The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution and Analysis
Introduction
The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Analysis is the largest publishing company with a greatest market share in the China's book retail market. CMP has actually become a specialized information company and a large extensive Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Crucial Concerns
CMP has spent its 60 years journey smoothly, being a successful publishing house, nevertheless, the changing macro market patterns and forces bring certain obstacles to the publishing market in basic and The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Help in specific. These aspects include;
• Entrance of the brand-new publishing firms in the market.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Improvement of science and technology.
The transformation of the macro markets have raised numerous 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 abilities of the company 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 Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Analysis has certain strengths that can be utilized to decrease the threats, conquer the weakness and get the chances. Strengths of CMP are offered as follows;
• The long term experience of The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Help in the publishing market i.e. 60 years enables the company to offer high quality items at a lower expense using its prior experiences.
• The technical resources and capabilities produced by its effective journey provide a competitive advantage to CMP.
• Huge product portfolioof CMP helps it to diversify its danger and supply high value to its consumers.
• Strong financial position enables the business to consider several development opportunities without any fear of raising fund externally.
Weaknesses
Along with the strengths, the business has particular weaknesses which might increase restrictions for the business in executing its development program. The weaknesses of The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Help are given as follows;
• Despite of being a science and innovation publishing firm, the company still has conventional methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It must propose certain growth strategies to prevent its reliance over the Chinese markets to accomplish long term development.
Opportunities
The development of the publishing industry is decreasing given that 2008, affecting The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Analysis as well, but the development might be restored by availing certain opportunities presented in the market. The marketplace opportunities for CMP include;
• The company might likewise present Digital Publishing by utilizing its long term technical experience and a strong customer recognition in the market.
• CMP might think about an advancement program through the growth towards foreign markets in order to reduce its dependence over Chinese markets by utilizing its vast funds.
Dangers
The changing macro trends in the market and increasing competitors in the publishing market has actually positioned particular risks to The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Analysis consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries might result in decreasing market share of The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution due to the consumer shift towards virtual libraries.
• The existence of a great deal of rivals in the publishing market increase the danger for CMP to lose its competitive position in the market, as competitors can acquire a strong consumer base by utilizing particular techniques like aggressive promo, quality products, and so on
• Entryway of new publishing companies in the market in addition to existence of high competitors increases the threat of losing the client base.
Financial Analysis.
Due to lack of information, the financial ratios of CMP might not be computed. It might be analyzed from the Appendix III that the yearly total earnings of The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution during the duration 2000-2012 are growing at a high development rate, showing that the annual demand of the products of CMP is growing and the business is rather efficient in attracting a big number of customers at a possible cost.
Together with it, the 2nd chart which shows the yearly development in the The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution total possessions, shows that the company is rather efficient in including worth to its properties through its earnings. The development in properties reveals that the total worth of the firm is also increasing with increasing the total revenues. (Unknown, 2013).
Another financial analysis of the company using the provided data might be the analysis regarding the distribution of total profits of the company. Major part of the revenues of CMP comes from the sales of its released books i.e. 64% as shown in the Case Appendix V. The business could move towards other company sectors with a potential development to accomplish its future advancement objective.
PESTEL Analysis
PESTEL analysis could be conducted to find out the different external forces impacting 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 the people about the communist ideology of the government, for that reason, the publishing sector is extremely supervised and directed by the Promotion Department of the Communist Party of China. Therefore, it could be stated that the general political forces impacting The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution service are high. The federal government policies concerning the publishing sector are likewise increasing with the passage of time.
Cost-effective.
Economic forces impacting the publishing sector in basic and the CMP in specific includesthe rates of paper, the earnings level of consumers, the inflation rate, and the overall GDP growth of the country. All these forces combine impact the demand for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population growth, the customer's choices towards reading useful products etc. China has the greatest population on the planet with a high population development, revealing the increasing number of consumers of the The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Help. The consumer preferences are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP ought to concentrate on digital publishing to meet the altering consumer choices.
Technological.
Technological forces impacting the CMP include the technological development in the reading methods and so on. Enhancement of science and technology in addition to the rise of digital publishing could reduce the need for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces affecting The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Analysis includes the issues of ecological communities 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 used while publishing should 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 approved first by the Government to be entered in the publishing market.
Industry Analysis (Porter's 5 Forces Design).
Porter's 5 Forces Design might be utilized to examine the appearance of the publishing market China. A brief analysis of the Porter's Five Forces is provided as follows;.
Threat of New Entrants.
Hazards of new entrants in the Chinese Publishing Market is moderate. The potential development in the industry tends to bring in new entrants to the publishing industry. The existence of intense competition and the requirement of substantial capital tends to demotivate new entrants to go into in the market.
Threat of Substitution.
Risk of Alternative is high for the Chinese Publishing Industry. The substitute items for the published files is the files presented in the digital libraries on particular websites. The changing consumer preferences towards digital knowing increase the threat of alternative for the industry.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive rivalry for CMP. Along with it, new entrants are likewise entering into the market increasing the competitors for CMP.
Bargaining Power of Supplier.
The major suppliers of the The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution consist of the suppliers of the paper for releasing documents. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the overall bargaining power of supplier for CMP is low.
Bargaining Power of Buyer.
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 rates.
Rivals Analysis.
CMP runs in an extremely competitive industry with the presence of large number of competitors. However, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close competitors of CMP. Established in the same duration, CIP releases comparable kind of books. For a large period, CIP held the largest market share, and still ranks 2nd and 3rd in various market sections, with a major focus on instructional publications. CIP serves as a hazard for CMP as it could wean its market share due to its long term competitive background. CIP is focused on digital publishing and might wean the market share of The Windsor Spitfires Hockey Teams Journey To The Memorial Cup New Era Of Leadership Case Study Solution quickly in the current market circumstance.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was likewise founded in the same period as CMP and CIP. It ranks 6th in the state-owned publishers in terms of business scale. It is likewise one of the popular gamers in the publishing market with a yearly total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Lowering dependence over the Chinese markets.
• Increasing variety of Customers
• Development opportunities.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Use of possible resources in growth.
• Risk of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to present using present abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product 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 company segments to the brand-new one can lead the business to lose need of its products in the market.
Recommendations
As the preferences are moving towards digital publishing and the business require an immediate option to avoid the decreasing industry growth. The business might also 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 business needs to first collects the data associated with the customer need, the potential markets, the government regulations and the information associated with the competitors provided in the market. After that, the company must decide one possible segment for its preliminary offering. It should collect research that how it could separate its digital publishing from the existing competitors' items. The steps above the business should go for the initial offering. The business ought to go for the other markets if the preliminary offering proves a success. In this method the business would have the ability to implement its digital publishing program.
Conclusion
Although, the development of the publishing industry is declining considering that 2008, showing a hazard to the company's long term existence, however the scenario can be managed by thinking about a development strategy in the future. The company could think about introducing digital publishingin its existing market to execute its development program at immediate basis and to avoid the threat of failure for entrance in the new markets.
