Running head: PROBLEM SOLUTION: HARRISON-KEYES INC.
Problem Solution: Harrison-Keyes Inc.
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University of Phoenix
Problem Solution: Harrison-Keyes Inc.
Problem-solving and decision-making are basic components of daily business interactions. When delving into the process of decision-making today, major decision makers within a firm must possess a sound decision-making methodology. Over time, top managers have discovered that traditional decision-making processes may lack vital elements of critical thinking for effective and timely decision-making. Therefore, effective business leaders have adopted increasingly thorough and aggressive approaches to outlining alternatives, evaluating those defined alternatives, defining solutions, and assessing risk associated with the defined solutions.
Harrison-Keyes, Inc. is a century-old company that specializes in publishing scientific, technical and business books and journals, professional and consumer books, textbooks, and other educational materials for all levels of study. During that century, Harrison-Keyes has shifted its focus from publishing the works of well-established authors to publishing business, scientific, and technical materials. In the process, Harrison-Keyes has established itself as prominent company in the publishing industry; however, recently increased competition has caused profits to decrease, a new CEO to be hired, and the adoption of a new strategic approach. This new, wide-ranging strategy focused on e-publishing, promises to impact many groups associated with the organization. The effects may not be all positive, but the ultimate goal of the strategy is to improve the organization. Senior leadership's new strategy also has its ethical implications as w ...