Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Solution and Analysis
Intro
Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis is the biggest publishing company with a highest market share in the China's book retail market. CMP provides a number of services consisting of; collecting info, processing information and interaction services. Significant service sections of the business consist of; books, regulars, consultancy and distribution. The company has a huge product portfolio and its significant products consist of books, regulars, online media, exhibits, research study reports etc. Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis has ended up being a specialized information supplier and a big detailed Science and Technology publishing company through the combination of print media, audio-visual media and the network media.
Vital Problems
Although, Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Solution has actually invested its 60 years journey efficiently, being a successful publishing house, nevertheless, the altering macro market patterns and forces bring certain challenges to the publishing market in general and CMP in specific. These aspects consist of;
• Entrance of the new publishing companies in the industry.
• Decreasing growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Improvement of science and innovation.
The improvement of the macro markets have raised a number of questions 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 capabilities of the business 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
Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Solution has certain strengths that can be utilized to decrease the risks, overcome the weak point and avail the opportunities. Strengths of CMP are provided as follows;
• The long term experience of Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Solution in the publishing market i.e. 60 years enables the company to supply high quality products at a lower expense using its previous experiences.
• The technical resources and capabilities created by its successful journey supply a competitive advantage to CMP.
• Vast product portfolioof CMP helps it to diversify its risk and offer high worth to its customers.
• Strong financial position enables the business to think about several advancement chances with no worry of raising fund externally.
Weaknesses
Together with the strengths, the company has specific weak points which could increase constraints for the company in implementing its development program. The weak points of Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis are given as follows;
• Despite of being a science and technology publishing company, the company still has conventional methods ofpublishing which are not compatible with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It should propose particular growth strategies to prevent its reliance over the Chinese markets to accomplish long term growth.
Opportunities
Although, the growth of the publishing industry is declining considering that 2008, affecting Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis as well, however the development might be revived by availing specific chances provided in the market. The marketplace opportunities for CMP include;
• The company could also present Digital Publishing by using its long term technical experience and a strong client recognition in the market.
• CMP could think about an advancement program through the growth towards foreign markets in order to reduce its reliance over Chinese markets by using its vast funds.
Dangers
The altering macro trends in the market and increasing competitors in the publishing market has actually posed specific threats to Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Help consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries might result in declining market share of Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Help due to the customer shift towards virtual libraries.
• The presence of large number 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 promo, quality items, etc.
• Entrance of new publishing firms in the industry in addition to presence of high competitors increases the risk of losing the customer base.
Monetary Analysis.
The company has a rather competitive monetary efficiency. Due to absence of information, the financial ratios of CMP could not be calculated. The general monetary performance of the business might be analyzed by utilizing the charts offered in the case Appendices. It might be examined from the Appendix III that the annual total revenues of CMP during the duration 2000-2012 are growing at a high development rate, showing that the yearly demand of the products of Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis is growing and the business is quite effective in drawing in a large number of clients at a potential price.
In addition to it, the 2nd chart which shows the yearly development in the Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Solution overall properties, reveals that the company is rather effective in adding worth to its assets through its incomes. The development in properties reveals that the overall worth of the firm is likewise increasing with increasing the overall incomes. (Unknown, 2013).
Another financial analysis of the company using the offered information might be the analysis relating to the circulation of overall incomes of the business. Huge part of the profits of CMP comes from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The company could move towards other organisation sectors with a possible development to attain its future advancement goal.
PESTEL Analysis
PESTEL analysis could be carried out to find out the various external forces affecting the efficiency of the company and the recent trends in the external environment of the company. A brief PESTEL analysis of the business is offered as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a considerable impact on the mindset of individuals about the communist ideology of the government, therefore, the publishing sector is extremely monitored and directed by the Promotion Department of the Communist Celebration of China. It could be stated that the overall political forces impacting CMP business are high. The federal government policies regarding the publishing sector are also increasing with the passage of time.
Economical.
Economic forces affecting the publishing sector in basic and the CMP in particular includesthe rates of paper, the income level of customers, the inflation rate, and the overall GDP development of the country. All these forces combine impact the need for the publishing market.
Social and Demographical.
