Jessica Kingsley Publishing Ltd (JKP) - SWOT, PESTLE and Porter's Five Forces Analysis

This report discusses the SWOT, PESTLE and Porter's Five Forces Analysis of Jessica Kingsley Publishing Ltd (JKP) - a multinational publishing house. It covers the macro environment factors affecting JKP's performance, its competitive position and the challenges faced by the company. The report also includes a reflection on employability skills and an action plan to develop those skills.

BBS003-1 Foundations
of Business
Communication

INTRODUCTION
Communication is a two way process and plays a vital role in success of business
organisation. It is important to note that there is formal way that is followed in business to
interact and that is known as business communication (Komlos, 2019). In this report there is
discussion related to Jessica Kingsley Publishing Ltd (JKP) which is a multinational publishing
house and has its headquarters in London. The company started its operations in 1987. In this
report there is discussion related to the macro environment factors and their impact on the
performance of business organisation. It is vital to note that there are various challenges that
come in path of an organisation, so that are also part of the report. In the report there is
evaluation of the competitive position of the company with the help of porter Five Forces model.
MAIN BODY
Part 1
About the company
Jessica Kingsley Publishing Ltd (JKP) is one of the multinational publishing house that
has its operations in various parts of world. It was founded by Jessica Kingsley in 1987. The
headquarter of the company are in London, UK. They publish the books related to behavioural
science and social science. They focus on art therapy and autism spectrum disorders. Recently
they are focusing on practical theology, palliative care, counselling, mental health. The company
earned a revenue of $9.69 million in 2019 (Wallace and et.al., 2020). The company is working
hard to achieve success. It is seen that in UK the book publishing sector is at success. It is
observed that there large number of customers in UK that like to read books. There is huge
demand of books and good content in the market. As per the publishers Association is around
£6bn in 2018. It is seen that customers are eager and interested to read and that helped the
company to attain success and grow in the market. It is important to note that there is huge
market covered by Jessica Kingsley Publishing Ltd (JKP) and have loyal customers. The
company has attained good market position and that benefits them to earn revenue. It is vital to
note that there are around 1,824 companies in the JKP corporate family. They have different
suppliers at different places. It is vital to note that UBC Press is one of the famous distributor of
JKP. It is observed that company has established good relations with the suppliers and that helps
them operate and reach the customers effectively. The major competitor is PRShots.com.

SWOT Analysis
Strength
 It is seen that people of UK are highly
interested in reading books and that is
the reason the company is able to earn
huge revenues.
 The company is operating since so
many years and has attained a good
position in the market (Aisner,
Sochneva and Chervyakov, 2020).
The brand image helps company to
attract more and more customers.
Weaknesses
 There are huge competitors in the
market that is a weakness for the
company.
 At the same it is difficult for the
company to analyse about the taste and
preference of the customers related to
book and that is also a problem faced
by the company.
Opportunities
 They can start there own e-books. As
people now a days are becoming more
digital. So this is an opportunity that
can be grabbed by the company.
 Audio books is another opportunity and
grabs attention of people that were not
interested in reading.
Threats
 Covid-19 is a threat for the company
and that is reducing the sales of the
company.
 It is seen that there are various
competitors and they have switched
towards e-books and that is problematic
for the company (Liu, T.Y., Chen, W.
and Wang, T., 2017).
PESTLE Analysis
It is seen that it is a model that helps to analyse about the macro economic factors and
their impact on the business. The analysis related to Jessica Kingsley Publishing Ltd (JKP) is
dome below:
Political: There is direct impact of political factors on profitability of JKP. It is evaluated
that there is political stability in the publishing sector in UK. At the same time JKP follows all
the policies that help them.

Economic: It is seen that inflation rate, interest rate keeps on changing. This creates
challenge for company to earn revenue when there is low demand for the products of company.
Social: It is vital for JKP to analyse the taste and preference of customers. It is seen that it
becomes difficult to identify the preference of customers in book publishing industry.
Technological: There are various innovation in the market and that are due to use of
latest technology (Bulashenko, Piltyay and Demchenko, 2020). It is seen that JKP should use
latest technology in order to work effectively and achieve success.
Legal: There are various laws that are applicable to the company. In relation to JKP the
company abides with all the laws and that helps them to work effectively.
Environmental: It has now became essential to take care of all the resources that they
got from environment. So, they recycled the papers and used all the resources optimally that
benefits them environment .
As per the PESTLE Analysis it is seen that using latest technology and following all laws
will be beneficial for the company. Also they should take care of environment in order to achieve
success.
Porter’s Five Forces Model
There are five forces that are studies under this model and they help to analyse about the
competitive position of the company in the market.
Threats of New Entrants: It is important to note that the new players in the market bring
innovation and new ideas in publishing industry. As well as there are less barriers in the market
so new player can enter the industry easily. It is seen that in relation to JKP, there is threat of
new entrants present in the market.
Bargaining Power of Buyers: It is seen that the demand of books is reducing day by
day. As there are various players that are providing e-books and audio books (McNeese and
et.al., 2020). So the bargaining power of buyers is high in case of JKP.
Bargaining Power of Suppliers: It is seen that JKP are good network with suppliers and
that is advantageous for the company. As suppliers play a major role in achieving success.
Threats of Substitute Products: It is vital to note that there are various organisations
that are dealing in similar products. It is suggested that JKP focuses on the preference of
customers and provide them the products better that that of competitors.

