Why Is The Universe Against Me A And B Abridged Case Study Solution and Analysis
Introduction
Why Is The Universe Against Me A And B Abridged Case Study Help is the largest publishing company with a greatest market share in the China's book retail market. CMP has actually ended up being a specialized information supplier and a big extensive Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Important Problems
CMP has actually invested its 60 years journey smoothly, being an effective publishing house, however, the changing macro market patterns and forces bring certain obstacles to the publishing market in basic and Why Is The Universe Against Me A And B Abridged Case Study Help in particular. These factors consist of;
• Entrance of the brand-new publishing companies in the market.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing methods
• Enhancement of science and innovation.
The change of the macro markets have raised numerous 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 company could be utilized to pursue the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Why Is The Universe Against Me A And B Abridged Case Study Analysis has particular strengths that can be utilized to lower the dangers, get rid of the weak point and get the chances. Strengths of CMP are provided as follows;
• The long term experience of Why Is The Universe Against Me A And B Abridged Case Study Help in the publishing industry i.e. 60 years enables the company to supply high quality products at a lower expense utilizing its prior experiences.
• The technical resources and capabilities generated by its successful journey provide a competitive advantage to CMP.
• Huge item portfolioof CMP helps it to diversify its risk and supply high worth to its clients.
• Strong monetary position enables the business to think about numerous development chances without any fear of raising fund externally.
Weaknesses
In addition to the strengths, the company has specific weak points which might increase restrictions for the company in implementing its development program. The weak points of Why Is The Universe Against Me A And B Abridged 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 development. It needs to propose certain growth plans to avoid its dependence over the Chinese markets to achieve long term development.
Opportunities
The development of the publishing market is declining given that 2008, impacting Why Is The Universe Against Me A And B Abridged Case Study Analysis as well, but the growth could be revived by availing specific opportunities presented in the market. The market chances for CMP consist of;
• The company might also present Digital Publishing by utilizing its long term technical experience and a strong customer acknowledgment in the market.
• CMP might consider a development program through the expansion towards foreign markets in order to reduce its dependence over Chinese markets by using its large funds.
Threats
The changing macro trends in the market and increasing competitors in the publishing industry has positioned particular dangers to Why Is The Universe Against Me A And B Abridged Case Study Help consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries might cause decreasing market share of Why Is The Universe Against Me A And B Abridged Case Study Solution due to the customer shift towards virtual libraries.
• The existence of a great deal of rivals in the publishing market increase the danger for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by utilizing particular strategies like aggressive promotion, quality products, etc.
• Entryway of brand-new publishing firms in the market together with presence of high competition increases the risk of losing the customer base.
Financial Analysis.
Due to lack of information, the financial ratios of CMP could not be determined. It might be analyzed from the Appendix III that the yearly overall revenues of Why Is The Universe Against Me A And B Abridged 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 consumers at a potential rate.
Along with it, the 2nd chart which reveals the annual development in the Why Is The Universe Against Me A And B Abridged Case Study Solution overall possessions, reveals that the company is quite efficient in including worth to its possessions through its profits. The growth in assets shows that the overall worth of the firm is also increasing with increasing the overall earnings. (Unknown, 2013).
Another monetary analysis of the business using the given data might be the analysis relating to the distribution of overall profits of the business. Huge part of the profits of CMP comes from the sales of its released books i.e. 64% as displayed in the Case Appendix V. The business could move towards other business sectors with a potential development to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis could be carried out to find out the numerous external forces impacting the efficiency of the company and the recent patterns in the external environment of the company. A quick PESTEL analysis of the business is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a significant influence on the state of mind of the people about the communist ideology of the government, for that reason, the publishing sector is highly supervised and directed by the Publicity Department of the Communist Party of China. Therefore, it could be said that the total political forces impacting Why Is The Universe Against Me A And B Abridged Case Study Solution company are high. The federal government policies relating to the publishing sector are also increasing with the passage of time.
Cost-effective.
