The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Solution and Analysis
Intro
The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Analysis is the biggest publishing company with a highest market share in the China's book retail market. CMP has become a specialized information company and a large extensive Science and Technology publishing company through the combination of print media, audio-visual media and the network media.
Crucial Problems
Although, The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Analysis has actually invested its 60 years journey smoothly, being an effective publishing home, however, the changing macro market trends and forces bring specific difficulties to the publishing industry in basic and CMP in particular. These elements include;
• Entryway of the brand-new publishing companies in the market.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• Enhancement of science and technology.
The change of the macro markets have raised numerous questions to the management at CPM that what could be the future of CMP in this scenario? Do the long important experience, technical resources and the capabilities of the business could be made use of to strive for the future development unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Solution has certain strengths that can be used to reduce the threats, overcome the weak point and obtain the opportunities. Strengths of CMP are offered as follows;
• The long term experience of The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Help in the publishing industry i.e. 60 years enables the company to supply high quality products at a lower cost utilizing its prior experiences.
• The technical resources and capabilities created by its effective journey provide a competitive advantage to CMP.
• Vast item portfolioof CMP helps it to diversify its risk and offer high value to its clients.
• Strong financial position allows the business to think about a number of development chances without any fear of raising fund externally.
Weak points
Along with the strengths, the business has particular weaknesses which might increase restraints for the company in executing its advancement program. The weak points of The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Analysis are given as follows;
• Despite of being a science and innovation publishing firm, the business still has conventional ways ofpublishing which are not compatible with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It ought to propose specific expansion plans to prevent its dependence over the Chinese markets to accomplish long term growth.
Opportunities
Although, the development of the publishing market is declining considering that 2008, affecting The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Analysis as well, but the development might be restored by availing certain chances provided in the market. The market opportunities for CMP consist of;
• The business might likewise present Digital Publishing by using 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 lower its dependence over Chinese markets by utilizing its large funds.
Threats
The changing macro patterns in the market and increasing competition in the publishing industry has actually posed certain threats to The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Analysis including;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries could cause decreasing market share of The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Solution due to the consumer shift towards digital libraries.
• The existence of large number of competitors in the publishing industry increase the hazard for CMP to lose its competitive position in the market, as competitors can gain a strong customer base by using specific techniques like aggressive promo, quality products, etc.
• Entrance of brand-new publishing firms in the industry along with existence of high competitors increases the danger of losing the consumer base.
Financial Analysis.
The company has a quite competitive financial efficiency. Due to lack of information, the monetary ratios of CMP might not be computed. However, the total financial performance of the business might be evaluated by using the charts given up the case Appendices. It might be analyzed from the Appendix III that the yearly overall revenues of CMP throughout the duration 2000-2012 are growing at a high growth rate, revealing that the yearly need of the products of The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Analysis is growing and the company is rather efficient in bring in a large number of customers at a potential price.
Along with it, the second graph which shows the yearly growth in the The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Solution total properties, shows that the company is quite effective in adding value to its possessions through its incomes. The growth in assets reveals that the overall value of the firm is also increasing with increasing the overall profits. (Unknown, 2013).
Another monetary analysis of the business utilizing the provided data might be the analysis concerning the circulation of total earnings of the company. Huge part of the earnings of CMP comes from the sales of its released books i.e. 64% as shown in the Case Appendix V. The business might move towards other business segments with a potential development to achieve its future development goal.
PESTEL Analysis
PESTEL analysis might be performed to discover the different external forces impacting the efficiency of the business and the current trends 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 influence on the frame of mind of the people about the communist ideology of the federal government, therefore, the publishing sector is extremely supervised and guided by the Promotion Department of the Communist Celebration of China. It might be said that the total political forces impacting CMP company are high. The government policies concerning the publishing sector are also increasing with the passage of time.
Economical.
