Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Solution and Analysis
Introduction
Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Analysis is the largest publishing company with a highest market share in the China's book retail market. CMP has ended up being a specialized info supplier and a large detailed Science and Technology publishing company through the combination of print media, audio-visual media and the network media.
Critical Issues
CMP has actually invested its 60 years journey smoothly, being a successful publishing home, however, 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 Case Study Solution in specific. These aspects include;
• Entryway of the brand-new publishing firms in the market.
• Declining development of the publishing market.
• Market saturation.
• Intro 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 scenario? Do the long important experience, technical resources and the abilities of the company could be made use of to strive for the future advancement unceasingly? How could the company 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 Case Study Solution has certain strengths that can be utilized to reduce the dangers, overcome the weakness and get the opportunities. Strengths of CMP are offered 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 Case Study Analysis in the publishing industry i.e. 60 years enables the business to offer high quality items at a lower cost using its previous experiences.
• The technical resources and capabilities produced by its successful journey supply a competitive advantage to CMP.
• Large item portfolioof CMP helps it to diversify its threat and offer high value to its clients.
• Strong monetary position allows the business to consider several advancement opportunities with no fear of raising fund externally.
Weak points
In addition to the strengths, the business has specific weak points which could increase constraints for the business in implementing its development program. The weaknesses of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Help are offered as follows;
• Despite of being a science and innovation publishing company, the business still has traditional ways ofpublishing which are not suitable with the growing technological shift.
• CMP highly relies over the Chinese markets for its development. It should propose certain expansion strategies to prevent its dependence over the Chinese markets to attain long term development.
Opportunities
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 Case Study Solution as well, but the development might be revived by availing certain opportunities provided in the market. The marketplace opportunities for CMP include;
• The company might also present Digital Publishing by using its long term technical experience and a strong client acknowledgment in the market.
• CMP might think about an advancement program through the expansion towards foreign markets in order to minimize its dependence over Chinese markets by using its huge financial resources.
Hazards
The altering macro trends in the market and increasing competitors in the publishing market has presented specific risks to Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Help consisting of;( Gurel, 2017).
• Introduction of digital publishing i.e. digital libraries could result in declining market share of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Help due to the customer shift towards digital libraries.
• The presence of large number of competitors in the publishing market increase the hazard for CMP to lose its competitive position in the market, as rivals can acquire a strong consumer base by utilizing specific methods like aggressive promotion, quality products, etc.
• Entryway of brand-new publishing firms in the market along with presence of high competitors increases the threat of losing the consumer base.
Monetary Analysis.
The business has a rather competitive financial efficiency. Due to lack of information, the monetary ratios of CMP might not be determined. The total financial efficiency of the business might be analyzed by using the charts provided in the case Appendices. It could be examined from the Appendix III that the annual total incomes of CMP during the duration 2000-2012 are growing at a high development rate, revealing that the annual need of the products of Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Solution is growing and the business is rather efficient in attracting a large number of clients at a potential price.
In addition to it, the 2nd graph which reveals the annual growth in the Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Solution overall possessions, reveals that the company is quite effective in adding worth to its possessions through its revenues. The development in properties reveals that the total worth of the firm is also increasing with increasing the total earnings. (Unidentified, 2013).
Another financial analysis of the company utilizing the given information might be the analysis regarding the circulation of overall profits of the business. Major 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 business could move towards other business sections with a possible development to accomplish its future advancement objective.
PESTEL Analysis
PESTEL analysis could be conducted to discover the numerous external forces impacting the performance of the business and the recent trends in the external environment of the business. A short PESTEL analysis of the company is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector could have a substantial impact on the mindset of individuals about the communist ideology of the federal government, for that reason, the publishing sector is extremely supervised and guided by the Promotion Department of the Communist Party of China. For that reason, it could be stated that the total political forces impacting Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Solution business are high. The federal government policies relating to the publishing sector are also increasing with the passage of time.
Cost-effective.
Financial forces impacting the publishing sector in general and the CMP in specific includesthe costs of paper, the earnings level of consumers, the inflation rate, and the overall GDP development of the nation. All these forces integrate impact the demand for the publishing market.
