Why Project Networks Beat Project Teams Case Study Solution and Analysis
Intro
Why Project Networks Beat Project Teams Case Study Solution is the biggest publishing company with a greatest market share in the China's book retail market. CMP has actually become a specialized information company and a big thorough Science and Technology publishing company through the integration of print media, audio-visual media and the network media.
Important Problems
Although, Why Project Networks Beat Project Teams Case Study Help has spent its 60 years journey efficiently, being an effective publishing house, however, the changing macro market trends and forces bring particular challenges to the publishing industry in basic and CMP in specific. These factors include;
• Entrance of the new publishing firms in the industry.
• Decreasing growth of the publishing market.
• Market saturation.
• Intro 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 important experience, technical resources and the abilities of the business could be made use of to strive for the future advancement unceasingly? How could the business sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Why Project Networks Beat Project Teams Case Study Help has particular strengths that can be used to minimize the risks, overcome the weak point and obtain the opportunities. Strengths of CMP are provided as follows;
• The long term experience of Why Project Networks Beat Project Teams Case Study Solution in the publishing industry i.e. 60 years allows the business to provide high quality items at a lower cost using its prior experiences.
• The technical resources and abilities generated by its successful journey provide a competitive advantage to CMP.
• Huge item portfolioof CMP assists it to diversify its risk and supply high worth to its customers.
• Strong monetary position permits the company to consider numerous development chances with no fear of raising fund externally.
Weaknesses
In addition to the strengths, the business has certain weaknesses which might increase restraints for the business in executing its development program. The weak points of Why Project Networks Beat Project Teams Case Study Analysis are offered as follows;
• Despite of being a science and innovation publishing firm, the company still has standard methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It must propose specific growth plans to prevent its dependence over the Chinese markets to achieve long term development.
Opportunities
The growth of the publishing industry is declining since 2008, impacting Why Project Networks Beat Project Teams Case Study Help as well, but the growth could be revived by availing certain opportunities presented in the market. The market chances for CMP include;
• The company might also present Digital Publishing by utilizing its long term technical experience and a strong consumer recognition in the market.
• CMP could think about an advancement program through the growth towards foreign markets in order to lower its reliance over Chinese markets by utilizing its large financial resources.
Hazards
The altering macro trends in the market and increasing competition in the publishing industry has actually posed particular hazards to Why Project Networks Beat Project Teams Case Study Solution consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. digital libraries could lead to declining market share of Why Project Networks Beat Project Teams Case Study Help due to the consumer shift towards virtual libraries.
• The presence of a great deal of competitors in the publishing industry increase the danger for CMP to lose its competitive position in the market, as rivals can get a strong consumer base by using specific methods like aggressive promo, quality products, and so on
• Entryway of new publishing firms in the market along with presence of high competition increases the danger of losing the customer base.
Monetary Analysis.
Due to absence of data, the financial ratios of CMP could not be computed. It might be evaluated from the Appendix III that the yearly overall profits of Why Project Networks Beat Project Teams Case Study Help during the period 2000-2012 are growing at a high development rate, showing that the yearly need of the products of CMP is growing and the business is rather effective in drawing in a big number of consumers at a potential cost.
Along with it, the 2nd chart which reveals the yearly development in the Why Project Networks Beat Project Teams Case Study Solution overall assets, shows that the company is quite efficient in adding worth to its properties through its revenues. The growth in assets shows that the overall value of the company is also increasing with increasing the total incomes. (Unknown, 2013).
Another monetary analysis of the company utilizing the provided information could be the analysis regarding the distribution of overall profits of the company. Major part of the earnings of CMP comes from the sales of its released books i.e. 64% as shown in the Case Appendix V. The company could move towards other service segments with a potential development to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis could be performed 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 short PESTEL analysis of the company is given as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a significant influence on the mindset of the people about the communist ideology of the government, for that reason, the publishing sector is extremely monitored and guided by the Promotion Department of the Communist Celebration of China. It might be stated that the overall political forces affecting CMP service are high. The government policies relating to the publishing sector are likewise increasing with the passage of time.
