McGraw-Hill Research Paper Example | Topics and Well Written Essays - 2250 words

McGraw-Hill - Research Paper Example 117). They needed to figure out whether they needed to make a book, which was common or accommodated to different professors. One of the initial things that the company needs to carry out is a feasibility study. This would be significant since creating something without knowing its important could be extremely expensive in the end. Analysis Question 1 McGraw-Hill in determining the feasibility of the Primis idea had several numbers of questions to ask itself before investing in the project. The main question, which the company needed to ask itself, is whether they had money and if not where were they going to get them. The second question was whether they had technological means of delivering, the ability to carry out research, the capacity to store materials and the method to be used in delivering the materials to the required point of sale in a timely manner. Other question was whether they had the means, opportunity as well as the revenue pack to justify getting the business idea started. Moreover, before making their materials, they need to examine a piece of work, which has been doing well in the market and compare it with those that are not doing very well. The other question was the uniqueness the new product would bring into the already competitive market in order to gain grounds. ... This includes determining whether the company was able to print the entire textbooks, which are currently demanded on time, even though they had no idea if custom publishing was feasible. The team also had to look at additional factors of pricing as well as quality. The company was also lucky to own its fast printing machine, which was the only one in the flour of the house publishing at that time. The system received funding which was a key to developing the system. In addition, the company had developed the content, had the storage capacity as well as the printer to start with. Question 3 The team should have tried to learn the objectives that will be met by the scheme. This objective needs mainly to be quantitative goals so that when the project is put into place it is easy to relate quantitatively the accomplishment with the initial objective set. Analysts must be able to approximate what hardware, as well as human resources, will be required to apply a system to meet the objecti ves. Analyst should also explore other ways to put into practice the system as well as their resource requirements. A cost-benefit analysis must be obtained for every alternative and provided to the administration. The analysis will be important for a company to determine which resolution they are likely to put in place. Feasibility of attaining objectives with available technology, as well as human resource together with cost, is vital parameters for informed administration decision-making process. Question 4 In my own view, I would not have implemented the system with the information the company had at that time. I would have first note the weaknesses in the current scheme as well as set goals to get rid of