Premium Essay

Information Technology Strategic Plan

In:

Submitted By Genesis007
Words 3765
Pages 16
Information Technology Strategic Plan
My. X
Strayer University

Information Systems For Decision-Making CIS500
Dr. XYZ
March 10, 2015

Abstract
This article is focused on the format of a Business Plan strategy. It provides an overview of the company, financial, and other aspects of the business plan. The main components of business plan are: executive summary, company, products and services, market, strategy and implementation, financial plan, and financial plan. This article will show the plan for a successful corporate finance strategy, corporate finance and strategy functions that will work together and illustrate how to create shareholder value.

Keywords: Writing Business Plans, SWOT analysis, Strategy plans, financial plans, sample business plans
Introduction
Many companies are using mobile (tablets, smartphones, and blackberries) technologies to enhance their customer service experience and internal job satisfaction for their employees. Companies like Delta Airlines, PayPal, a medical company, and a software security company, has shown that using mobile/wireless technologies are reaping its benefits. They’ve also have shown that they are in touch with social media platform and engaged customers to increase their understanding of what is needed to provide better products and services.
“Indeed, many good business ideas have flopped before getting off the ground because they were not thought through fully” (Tusin, J, 2006, p. 226). A business plan enables an entrepreneur or new business starter an opportunity to fully think through their ideas through. The opening of a business plan should grab, entice and hold its readers (stakeholders, executives, bankers, decision-makers, investors, etc…) to decide if this project/business is profitable. Having an idea is good but being able to leverage something new or even take what already exist and do

Similar Documents

Premium Essay

Term Paper - Information Technology Strategic Plan

...CIS500 Information Systems for Decision-Making Term Paper - Information Technology Strategic Plan April 12, 2015 1. Write an introductory statement of the company including but not limited to the type of the company, the location, the industry in which it competes, and the organizational vision and mission that encompasses the nature of the company. Being the largest not-for-profit Catholic healthcare system serving the Delaware Valley, Mercy Health System is part of Trinity Health and sponsored by Catholic Health Ministries. Their mission is to serve in the spirit of the Gospel, which means serving the entire community with compassion and healing presence while addressing the diverse factors that impact the health needs of the whole person. Even though they treat people from all walks of life, they have a special concern for the poor and disadvantaged. The goal of Mercy Health System is to be recognized as the leader in improving the health of the community and everyone they serve. Currently, they employ approximately 6,500 caring, highly skilled personnel who are focused on creating positive patient-care. Mercy Health System is a diverse, integrated system that embodies: Four Hospitals acute care hospitals: | Mercy Fitzgerald Hospital | A 213-bed teaching hospital in Delaware County and Southwest Philadelphia | | Mercy Philadelphia Hospital | A 268-bed community teaching hospital serving the needs of West and Southwest Philadelphia communities | |...

Words: 3162 - Pages: 13

Premium Essay

Cis 500 - Term Paper - Information Technology Strategic Plan

...Term Paper Information Technology Strategic Plan CIS 500: Information Systems for Decision-Making Information Technology Strategic Plan Established in 1984, in Chattanooga, TN, 1st Step Counseling started as a privately owned counseling practice, primarily serving the local courts by providing first time DUI offenders with DUI education service and assessment, as mandated by their court ordered probation. Over the next ten years 1st Step Counseling has expanded its’ services to deliver out-come focused Mental Health and Substance Use Disorder counseling. By 1995, 1st Step Counseling had a patient census of approximately 300 patients, requiring the employ of an Internal Medicine Specialist, a Psychiatrist, a Nurse Practitioner, three Licensed Practical Nurses, two Clinical Psychologist, six Licensed Professional Counselors and two Clinical Social Workers, plus eight Administrative and Support staff. Later the same year, 1st Step Counseling opened a second office in Farragut, south of Knoxville, TN. Since this first expansion, 1st Step Counseling has established itself as a prominent Mental Healthcare Service provider, with 14 locations in or near metropolitan areas, throughout the Southeast. In January 2014, the Board of Directors decided to expand to the national market. To begin steering the company toward the national stage, the Directors and Senior Executives rebrand the company’s identity by changing the name to Access-Link Behavioral Healthcare (BHC)...

