Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Solution and Analysis
Intro
Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Help is the largest publishing business with a highest market share in the China's book retail market. CMP has become a specialized details provider and a big thorough Science and Technology publishing business through the integration of print media, audio-visual media and the network media.
Important Problems
CMP has invested its 60 years journey smoothly, being an effective publishing house, however, the altering macro market patterns and forces bring certain difficulties to the publishing industry in basic and Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Help in specific. These elements include;
• Entryway of the new publishing companies in the industry.
• Declining growth of the publishing market.
• Market saturation.
• Intro of digital publishing strategies
• Improvement 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 abilities of the company could be utilized to pursue the future advancement unceasingly? How could the company sustain its long term competitive position in future?
Situational Analysis
Internal Analysis
SWOT Analysis
Strengths
Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Analysis has specific strengths that can be utilized to decrease the threats, get rid of the weakness and obtain the opportunities. Strengths of CMP are given as follows;
• The long term experience of Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Analysis in the publishing market i.e. 60 years permits the business to provide high quality items at a lower expense using its previous experiences.
• The technical resources and capabilities created by its effective journey provide a competitive benefit to CMP.
• Vast item portfolioof CMP assists it to diversify its threat and offer high worth to its customers.
• Strong financial position enables the business to consider several development chances with no fear of raising fund externally.
Weaknesses
Together with the strengths, the company has particular weaknesses which might increase constraints for the business in executing its development program. The weaknesses of Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Analysis are offered as follows;
• Despite of being a science and innovation publishing company, the business still has standard ways ofpublishing which are not suitable with the growing technological shift.
• CMP extremely relies over the Chinese markets for its development. It should propose certain growth strategies to prevent its dependence over the Chinese markets to accomplish long term development.
Opportunities
Although, the development of the publishing market is declining given that 2008, impacting Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Analysis as well, however the development could be revived by availing particular opportunities provided in the market. The marketplace opportunities for CMP consist of;
• The company might likewise present Digital Publishing by using its long term technical experience and a strong consumer acknowledgment in the market.
• CMP could consider a development program through the growth towards foreign markets in order to decrease its reliance over Chinese markets by utilizing its huge financial resources.
Dangers
The changing macro trends in the market and increasing competition in the publishing market has postured particular risks to Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Solution including;( Gurel, 2017).
• Introduction of digital publishing i.e. virtual libraries might lead to declining market share of Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Analysis due to the customer shift towards digital libraries.
• The presence of a great deal of rivals in the publishing market increase the threat for CMP to lose its competitive position in the market, as competitors can gain a strong consumer base by utilizing specific strategies like aggressive promotion, quality products, etc.
• Entrance of new publishing firms in the industry together with existence of high competition increases the risk of losing the client base.
Monetary Analysis.
The company has a rather competitive financial performance. Due to absence of data, the monetary ratios of CMP could not be computed. However, the overall financial performance of the business might be analyzed by utilizing the graphs given up the case Appendices. It might be evaluated from the Appendix III that the annual overall revenues of CMP during the duration 2000-2012 are growing at a high development rate, showing that the yearly need of the products of Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Analysis is growing and the business is quite efficient in attracting a a great deal of consumers at a potential rate.
Together with it, the 2nd chart which reveals the yearly development in the Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Help overall assets, shows that the business is quite effective in including worth to its possessions through its earnings. The development in assets reveals that the total value of the firm is also increasing with increasing the total incomes. (Unidentified, 2013).
Another monetary analysis of the company using the given data might be the analysis concerning the distribution of total revenues of the business. Huge part of the earnings 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 service sections with a potential growth to achieve its future development objective.
PESTEL Analysis
PESTEL analysis could be conducted to find out the various external forces affecting the efficiency of the business and the recent patterns in the external environment of the company. A quick PESTEL analysis of the business is given as follows; (Alanzi, 2018).
Political.
As the publishing sector might have a considerable effect on the frame of mind of the people about the communist ideology of the federal government, for that reason, the publishing sector is extremely monitored and assisted by the Promotion Department of the Communist Party of China. It could be stated that the general political forces affecting CMP service are high. The federal government policies relating to the publishing sector are likewise increasing with the passage of time.
Economical.
Financial forces impacting the publishing sector in general and the CMP in particular includesthe rates of paper, the earnings level of customers, the inflation rate, and the total GDP development of the nation. All these forces integrate impact the need for the publishing market.
Social and Demographical.
