Running head: PROBLEM SOLUTION: HARRISON-KEYES INC.
Problem Solution: Harrison-Keyes Inc.
University of Phoenix
Problem Solution: Harrison-Keyes Inc.
The publishing industry is receiving fierce competition because approximately 25 million people in the United States consider themselves writers and because of the ease and the advantages of self publishing. (Power, n.d., para. 1) As a result, Harrison-Keyes, Inc. a large publisher is required to shift its strategic management in order to ensure company survival. Failed implementation and project control has harmed organizational strategies leaving the e-publishing project at the mercy of the newly hired CEO, who seem to have other plans for the struggling publishing giant.
Describe the Situation
Issue and Opportunity Identification
Harrison-Keyes, being at the forefront of the information age and the digital era is faced with a tremendous challenge to either complete its electronic publishing endeavor or leave it behind entirely. Having received the news about the unfortunate events that led to the closing of Asia Digital, the company's partner in digital conversion has resulted in chaos among management and left them to scramble for a new affiliate with similar expertise and pricing. Not having the right risk management system and a contingency plan readily available in time of need, the continuance of the implementation of the project is on hold. "Risk management is a process which provides assurance that: objectives are more likely to be achieved; damaging things will not happen or are less likely to happen; beneficially things will be or are more likely to be achieved" (The Benefits, n.d. para. 1). Due to the circumstances, Harrison-Keyes has the opportunity to research and r ...