Words: 2977 - Pages: 12

Premium Essay

Information Technology

...Information Technology Strategic Plan Wahidah Muhammad Strayer University Dr. Richard Brown March 14, 2016 Information Technology Strategic Plan Blizzard Entertainment, Inc. is an American video game developer and publisher company based in Irvine, California. Founded in 1991, by three University of California, Los Angeles graduate’s students, Michael Morthaime, Frank Dearce and Allen Adham, under the name Silicon & Synapse. Before 1993, the company primarily focused on creating game ports, a connector for video game input devices, for other studios. After being acquired by Davidson & Associates, a distributor company, in 1994, the company became known as Chaos Studios and shortly after Blizzard Entertainment, Inc. Blizzard’s mission is dedicated to creating the most epic entertainment experiences…ever (us.blizzard.com.). With eight core values that represent the principles and beliefs, has shaped this company throughout the years. Their goal is to make every game as fun as possible for as many people they can reach. To improve the quality of the gaming experience, Blizzard Entertainment seeks honest feedback from gamers. Understanding that first and lasting impressions are everything in the gaming industry, the company strives to maintain a high level of respect and integrity in all interactions with players, colleagues, and business partners. Everyone has a little geek in them. With cutting edge technology, comic books, science...

Words: 2423 - Pages: 10

Premium Essay

Mr Joseph Conteh

...PROPOSED MASTERS-MPA PROPOSED TOPIC THE IMPACT OF STRATEGIC INFORMATION SYSTEM PLANNING AND IT’S ALIGNMENT WITH THE STRATEGIC PLAN OF THE ORGANIZATION A CASE STUDY: PARLIAMENT OF SIERRA LEONE (STRATEGIC PLAN 2009-2013) SUBMITTED TO: THE DEAN OF POSTGRADUATES STUDIES SUBMITTED BY: JOSEPH CONTEH INTRODUCTION Strategic information system planning (SISP) is consistently identified as the most critical issue facing the Organization. Leaderer and Sethi define strategic information systems planning as the process of identifying a portfolio of computer-based applications to assist an organization in executing its business plans and realizing its business goals. Strategic information systems planning also include the search for applications with a high impact and the ability to create- an advantage over competitors. The use of Information Technology associated with proper planning would increase business success within the organization. SISP is considered to be the best mechanism that would support the organization to assure that IT activities are attuned with those of the rest of the organizational needs. The paper will focus on such factors that will assist the organizations to success in the strategic information systems planning. Background Information to the Research area Over the years, some organizations have made technology decisions and acquisitions in Sierra Leone that impact organizational information systems (IS) positively and negatively on the basis...

Words: 1699 - Pages: 7

Premium Essay

It Strategic Plan

...UNIVERSITY H. Wayne Huizenga School of Business and Entrepreneurship Masters Programs ISM 5014 – Enterprise Information Systems IT Strategic Plan Part One: Background General Instructions: The background is the first part of the IT Strategic Plan document. It is an introduction for people who are strangers to the information systems organization. These outside readers need to be given the contextual information they need to fully comprehend the IT Strategic Plan. Basic Points: • Length of Part One: Write no less than two and no more than five double-spaced pages. Content should be clear and concise. • Narrative Form: Describe the background of the organization in narrative forms, which is more engaging for outside readers. • Fictional or Real The organization may be based on a real one or may be completely fictional. If you have ever considered a start-up, this is a great opportunity to put your ideas to paper! • Factual: The background description should include factual information about key aspects of the organization’s global environment, organizational structure, and IT values (see below for complete description and expectations). Content Will Include: Global Environment: In addition to the following items, include anything about the external environment that comes up in the strategic planning process. Such items can include, but are not limited to, competition or possible competition in the market...

Words: 2868 - Pages: 12

Premium Essay

Strategic Planning

...INFORMATION TECHNOLOGY (IT) STRATEGIC PLANNING Information Technology (IT) strategic planning Nilsa Barnes Stevens Henager College Professor: Niemira John Information Technology and Society/ MBA605A March 27, 2010 Information Technology (IT) strategic planning This paper will give the readers a view of a preparation of an analysis of Information Technology. Analysis and justification is how IT adds value and increases the institution's ability to accomplish its mission, and initiatives. Consequently, executive leadership will support sustainable funding plans and lead the institution through these changes (UNM, 2006). In order to achieve success of this strategy several objectives must be accomplish. First having a more collaborative IT and integrated and governance structure helps the institution make the right decisions in respect to IT. These actions will help the Executive VPs to support the idea of IT funding based on value received (UNM, 2006). Within a strategic level, the only technologies that have changed more rapidly are information technology and communications. These changes are driving most of the changes in a more global business environment. Companies that are capable of getting their “arms around” their information systems and communications have a critical competitive advantage. Companies’ content with older technology will find themselves on the wrong side of an ever expanding technology driven gap in customer...