Economic forces impacting the publishing sector in general and the Why Is The Universe Against Me A And B Abridged Case Study Solution in specific includesthe costs of paper, the income level of consumers, the inflation rate, and the overall GDP growth of the country. All these forces integrate impact the need for the publishing market. Along with it, the economic policies related to the import of books impact the general service at CPM. Nevertheless, China's financial conditions are rather beneficial for CMP with high GDP development and customer earnings level.
Social and Demographical.
Social and demographical forces consist of the population development, the customer's choices towards reading informative materials and so on. China has the highest population in the world with a high population growth, showing the increasing number of customers of the Why Is The Universe Against Me A And B Abridged Case Study Solution. The customer choices are shifting towards digital publishing rather than the traditional was of publishing. In this regard, CMP must focus on digital publishing to meet the changing consumer preferences.
Technological.
Technological forces impacting the CMP include the technological improvement in the reading methods and so on. Enhancement of science and technology together with the rise of digital publishing could reduce the need for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces impacting Why Is The Universe Against Me A And B Abridged Case Study Help includes the issues of ecological neighborhoods over the usage of paper in publishing books. The paper utilized in the books while publishing is required to be non reusable and the ink utilized while publishing ought to not be damaging for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. The legal guidelines concerning the publishing sector is controlled by the General Administration of Press and Publication. Publishing Regulation 1997 requires 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 Five Forces Model).
Porter's 5 Forces Model might be utilized to analyze the attractiveness of the publishing industry China. A quick analysis of the Porter's 5 Forces is given as follows;.
Threat of New Entrants.
Risks of new entrants in the Chinese Publishing Industry is moderate. The potential development in the industry tends to attract brand-new entrants to the publishing market. The existence of extreme competitors and the requirement of substantial capital tends to demotivate new entrants to go into in the market.
Danger of Alternative.
Risk of Substitution is high for the Chinese Publishing Market. The substitute items for the released documents is the files provided in the virtual libraries on specific websites. The altering consumer choices towards digital learning increase the hazard of substitution for the industry.
Competitive Rivalry.
Competitive rivalry 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 likewise participating in the marketplace increasing the competitors for CMP.
Bargaining Power of Supplier.
The significant suppliers of the Why Is The Universe Against Me A And B Abridged Case Study Help include the providers of the paper for publishing files. 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 Buyer.
Haggling power of buyer 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 runs in an extremely competitive industry with the presence of a great deal of competitors. Nevertheless, the company has a competitive position in the market with the greatest market share in the Chinese publishing market. Major competitors of Why Is The Universe Against Me A And B Abridged Case Study Analysis include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis among the close competitors of CMP. Founded in the exact same duration, CIP releases similar kind of books. For a large time period, CIP held the largest market share, and still ranks 2nd and third in different market sectors, with a significant concentrate on academic publications. CIP functions as a hazard for CMP as it might wean its market share due to its long term competitive background. CIP is focused on digital publishing and could wean the marketplace share of Why Is The Universe Against Me A And B Abridged Case Study Solution easily in the current market scenario.
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 service scale. It is likewise one of the popular gamers in the publishing market with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing variety of Clients
• Development chances.
• Preventing the effect of market saturation in the Chinese publishing industry.
Cons
• Use of possible resources in growth.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to present using existing capabilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased item portfolio offers high worth to consumers.
Cons
• Competitors in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core organisation sections to the new one can lead the company to lose demand of its items in the market.
Recommendations
As the preferences are shifting towards digital publishing and the business require an instant option to avoid the declining industry development. The company might likewise think about the expansion program after the success of its digital publishing program.
Execution
In order to present digital publishing in its product portfolio, the business must initially collects the information connected to the customer need, the possible markets, the federal government guidelines and the information connected to the competitors provided in the market. After that, the business must choose one potential section for its initial offering. It should gather research that how it might separate its digital publishing from the existing competitors' items. After all the steps above the company need to opt for the preliminary offering. The company needs to go for the other markets if the preliminary offering shows a success. In this way the business would have the ability to implement its digital publishing program.
Conclusion
Although, the growth of the publishing market is decreasing given that 2008, revealing a hazard to the company's long term existence, but the situation can be controlled by thinking about a development plan in the future. The company might think about introducing digital publishingin its existing market to implement its advancement program at immediate basis and to prevent the danger of failure for entrance in the new markets.
