Definition of Strategy: A strategy is the art of using
battles to win wars, by Carl von Clausewitz (1780-1831) and Strategy is the practical adaptation of the means placed at a general's disposal to the attainment of the object in view.” by Helmuth Karl
BernhardGraf von Moltke (1800 -1891)
IT Strategy: IT strategy is a comprehensive plan that information technology management
professionals use
to guide their organizations. An IT strategy should cover all facets
of technology management, cost management, human capital management, hardware/software management, vendor management, risk
management and all
other considerations in the enterprise IT environment.
Executing an IT 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.
Many organizations choose to formalize their information
technology strategy in a written document or balanced
scorecard strategy map. The plan and its documentation should be
flexible enough to change in response to new organizational circumstances and
business priorities, budgetary constraints, available skill sets and core
competencies, new technologies and a growing understanding of user needs and
business objectives.
IT Strategy Development and Planning
Strategy Key Drivers :
1. Vision long-term, encouraging, aspiration for the future
2. Mission purpose of the business
3. Values attitudes, behaviours, character of organization to
guide actions like an internal compass
1. Forming a Strategic Vision: - Very in the
strategy making processing organization
managers need to prepare set of questions
1.What is our vision
for the organization?
2.Where should the
organization be headed?
3.What should its
future technology, product, customer focus be?
4.What kind of
enterprise do we want to become?
5. what industry
standard do we want to achieve in x years?
2. Setting Objectives: -
1.The purpose of setting objectives is to convert managerial statements of
strategic vision and business mission in to specific performance business targets , results the organization
wants to achieve
2. Setting objectives and then measuring weather they
are achieved or not help CEO’s track an
organization process.
3. Crafting Strategy: - An Organization
strategy represents
Managements answers towards to business view
1.Weather to
concentrate on a single business or build a diversified group
2.How to grow the
enterprise over long term
3.How big a geographic
market to try or cover
Organization Strategy Consists of : -
1.How to Grow the
Business
2.How to satisfy the
customers
3.How to out compete
Competitor
4.How to achieve
Strategic and financial objectives.
4. Strategic Implementation and Execution: - Strategy implementation concerns the managerial exercise
of newly chosen in place
5. Evaluation
and
Monitoring:- Management’s duty to sit on top of the organization weather things are going as planed and the
performance measure.
Note: I will continue with Alignment, Transformation and Optimization .. :)
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