When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Solution and Analysis
Introduction
When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Analysis is the biggest publishing business with a greatest market share in the China's book retail market. CMP supplies a number of services consisting of; collecting information, processing information and communication services. Major organisation segments of the business consist of; books, regulars, consultancy and circulation. The business has a vast product portfolio and its significant products include books, regulars, online media, exhibitions, research study reports etc. When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Analysis has actually ended up being a specialized details company and a big comprehensive Science and Technology publishing company through the integration of print media, audio-visual media and the network media.
Important Concerns
Although, When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Solution has actually invested its 60 years journey efficiently, being a successful publishing home, however, the altering macro market patterns and forces bring specific obstacles to the publishing market in general and CMP in specific. These aspects consist of;
• Entrance of the new publishing companies in the industry.
• Decreasing development of the publishing market.
• Market saturation.
• Introduction of digital publishing techniques
• Improvement of science and innovation.
The transformation of the macro markets have raised several questions 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 abilities of the company could be utilized to strive for the future development unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Analysis has particular strengths that can be used to decrease the dangers, conquer the weakness and obtain the opportunities. Strengths of CMP are given as follows;
• The long term experience of When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Analysis in the publishing market i.e. 60 years enables the company to provide high quality products at a lower cost using its previous experiences.
• The technical resources and capabilities generated by its effective journey offer a competitive benefit to CMP.
• Vast item portfolioof CMP assists it to diversify its threat and offer high value to its clients.
• Strong financial position allows the company to consider several development chances with no worry of raising fund externally.
Weak points
In addition to the strengths, the company has specific weak points which could increase constraints for the business in implementing its advancement program. The weak points of When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Analysis are offered as follows;
• Despite of being a science and technology publishing company, the business still has traditional ways ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It should propose specific expansion strategies to prevent its reliance over the Chinese markets to attain long term development.
Opportunities
Although, the development of the publishing market is declining since 2008, affecting When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Solution too, but the development could be revived by availing particular opportunities presented in the market. The market chances for CMP consist of;
• The business might likewise present Digital Publishing by using its long term technical experience and a strong consumer recognition in the market.
• CMP might think about an advancement program through the growth towards foreign markets in order to reduce its reliance over Chinese markets by utilizing its vast funds.
Dangers
The changing macro patterns in the market and increasing competitors in the publishing market has actually posed certain risks to When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Analysis including;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries could lead to decreasing market share of When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Help due to the customer shift towards digital libraries.
• The existence of a great deal of rivals in the publishing industry increase the threat for CMP to lose its competitive position in the market, as rivals can acquire a strong customer base by using particular techniques like aggressive promotion, quality items, etc.
• Entrance of brand-new publishing firms in the market along with existence of high competitors increases the risk of losing the client base.
Financial Analysis.
Due to lack of data, the monetary ratios of CMP could not be calculated. It might be evaluated from the Appendix III that the annual total revenues of When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Help during the duration 2000-2012 are growing at a high development rate, revealing that the annual demand of the products of CMP is growing and the business is quite effective in drawing in a big number of clients at a possible price.
Along with it, the 2nd graph which shows the annual growth in the When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Help overall properties, reveals that the company is quite effective in adding worth to its assets through its earnings. The development in properties reveals that the total worth of the firm is also increasing with increasing the total incomes. (Unidentified, 2013).
Another monetary analysis of the business utilizing the offered information could be the analysis regarding the distribution of total profits of the company. Huge part of the profits of CMP originates from the sales of its released books i.e. 64% as displayed in the Case Appendix V. The company could move towards other service sectors with a possible development to accomplish its future advancement objective.
PESTEL Analysis
PESTEL analysis could be carried out to find out the various external forces impacting the performance of the company and the recent trends in the external environment of the business. A short PESTEL analysis of the business is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant influence 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 Party of China. It might be stated that the total political forces impacting CMP organisation are high. The government policies relating to the publishing sector are also increasing with the passage of time.
Affordable.
Financial forces impacting the publishing sector in basic and the CMP in specific includesthe rates of paper, the earnings level of consumers, the inflation rate, and the total GDP development of the country. All these forces combine impact the need for the publishing market.
Social and Demographical.
The customer preferences are moving towards digital publishing rather than the traditional was of publishing. In this regard, CMP must focus on digital publishing to satisfy the changing consumer preferences.
Technological.
Technological forces impacting the CMP include the technological improvement in the reading strategies etc. Improvement of science and technology together with the increase of digital publishing could minimize the demand for the CMP items, if certain actions would not be taken soon.
Environmental.
Ecological forces impacting When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Solution includes the issues of environmental neighborhoods 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 utilized while publishing should not be damaging for the environment.
Legal.
Legal guidelines for the publishing sector at whole are high. Publishing Ordinance 1997 requires the publishers to be approved first by the Federal government to be gone into in the publishing market.
Market Analysis (Porter's 5 Forces Model).
Porter's Five Forces Model could be utilized to evaluate the beauty of the publishing market China. A quick analysis of the Porter's 5 Forces is given as follows;.
Danger of New Entrants.
Threats of new entrants in the Chinese Publishing Industry is moderate. The prospective development in the industry tends to bring in brand-new entrants to the publishing market. The existence of intense competitors and the requirement of huge capital tends to demotivate brand-new entrants to enter in the market.
Threat of Alternative.
Hazard of Replacement is high for the Chinese Publishing Market. The substitute items for the released documents is the documents provided in the digital libraries on particular sites. The altering customer choices towards digital knowing increase the threat of alternative for the industry.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of a great deal of consumers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Along with it, new entrants are also entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The major providers of the When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Solution include the suppliers of the paper for publishing 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.
Negotiating 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 prices.
Competitors Analysis.
CMP runs in an extremely competitive market with the existence of a great deal of competitors. However, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Significant rivals of When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Analysis include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close rivals of CMP. Founded in the exact same duration, CIP releases similar kind of books. For a large time period, CIP held the biggest market share, and still ranks 3rd and 2nd in different market segments, with a significant concentrate on instructional publications. CIP functions as a risk 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 When The Uncountable Counts An Alternative To Monitoring Employee Performance 2 Case Study Help quickly in the present market circumstance.
Posts and telecommunication Press (PTP).
Another close competitor of CMP is PTP. It was also established in the same period as CMP and CIP. It ranks sixth in the state-owned publishers in regards to company scale. It is likewise one of the prominent gamers in the publishing market with an annual overall incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing reliance over the Chinese markets.
• Increasing variety of Customers
• Development chances.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Use of prospective resources in expansion.
• Threat of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present utilizing existing capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio offers high worth to clients.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core company sectors to the brand-new one can lead the business to lose need of its items in the market.
Recommendations
As the preferences are shifting towards digital publishing and the company require an immediate solution to prevent the decreasing industry development. The company might also think about the expansion program after the success of its digital publishing program.
Execution
In order to present digital publishing in its item portfolio, the company must initially gathers the data related to the customer demand, the prospective markets, the government guidelines and the information related to the rivals provided in the market. If the initial offering proves a success, the company needs to go for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
The development of the publishing market is declining given that 2008, showing a danger to the company's long term existence, but the situation can be controlled by thinking about a development strategy in the future. The company could think about presenting digital publishingin its existing market to execute its development program at instant basis and to avoid the risk of failure for entrance in the new markets.
