United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Solution and Analysis
Intro
United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Solution is the biggest publishing company with a highest market share in the China's book retail market. CMP has become a specialized information service provider and a large extensive Science and Technology publishing business through the combination of print media, audio-visual media and the network media.
Crucial Concerns
Although, United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Solution has actually invested its 60 years journey smoothly, being a successful publishing house, nevertheless, the changing macro market patterns and forces bring particular difficulties to the publishing industry in basic and CMP in particular. These factors consist of;
• Entrance of the new publishing companies in the industry.
• Declining development of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Enhancement of science and technology.
The improvement 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 situation? Do the long valuable experience, technical resources and the capabilities of the business could be made use of to pursue the future development unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Help has certain strengths that can be utilized to decrease the dangers, conquer the weakness and get the chances. Strengths of CMP are provided as follows;
• The long term experience of United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Help in the publishing industry i.e. 60 years allows the company to provide high quality products at a lower expense utilizing its prior experiences.
• The technical resources and abilities produced by its effective journey supply a competitive advantage to CMP.
• Large item portfolioof CMP helps it to diversify its danger and supply high worth to its customers.
• Strong monetary position allows the company to think about numerous development chances without any worry of raising fund externally.
Weak points
In addition to the strengths, the business has certain weaknesses which could increase restrictions for the company in executing its advancement program. The weak points of United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Analysis are given as follows;
• Despite of being a science and innovation publishing company, the business still has traditional methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It needs to propose particular expansion strategies to prevent its reliance over the Chinese markets to achieve long term development.
Opportunities
Although, the growth of the publishing industry is declining given that 2008, impacting United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Help too, but the development could be revived by availing specific chances provided in the market. The market chances for CMP consist of;
• The company could also introduce Digital Publishing by utilizing its long term technical experience and a strong client acknowledgment in the market.
• CMP could consider a development program through the expansion towards foreign markets in order to decrease its reliance over Chinese markets by utilizing its huge funds.
Hazards
The altering macro trends in the market and increasing competition in the publishing market has posed specific risks to United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Solution including;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might lead to declining market share of United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Solution due to the consumer shift towards digital libraries.
• The existence of large number of competitors in the publishing industry 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, etc.
• Entryway of brand-new publishing firms in the industry in addition to presence of high competition increases the risk of losing the consumer base.
Financial Analysis.
Due to lack of data, the monetary ratios of CMP could not be computed. It might be examined from the Appendix III that the yearly total revenues of United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Analysis during the period 2000-2012 are growing at a high development rate, showing that the annual demand of the items of CMP is growing and the company is quite effective in attracting a large number of consumers at a prospective price.
In addition to it, the second chart which reveals the yearly development in the United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Help overall possessions, shows that the company is quite efficient in including worth to its assets through its incomes. The growth in possessions reveals that the overall worth of the firm is likewise increasing with increasing the overall incomes. (Unknown, 2013).
Another monetary analysis of the business using the given information might be the analysis concerning the distribution of total revenues of the business. Major part of the incomes of CMP originates from the sales of its published books i.e. 64% as shown in the Case Appendix V. The company could move towards other organisation segments with a prospective growth to accomplish its future advancement goal.
PESTEL Analysis
PESTEL analysis could be performed to discover the different external forces impacting the performance of the company and the recent patterns in the external environment of the business. A quick PESTEL analysis of the company is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant impact on the frame of mind of the people about the communist ideology of the federal government, therefore, the publishing sector is extremely supervised and assisted by the Publicity Department of the Communist Celebration of China. For that reason, it might be said that the general political forces impacting United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Analysis service are high. The federal government policies regarding the publishing sector are likewise increasing with the passage of time.
Affordable.
Financial forces affecting the publishing sector in general and the United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Analysis in particular includesthe costs of paper, the earnings level of consumers, the inflation rate, and the overall GDP development of the country. All these forces integrate effect the need for the publishing market. In addition to it, the economic policies connected to the import of books impact the general company at CPM. Nevertheless, China's financial conditions are rather favorable for CMP with high GDP development and customer income level.