Words: 616 - Pages: 3

Premium Essay

System and Strategy

...technological means in terms of systems development. It is a comprehensive plan that I.T. professionals use to guide their organizations. A System Strategy should cover all facets of technology management, including cost management, human capital management, hardware and software management, vendor management, risk management and all other considerations in the enterprise IT environment. Executing a system strategy requires strong IT leadership; the chief information officer (CIO) and chief technology officer (CTO) need to work closely with business, budget and legal departments as well as with other user groups within the organization. An article from CIO magazine, “Strategic Systems: Beneath the Buzz” discusses the way the very term “strategic systems” is beginning to lose its meaning. Ever since the word came into popular usage in business and IT management circles it has come to be applied to many projects, almost just for the sake of using the term. Instead of projects being necessarily strategic, they are simply called such so it sounds efficient and practical-the fact is there is little attention being paid any longer to what it means. According to the article, “it’s imperative that IT and business leaders know what truly is strategic in order to focus scarce resources on really important, high-payoff initiatives.” The article defines strategy from a business perspective as “a comprehensive plan of action to achieve a goal.” With this definition in place, it puts the term...

Words: 1337 - Pages: 6

Free Essay

Im/It Analysis

...helped restrain rising cost. Health information technology encompasses a broad array of technologies involved in managing and sharing patient information electronically than paper. http://www.allhealth.org/publications/health_information_technology/health_information_technology_toolkit.asp states Many in the U.S. have high hopes for health information technology, or health IT. Hospitals hope to reduce medical errors, such as ordering and administering the wrong dose of a medication. Providers hope to access and share patient information more easily, thereby improving care. Governments and businesses hope to save money by improving efficiency. In this paper, I will determine, within the healthcare setting, the main features, capabilities, and operational benefits to a health care organization using the following: patient care applications, management and enterprise systems, e-Health applications, and strategic decision-support application, I will assume the responsibility of a healthcare administrator for the health information systems within my organization and create an argument to be presented to the leaders with the organization that a strategic plan is essential for the IM/IT, assess the importance of a system development life cycle as it pertains to both the development of a custom application, coupled with the selection of proprietary systems, recommend the key element necessary to ensure secure access to health care patient information within a health care management electronic...

Words: 1407 - Pages: 6

Premium Essay

Information System Planning

...MANAGING INFORMATION SYSTEMS: A PRACTICAL ASSESSMENT TOOL Preview Version February 1999 By the Information Technology Resources Board www.itrb.gov FOREWORD The Information Technology Resources Board (ITRB) is pleased to issue Managing Information Systems: A Practical Assessment Tool. This instrument is designed to assist Federal agencies in understanding how to strategically apply information technology to achieve their missions and deliver services and products. The Assessment Tool contains a broad array of questions in nine areas from which to evaluate information technology systems: mission and vision, customers, business focus, executive direction, capital planning, project management, performance management, acquisition, and architecture. These questions reflect the ITRB members' extensive on-the-job experiences, as well as insights gained from assessments of critical information systems across the Federal government during the past several years. This is a preview version of the Assessment Tool, which will continue to be enhanced over time. Comments or suggestions for improving it should be sent to: Ginni Schaeffer Interagency IT Strategies Division 1800 F Street N.W. Room 2227 Washington, DC 20405 Additional information on the ITRB is available at www.itrb.gov Arnold Bresnick Chair Information Technology Resources Board ACKNOWLEDGEMENTS Information Technology Resources Board (ITRB) ...

Words: 9692 - Pages: 39

Premium Essay

Innovation

...Strategy defined What is strategy? The Oxford Dictionary describe strategy as A plan of action designed to achieve a long-term goal or overall aim; or the art of planning and directing overall military operations and movements in a war or battle; It is derived from the Greek word “stratégia” that means generalship (Oxford dictionary. 2015). A company’s strategy consist of the competitive moves and business approaches that managers are employing to grow the business, attract and please customers, compete successfully , conduct operations and achieve the targeted levels of organizational performance (Hough et al. 2008:4). Strategy is all about how the anticipated goals will be achieved. It works like a recipe where different elements are used in a more or lesser manner to achieve an end result. In an organisation the leader ensures all members are heading in the right direction and completing their goals and objectives. Organisations lacking leadership quickly implode as members scatter in all directions attempting to achieve conflicting goals in a silo-orientated environment. However, this can be overcome if leaders communicate and execute business strategies. A business strategy is a leadership plan that achieves a specific set of goals or objectives such as: * Developing new products or services. * Entering new markets. * Increasing customer loyalty. * Attracting new customers. * Increasing sales. * Decreasing costs. (Baltzan, 2013:16) Leaders also...

Words: 1682 - Pages: 7

Premium Essay

Hitech Act

...Healthcare and health information technology (health IT) are undergoing transformative change at an unprecedented pace. Strategic planning has become a major discussion point among CIOs, CTOs, CMIOs, and IT Directors. Whether it is implementing enterprise-wide electronic health record (EHR) systems, working toward compliance with the “meaningful use” EHR Incentive Program, enabling patients’ involvement through PHRs, transitioning to ICD-10, establishing insurance exchanges, becoming an accountable care organization, or even deploying a medical home, healthcare executives are confronted with a confluence of high-priority initiatives. It is imperative to view health IT strategically from an IT management perspective (Tan). Based on developing and institutionalizing health information and health IT strategic planning for large-scale integrated healthcare organizations, lessons incorporated from this can be vital. Following these practices will equip the CIO, CTO, and CMIO to not only develop a Health Information and HIT Strategic Plan, but provide clarity on operationalizing the plan and managing information and IT strategically within their organization as well. Align with Corporate Plans for strategic intent, context, and line of sight. Consider mission, vision, core values, business principles, strategic goals and objectives, strategic direction, strategic initiatives, and outcomes-based performance measures—all elements of a robust strategic planning framework (Tan). Conduct...

