Thought Leader Interview Dr Eric Topol Case Study Solution and Analysis
Intro
Thought Leader Interview Dr Eric Topol Case Study Help is the largest publishing business with a highest market share in the China's book retail market. CMP supplies a number of services consisting of; collecting info, processing information and interaction services. Major organisation sections of the company consist of; books, regulars, consultancy and circulation. The business has a vast item portfolio and its major items include books, periodicals, online media, exhibitions, research reports etc. Thought Leader Interview Dr Eric Topol Case Study Help has actually ended up being a specialized information company and a large thorough Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Critical Problems
Although, Thought Leader Interview Dr Eric Topol Case Study Solution has actually invested its 60 years journey efficiently, being an effective publishing home, however, the altering macro market trends and forces bring certain challenges to the publishing market in general and CMP in specific. These aspects include;
• Entryway of the new publishing companies in the industry.
• Decreasing development of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Enhancement of science and innovation.
The transformation of the macro markets have raised a number of 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 abilities of the company could be used 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 Case Study Analysis has certain strengths that can be used to reduce the hazards, conquer the weakness and get the opportunities. Strengths of CMP are provided as follows;
• The long term experience of Thought Leader Interview Dr Eric Topol Case Study Help in the publishing industry i.e. 60 years permits the business to offer high quality items at a lower cost using its previous experiences.
• The technical resources and abilities created by its effective journey supply a competitive benefit to CMP.
• Vast product portfolioof CMP helps it to diversify its risk and offer high worth to its clients.
• Strong financial position allows the company to consider several development opportunities without any worry of raising fund externally.
Weak points
Along with the strengths, the business has specific weak points which might increase restrictions for the company in implementing its advancement program. The weak points of Thought Leader Interview Dr Eric Topol Case Study Solution are offered as follows;
• Despite of being a science and innovation publishing firm, the company still has traditional methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It should propose specific growth plans to avoid its reliance over the Chinese markets to attain long term development.
Opportunities
Although, the development of the publishing industry is decreasing considering that 2008, affecting Thought Leader Interview Dr Eric Topol Case Study Solution too, but the development might be restored by availing specific opportunities presented in the market. The market opportunities for CMP include;
• The company could also introduce Digital Publishing by using its long term technical experience and a strong client recognition in the market.
• CMP could consider a development program through the growth towards foreign markets in order to lower its reliance over Chinese markets by using its large financial resources.
Dangers
The altering macro patterns in the market and increasing competition in the publishing market has actually posed certain risks to Thought Leader Interview Dr Eric Topol Case Study Analysis consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries might cause decreasing market share of Thought Leader Interview Dr Eric Topol Case Study Help due to the consumer shift towards digital libraries.
• The presence of large number of competitors in the publishing market increase the threat for CMP to lose its competitive position in the market, as competitors can get a strong customer base by utilizing particular methods like aggressive promo, quality items, etc.
• Entryway of new publishing companies in the market together with presence of high competition increases the threat of losing the client base.
Financial Analysis.
The business has a quite competitive financial performance. Due to lack of data, the monetary ratios of CMP could not be computed. However, the overall monetary performance of the company might be examined by using the charts given in the case Appendices. It could be analyzed from the Appendix III that the yearly total profits of CMP during the duration 2000-2012 are growing at a high growth rate, showing that the yearly demand of the items of Thought Leader Interview Dr Eric Topol Case Study Analysis is growing and the business is quite efficient in attracting a large number of customers at a possible cost.
Along with it, the second graph which reveals the annual development in the Thought Leader Interview Dr Eric Topol Case Study Help overall assets, shows that the company is rather effective in including value to its assets through its incomes. The growth in properties shows that the overall value of the firm is likewise increasing with increasing the overall incomes. (Unknown, 2013).
Another monetary analysis of the business utilizing the offered data might be the analysis concerning the circulation of total earnings of the business. Huge part of the earnings of CMP comes from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company might move towards other company sections with a prospective development to attain its future advancement objective.