Rivalry among the Existing Competitors: It is seen that there are various organisations
that are in the same business. So, it is suggested to innovate the products and provide the goods
in affordable prices to its customers.
Identifying key issues faced
It is vital to note that there are number of challenges that are faced by JKP and its
management. It is vital to identify the challenges as well as find ways in which they can be
solved. The key issues faced are as follows:
 The rise of audio books: It is important to note that before wards there was good demand
of books offered by JK, but due to innovations and development in product the
competitors have came up with audio books (Long, 2018). This has reduced the demand
for the goods of company and the customers are purchasing audio books.
 They are unable to predict about the needs and wants of customers. This is a issue as their
book will be liked by the customers or not.
 Along with that the company has to cut cost so as to establish good position in market
and that also reduces the quality of books offered (Dix, 2017Hobbs, 2019). They also
face issues related to competition present in the market.
CONCLUSION
From the above report it can be analysed that business communication plays a vital role
in the smooth operation of the business organisation. It is observed that a company should work
in an effective manner by knowing about the trends in the market. It is important to note that it is
important to know about the key people of the organisation such as customers, suppliers and they
contribute to the success of the company. In the report there is discussion related to macro
economic factors that is supported by PESTLE analysis. There is also description related to
SWOT Analysis to now about the opportunities and challenges of company. It is vital to analyse
competition in the market so that is also part of this report. In the end of this report there is
discussion related to the issues faced by the organisation.

Part 2
Reflection
It is important to have knowledge about the skills that are required to get job. It is vital
for a person to have knowledge about self. It is seen that a person that is able to evaluate self and
know about the weaknesses and areas of development (Duthler and Dhanesh, 2018).
Employability skills include all the skills that are required by an individual to perform job
effectively. It becomes essential for an individual to develop those skills that will help them. So
Gibbs reflective model is used to elaborate the same. It is a model that has four stages and each
stage has its own importance. These stages helped me gain employability skills that will help me
while doing job. The stages are discussed below:
Concrete Experience: It is the time when I entered University. I was so nervous and
feeling hesitation in talking to others. I tried to interact with others and also with seniors. There
are number of students and all were different from one other. I tried to focus on my classes and
build healthy relation with my teachers. It was the time I understood that there is need of good
communication skills so as to interact in an effective way.
Reflective Observation of the New Experience: After some time I got adjusted in the
University, and it is a good place than I imagined. There we were taught and we have to make

notes. I analysed that writing skills are also important to study effectively (Duarte and et.al.,
2021). At the same time I observed that there is requirement of Information and technology skills
as each and every thing is turning digital so if an individual wants good job than there is
requirement of digital skills. As now all the work is computerised so it is vital to have knowledge
about computer skills.
Abstract Conceptualization: I have understood that there is need of various skills that
need improvement. As there is need of communication skills at each and every level as it is seen
that for clearing the interview and to work effectively while job there is need of good and
effective communication skills. Communication skills are required at every part like while
interacting with senior, customers, suppliers as well as team members. Along with that I have
analysed that numeracy skills are also required to do research and to understand the statistics. It
is seen that there is need of good and effective numeracy skills. I have also evaluated that there is
need to learn Microsoft office as that is required the mos while performing effectively. It is vital
to note that all the reports, presentations are formulated with the help of using computer. It is
now became essential to have good knowledge of computer. It is essential for me to learn and
develop ITC skills as that will help me to get a job and work effectively. Problem solving skills
play a vital role while doing job (Hauser, Rheingans and Scheuermann, 2018). It is evaluated
that there are various changes when there are conflicts among the team members and it is very
important for the organisation that they have employees that have talent top solver the problems.
It is seen that a company hires the employees that have good and effective problem solving
skills. It is also seen that I should develop team working skills as that help to work effectively.
While studying in University we were assigned various group projects that were completed
effectively due to cooperation. So, from there I learnt team working skills and analysed that it
will definitely work at the time of doing job. By setting targets and assigning duties to all the
team members they became attentive and make efforts to work in such a manner the team goals
are achieved.
Active Experimentation: All these skills will help me while I will apply for the job and
do job. I have analysed that communication skills are must and by having good and effective
interacting skills I will be able to get job effectively as well as it will help me to work in team
also. I have analysed that by working on all the skills I will become employment ready. There

are many skills such as communication, numeracy, ICT, problem solving skills as well as team
working skills that will help me to get a goo job and work effectively over there.
Action Plan
I want to develop all these skills and action plan will help me to develop these skills. It is
a document that shows the skills and their importance as well as SMART objectives are also
shown that will help the ways to enhance those skills. The action plan is formulated below:
Skills Importance SMART Objectives
Communication skills It is important to have
effective communication skills
as they help to communicate
with customers, suppliers as
well as team members
 To Enhance
communication skills I
will take classes for a
time period of 3
months
 As well as I will
practice to interact with
my seniors.
ICT Skills As each and every work is
now done through computer so
it is important to have
knowledge of Microsoft.
 To enhance ICT skills I
will take online classes.
 Along with that I will
take help of my
teachers at University.
Problem Solving skills While working in an
organisation there are various
problems. It is important to
have ability to solve these
problems.
 By doing meditation on
regular basis one can
enhance problem
solving skills.
Team working skills It is important to have ability
to work in team and manage
team to achieve goals and
objectives effectively.
 By working in team in
University I am able to
enhance my team
working skills.

REFERNCES:
Books and Journals: