Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution and Analysis
Intro
Topcoder A Developing Software Through Crowdsourcing 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 info company and a big extensive Science and Technology publishing company through the combination of print media, audio-visual media and the network media.
Critical Problems
CMP has spent its 60 years journey efficiently, being an effective publishing home, however, the altering macro market patterns and forces bring specific difficulties to the publishing industry in basic and Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution in particular. These aspects include;
• Entrance of the new publishing firms in the market.
• Declining growth of the publishing market.
• Market saturation.
• Introduction of digital publishing methods
• Improvement of science and innovation.
The change of the macro markets have raised several concerns to the management at CPM that what could be the future of CMP in this situation? Do the long important experience, technical resources and the capabilities of the company could be used to pursue the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution has specific strengths that can be made use of to minimize the dangers, get rid of the weakness and avail the opportunities. Strengths of CMP are offered as follows;
• The long term experience of Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution in the publishing market i.e. 60 years allows the business to provide high quality products at a lower expense using its previous experiences.
• The technical resources and abilities produced by its successful journey offer a competitive benefit to CMP.
• Vast product portfolioof CMP assists it to diversify its danger and provide high value to its customers.
• Strong financial position permits the company to consider numerous development opportunities without any fear of raising fund externally.
Weaknesses
In addition to the strengths, the business has specific weak points which could increase restraints for the company in implementing its development program. The weak points of Topcoder A Developing Software Through Crowdsourcing 2 Case Study Help are offered as follows;
• Despite of being a science and technology publishing company, the company still has standard ways ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It must propose particular expansion plans to avoid its dependence over the Chinese markets to accomplish long term development.
Opportunities
Although, the growth of the publishing industry is decreasing considering that 2008, impacting Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution too, however the development might be revived by availing specific chances provided in the market. The marketplace opportunities for CMP consist of;
• The company might likewise introduce Digital Publishing by utilizing its long term technical experience and a strong consumer acknowledgment in the market.
• CMP could consider a development program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by using its huge funds.
Risks
The changing macro patterns in the market and increasing competitors in the publishing industry has postured particular threats to Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution including;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries could cause decreasing market share of Topcoder A Developing Software Through Crowdsourcing 2 Case Study Help due to the customer shift towards virtual libraries.
• The presence of a great deal of competitors in the publishing industry increase the danger for CMP to lose its competitive position in the market, as rivals can gain a strong consumer base by utilizing particular methods like aggressive promotion, quality products, and so on
• Entrance of brand-new publishing companies in the market together with presence of high competition increases the hazard of losing the customer base.
Monetary Analysis.
The business has a quite competitive monetary efficiency. Due to absence of data, the financial ratios of CMP could not be computed. The general monetary performance of the company might be evaluated by using the graphs provided in the case Appendices. It could be evaluated from the Appendix III that the yearly total earnings of CMP throughout the duration 2000-2012 are growing at a high development rate, revealing that the yearly demand of the items of Topcoder A Developing Software Through Crowdsourcing 2 Case Study Help is growing and the company is quite effective in drawing in a a great deal of customers at a possible rate.
Along with it, the second graph which reveals the annual growth in the Topcoder A Developing Software Through Crowdsourcing 2 Case Study Analysis total assets, reveals that the business is rather efficient in adding value to its assets through its earnings. The growth in properties reveals that the total value of the company is likewise increasing with increasing the overall revenues. (Unidentified, 2013).
Another financial analysis of the business utilizing the offered data might be the analysis relating to the distribution of overall revenues of the business. Major part of the earnings of CMP originates from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company might move towards other service segments with a possible growth to achieve its future development objective.
PESTEL Analysis
PESTEL analysis could be carried out to discover the numerous external forces impacting the efficiency of the company and the current patterns in the external environment of the business. A short PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable effect on the frame of mind of the people about the communist ideology of the government, therefore, the publishing sector is highly supervised and assisted by the Promotion Department of the Communist Celebration of China. It might be stated that the total political forces affecting CMP business are high. The federal government policies regarding the publishing sector are likewise increasing with the passage of time.
Affordable.
