It Strategy HlIT 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 corporate strategy and business strategies.A good IT Strategy requires a good understanding of the business, business plan and goals, also an understnading of how changes are likely to impact the 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.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.**STEPS TO DEVELOPING AN IT STRATEGYUnderstanding your Business (what you do and who are your clients)Defining Business Strategy based on Organization’s mission statement & objectivesIdentifying what or how Technology can support & add value to the Business StrategyDefining and Aligning an IT Strategy with the Business Strategy*POINT#1 UNDERSTANDING YOUR BUSINESSUnderstanding your business, includes identifying the following:Products and service offeringsPosition in the market & competitorsKey customersCurrent level of service and costCritical information to the organization, how is it used, stored and distributed
*REFERENCES*Business Strategy, Management, Information, Marketing, Human ResourcesHousing, Healthcare, Tourism, FinanceThe best place to start, is in your organization’s internal IT strategy, which includes identifying the two categories: Organizations that are using IT Strategy to achieve their own goal &**STEPS TO DEVELOPING AN IT STRATEGYUnderstanding your business, includes identifying the following:Business Strategy identifies your products & services, which have value to you (value-building & strategy);
Identifying how to improve your business model &
Sustainably Fundamentals of a business-to-business IT Strategy
**STEPS TO DEVELOPING AN IT STRATEGYUnderstanding your business, including identifying the two categories: Organizations that are using IT Strategy to achieve their own mission and**STEPS TO DEVELOPING AN IT STRATEGYUnderstanding how to improve your business:*
What is your Business Strategy?An IT Strategy is a system designed to:
Include multiple ways and outcomes:
Keep business goals and goals consistent with business practices.
Allow both to succeed &
Reinject obstacles that have limited or no chance of success: *
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How Should Business Strategy Be Designed?It would be wise to create your own Business Strategy that can be easily implemented and customized.A business strategy may be a set of plans or an organization’s business plan:A general outline of a business Strategy can include:*
Who is to be contacted &
What is the business structure to the organization(s)?*
How is the business designed to meet the objectives of the Business Strategy?*
How can your business plan contribute to the business success of the organization?What are the advantages and disadvantages of a business plan?
It should not be confusing or confusing with your own Business Strategy:A professional Business Strategy is a set of objectives that are set out in a comprehensive set of objectives.
An organization’s Goals and Goals are: *
They need to achieve a goals or goals specific to them including: What matters to their business?
How are they being built to achieve them:*
What do the objectives (e.g. success) and adverse impact of the goals (e.g. failure) mean to the organization ?*
How do they become more accessible to the business? Is the business successful because it’s a little more diverse & more effective than other businesses?*
Can other organizations become more inclusive and more innovative?What are the barriers/strategy to succeed?Which business model should be employed on their network?What are organizations going to do when they get to become more inclusive & more effective?Does the business need another platform or an intermediary for them to establish their own business?The most common objections to a business strategy are when they can no longer achieve their mission goals:When it comes to the problems they face, they should be better than other organizations.How well should they deliver business results?*
Are their businesses sustainable & grow?*
Should they invest directly financially & at the time of purchase?*
What are the best business services and ways they are used that can help create business success? What can they do that will enable them to become a profitable business and what businesses they should use differently?A business strategy’s purpose must be the same when applied to all aspects of a business. There