PESTEL Analysis
PESTEL analysis might be performed to discover the numerous external forces impacting the efficiency of the business and the recent patterns in the external environment of the business. A brief PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial effect on the state of mind of individuals about the communist ideology of the government, therefore, the publishing sector is highly supervised and guided by the Promotion Department of the Communist Party of China. For that reason, it could be stated that the general political forces affecting Thought Leader Interview Dr Eric Topol Case Study Analysis organisation are high. The government policies regarding the publishing sector are also increasing with the passage of time.
Cost-effective.
Financial forces affecting the publishing sector in general and the CMP in particular includesthe prices of paper, the earnings level of consumers, the inflation rate, and the overall GDP development of the country. All these forces integrate impact the demand for the publishing market.
Social and Demographical.
The customer choices are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP ought to focus on digital publishing to fulfill the altering customer choices.
Technological.
Technological forces affecting the CMP consist of the technological development in the reading strategies etc. Improvement of science and technology in addition to the rise of digital publishing might minimize the need for the CMP items, if certain actions would not be taken soon.
Environmental.
Ecological forces affecting Thought Leader Interview Dr Eric Topol Case Study Analysis consists of the issues of environmental communities over the use of paper in publishing books. The paper used in the books while publishing is needed to be non reusable and the ink used while publishing needs to 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 authorized first by the Federal government to be gone into in the publishing market.
Market Analysis (Porter's Five Forces Model).
Porter's Five Forces Design might be utilized to examine the attractiveness of the publishing market China. A short analysis of the Porter's 5 Forces is provided as follows;.
Risk of New Entrants.
Hazards of new entrants in the Chinese Publishing Market is moderate. The potential growth in the industry tends to bring in brand-new entrants to the publishing industry. The existence of extreme competitors and the requirement of big capital tends to demotivate brand-new entrants to go into in the market.
Danger of Replacement.
Risk of Alternative is high for the Chinese Publishing Industry. The replacement items for the published files is the files provided in the digital libraries on certain websites. The changing consumer preferences towards digital knowing increase the risk of replacement for the industry.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The existence of large number of consumers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive competition for CMP. Together with it, brand-new entrants are also entering into the marketplace increasing the competition for CMP.
Bargaining Power of Supplier.
The significant providers of the Thought Leader Interview Dr Eric Topol Case Study Help include the providers of the paper for releasing documents. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the total bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Bargaining power of purchaser in the publishing industry is high. Due to the presence of a a great deal of publishers in the Chinese market and the marketplace saturation, the purchasers requires high quality documents at competitive rates.
Competitors Analysis.
CMP operates in a highly competitive industry with the presence of a great deal of rivals. Nevertheless, the business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of Thought Leader Interview Dr Eric Topol Case Study Analysis consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIP acts as a threat 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 CMP easily in the present market scenario.
Posts and telecommunication Press (PTP).
It was also established in the very same period as Thought Leader Interview Dr Eric Topol Case Study Solution and CIP. It is also one of the popular gamers in the publishing industry with a yearly overall profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing number of Customers
• Growth opportunities.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Usage of prospective resources in expansion.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching new markets.
• Easy to introduce using present capabilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high worth to clients.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation sectors to the new one can lead the business to lose demand of its items in the market.
Suggestions
As the choices are moving towards digital publishing and the company need an immediate solution to avoid the declining market growth. The company might likewise consider the expansion program after the success of its digital publishing program.
Application
In order to introduce digital publishing in its item portfolio, the business ought to initially collects the data related to the customer demand, the prospective markets, the government regulations and the data related to the rivals presented in the market. If the preliminary offering shows a success, the business needs to go for the other markets. In this method the business would be able to implement its digital publishing program.
Conclusion
Although, the growth of the publishing industry is decreasing since 2008, revealing a danger to the business's long term existence, however the situation can be controlled by considering an advancement strategy in the future. The business could consider introducing digital publishingin its existing market to implement its advancement program at instant basis and to prevent the threat of failure for entrance in the new markets.
