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Informational technology strategy

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Reference no: EM133276925

Informational technology strategy helps to ensure that scarce technology and talent resources are being focused on achieving the organization's goals. The same tools that can be used for organizational strategic planning, can help identify IT strategy. Organizations need to gather information to determine where they are now. This can be done in formal ways like through using the tools below.

SWOT analysis - Strengths, weaknesses, opportunities, threats

PESTLE analysis - Political, economic, societal, technological, legal, environmental (or just PEST analysis)

The Balanced Scorecard - customers, internal processes, organizational capacity, and financial

OKRs - Objectives and Key Results - establishing a clear goal with clear results

Questions:

1. To the best of your ability, describe the IT strategic planning process.

2. Compare some of the strategic planning tools discussed and identify which ones you feel compliment IT strategy and why.

3. Why do reactive approaches to IT investments and initiatives fail?

4. What are the goals and benefits of aligning IT strategy to organizational strategy?

5. Why should IT strategic planning be revisited on a regular basis?

6. What are the functions of a steering committee?

7. Explain how a good IT strategy can help companies gain a competitive advantage in the marketplace.

Reference no: EM133276925

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