When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Solution and Analysis
Intro
When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Solution is the largest publishing business with a greatest market share in the China's book retail market. CMP offers a variety of services including; collecting info, processing information and communication services. Significant business sections of the company consist of; books, periodicals, consultancy and circulation. The business has a large item portfolio and its major items consist of books, regulars, online media, exhibitions, research study reports etc. When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Help has become a specialized details provider and a big extensive Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Critical Concerns
Although, When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Solution has actually spent its 60 years journey efficiently, being a successful publishing house, however, the changing macro market patterns and forces bring specific difficulties to the publishing market in basic and CMP in specific. These elements consist of;
• Entryway of the new publishing companies in the market.
• Decreasing 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 numerous concerns to the management at CPM that what could be the future of CMP in this circumstance? Do the long valuable experience, technical resources and the abilities of the company could be used to pursue 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 Case Study Help has certain strengths that can be utilized to reduce the hazards, get rid of the weak point and avail the opportunities. Strengths of CMP are offered as follows;
• The long term experience of When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Solution in the publishing industry i.e. 60 years enables the company to provide high quality products at a lower expense using its prior experiences.
• The technical resources and abilities created by its effective journey supply a competitive advantage to CMP.
• Huge product portfolioof CMP helps it to diversify its threat and supply high value to its clients.
• Strong financial position permits the company to think about a number of development opportunities without any worry of raising fund externally.
Weaknesses
Along with the strengths, the company has specific weak points which might increase restrictions for the company in implementing its development program. The weak points of When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Analysis are provided as follows;
• Despite of being a science and innovation publishing company, the business still has standard methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It needs to propose specific expansion plans to avoid its reliance over the Chinese markets to attain long term development.
Opportunities
Although, the development of the publishing industry is declining since 2008, affecting When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Help as well, but the development could be restored by availing particular opportunities presented in the market. The marketplace chances for CMP consist of;
• The business might also introduce Digital Publishing by using its long term technical experience and a strong consumer acknowledgment in the market.
• CMP could think about a development program through the growth towards foreign markets in order to decrease its dependence over Chinese markets by utilizing its large funds.
Dangers
The altering macro trends in the market and increasing competitors in the publishing industry has actually presented specific dangers to When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Analysis including;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries could lead to declining market share of When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Help due to the customer shift towards digital libraries.
• The presence of a great deal of competitors in the publishing market increase the danger for CMP to lose its competitive position in the market, as rivals can acquire a strong consumer base by using specific techniques like aggressive promo, quality items, and so on
• Entrance of new publishing companies in the market together with existence of high competitors increases the hazard of losing the client base.
Monetary Analysis.
The company has a rather competitive monetary efficiency. Due to lack of information, the financial ratios of CMP could not be calculated. However, the total monetary performance of the company could be examined by using the graphs given in the case Appendices. It could be evaluated from the Appendix III that the yearly total earnings of CMP during the duration 2000-2012 are growing at a high growth rate, showing that the yearly need of the items of When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Help is growing and the company is quite efficient in bring in a large number of customers at a prospective rate.
Along with it, the 2nd chart which reveals the yearly growth in the When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Solution total assets, shows that the business is quite effective in adding value to its properties through its incomes. The growth in properties reveals that the total value of the company is also increasing with increasing the overall profits. (Unidentified, 2013).
Another monetary analysis of the business utilizing the offered information could be the analysis relating to the circulation of total profits of the business. Major part of the earnings 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 organisation sections with a possible development to attain its future advancement objective.
PESTEL Analysis
PESTEL analysis might be carried out 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 provided as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a considerable effect on the state of mind of individuals about the communist ideology of the government, for that reason, the publishing sector is extremely monitored and directed by the Promotion Department of the Communist Party of China. It could be said that the general political forces affecting CMP service are high. The government policies regarding the publishing sector are likewise increasing with the passage of time.
Cost-effective.
Economic forces affecting the publishing sector in general and the CMP in specific includesthe prices of paper, the income level of consumers, the inflation rate, and the general GDP growth of the country. All these forces integrate effect the need for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population growth, the consumer's preferences towards reading informative materials etc. China has the highest population in the world with a high population growth, showing the increasing variety of customers of the When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Solution. The customer preferences are moving towards digital publishing rather than the traditional was of publishing. In this regard, CMP ought to concentrate on digital publishing to satisfy the altering consumer preferences.
Technological.
Technological forces impacting the CMP consist of the technological advancement in the reading strategies and so on. Improvement of science and innovation together with the increase of digital publishing could lower the need for the CMP products, if particular actions would not be taken soon.
Environmental.
Environmental forces impacting When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Help 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 used while publishing ought to not be harmful for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. Publishing Regulation 1997 needs the publishers to be authorized initially by the Government to be gone into in the publishing market.
Market Analysis (Porter's 5 Forces Design).
Porter's Five Forces Model might be utilized to evaluate the appearance of the publishing market China. A quick analysis of the Porter's Five Forces is given as follows;.
Threat of New Entrants.
Risks of new entrants in the Chinese Publishing Market is moderate. The prospective growth in the industry tends to attract new entrants to the publishing industry. The existence of extreme competitors and the requirement of huge capital tends to demotivate new entrants to enter in the market.
Risk of Substitution.
Hazard of Alternative is high for the Chinese Publishing Industry. The alternative products for the published documents is the documents presented in the digital libraries on particular websites. The altering customer choices towards digital learning increase the risk of alternative for the industry.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of large number of consumers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Together with it, brand-new entrants are also entering into the market increasing the competition for CMP.
Bargaining Power of Provider.
The significant suppliers of the When The Uncountable Counts An Alternative To Monitoring Employee Performance Case Study Analysis include the suppliers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the total bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Haggling power of buyer in the publishing industry is high. Due to the existence of a a great deal of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality documents at competitive costs.
Competitors Analysis.
CMP operates in an extremely competitive industry with the existence of a great deal of competitors. However, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major competitors of When The Uncountable Counts An Alternative To Monitoring Employee Performance 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 quickly in the existing market circumstance.
Posts and telecommunication Press (PTP).
Another close rival of CMP is PTP. It was likewise founded in the exact same duration as CMP and CIP. It ranks sixth in the state-owned publishers in terms of service scale. It is also among the popular players in the publishing market with a yearly total profits of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Decreasing dependence over the Chinese markets.
• Increasing variety of Consumers
• Development opportunities.
• Avoiding the effect of market saturation in the Chinese publishing industry.
Cons
• Usage of possible resources in expansion.
• Risk of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to present using existing abilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio provides high worth to consumers.
Cons
• Competition in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core business sections to the brand-new one can lead the company to lose need of its items in the market.
Recommendations
As the preferences are moving towards digital publishing and the business need an instant option to avoid the decreasing market development. The business could likewise consider the expansion program after the success of its digital publishing program.
Implementation
In order to introduce digital publishing in its item portfolio, the business needs to first gathers the information associated with the consumer need, the prospective markets, the federal government policies and the information related to the rivals presented in the market. After that, the business must decide one prospective sector for its preliminary offering. It needs to gather research that how it could distinguish its digital publishing from the existing competitors' products. The actions above the company ought to go for the initial offering. If the preliminary offering proves a success, the business should go for the other markets. In this way the business would be able to implement its digital publishing program.
Conclusion
The growth of the publishing industry is decreasing because 2008, showing a danger to the company's long term existence, but the scenario can be managed by thinking about an advancement plan in the future. The business might think about presenting digital publishingin its existing market to implement its development program at instant basis and to avoid the threat of failure for entryway in the new markets.
