The assignment content discusses a business problem faced by three carpet store businesses: Trusty Carpet Store, Mike Carpet Store, and Metro Carpet Store. The problem is to effectively merge their sales and customer components into a single operation with aligned strategies and goals. The proposed solution is business process management, which involves defining a vision statement, identifying critical business components, streamlining operations, establishing proper communication or IT systems, and setting a time frame for implementation. Major benefits of the solution include increased sales, customer satisfaction, and revenue generation, as well as improved productivity and efficiency. However, there are also risks associated with this problem, including organizational, IT, and financial risks.