the company's long term existence, however the scenario can be managed by considering a development strategy in the future. The business might think about presenting digital publishingin its existing market to execute its advancement program at immediate basis and to prevent the threat of failure for entryway in the new markets.
