Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Solution and Analysis
Intro
Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis is the largest publishing business with a greatest market share in the China's book retail market. CMP supplies a number of services including; collecting info, processing info and interaction services. Major service sections of the company consist of; books, regulars, consultancy and distribution. The company has a large item portfolio and its major items consist of books, periodicals, online media, exhibitions, research reports and so on. Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Solution has actually ended up being a specialized details supplier and a large detailed Science and Innovation publishing company through the combination of print media, audio-visual media and the network media.
Vital Concerns
CMP has spent its 60 years journey efficiently, being an effective publishing house, nevertheless, the changing macro market trends and forces bring specific challenges to the publishing market in general and Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis in specific. These aspects consist of;
• Entryway of the new publishing companies in the market.
• Declining growth of the publishing market.
• Market saturation.
• Introduction of digital publishing strategies
• Improvement 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 business could be used 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
Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Solution has particular strengths that can be used to decrease the threats, overcome the weakness and obtain the chances. Strengths of CMP are provided as follows;
• The long term experience of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Solution in the publishing market i.e. 60 years permits the business to offer high quality products at a lower cost using its previous experiences.
• The technical resources and abilities produced by its effective journey supply a competitive benefit to CMP.
• Large product portfolioof CMP assists it to diversify its danger and offer high value to its consumers.
• Strong monetary position enables the company to consider several development opportunities without any worry of raising fund externally.
Weak points
In addition to the strengths, the business has certain weaknesses which might increase constraints for the company in executing its advancement program. The weak points of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis are given as follows;
• Despite of being a science and innovation publishing firm, the business still has conventional methods ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its growth. It ought to propose specific growth strategies to avoid its reliance over the Chinese markets to attain long term growth.
Opportunities
Although, the development of the publishing industry is declining considering that 2008, affecting Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Help as well, however the growth could be restored by availing certain opportunities presented in the market. The market chances for CMP consist of;
• The business could likewise present Digital Publishing by using its long term technical experience and a strong customer acknowledgment in the market.
• CMP might think about a development program through the growth towards foreign markets in order to decrease its dependence over Chinese markets by using its vast financial resources.
Risks
The altering macro trends in the market and increasing competition in the publishing industry has presented specific hazards to Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis including;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries might lead to declining market share of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis due to the customer shift towards virtual libraries.
• The existence 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 acquire a strong consumer base by utilizing certain techniques like aggressive promotion, quality items, and so on
• Entrance of brand-new publishing firms in the industry together with existence of high competition increases the risk of losing the consumer base.
Monetary Analysis.
The business has a rather competitive financial performance. Due to absence of information, the financial ratios of CMP could not be determined. However, the overall financial efficiency of the company might be examined by using the charts given up the case Appendices. It could 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, revealing that the annual demand of the items of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis is growing and the company is rather effective in attracting a large number of customers at a possible rate.
In addition to it, the second chart which reveals the yearly development in the Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Help total assets, shows that the company is rather efficient in adding worth to its assets through its profits. The development in assets reveals that the total worth of the firm is also increasing with increasing the total revenues. (Unidentified, 2013).
Another financial analysis of the business utilizing the provided data might be the analysis relating to the circulation of total profits of the company. Huge part of the revenues of CMP originates from the sales of its released books i.e. 64% as shown in the Case Appendix V. The company might move towards other business sectors with a potential development to accomplish its future advancement goal.
PESTEL Analysis
PESTEL analysis could be carried out to find out the various external forces impacting the performance of the business and the recent trends in the external environment of the business. A brief PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial effect on the frame of mind of individuals about the communist ideology of the government, for that reason, the publishing sector is extremely supervised and guided by the Promotion Department of the Communist Party of China. Therefore, it might be said that the total political forces affecting Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis service are high. The government policies regarding the publishing sector are likewise increasing with the passage of time.
Affordable.
Financial forces impacting the publishing sector in basic and the Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis in specific includesthe costs of paper, the earnings level of customers, the inflation rate, and the general GDP growth of the country. All these forces combine impact the need for the publishing market. In addition to it, the economic policies connected to the import of books affect the general organisation at CPM. China's financial conditions are rather beneficial for CMP with high GDP growth and consumer income level.
Social and Demographical.
The customer preferences are moving towards digital publishing rather than the conventional was of publishing. In this regard, CMP must focus on digital publishing to meet the altering consumer preferences.
Technological.
Technological forces impacting the CMP include the technological advancement in the reading methods and so on. Improvement of science and technology in addition to the rise of digital publishing might reduce the need for the CMP products, if specific actions would not be taken soon.
Environmental.
Environmental forces impacting Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Analysis consists of 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 non reusable and the ink utilized while publishing must not be harmful for the environment.
Legal.
Legal regulations for the publishing sector at whole are high. Publishing Ordinance 1997 needs the publishers to be approved initially by the Federal government to be gone into in the publishing market.
Market Analysis (Porter's 5 Forces Design).
Porter's Five Forces Model could be used to evaluate the attractiveness of the publishing market China. A quick analysis of the Porter's 5 Forces is given as follows;.
Risk of New Entrants.
Risks of new entrants in the Chinese Publishing Market is moderate. The potential growth in the market tends to draw in brand-new entrants to the publishing market. The presence of intense competitors and the requirement of big capital tends to demotivate brand-new entrants to go into in the market.
Risk of Alternative.
Threat of Replacement is high for the Chinese Publishing Market. The alternative items for the published documents is the documents provided in the virtual libraries on particular websites. The changing consumer choices towards digital knowing increase the hazard of alternative for the market.
Competitive Rivalry.
Competitive rivalry in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Market like CIP, PTP etc. tends to produce high competitive competition for CMP. Together with it, new entrants are also entering into the market increasing the competition for CMP.
Bargaining Power of Supplier.
The significant suppliers of the Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Solution consist of the providers 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.
Bargaining power of buyer in the publishing market 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 files at competitive costs.
Rivals Analysis.
CMP runs in an extremely competitive industry with the presence of large number of rivals. Nevertheless, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Significant rivals of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Solution include;.
• Chemical Market Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIP acts as a danger 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 market share of CMP easily in the current market situation.
Posts and telecommunication Press (PTP).
It was also established in the same period as Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era 2 Case Study Help and CIP. It is also one of the popular gamers in the publishing industry with a yearly total incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Expand towards New Markets
Pros
• Reducing dependence over the Chinese markets.
• Increasing number of Consumers
• Development chances.
• Avoiding the effect of market saturation in the Chinese publishing market.
Cons
• Use of potential resources in expansion.
• Risk of failure in new markets.
• Time consuming.
Alernative-2: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching new markets.
• Easy to present utilizing current abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product portfolio provides high value to customers.
Cons
• Competitors in the market by CIP, who has prior focus on the digital publishing.
• Shift of focus from the core organisation sectors to the new one can lead the company to lose need of its items in the market.
Suggestions
As the choices are shifting towards digital publishing and the company need an instant solution to prevent the decreasing industry growth. The business could likewise think about the growth program after the success of its digital publishing program.
Execution
In order to present digital publishing in its product portfolio, the business must first collects the data related to the consumer demand, the prospective markets, the federal government regulations and the information related to the competitors presented in the market. If the preliminary offering shows a success, the business should go for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
Although, the growth of the publishing market is declining given that 2008, showing a risk to the company's long term existence, however the scenario can be managed by considering a development plan in the future. The business might consider presenting digital publishingin its existing market to execute its advancement program at immediate basis and to avoid the risk of failure for entryway in the brand-new markets.
