Concept Application of Concept in the Scenario Reference to Concept in Reading
Align corporate strategy with project management
Harrison Keyes did not align their strategy with projects that need to be completed.
• The company did not clearly define where the company wants to go long-term. Instead the company saw the problem as reduced market share and decided to offer e-books.
• Further benchmarking research would have allowed the organization to understand where e-books were accepted as a preferred style. For example, schools, universities, and institutions that can apply one book over many students or members would be accepted more readily that offering a book to the common public.
• Benchmarking would have also allowed the company to understand how the authors would accept or reject the e-book technology
• Finally, the company could have aligned projects that would have benchmarked and understood the degree of technology needed to publish e-books and provide security for copyrights.
The scenario Selecting and Initiating Projects shared the importance of aligning company long-term strategy with selecting the right projects. Companies must understand their core business and strategy so they choose projects that align and strengthen the company.
During the scenario, the student was able to apply the four activities of the strategic management process:
1. Review and define the organizational mission.
2. Set long-range goals and objectives.
3. Analyze and formulate strategies to reach objectives. Implement strategies through projects (Gray & Larson, 2006).
“In the modern evolving organization, project managers will be from getting the job done to achieving the business results and winning in the m ...