Economic forces impacting the publishing sector in general and the Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution in particular includesthe prices of paper, the earnings level of customers, the inflation rate, and the overall GDP growth of the nation. All these forces combine effect the demand for the publishing market. Along with it, the financial policies related to the import of books impact the total business at CPM. China's economic conditions are rather favorable for CMP with high GDP growth and consumer income level.
Social and Demographical.
Social and demographical forces consist of the population growth, the customer's preferences towards checking out helpful materials and so on. China has the highest population in the world with a high population development, revealing the increasing number of customers of the Topcoder A Developing Software Through Crowdsourcing 2 Case Study Help. Nevertheless, the customer choices are shifting towards digital publishing instead of the traditional was of publishing. In this regard, CMP should focus on digital publishing to meet the altering customer preferences.
Technological.
Technological forces affecting the CMP include the technological development in the reading strategies and so on. Improvement of science and innovation together with the rise of digital publishing could decrease the need for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces affecting Topcoder A Developing Software Through Crowdsourcing 2 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 required to be disposable and the ink used while publishing needs to not be damaging for the environment.
Legal.
Legal policies for the publishing sector at whole are high. Publishing Regulation 1997 requires the publishers to be approved initially by the Federal government to be gone into in the publishing market.
Industry Analysis (Porter's Five Forces Model).
Porter's Five Forces Model might be used to analyze the beauty of the publishing market China. A brief analysis of the Porter's Five Forces is given as follows;.
Risk of New Entrants.
Threats of brand-new entrants in the Chinese Publishing Industry is moderate. The prospective growth in the market tends to bring in new entrants to the publishing market. The presence of intense competitors and the requirement of huge capital tends to demotivate new entrants to go into in the market.
Risk of Alternative.
Risk of Substitution is high for the Chinese Publishing Industry. The substitute products for the published files is the documents presented in the digital libraries on certain sites. The altering consumer choices towards digital learning increase the danger of replacement for the industry.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The presence of a great deal of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive rivalry for CMP. In addition to it, brand-new entrants are also participating in the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The major suppliers of the Topcoder A Developing Software Through Crowdsourcing 2 Case Study Analysis consist of the suppliers of the paper for publishing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the total bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Bargaining power of purchaser in the publishing industry is high. Due to the presence of a large number of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality files at competitive prices.
Competitors Analysis.
CMP operates in a highly competitive industry with the presence of large number of competitors. The business has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of Topcoder A Developing Software Through Crowdsourcing 2 Case Study Solution include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis among the close competitors of CMP. Established in the exact same period, CIP publishes comparable kind of books. For a large time period, CIP held the biggest market share, and still ranks 3rd and second in various market sections, with a significant focus on educational publications. CIP serves as a risk for CMP as it could wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and might wean the market share of Topcoder A Developing Software Through Crowdsourcing 2 Case Study Help easily in the existing market scenario.
Posts and telecommunication Press (PTP).
It was likewise founded in the very same period as Topcoder A Developing Software Through Crowdsourcing 2 Case Study Help and CIP. It is also one of the popular players in the publishing industry with a yearly overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Consumers
• Development chances.
• Avoiding the effect of market saturation in the Chinese publishing market.
Cons
• Use of prospective resources in expansion.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching new markets.
• Easy to present utilizing current abilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased product portfolio provides high value to clients.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core service segments to the brand-new one can lead the company to lose demand of its products in the market.
Suggestions
As the preferences are moving towards digital publishing and the company require an immediate option to prevent the decreasing market growth. The company could likewise think about the growth program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its product portfolio, the company should first collects the information related to the consumer need, the possible markets, the government policies and the information connected to the competitors provided in the market. After that, the company should decide one possible segment for its preliminary offering. It needs to gather research that how it could differentiate its digital publishing from the existing competitors' products. After all the actions above the business ought to opt for the initial offering. The company needs to go for the other markets if the preliminary offering proves a success. In this way the company would be able to execute its digital publishing program.
Conclusion
The development of the publishing market is declining because 2008, showing a threat to the business's long term presence, but the scenario can be managed by considering an advancement plan in the future. The company might consider presenting digital publishingin its existing market to execute its development program at immediate basis and to avoid the danger of failure for entryway in the new markets.