Social and demographical forces consist of the population development, the consumer's choices towards checking out useful products etc. China has the greatest population in the world with a high population development, showing the increasing number of consumers of the Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Solution. The consumer choices are shifting towards digital publishing rather than the conventional was of publishing. In this regard, CMP ought to focus on digital publishing to fulfill the changing consumer choices.
Technological.
Technological forces impacting the CMP consist of the technological improvement in the reading techniques and so on. Improvement of science and technology along with the rise of digital publishing might lower the demand for the CMP items, if specific actions would not be taken soon.
Environmental.
Ecological forces affecting Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Solution consists of the concerns of environmental 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 harmful for the environment.
Legal.
Legal policies for the publishing sector at whole are high. The legal policies regarding the publishing sector is managed by the General Administration of Press and Publication. Publishing Ordinance 1997 requires the publishers to be approved initially by the Federal government to be entered in the publishing market. The ordinance prohibits direct participation of foreign entities and individuals in the publishing sector.
Industry Analysis (Porter's 5 Forces Design).
Porter's Five Forces Design could be used to analyze the attractiveness of the publishing industry China. A brief analysis of the Porter's Five Forces is provided as follows;.
Threat of New Entrants.
Hazards of new entrants in the Chinese Publishing Market is moderate. The prospective development in the industry tends to attract brand-new entrants to the publishing industry. However, the existence of extreme competition and the requirement of substantial capital tends to demotivate new entrants to enter in the market.
Hazard of Alternative.
Threat of Replacement is high for the Chinese Publishing Market. The replacement products for the released files is the files provided in the digital libraries on certain websites. The altering consumer preferences towards digital knowing increase the hazard of substitution for the industry.
Competitive Rivalry.
Competitive competition in the publishing industry is high. The presence of large number of customers in the Chinese Publishing Market like CIP, PTP and so on tends to produce high competitive rivalry for CMP. Along with it, brand-new entrants are likewise entering into the market increasing the competition for CMP.
Bargaining Power of Supplier.
The major suppliers of the Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Solution consist of the suppliers of the paper for releasing documents. As CMP is the biggest publisher in the Chinese Publishing Market, therefore the overall bargaining power of provider for CMP is low.
Bargaining Power of Purchaser.
Negotiating power of buyer in the publishing industry is high. Due to the presence of a a great deal of publishers in the Chinese market and the marketplace saturation, the buyers needs high quality files at competitive costs.
Rivals Analysis.
CMP runs in a highly competitive industry with the presence of large number of rivals. The business has a competitive position in the market with the highest market share in the Chinese publishing market. Significant rivals of Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Solution consist of;.
• Chemical Industry Press (CIP).
• Posts and telecommunication Press (PTP).
Chemical Market Press (CIP).
CIPis among the close competitors of CMP. Established in the very same duration, CIP publishes similar type of books. For a big time period, CIP held the biggest market share, and still ranks 2nd and third in different market segments, with a major focus on instructional publications. CIP functions as a hazard for CMP as it could 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 On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Help quickly in the current market situation.
Posts and telecommunication Press (PTP).
It was also established in the same period as Women On Boards Of Directors Why Skirts In Seats Arent Enough 2 Case Study Help and CIP. It is likewise one of the popular gamers in the publishing industry with an annual total incomes of RMB 550 million in 2010.
Alternatives
Alternative-1: Broaden towards New Markets
Pros
• Reducing reliance over the Chinese markets.
• Increasing variety of Clients
• Growth chances.
• Avoiding the effect of market saturation in the Chinese publishing market.
Cons
• Use of possible resources in expansion.
• Danger of failure in brand-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 product 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 segments to the brand-new one can lead the business to lose demand of its products in the market.
Recommendations
As the preferences are moving towards digital publishing and the company require an instant service to prevent the decreasing industry development. The company might also think about the expansion program after the success of its digital publishing program.
Application
In order to introduce digital publishing in its product portfolio, the business must initially gathers the data related to the consumer need, the potential markets, the government guidelines and the data associated with the rivals presented in the market. After that, the company needs to choose one potential section for its initial offering. It needs to gather research that how it might distinguish its digital publishing from the existing rivals' items. After all the steps above the business need to go for the preliminary offering. The business ought to go for the other markets if the initial offering proves a success. In this way the business would be able to execute its digital publishing program.
Conclusion
Although, the growth of the publishing market is decreasing since 2008, showing a risk to the company's long term existence, but the circumstance can be managed by considering an advancement plan in the future. The business could think about presenting digital publishingin its existing market to implement its development program at instant basis and to prevent the danger of failure for entryway in the brand-new markets.
