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Business It Strategy

In: Business and Management

Submitted By raloul
Words 500
Pages 2
Definition of IT Strategy
IT Strategy describes how information technology can be used to support an organization’s mission, objectives and strategies. For an IT Strategy to be successful it has to align with the organization’s overall gy g g corporate strategy and business strategies. A good IT Strategy requires a good understanding of the business, business p plan and goals, also an understnading of how changes are likely to impact the g g g y p business. It serves as a framework to meet business goals. IT Strategy determines what new systems are needed, or how the existing systems can be used to achieve these goals. y g IT Strategy is an iterative process. IT Strategy can be driven by the business strategy and also used vice versa to drive the business strategy. drive the business strategy

Steps to Developing an IT Strategy
Understanding your Business (what you do and who are your clients) 2. Defining Business Strategy based on Organization s 2 Defining Business Strategy based on Organization’s mission statement & objectives 3 3. Identifying what or how Technology can support & add y g gy pp value to the Business Strategy 4. Defining and Aligning an IT Strategy with the Business Strategy St t
1.

Point #1: Understanding your Business
Understanding your business, includes identifying the following:
Products and service offerings Position in the market & competitors Key customers Current level of service and cost Critical information to the organization, how is it used, stored and distributed Areas of weaknesses, strengths, opportunities and threats What are the next period’s goals

Point #2: Identifying Business Objectives
Business objectives can be set as single mission statement or set of goal(s) per functional area within an organization all of which are consistent with the overall mission statement For example: how to

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