Unlocking The Performance Of The Chief Information Officer Cio Case Study Solution and Analysis
Introduction
Unlocking The Performance Of The Chief Information Officer Cio Case Study Help is the largest publishing business with a highest market share in the China's book retail market. CMP has become a specialized details service provider and a large comprehensive Science and Technology publishing business through the combination of print media, audio-visual media and the network media.
Vital Concerns
Although, Unlocking The Performance Of The Chief Information Officer Cio Case Study Help has actually spent its 60 years journey smoothly, being an effective publishing home, however, the altering macro market patterns and forces bring specific difficulties to the publishing market in general and CMP in specific. These factors consist of;
• Entryway of the new publishing firms in the industry.
• Declining 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 a number of concerns to the management at CPM that what could be the future of CMP in this scenario? Do the long valuable experience, technical resources and the abilities of the business 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
Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis has specific strengths that can be used to minimize the threats, conquer the weak point and get the opportunities. Strengths of CMP are provided as follows;
• The long term experience of Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis in the publishing market i.e. 60 years permits the company to provide high quality products at a lower expense using its prior experiences.
• The technical resources and capabilities produced by its successful journey offer a competitive advantage to CMP.
• Vast item portfolioof CMP helps it to diversify its risk and supply high value to its consumers.
• Strong financial position permits the company to think about several advancement chances with no fear of raising fund externally.
Weak points
Along with the strengths, the business has specific weak points which could increase restraints for the business in executing its development program. The weaknesses of Unlocking The Performance Of The Chief Information Officer Cio Case Study Solution are given as follows;
• Despite of being a science and technology publishing company, the company still has conventional methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It must propose particular expansion strategies to prevent its reliance over the Chinese markets to accomplish long term growth.
Opportunities
Although, the development of the publishing industry is decreasing given that 2008, affecting Unlocking The Performance Of The Chief Information Officer Cio Case Study Help as well, however the development could be restored by availing particular chances provided in the market. The market chances for CMP include;
• The company might also introduce Digital Publishing by utilizing its long term technical experience and a strong customer recognition in the market.
• CMP might consider a development program through the growth towards foreign markets in order to lower its dependence over Chinese markets by utilizing its large financial resources.
Risks
The altering macro trends in the market and increasing competitors in the publishing market has actually positioned particular threats to Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis including;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries might result in decreasing market share of Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis due to the customer shift towards virtual libraries.
• The presence of a great deal of competitors in the publishing industry increase the risk for CMP to lose its competitive position in the market, as rivals can get a strong customer base by utilizing specific strategies like aggressive promotion, quality products, etc.
• Entrance of new publishing firms in the market in addition to existence of high competition increases the hazard of losing the customer base.
Financial Analysis.
Due to absence of information, the financial ratios of CMP could not be calculated. It might be evaluated from the Appendix III that the yearly total revenues of Unlocking The Performance Of The Chief Information Officer Cio Case Study Help throughout the duration 2000-2012 are growing at a high development rate, revealing that the yearly need of the products of CMP is growing and the business is quite effective in attracting a big number of clients at a potential price.
In addition to it, the 2nd graph which reveals the annual growth in the Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis overall properties, shows that the business is quite efficient in adding worth to its assets through its incomes. The growth in possessions shows that the overall worth of the company is likewise increasing with increasing the total incomes. (Unidentified, 2013).
Another financial analysis of the business using the offered data might be the analysis concerning the circulation of overall 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 company might move towards other organisation sections with a prospective growth to accomplish its future development goal.
PESTEL Analysis
PESTEL analysis might be conducted to find out the various external forces affecting the efficiency of the business and the recent trends in the external environment of the business. A brief PESTEL analysis of the business is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant effect on the frame of mind of individuals about the communist ideology of the government, therefore, the publishing sector is extremely supervised and directed by the Publicity Department of the Communist Celebration of China. It could be stated that the overall political forces impacting CMP business are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.
Affordable.