Social and demographical forces include the population growth, the customer's choices towards checking out helpful products etc. China has the highest population in the world with a high population growth, showing the increasing number of customers of the Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Solution. However, the consumer choices are shifting towards digital publishing instead of the traditional was of publishing. In this regard, CMP must concentrate on digital publishing to fulfill the changing customer choices.
Technological.
Technological forces affecting the CMP consist of the technological development in the reading methods and so on. Improvement of science and technology along with the increase of digital publishing might minimize the need for the CMP items, if certain actions would not be taken quickly.
Environmental.
Environmental forces impacting Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis includes the issues of environmental communities over the usage of paper in publishing books. The paper utilized in the books while publishing is required to be disposable and the ink utilized while publishing needs to not be hazardous for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. The legal regulations concerning the publishing sector is controlled by the General Administration of Press and Publication. Publishing Ordinance 1997 requires the publishers to be approved initially by the Federal government to be gone into in the publishing market. The ordinance forbids direct participation of foreign entities and people in the publishing sector.
Industry Analysis (Porter's 5 Forces Design).
Porter's Five Forces Design might be utilized to evaluate the attractiveness of the publishing market China. A quick analysis of the Porter's Five Forces is offered as follows;.
Threat of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Market is moderate. The potential development in the market tends to draw in new entrants to the publishing industry. The existence of intense competitors and the requirement of substantial capital tends to demotivate new entrants to enter in the market.
Threat of Substitution.
Hazard of Substitution is high for the Chinese Publishing Industry. The substitute products for the released files is the files presented in the digital libraries on certain websites. The changing customer choices towards digital knowing increase the danger of replacement for the market.
Competitive Rivalry.
Competitive rivalry in the publishing industry is high. The existence of large number of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive competition for CMP. Along with it, brand-new entrants are likewise participating in the marketplace increasing the competitors for CMP.
Bargaining Power of Provider.
The major providers of the Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis consist of the suppliers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the overall 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 presence of a large number of publishers in the Chinese market and the market saturation, the buyers needs high quality documents at competitive costs.
Rivals Analysis.
CMP operates in a highly competitive market with the existence of a great deal of rivals. The business has a competitive position in the market with the greatest market share in the Chinese publishing market. Significant competitors of Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Help consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close competitors of CMP. Established in the same duration, CIP releases similar type of books. For a large period, CIP held the largest market share, and still ranks 2nd and third in numerous market sections, with a major focus on academic publications. CIP serves as a danger 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 marketplace share of Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis easily in the present market scenario.
Posts and telecommunication Press (PTP).
It was also founded in the same duration as Widening The Lens The Challenges Of Leveraging Boardroom Diversity Case Study Analysis and CIP. It is likewise one of the prominent gamers in the publishing industry with a yearly total earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing number of Consumers
• Growth opportunities.
• Preventing the impact of market saturation in the Chinese publishing industry.
Cons
• Use of prospective resources in growth.
• Risk of failure in new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining customer base.
• Approaching brand-new markets.
• Easy to introduce utilizing current abilities.
• Low threat of Failure.
• Low requirement for funds.
• Increased item portfolio offers high value to consumers.
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 brand-new one can lead the company to lose need of its items in the market.
Recommendations
As the choices are moving towards digital publishing and the company need an immediate service to avoid the declining industry development. The business could also consider the growth program after the success of its digital publishing program.
Execution
In order to introduce digital publishing in its product portfolio, the company should first collects the data related to the customer demand, the possible markets, the government policies and the information associated with the rivals presented in the market. After that, the business should choose one possible sector for its preliminary offering. It ought to gather research that how it could separate its digital publishing from the existing competitors' products. After all the actions above the company should opt for the initial offering. The business ought to go for the other markets if the initial offering proves a success. In this method the business would be able to implement its digital publishing program.
Conclusion
The development of the publishing industry is decreasing given that 2008, revealing a hazard to the company's long term presence, but the scenario can be managed by considering an advancement strategy in the future. The business might consider introducing digital publishingin its existing market to implement its advancement program at immediate basis and to prevent the risk of failure for entryway in the brand-new markets.