Words: 1580 - Pages: 7

Premium Essay

It Analysis

...IM / IT Analysis Sarah Brown Harold Griffin HAS 520- Health Information Systems February 17, 2013 ​Over the years, the advantage of successful information management / information technology (IM/IT) governance has become a hot topic of discussion and debate. It has been shown that “an effective IM/IT governance framework benefits organizations in many ways, including the ever-important cost savings” (Shane, Lafferty, & Beasley, 1999). In the past, information systems were put together in piecemeal fashion as different programming software became available. This resulted in a repetitive collection of patient data, a duplication of patient files, and an inability to retrieve patient information when needed. This shed light on the need for an IM/IT planning process in order to have successful IM/IT governance. Once the governance strategic planning process was established, the focus then shifted to an incorporation of systems across healthcare facilities. As successful IM/IT governances’ became utilized by different corporations, it became clear that these governance facilitated organizations were able to formulate precise business decisions in a short amount of time. Research, experience, and debate conclude that there are five components involved in successful IM/IT governance. ​The first factor of successful IM/IT governance is developing a consistent IM/IT strategy. It is important that information systems who are incorporated into a healthcare organization support...

Words: 1826 - Pages: 8

Premium Essay

Management

...Information Technology Strategic Planning Name: Institution: Date of Submmision: IT Strategic Plan for Jade Fashions Company Limited According to Evans (2002), strategic planning is an organizational management action used to lay down priorities, focus resources and energy and strengthen organization’s operations. The plan ensures that staff and other stakeholders share common goals in their work, establishes accord around intended results or outcomes, and reviews and adjusts the direction of the organization in reaction to any changing environment. It is a closely restricted effort that creates essential decisions and actions to help in shaping and guiding the identity of an organization, what it does, whom it serves, and why it does it, focusing on the future (Kim 2001). In agreement with Evan (2002), strategic planning entails a framework or structure, a set of procedures, and content. A strategic plan communicates the goals of the organization, the activities needed to attain those goals and all of the other significant elements of the planning exercise to the organization. This communication is measurable through a Balanced Score Card. According to Robert Kaplan and David Norton, the Balanced Score Card is a strategic planning and management system used to align business processess to the mission and vision statement of an organization, improve external and internal communications, and monitor the performance of the organization against its strategic goals. According...

Words: 3231 - Pages: 13

Premium Essay

It600-0803a-01:Information Technology Management Entire Buy This Course at: Http: //Myessaybank.Com/Essay Bag/View Paper/Id/1890

...com/essay_bag/view_paper/id/1890 |   Management Effectiveness Using Technology Resources |    Phase 1 - Task 1 | Task Type: | Discussion Board | Deliverable Length: | See assignment details |   |   |   |   |  Primary Discussion Response is due by WednesdayYou have been called in by your boss. The company is considering buying another smaller firm; however, some business analysis is needed for your company management to make its final decision about purchasing. Your boss has asked you to look at the firm that he or she is considering to buy in terms of competitive advantage. You have been asked to explain to senior management how you would provide this information. You have been tasked with using Porter's five forces to make this determination. Discuss and defend to your management how utilizing Porter's five forces to analyze any organization or industry would provide an understanding of competitive advantage. | |   Phase 1 - Task 2 | Task Type: | Individual Project | Deliverable Length: | See assignment details |  The company that you are working for is considering buying another smaller firm. However, there is some business analysis needed for your company to make its final decision about purchasing. Throughout this course, you will be working on creating the Business Strategy and Management Plan.Keep in mind that the final Business Strategy and Management Plan template should contain the following elements: * Title page * Course number...

Words: 3060 - Pages: 13

Premium Essay

Onc Goals For Health Care

...Goals and Objectives Introduction The Office of the National Coordinator for Health Information Technology, coined the ONC, is a part of the U.S. Department of Health and Human Services. The office was created in 2004 via an Executive Order and reinforced by the implementation of the HITECH Act of 2009 (Health and Human Services). The purpose of the ONC is to assist the nation in the implementation, exchange, and progressing information technology in healthcare (Health and Human Services). In 2011, the ONC released its first Federal Health IT Strategic Plan. This plan required changes secondary o the implementation of the Affordable...

Words: 1311 - Pages: 6