Economic forces affecting the publishing sector in general and the CMP in particular includesthe rates of paper, the earnings level of customers, the inflation rate, and the overall GDP growth of the nation. All these forces integrate impact the need for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population development, the consumer's choices towards checking out helpful materials etc. China has the greatest population on the planet with a high population growth, revealing the increasing variety of consumers of the Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis. The consumer choices are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP should focus on digital publishing to satisfy the changing customer preferences.
Technological.
Technological forces impacting the CMP include the technological advancement in the reading strategies etc. Enhancement of science and innovation together with the increase of digital publishing could minimize the need for the CMP products, if certain actions would not be taken quickly.
Environmental.
Ecological forces impacting Unlocking The Performance Of The Chief Information Officer Cio Case Study Solution consists of the issues of environmental neighborhoods over the use of paper in publishing books. The paper utilized in the books while publishing is needed to be disposable and the ink utilized while publishing needs to not be harmful for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. The legal regulations relating to the publishing sector is managed by the General Administration of Press and Publication. Publishing Ordinance 1997 needs the publishers to be authorized initially by the Government to be entered in the publishing market. The ordinance forbids direct participation of foreign entities and individuals in the publishing sector.
Market Analysis (Porter's 5 Forces Model).
Porter's Five Forces Model might be used to examine the appearance of the publishing market China. A short analysis of the Porter's Five Forces is given as follows;.
Hazard of New Entrants.
Hazards of new entrants in the Chinese Publishing Industry is moderate. The prospective development in the industry tends to bring in new entrants to the publishing market. Nevertheless, the presence of extreme competitors and the requirement of substantial capital tends to demotivate new entrants to enter in the market.
Threat of Alternative.
Threat of Alternative is high for the Chinese Publishing Industry. The alternative items for the released files is the files provided in the digital libraries on specific websites. The altering customer choices towards digital learning increase the risk of replacement for the industry.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of a great deal of customers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive competition for CMP. Along with it, new entrants are likewise participating in the marketplace increasing the competition for CMP.
Bargaining Power of Provider.
The significant providers of the Unlocking The Performance Of The Chief Information Officer Cio Case Study Solution include the providers of the paper for releasing documents. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the general bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Bargaining power of purchaser in the publishing market is high. Due to the presence of a large number of publishers in the Chinese market and the marketplace saturation, the purchasers needs high quality documents at competitive costs.
Competitors Analysis.
CMP operates in an extremely competitive market with the presence of a great deal of competitors. Nevertheless, the business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close rivals of CMP. Founded in the exact same period, CIP publishes similar kind of books. For a big period, CIP held the largest market share, and still ranks second and 3rd in different market sections, with a major concentrate on instructional publications. CIP serves as a risk for CMP as it might wean its market share due to its long term competitive background. CIP is focused on digital publishing and might wean the market share of Unlocking The Performance Of The Chief Information Officer Cio Case Study Analysis quickly in the present market circumstance.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was likewise founded in the same period as CMP and CIP. It ranks sixth in the state-owned publishers in regards to organisation scale. It is likewise among the popular gamers in the publishing market with an annual overall earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Consumers
• Development opportunities.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Usage of possible resources in growth.
• Danger of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce utilizing current capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high value to clients.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core service sectors to the 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 solution to avoid the decreasing industry development. The company might likewise consider the growth program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its product portfolio, the business ought to initially collects the data associated with the consumer demand, the potential markets, the federal government guidelines and the information associated with the competitors provided in the market. After that, the company should choose one potential section for its preliminary offering. It must collect research that how it might distinguish its digital publishing from the existing rivals' items. After all the actions above the company ought to choose the initial offering. If the initial offering proves a success, the business needs to choose the other markets. In this way the company would have the ability to implement its digital publishing program.
Conclusion
Although, the growth of the publishing market is decreasing since 2008, showing a danger to the business's long term presence, but the scenario can be managed by considering a development strategy in the future. The business might think about presenting digital publishingin its existing market to execute its development program at instant basis and to avoid the danger of failure for entrance in the new markets.
