Women Board Directors Championing The Tough Issues Case Study Solution and Analysis
Introduction
Women Board Directors Championing The Tough Issues Case Study Analysis is the biggest publishing company with a greatest market share in the China's book retail market. CMP has become a specialized info supplier and a large thorough Science and Innovation publishing business through the integration of print media, audio-visual media and the network media.
Vital Issues
Although, Women Board Directors Championing The Tough Issues Case Study Analysis has actually invested its 60 years journey efficiently, being a successful publishing home, however, the altering macro market patterns and forces bring certain obstacles to the publishing market in general and CMP in specific. These aspects consist of;
• Entryway of the new publishing firms in the market.
• Decreasing development of the publishing market.
• Market saturation.
• Introduction of digital publishing methods
• Enhancement of science and technology.
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 circumstance? Do the long important experience, technical resources and the capabilities of the business could be made use of to strive for the future development unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Women Board Directors Championing The Tough Issues Case Study Solution has certain strengths that can be made use of to decrease the dangers, conquer the weakness and avail the chances. Strengths of CMP are provided as follows;
• The long term experience of Women Board Directors Championing The Tough Issues Case Study Help in the publishing industry i.e. 60 years permits the company to offer high quality products at a lower cost using its previous experiences.
• The technical resources and capabilities produced by its successful journey supply a competitive benefit to CMP.
• Large product portfolioof CMP assists it to diversify its danger and offer high worth to its consumers.
• Strong financial position enables the company to think about numerous advancement opportunities without any worry of raising fund externally.
Weaknesses
Along with the strengths, the business has certain weaknesses which might increase restraints for the company in executing its development program. The weaknesses of Women Board Directors Championing The Tough Issues Case Study Analysis are provided as follows;
• Despite of being a science and innovation publishing firm, the company still has traditional methods ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its growth. It must propose particular growth strategies to prevent its dependence over the Chinese markets to achieve long term development.
Opportunities
The growth of the publishing industry is decreasing since 2008, impacting Women Board Directors Championing The Tough Issues Case Study Analysis as well, however the growth might be revived by availing particular opportunities presented in the market. The market opportunities for CMP include;
• The company might also present Digital Publishing by using its long term technical experience and a strong consumer recognition in the market.
• CMP might consider a development program through the growth towards foreign markets in order to minimize its dependence over Chinese markets by utilizing its vast funds.
Threats
The altering macro trends in the market and increasing competition in the publishing market has posed certain risks to Women Board Directors Championing The Tough Issues Case Study Solution consisting of;( Gurel, 2017).
• Intro of digital publishing i.e. virtual libraries might result in decreasing market share of Women Board Directors Championing The Tough Issues Case Study Analysis due to the consumer shift towards virtual libraries.
• The existence of large number of rivals in the publishing market increase the danger for CMP to lose its competitive position in the market, as competitors can gain a strong consumer base by using specific methods like aggressive promo, quality items, and so on
• Entrance of brand-new publishing companies in the industry along with existence of high competition increases the danger of losing the client base.
Monetary Analysis.
Due to absence of information, the financial ratios of CMP might not be calculated. It might be examined from the Appendix III that the annual overall earnings of Women Board Directors Championing The Tough Issues Case Study Analysis during the period 2000-2012 are growing at a high growth rate, revealing that the annual need of the products of CMP is growing and the business is quite efficient in drawing in a big number of clients at a potential cost.
Along with it, the second chart which reveals the annual growth in the Women Board Directors Championing The Tough Issues Case Study Help total assets, reveals that the business is quite efficient in adding worth to its possessions through its earnings. The development in properties shows that the total worth of the firm is also increasing with increasing the overall earnings. (Unidentified, 2013).
Another monetary analysis of the company using the offered data could be the analysis regarding the circulation of overall revenues of the company. Major part of the incomes of CMP originates from the sales of its published books i.e. 64% as displayed in the Case Appendix V. The business could move towards other business segments with a possible development to achieve its future advancement objective.
PESTEL Analysis
PESTEL analysis could be conducted to find out the different external forces affecting the performance of the business and the recent patterns in the external environment of the company. A quick PESTEL analysis of the business is provided as follows; (Alanzi, 2018).
Political.
As the publishing sector might 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 highly monitored and directed by the Publicity Department of the Communist Celebration of China. It could be stated that the overall political forces affecting CMP organisation are high. The government policies concerning the publishing sector are also increasing with the passage of time.
Cost-effective.
Financial forces impacting the publishing sector in basic and the CMP in specific includesthe rates of paper, the income level of consumers, the inflation rate, and the general GDP growth of the nation. All these forces integrate impact the need for the publishing market.