Social and Demographical.
The customer preferences are moving towards digital publishing rather than the traditional was of publishing. In this regard, CMP ought to focus on digital publishing to fulfill the changing consumer preferences.
Technological.
Technological forces impacting the CMP consist of the technological advancement in the reading strategies etc. Improvement of science and technology along with the increase of digital publishing could minimize the need for the CMP items, if certain actions would not be taken soon.
Environmental.
Ecological forces impacting Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Solution consists of the issues of ecological communities over the usage of paper in publishing books. The paper used 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 policies for the publishing sector at whole are high. Publishing Ordinance 1997 requires the publishers to be authorized first by the Federal government to be gone into in the publishing market.
Industry Analysis (Porter's Five Forces Model).
Porter's Five Forces Design might be utilized to examine the beauty of the publishing industry China. A quick analysis of the Porter's 5 Forces is offered as follows;.
Hazard of New Entrants.
Hazards of brand-new entrants in the Chinese Publishing Industry is moderate. The potential development in the market tends to bring in new entrants to the publishing market. Nevertheless, the presence of intense competition and the requirement of substantial capital tends to demotivate brand-new entrants to go into in the marketplace.
Danger of Substitution.
Hazard of Replacement is high for the Chinese Publishing Industry. The replacement products for the released documents is the files provided in the virtual libraries on certain sites. The changing consumer choices towards digital learning increase the threat of alternative for the industry.
Competitive Rivalry.
Competitive rivalry in the publishing industry is high. The presence of a great deal of customers in the Chinese Publishing Industry like CIP, PTP etc. tends to produce high competitive rivalry for CMP. Along with it, new entrants are likewise participating in the market increasing the competition for CMP.
Bargaining Power of Supplier.
The major providers of the Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Analysis include the suppliers of the paper for publishing documents. As CMP is the biggest publisher in the Chinese Publishing Market, for that reason the total bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Haggling power of buyer in the publishing market is high. Due to the existence of a a great deal of publishers in the Chinese market and the market saturation, the buyers requires high quality documents at competitive costs.
Competitors Analysis.
CMP operates in a highly competitive industry with the existence of large number of competitors. The company has a competitive position in the market with the greatest 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 Case Study Analysis include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis among the close competitors of CMP. Established in the same duration, CIP releases comparable type of books. For a large period, CIP held the biggest market share, and still ranks 2nd and third in various market sectors, with a major concentrate on academic publications. 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 Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Help quickly in the current market situation.
Posts and telecommunication Press (PTP).
It was likewise established in the very same period as Women And Corporate Boards Of Directors The Promise Of Increased And Substantive Participation In The Post Sarbanes Oxley Era Case Study Solution and CIP. It is likewise one of the prominent gamers in the publishing market with a yearly total earnings of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Lowering reliance over the Chinese markets.
• Increasing number of Customers
• Growth opportunities.
• Preventing the impact of market saturation in the Chinese publishing market.
Cons
• Usage of prospective resources in expansion.
• Threat of failure in brand-new markets.
• Time consuming.
Alernative-2: Present Digital Publishing
Pros
• Sustaining consumer base.
• Approaching brand-new markets.
• Easy to introduce using existing capabilities.
• Low risk of Failure.
• Low requirement for funds.
• Increased item portfolio supplies high worth to consumers.
Cons
• Competitors 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 business to lose demand of its products in the market.
Suggestions
As the preferences are moving towards digital publishing and the company need an immediate option to prevent the declining market development. The business might also consider 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 possible markets, the federal government guidelines and the data related to the competitors presented in the market. If the initial offering proves a success, the company should go for the other markets. In this way the company would be able to execute its digital publishing program.
Conclusion
Although, the development of the publishing market is declining considering that 2008, revealing a risk to the company's long term existence, but the scenario can be controlled by thinking about a development plan in the future. The business could consider presenting digital publishingin its existing market to execute its development program at instant basis and to avoid the danger of failure for entryway in the new markets.
