Verified Document

Mcgraw Hill Is An America Company Headquartered Essay

McGraw Hill is an America company headquartered in New York City. Founded in 1999, the company posted revenues of $6.2 Billion in 2010 and has almost 21,000 employees. The company primarily serves the business, education and publishing industry through publication of books and magazines. In addition, McGraw Hill is the parent company of Standard and Poor's, Platts, and J.D. Power and Associates (www.McGraw-Hill.com). For the publishing side, McGraw-Hill offers educational solutions via print and electronic means for K-postgraduate; their financial services and information and media group in both the U.S. And Canada focus on investment research; they also own 9 broadcasting television stations, but may be divesting those entities. Based on the market trends, McGraw has been focusing on electronic means of supplying media. Recently, in November 2012, the company sold its educational division to the Apollo Management Group for $2.5 billion and shift its focus to being a provider of financial information (Crotty, 2012).

Part 3 -- The global publishing industry is about a $250-300 billion dollar industry; with education being about 5% of that market. Trends in publishing, however, focus more on electronic delivery of books thanks to both e-readers and tablets as well as a more focused public opinion about sustainability and the environment. Within the financial services and investment advice industry there are a number of small competitors, but overall profitability is focused on longevity and reputation. Books comprise about 42% of the overall global market, but more than 65% of that market is comprised of music, video, and books (Global Publishing Industry, 2012).

Part 4 -- Thousands of small publishers have failed within the industry, largely due to undercapitalization and choice of particular authors and/or publishers. In the publishing industry, success is all about demand and costs. There are four industry leaders, Pearson, Random House, Thomson Reuters, and a group of magazine publishers (Ibid).

Part 5 -- The publishing industry must operate with the same legal guidelines as any other business for employees, taxation, accounting, etc. Depending on the type of publisher there are also ethical considerations (fact checking, libel, etc.).

Part 6 -- Book publishing is an elastic market -- paperback sales rise when the economy is in recession and with...

Readership in ethnic communities and types of books spur sales -- e.g. Ophra's Book Club, etc. Sustainability and the greening of the environment also affect the industry.
Part 8- Advances in publishing and delivery systems have a profound effect on the industry. Tablets and e-readers have changed the entire industry.

Part 9- McGraw's current firm-level strategy is divesting the educational publishing market and focusing on financial services and financial publications.

Part 10- See above.

Part 11- More and more textbooks are becoming available through rentals and eBooks, reducing the cost of publishing and distribution drastically.

Part 12- Depending on the niche, marketing was based on the type of publication. Educational books were sold to districts via curriculum reps; popular books are marketed through a variety of end points; financial services are marketed through traditional means (print, radio, television and word-of-mouth).

Part 13- As of the year ending 2011, McGraw was losing money in the Broadcasting and Educational markets; retaining earnings in the Financial Information Market and breaking even with Standard and Poor's. Fiscal strategies include divestment and re-focus on profitable products (Narapareddy, 2011).

Part 14- Without the educational albatross, purchasing and production strategies will continue to shift to more electronic publications and delivery systems.

Part 15- The company will downsize due to trimming of certain functions in education and broadcasting; this will be companywide, and will include management, staff, and HR personnel.

Part 16- Strengths include longevity, diversity, cash on hand, reputation.

Part 17- Weaknesses include over emphasis on unprofitable segments; high costs for administration, and the need for a more targeted focus on new and innovative tablet solutions.

Part 18- By focusing on the financial market, MH can move its entire organization forward by redeveloping an expertise in a market it knows well. The company plans to use the proceeds from the education sale to fund its stock buyback…

Sources used in this document:
REFERENCES

http://www.mcgraw-hill.com

About Course Smart. (2012). Retrieved from: http://www.coursesmart.com/aboutus?aboutview=media#pressedmap

Global Publishing Industry. (2012). Report Linker. Retrieved from: http://www.reportlinker.com/ci02098/Publishing.html

Croty, J. (November 27, 2012). McGraw-Hill Sells Education Unit to Apollo. Forbes. Retrieved from: http://www.forbes.com/sites/jamesmarshallcrotty/2012/11/28/mcgraw-hill-sells-education-unit-to-apollo-bellwether-for-education-publishing/
Cite this Document:
Copy Bibliography Citation

Related Documents

FedEx Corporation FedEx Company Overview FedEx Is
Words: 1167 Length: 4 Document Type: Essay

FedEx Corporation FedEx Company Overview FedEx is a global organization that provides wide variety of business portfolio such as e-commerce, transportation and business services. FedEx operates and competes effectively under collective brand names such as FedEx Express, FedEx Freight, FedEx Ground, and FedEx Kinko's. The objective of the paper is to provide comprehensive report on FedEx that include FedEx's strategy for success in the marketplace and the company four main business strategy. The report

How Karmel Games Leveraged Made in America Into Corporate Success
Words: 880 Length: 3 Document Type: Term Paper

Decision to Outsource or Manufacture in-House Today, a growing companies of all sizes and types are confronted with the decision concerning whether it is in their best interests to manufacture their products in-house or outsource the various functions of the supply chain. One such company is Karmel Games which is headquartered in La Jolla, California. Founded in 2006 by Geoffrey Moran (current CEO) and Kim Treffinger (current sales director), Karmel

Kellogg's Company
Words: 1961 Length: 6 Document Type: Term Paper

Breakfast is considered the important meal of the day. It is a good, nutritional start for the rest of the day. The metabolism of the human body is at its peak from morning to noon. More energy is required during this period. Nutritionists believe that breakfast should be the heaviest meal of the day. And meals should become smaller as the day progresses. Cereal is a good source of carbohydrates

Quiksilver, Inc. Case Study Brief
Words: 2910 Length: 10 Document Type: Case Study

37). This approach is highly congruent with the guidance of marketing experts such as Wheaton (2004) who advises, "There are synergies between different lifestyle sports industries and their media. Corporations make equipment for several lifestyle sports, sometimes under different brand names. Clothing companies like Quiksilver sell to a range of lifestyle sport markets including skating, surfing, windsurfing, snowboarding and have been quick to exploit the potential of emergent and rapidly

Apple's and Htc Marketing Management and Strategies
Words: 3341 Length: 10 Document Type: Term Paper

MARKETING STRATEGY, PLANNING & Management PROCESS: APPLE & HTC Analysis of the Marketing Strategy, Planning and Management Process Apple Inc. is a multinational company incorporated in America and headquartered in Cupertino. The firm designs, sells, and develops consumer electronics, online services, personal computers, and computer software. The company is widely known for its hardware products such as the iPod media player, iPhone Smartphone, Mac computers, and iPad tablet computer. The company offers

Internal and External Business Environment of Two
Words: 5701 Length: 18 Document Type: Research Paper

internal and external business environment of two fast food giants, McDonald's and KFC. The major sections of the paper include introduction to the companies; the competitive analysis of the fast food industry using five forces model; the Balanced Scorecard and SWOT analysis of the companies; and a set of recommendations in the light of these analyses. The purpose of this paper is to present an analysis of the Global fast

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now