Economical.
Financial forces affecting the publishing sector in general and the Why Project Networks Beat Project Teams Case Study Analysis in particular includesthe costs of paper, the income level of customers, the inflation rate, and the general GDP development of the nation. All these forces combine impact the demand for the publishing market. In addition to it, the economic policies related to the import of books impact the overall service 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 growth, the customer's choices towards checking out helpful materials etc. China has the highest population in the world with a high population development, revealing the increasing variety of customers of the Why Project Networks Beat Project Teams Case Study Help. However, the customer choices are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP must focus on digital publishing to fulfill the altering customer preferences.
Technological.
Technological forces impacting the CMP consist of the technological development in the reading techniques and so on. Improvement of science and innovation in addition to the rise of digital publishing might lower the need for the CMP products, if certain actions would not be taken quickly.
Environmental.
Ecological forces impacting Why Project Networks Beat Project Teams Case Study Help consists of the concerns of ecological communities over the use of paper in publishing books. The paper used in the books while publishing is needed to be disposable and the ink used while publishing needs 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 approved initially by the Government to be entered in the publishing market.
Market Analysis (Porter's Five Forces Design).
Porter's Five Forces Design could be used to analyze the appearance of the publishing market China. A quick analysis of the Porter's Five Forces is offered as follows;.
Danger of New Entrants.
Dangers of brand-new entrants in the Chinese Publishing Market is moderate. The potential development in the market tends to bring in brand-new entrants to the publishing market. However, the existence of intense competition and the requirement of big capital tends to demotivate new entrants to enter in the market.
Hazard of Replacement.
Hazard of Replacement is high for the Chinese Publishing Market. The substitute products for the published documents is the files provided in the digital libraries on particular websites. The changing customer choices towards digital learning increase the hazard of alternative for the industry.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The existence of a great deal of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive competition for CMP. In addition to it, new entrants are likewise entering into the marketplace increasing the competitors for CMP.
Bargaining Power of Provider.
The significant providers of the Why Project Networks Beat Project Teams Case Study Solution include the suppliers of the paper for releasing files. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the overall bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of purchaser in the publishing industry is high. Due to the presence of a large number of publishers in the Chinese market and the market saturation, the buyers requires high quality documents at competitive costs.
Competitors Analysis.
CMP runs in an extremely competitive industry with the existence of large number of competitors. The business has a competitive position in the market with the highest market share in the Chinese publishing market. Significant competitors of Why Project Networks Beat Project Teams Case Study Help consist of;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close rivals of CMP. Founded in the very same duration, CIP publishes similar type of books. For a large time period, CIP held the biggest market share, and still ranks second and 3rd in various 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 could wean the market share of Why Project Networks Beat Project Teams Case Study Analysis quickly in the present market situation.
Posts and telecommunication Press (PTP).
It was likewise established in the exact same period as Why Project Networks Beat Project Teams Case Study Help and CIP. It is also one of the popular players in the publishing industry with an annual total revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Customers
• Development opportunities.
• Avoiding the impact of market saturation in the Chinese publishing market.
Cons
• Usage of potential resources in expansion.
• Threat of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to introduce utilizing existing capabilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high value to customers.
Cons
• Competition in the market by CIP, who has prior concentrate on the digital publishing.
• Shift of focus from the core organisation sections to the brand-new one can lead the company to lose demand of its products in the market.
Suggestions
As the preferences are moving towards digital publishing and the business require an immediate solution to avoid the declining market growth. The company could also consider the expansion program after the success of its digital publishing program.
Execution
In order to present digital publishing in its item portfolio, the company should initially gathers the information related to the customer need, the possible markets, the government guidelines and the information related to the rivals presented in the market. If the initial offering proves a success, the company must go for the other markets. In this way the business would be able to implement its digital publishing program.
Conclusion
Although, the development of the publishing market is decreasing since 2008, showing a threat to the company's long term presence, but the scenario can be managed by considering an advancement strategy in the future. The business might think about introducing digital publishingin its existing market to implement its development program at immediate basis and to prevent the risk of failure for entryway in the new markets.
