Strategic Management Robert Smith, Hong Kong CFO, is uncomfortable with financial projections for the strategic e-book initiative and did not approve the e-book strategy from the beginning . Will Harper, an established and well-known author, has reservations about e-books. These are some of the few problems that Hong Kong publishing faces and this has affected the overall strategy (Anonymous, 2008). McGill, CEO of HK, must play politics to reach this agreement and move forward with the e-book publishing project. When selecting projects to implement in an organization, an important factor that influences project selection, financing, resource allocation, or prioritization is the extent of individual and organizational politics. Organizational politics can be defined as actions of individuals or groups to acquire, develop, and use power and other resources to achieve desired outcomes when there is uncertainty or disagreement about choices (Gray, 2008). Politics exists in every organization and can have a significant influence on which projects receive funding and high priority (Gray, 2008). Project structure The structure of the project is decided by the interested parties. Key players such as the CEO and CFO have initial input regarding the structure of the project. However, this structure must be approved by the Board of Directors and other interested parties such as author Will X. Harper. Negotiating personal preferences and organizational politics is very similar to playing a game of chess, where a brilliant move to sacrifice a piece or two results in decisive gains in terms of positional advantage (Gray, 2008). Strategic Management Process Strategic management is about organizational success now and in the future. This management and research approach focuses on the company's ability to organize its routines, capabilities and resources for success. Harrison-Keyes failed to establish a strategic management process to identify steps and assign actions on how they would transform from a hardcover publishing company to a digital publishing company when they reviewed the publishing agreement drawn up by corporate lawyers . you will need to develop a plan to inventory available resources, get resources identified, and establish parties responsible for deliverables to manage a successful project. If you want your company to be successful with strategic planning and implementation, you need to define an outcome breakdown. This would not only allow the organization to be more efficient, but would also allow time for reassessment if necessary. Strategic management is the process of identifying, deciding and implementing intentions and how the company intends to achieve them.