Social and Demographical.
Social and demographical forces include the population development, the consumer's choices towards reading useful products and so on. China has the highest population worldwide with a high population development, showing the increasing number of consumers of the Women Board Directors Championing The Tough Issues Case Study Analysis. However, the consumer choices are moving towards digital publishing rather than the standard was of publishing. In this regard, CMP should focus on digital publishing to meet the changing consumer choices.
Technological.
Technological forces impacting the CMP consist of the technological advancement in the reading strategies etc. Enhancement of science and technology together with the increase of digital publishing could decrease the demand for the CMP products, if specific actions would not be taken soon.
Environmental.
Ecological forces impacting Women Board Directors Championing The Tough Issues Case Study Help includes the issues of ecological neighborhoods over the usage of paper in publishing books. The paper used in the books while publishing is needed to be non reusable and the ink used while publishing should 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 Government to be entered in the publishing market.
Industry Analysis (Porter's Five Forces Model).
Porter's Five Forces Model could be used to evaluate the attractiveness of the publishing market China. A short analysis of the Porter's Five Forces is given as follows;.
Threat of New Entrants.
Risks of new entrants in the Chinese Publishing Market is moderate. The prospective growth in the market tends to draw in brand-new entrants to the publishing industry. The existence of extreme competitors and the requirement of substantial capital tends to demotivate new entrants to go into in the market.
Hazard of Substitution.
Hazard of Alternative is high for the Chinese Publishing Market. The replacement products for the published files is the documents presented in the digital libraries on specific sites. The changing consumer preferences towards digital knowing increase the risk of alternative for the industry.
Competitive Competition.
Competitive rivalry in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Industry like CIP, PTP and so on tends to produce high competitive rivalry for CMP. In addition to it, brand-new entrants are likewise entering into the market increasing the competition for CMP.
Bargaining Power of Supplier.
The major providers of the Women Board Directors Championing The Tough Issues Case Study Analysis include the providers of the paper for releasing files. As CMP is the largest publisher in the Chinese Publishing Market, therefore the general bargaining power of supplier for CMP is low.
Bargaining Power of Purchaser.
Bargaining 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 requires high quality documents at competitive prices.
Rivals Analysis.
CMP operates in a highly competitive market with the existence of large number of competitors. Nevertheless, the company has a competitive position in the market with the highest market share in the Chinese publishing market. Major rivals of Women Board Directors Championing The Tough Issues Case Study Help include;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Industry Press (CIP).
CIPis one of the close rivals of CMP. Founded in the exact same duration, CIP releases similar kind of books. For a big period, CIP held the largest market share, and still ranks 2nd and 3rd in numerous market sections, with a major concentrate on academic publications. CIP acts as a threat for CMP as it might wean its market share due to its long term competitive background. CIP is concentrated on digital publishing and might wean the marketplace share of Women Board Directors Championing The Tough Issues Case Study Solution easily in the present market circumstance.
Posts and telecommunication Press (PTP).
It was also founded in the very same duration as Women Board Directors Championing The Tough Issues Case Study Help and CIP. It is also one of the prominent players in the publishing market with an annual overall revenues of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Minimizing reliance over the Chinese markets.
• Increasing variety of Customers
• Development opportunities.
• Preventing the effect 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: Introduce Digital Publishing
Pros
• Sustaining customer base.
• Approaching new markets.
• Easy to introduce utilizing existing abilities.
• Low danger of Failure.
• Low requirement for funds.
• Increased product 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 sectors to the new one can lead the company to lose need of its items in the market.
Suggestions
With the deep analysis of the external and internal environment of the business along with the market analysis and the competitor analysis, Alternative 2 is recommended to CMP to achieve its future advancement. As the choices are moving towards digital publishing and the company need an immediate solution to prevent the declining market development. Introduction of digital publishing could show to be an instant service with low amount of threat for the company. The company might also think about the growth program after the success of its digital publishing program.
Implementation
In order to introduce digital publishing in its item portfolio, the company must initially collects the information associated with the consumer demand, the potential markets, the government regulations and the data related to the competitors presented in the market. After that, the business ought to decide one prospective section for its preliminary offering. It needs to collect research that how it could differentiate its digital publishing from the existing rivals' products. After all the actions above the business need to opt for the initial offering. If the initial offering shows a success, the company needs to choose the other markets. In this method the company would be able to execute its digital publishing program.
Conclusion
The development of the publishing market is declining considering that 2008, revealing a threat to the company's long term presence, however 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 execute its development program at immediate basis and to avoid the danger of failure for entrance in the new markets.