Social and Demographical.
Social and demographical forces include the population development, the customer's choices towards checking out helpful materials etc. China has the greatest population in the world with a high population development, revealing the increasing variety of customers of the United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Help. The customer preferences are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP needs to focus on digital publishing to satisfy the changing customer preferences.
Technological.
Technological forces impacting the CMP consist of the technological advancement in the reading techniques etc. Improvement of science and innovation together with the increase of digital publishing might minimize the demand for the CMP items, if particular actions would not be taken quickly.
Environmental.
Environmental forces affecting United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Solution consists of the concerns of environmental neighborhoods over the use of paper in publishing books. The paper used in the books while publishing is needed to be disposable and the ink utilized while publishing should not be hazardous for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal guidelines regarding the publishing sector is controlled by the General Administration of Press and Publication. Publishing Ordinance 1997 requires the publishers to be authorized first by the Federal government to be gone into in the publishing market. The regulation forbids direct involvement of foreign entities and individuals in the publishing sector.
Market Analysis (Porter's Five Forces Model).
Porter's Five Forces Model could be used to examine the beauty of the publishing industry China. A brief analysis of the Porter's Five Forces is given as follows;.
Risk of New Entrants.
Risks of new entrants in the Chinese Publishing Market is moderate. The possible growth in the industry tends to attract brand-new entrants to the publishing market. The existence of intense competitors and the requirement of substantial capital tends to demotivate new entrants to enter in the market.
Danger of Substitution.
Danger of Substitution is high for the Chinese Publishing Market. The alternative products for the released documents is the documents provided in the digital libraries on particular websites. The altering consumer preferences towards digital knowing increase the threat of substitution for the industry.
Competitive Competition.
Competitive competition in the publishing market is high. The presence of large number of consumers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive competition for CMP. In addition to it, brand-new entrants are also entering into the marketplace increasing the competition for CMP.
Bargaining Power of Supplier.
The significant suppliers of the United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Help consist of the providers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the overall bargaining power of provider for CMP is low.
Bargaining Power of Buyer.
Haggling power of buyer in the publishing industry is high. Due to the presence of a a great deal of publishers in the Chinese market and the market saturation, the buyers requires high quality files at competitive costs.
Competitors Analysis.
CMP operates in an extremely competitive market with the presence of large number of competitors. Nevertheless, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Major competitors of United States And Thailand Diplomatic Wrangles In The War On Human Trafficking Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts as a danger for CMP as it could 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 current market scenario.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was likewise founded in the very same duration as CMP and CIP. It ranks 6th in the state-owned publishers in terms of business scale. It is likewise among the popular gamers in the publishing market with an annual overall revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing dependence over the Chinese markets.
• Increasing variety of Clients
• Development chances.
• Preventing the effect of market saturation in the Chinese publishing market.
Cons
• Usage of potential resources in expansion.
• Risk of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining customer base.
• Approaching new markets.
• Easy to introduce using existing capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item 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 business sectors to the new one can lead the business to lose need of its items in the market.
Recommendations
With the deep analysis of the external and internal environment of the business along with the market analysis and the competitor analysis, Alternative 2 is suggested to CMP to attain its future development. As the choices are shifting towards digital publishing and the business need an immediate option to prevent the decreasing industry growth. Introduction of digital publishing might prove to be an instant solution with low quantity of risk for the company. However, the company might also consider the growth program after the success of its digital publishing program.
Application
In order to present digital publishing in its item portfolio, the business should first collects the data related to the consumer need, the possible markets, the government policies and the information related to the rivals presented in the market. If the initial 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
The development of the publishing industry is decreasing since 2008, revealing a threat to the company's long term existence, but the scenario can be managed by considering a development plan in the future. The business could think about presenting digital publishingin its existing market to implement its development program at immediate basis and to avoid the danger of failure for entrance in the brand-new markets.
