The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution and Analysis
Intro
The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution is the largest publishing company with a greatest market share in the China's book retail market. CMP has ended up being a specialized details supplier and a large thorough Science and Innovation publishing company through the combination of print media, audio-visual media and the network media.
Vital Issues
Although, The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Help has invested its 60 years journey smoothly, being a successful publishing house, however, the changing macro market trends and forces bring particular challenges to the publishing industry in basic and CMP in specific. These aspects include;
• Entrance of the new publishing companies in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Intro of digital publishing techniques
• Improvement of science and innovation.
The improvement 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 important experience, technical resources and the abilities of the business could be utilized 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 Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution has specific strengths that can be made use of to reduce the threats, get rid of the weak point and get the opportunities. Strengths of CMP are offered as follows;
• The long term experience of The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution in the publishing market i.e. 60 years allows the business to offer high quality products at a lower cost utilizing its prior experiences.
• The technical resources and capabilities created by its successful journey supply a competitive advantage to CMP.
• Vast item portfolioof CMP helps it to diversify its danger and offer high value to its customers.
• Strong monetary position allows the business to think about a number of advancement chances without any fear of raising fund externally.
Weak points
In addition to the strengths, the company has certain weak points which could increase restrictions for the company in implementing its development program. The weaknesses of The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Help are provided as follows;
• Despite of being a science and innovation publishing firm, the business still has traditional methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It needs to propose particular growth strategies to avoid its dependence over the Chinese markets to attain long term growth.
Opportunities
The development of the publishing industry is decreasing given that 2008, impacting The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution as well, but the growth could be revived by availing certain opportunities presented in the market. The market chances for CMP include;
• The business 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 expansion towards foreign markets in order to minimize its dependence over Chinese markets by utilizing its large financial resources.
Risks
The changing macro patterns in the market and increasing competitors in the publishing industry has actually postured particular threats to The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Help including;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries could result in declining market share of The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution due to the customer 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 acquire a strong consumer base by utilizing particular methods like aggressive promo, quality products, and so on
• Entrance of brand-new publishing firms in the market together with existence of high competitors increases the danger of losing the customer base.
Monetary Analysis.
Due to absence of data, the financial ratios of CMP might not be determined. It might be evaluated from the Appendix III that the yearly overall profits of The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Help throughout the period 2000-2012 are growing at a high growth rate, showing that the annual need of the items of CMP is growing and the company is quite efficient in drawing in a big number of clients at a potential price.
In addition to it, the 2nd chart which reveals the annual development in the The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution total properties, reveals that the business is quite effective in including 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 profits. (Unknown, 2013).
Another financial analysis of the company utilizing the offered data might be the analysis concerning the distribution of overall earnings of the company. 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 could move towards other service sectors with a potential growth to accomplish its future advancement goal.
PESTEL Analysis
PESTEL analysis could be conducted to learn the numerous external forces affecting the performance of the business and the current 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 effect on the mindset of individuals about the communist ideology of the government, therefore, the publishing sector is extremely monitored and guided by the Publicity Department of the Communist Party of China. It might be stated that the general political forces affecting CMP business are high. The federal government policies relating to the publishing sector are also increasing with the passage of time.
Economical.
Financial forces affecting the publishing sector in general and the The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution in specific includesthe rates of paper, the earnings level of customers, the inflation rate, and the overall GDP development of the country. All these forces combine effect the demand for the publishing market. Along with it, the financial policies associated with the import of books affect the total service at CPM. China's financial conditions are rather beneficial for CMP with high GDP growth and customer earnings level.
Social and Demographical.
The consumer choices are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP needs to focus on digital publishing to fulfill the changing customer choices.
Technological.
Technological forces affecting the CMP include the technological development in the reading strategies etc. Enhancement of science and technology along with the rise of digital publishing might decrease the demand for the CMP products, if particular actions would not be taken quickly.
Environmental.
Ecological forces impacting The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Analysis consists of the concerns of environmental neighborhoods over the usage of paper in publishing books. The paper utilized in the books while publishing is required to be non reusable and the ink utilized while publishing needs to not be damaging for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. The legal guidelines concerning the publishing sector is managed by the General Administration of Press and Publication. Publishing Regulation 1997 requires the publishers to be authorized first by the Government to be entered in the publishing market. The regulation forbids direct involvement of foreign entities and people in the publishing sector.
Industry Analysis (Porter's Five Forces Design).
Porter's Five Forces Design might be used to evaluate the beauty of the publishing industry China. A quick analysis of the Porter's Five Forces is provided as follows;.
Danger of New Entrants.
Dangers of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the market tends to draw in brand-new entrants to the publishing market. The presence of extreme competition and the requirement of huge capital tends to demotivate new entrants to enter in the market.
Threat of Replacement.
Danger of Alternative is high for the Chinese Publishing Market. The replacement products for the published documents is the files presented in the virtual libraries on particular sites. The altering consumer choices towards digital learning increase the risk of substitution for the market.
Competitive Competition.
Competitive competition in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive rivalry for CMP. In addition to it, new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant providers of the The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Analysis include the providers of the paper for releasing documents. As CMP is the largest publisher in the Chinese Publishing Market, for that reason the total bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of purchaser in the publishing industry is high. Due to the existence of a large number of publishers in the Chinese market and the market saturation, the buyers needs high quality documents at competitive costs.
Competitors Analysis.
CMP runs in an extremely competitive industry with the existence of large number of rivals. Nevertheless, the business has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis among the close rivals of CMP. Established in the same period, CIP publishes comparable kind of books. For a large time period, CIP held the biggest market share, and still ranks 2nd and 3rd in numerous market sections, with a major focus on instructional publications. CIP acts as a danger for CMP as it could wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and could wean the market share of The Impact Of Biometric Technology On Aviation Security And Safety 2 Case Study Analysis easily in the current market situation.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was likewise established in the exact same duration as CMP and CIP. It ranks 6th in the state-owned publishers in terms of service scale. It is likewise one of the prominent gamers in the publishing market with an annual overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing variety of Customers
• Growth chances.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Use of possible resources in growth.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to introduce using current abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high value to consumers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core company sectors to the new one can lead the company to lose demand of its items in the market.
Suggestions
As the choices are moving towards digital publishing and the business need an instant option to avoid the declining market development. The business might also consider the growth program after the success of its digital publishing program.
Application
In order to introduce digital publishing in its item portfolio, the company should first gathers the data related to the customer demand, the prospective markets, the federal government regulations and the information related to the competitors provided in the market. If the initial offering shows a success, the business needs to go for the other markets. In this method the business would be able to execute its digital publishing program.
Conclusion
The development of the publishing market is declining since 2008, revealing a threat to the business's long term presence, however the scenario can be controlled by thinking about a development strategy in the future. The company might consider introducing digital publishingin its existing market to implement its development program at immediate basis and to avoid the threat of failure for entryway in the new markets.
