Harrison-Keyes Generic Benchmarking
The evolving world of business has necessitated change for companies. This change has moved some companies to the next level, while others have suffered. The difference between the companies that succeed and those that don’t is important for generic benchmarking. Examining how companies have enacted and sustained new initiatives can be invaluable for a company looking to change themselves. The Harrison-Keyes (HK) Publishing Company is looking to change their business model. This paper examines companies that have gone through similar changes, and how generic benchmarking could greatly aid HK in their future.
Identification of Key Course Concepts
Organization Strategy and Project Selection:
Organization strategy is the envisioning of a future for an organization, the creation of value to customers, and building and sustaining a strong marketplace position. There are three critical elements of organizational strategy. The first element is the organization’s vision which describes the business for this organization. The second element is the mission which describes the current and long-term objectives for this organization. In addition, the third element is the competitive advantage which is what differentiates this organization from others. The implementation of projects is the method in which an organization’s strategy is fulfilled. Every project should contribute value to the organization’s strategic plan, which is designed to meet the future needs of its customers (Gray & Larson, 2005, p. 21).
Project Management Structure:
Project management structure is the technique in which firms implement projects. There are four different project management structures: functional o ...