Thought Leader Interview Dr Eric Topol 2 Case Study Solution and Analysis
Intro
Thought Leader Interview Dr Eric Topol 2 Case Study Analysis is the biggest publishing business with a greatest market share in the China's book retail market. CMP offers a variety of services including; gathering information, processing details and interaction services. Major business sections of the business include; books, regulars, consultancy and distribution. The business has a vast item portfolio and its major products include books, periodicals, online media, exhibitions, research reports etc. Thought Leader Interview Dr Eric Topol 2 Case Study Help has ended up being a specialized information provider and a big extensive Science and Technology publishing business through the combination of print media, audio-visual media and the network media.
Vital Concerns
Although, Thought Leader Interview Dr Eric Topol 2 Case Study Solution has invested its 60 years journey smoothly, being a successful publishing house, however, the altering macro market trends and forces bring specific difficulties to the publishing market in basic and CMP in particular. These aspects consist of;
• Entrance of the brand-new publishing companies in the industry.
• Decreasing development of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Enhancement of science and innovation.
The transformation of the macro markets have raised several concerns 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 company could be utilized to pursue the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Thought Leader Interview Dr Eric Topol 2 Case Study Solution has specific strengths that can be made use of to minimize the hazards, overcome the weak point and obtain the chances. Strengths of CMP are given as follows;
• The long term experience of Thought Leader Interview Dr Eric Topol 2 Case Study Solution in the publishing industry i.e. 60 years enables the business to provide high quality products at a lower expense utilizing its previous experiences.
• The technical resources and capabilities generated by its effective journey provide a competitive advantage to CMP.
• Vast item portfolioof CMP assists it to diversify its risk and provide high value to its customers.
• Strong financial position allows the company to consider several development opportunities with no fear of raising fund externally.
Weaknesses
In addition to the strengths, the business has certain weaknesses which could increase restraints for the business in implementing its development program. The weak points of Thought Leader Interview Dr Eric Topol 2 Case Study Help are provided 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 extremely relies over the Chinese markets for its growth. It should propose particular growth strategies to prevent its reliance over the Chinese markets to achieve long term development.
Opportunities
The development of the publishing industry is declining given that 2008, affecting Thought Leader Interview Dr Eric Topol 2 Case Study Help as well, but the development could be restored by availing certain opportunities provided in the market. The market chances for CMP consist of;
• The company could also present Digital Publishing by using its long term technical experience and a strong customer recognition in the market.
• CMP could consider an advancement program through the expansion towards foreign markets in order to minimize its reliance over Chinese markets by utilizing its large financial resources.
Hazards
The altering macro patterns in the market and increasing competitors in the publishing market has positioned particular dangers to Thought Leader Interview Dr Eric Topol 2 Case Study Solution including;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries could cause declining market share of Thought Leader Interview Dr Eric Topol 2 Case Study Analysis due to the customer shift towards digital libraries.
• The existence of large number of rivals in the publishing industry increase the hazard for CMP to lose its competitive position in the market, as competitors can get a strong customer base by using specific strategies like aggressive promo, quality products, etc.
• Entrance of brand-new publishing companies in the industry together with presence of high competitors increases the hazard of losing the client base.
Monetary Analysis.
Due to lack of information, the monetary ratios of CMP might not be determined. It might be analyzed from the Appendix III that the annual overall incomes of Thought Leader Interview Dr Eric Topol 2 Case Study Solution during the period 2000-2012 are growing at a high growth rate, showing that the annual demand of the products of CMP is growing and the business is quite effective in drawing in a big number of consumers at a prospective rate.
In addition to it, the 2nd chart which shows the annual development in the Thought Leader Interview Dr Eric Topol 2 Case Study Analysis total properties, reveals that the business is rather efficient in adding value to its assets through its incomes. The development in possessions reveals that the overall value of the company is also increasing with increasing the total profits. (Unidentified, 2013).
Another monetary analysis of the company using the offered data could be the analysis regarding the circulation of total incomes of the business. Major part of the profits of CMP comes from the sales of its released books i.e. 64% as displayed in the Case Appendix V. The company could move towards other service sections with a potential growth to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis might be performed to learn the different external forces impacting the performance of the company and the current trends in the external environment of the company. A short PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant effect on the state of mind of individuals about the communist ideology of the federal government, for that reason, the publishing sector is highly monitored and assisted by the Publicity Department of the Communist Celebration of China. It might be stated that the overall political forces impacting CMP service are high. The federal government policies relating to the publishing sector are likewise increasing with the passage of time.
Economical.
Economic forces affecting the publishing sector in basic and the Thought Leader Interview Dr Eric Topol 2 Case Study Analysis in specific includesthe costs of paper, the income level of customers, the inflation rate, and the overall GDP growth of the country. All these forces combine effect the demand for the publishing market. In addition to it, the economic policies related to the import of books impact the general company at CPM. China's economic conditions are quite favorable for CMP with high GDP development and consumer income level.
Social and Demographical.
The customer preferences are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP must focus on digital publishing to meet the changing customer choices.
Technological.
Technological forces impacting the CMP consist of the technological improvement in the reading techniques etc. Improvement of science and innovation along with the rise of digital publishing could lower the demand for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces affecting Thought Leader Interview Dr Eric Topol 2 Case Study Help consists of the issues of ecological communities over the use 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 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 approved initially by the Government to be gone into in the publishing market.
Industry Analysis (Porter's Five Forces Model).
Porter's 5 Forces Design might be used to analyze the beauty of the publishing market China. A brief analysis of the Porter's 5 Forces is provided as follows;.
Threat of New Entrants.
Threats of new entrants in the Chinese Publishing Industry is moderate. The potential growth in the industry tends to draw in new entrants to the publishing market. The existence of extreme competition and the requirement of substantial capital tends to demotivate brand-new entrants to enter in the market.
Risk of Replacement.
Threat of Substitution is high for the Chinese Publishing Industry. The replacement items for the released files is the documents presented in the digital libraries on particular websites. The altering customer choices towards digital knowing increase the hazard of substitution for the market.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of large number of consumers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive rivalry for CMP. Together with it, new entrants are likewise entering into the market increasing the competition for CMP.
Bargaining Power of Provider.
The major providers of the Thought Leader Interview Dr Eric Topol 2 Case Study Analysis consist of the suppliers of the paper for releasing files. 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 existence of a a great deal of publishers in the Chinese market and the market saturation, the buyers requires high quality files at competitive prices.
Rivals Analysis.
CMP runs in a highly competitive market with the presence of large number of rivals. Nevertheless, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major rivals of Thought Leader Interview Dr Eric Topol 2 Case Study Solution consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts as a hazard for CMP as it might wean its market share due to its long term competitive background. CIP is focused on digital publishing and could wean the market share of CMP easily in the present market circumstance.
Posts and telecommunication Press (PTP).
It was also established in the very same period as Thought Leader Interview Dr Eric Topol 2 Case Study Analysis and CIP. It is also one of the prominent gamers in the publishing market with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing reliance over the Chinese markets.
• Increasing variety of Customers
• Growth chances.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of prospective resources in growth.
• Danger of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining customer base.
• Approaching new markets.
• Easy to introduce using current abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product 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 business segments to the new one can lead the business to lose demand of its items in the market.
Suggestions
As the choices are shifting towards digital publishing and the company require an instant service to prevent the declining market growth. The company could also 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 company needs to first gathers the data related to the consumer demand, the possible markets, the government policies and the data related to the rivals presented in the market. If the preliminary offering shows a success, the company needs to go for the other markets. In this way the company would be able to implement its digital publishing program.
Conclusion
Although, the development of the publishing market is decreasing since 2008, revealing a risk to the business's long term existence, however the circumstance can be managed by considering an advancement strategy in the future. The business could think about introducing digital publishingin its existing market to implement its advancement program at immediate basis and to avoid the threat of failure for entryway in the new markets.