Financial forces impacting the publishing sector in general and the The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Solution in specific includesthe prices of paper, the income level of customers, the inflation rate, and the overall GDP development of the nation. All these forces integrate impact the need for the publishing market. Along with it, the financial policies connected to the import of books affect the general service at CPM. China's economic conditions are rather beneficial for CMP with high GDP growth and customer earnings level.
Social and Demographical.
The customer preferences are moving towards digital publishing rather than the traditional was of publishing. In this regard, CMP needs to focus on digital publishing to fulfill the changing consumer preferences.
Technological.
Technological forces impacting the CMP include the technological development in the reading strategies etc. Improvement of science and innovation in addition to the rise of digital publishing could decrease the demand for the CMP items, if certain actions would not be taken soon.
Environmental.
Ecological forces impacting The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Analysis consists of the issues of ecological 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 used while publishing should not be damaging for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Ordinance 1997 needs the publishers to be approved initially by the Government to be entered in the publishing market.
Market Analysis (Porter's 5 Forces Model).
Porter's Five Forces Design might be utilized to evaluate the beauty of the publishing market China. A short analysis of the Porter's Five Forces is provided as follows;.
Danger of New Entrants.
Threats of new entrants in the Chinese Publishing Industry is moderate. The prospective development in the industry tends to attract new entrants to the publishing market. The presence of intense competitors and the requirement of substantial capital tends to demotivate brand-new entrants to enter in the market.
Threat of Alternative.
Risk 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 particular websites. The changing consumer preferences towards digital knowing increase the risk of alternative for the market.
Competitive Rivalry.
Competitive competition in the publishing market is high. The presence of a great deal of customers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive competition for CMP. In addition to it, new entrants are also participating in the market increasing the competitors for CMP.
Bargaining Power of Provider.
The significant suppliers of the The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Help 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 supplier for CMP is low.
Bargaining Power of Buyer.
Negotiating power of buyer in the publishing market is high. Due to the presence of a large number of publishers in the Chinese market and the market saturation, the buyers needs high quality files at competitive costs.
Competitors Analysis.
CMP runs in an extremely competitive industry with the presence of large number of rivals. The company has a competitive position in the market with the highest market share in the Chinese publishing market. Major rivals of The Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close rivals of CMP. Founded in the same duration, CIP releases similar kind of books. For a large period, CIP held the largest market share, and still ranks 3rd and 2nd in different market sections, with a significant concentrate on instructional publications. CIP functions as a risk 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 Impact Of Organizational Performance And Workforce Diversity Cultural Inequalities And Ethical Concerns Case Study Solution quickly in the current market circumstance.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was likewise established in the very same period as CMP and CIP. It ranks sixth in the state-owned publishers in terms of service scale. It is likewise among the popular gamers in the publishing market with a yearly overall earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing variety of Clients
• Growth chances.
• Preventing the impact of market saturation in the Chinese publishing market.
Cons
• Usage of possible resources in expansion.
• Risk of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce using present capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased product portfolio provides high value to consumers.
Cons
• Competitors in the market by CIP, who has prior focus 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 items in the market.
Recommendations
As the preferences are moving towards digital publishing and the company require an immediate solution to avoid the decreasing market growth. The business could likewise think about the expansion program after the success of its digital publishing program.
Execution
In order to present digital publishing in its product portfolio, the business must first collects the information connected to the customer need, the prospective markets, the federal government policies and the data connected to the rivals provided in the market. After that, the business must decide one prospective sector for its preliminary offering. It must collect research that how it might separate its digital publishing from the existing competitors' products. After all the steps above the business should go for the initial offering. If the preliminary offering shows a success, the company needs to choose the other markets. In this method the company would be able to implement its digital publishing program.
Conclusion
The development of the publishing market is decreasing given that 2008, revealing a risk to the business's long term existence, but the situation can be managed by thinking about an advancement strategy in the future. The company might consider presenting digital publishingin its existing market to implement its development program at immediate basis and to avoid the risk of failure for entrance in the brand-new markets.
