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M5 Assignment 2 Required Assignment 2�IT Strategic Planning

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    M5 Assignment 2 Required Assignment 2 — IT Strategic Planning Develop an IT strategy for a company of your choice that aligns with its business goals and objectives for the next 1 - 2 years. Using the balanced scorecard or another method, identify specific business goals and corresponding IT strategies. Additionally, describe the company’s organizational structure, current IT infrastructure, and any IT challenges or risks. Include an analysis of how IT governance and strategic alignment frameworks support IT - business integration. Word count requirement: 1500 - 2000 words.

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    Using a company of your choice, determine the strategic business goals. Develop an IT strategy that aligns to the business goals. You can use the balanced scorecard approach or you can develop your own method for defining and aligning the IT strategy to the business strategy. You will need to cite at least two credible sources that will provide justification for your strategy or approach. Your IT strategy should include: •Business Goals and Objectives ◦ List at least two or three specific business goals for the next year or two with an explanation of the business’ rationale for the goal. ◦ List an objective for each business goal to explain what the company needs to do to achieve the goal. •IT Strategies aligned with business goals and objectives ◦ List one or two IT strategies for each business goal ◾ These should be recommended strategies that would enable the business goals and objectives to be achieved. ◾ If your company already has IT strategies, you may provide an analysis and justification or new recommendation for each of the strategies •Organizational Structure ◦ Describe the structure of the organization including: ◾ Organizational design ◾ Organizational culture ◾ Leadership factors (the types of leadership displayed within the company) ◾ Business processes ◾ Physical layout (i.e., how many offices, virtual offices, international locations) •IT Infrastructure ◦ Describe the current IT infrastructure including: ◾ Hardware ◾ Software ◾ Network ◾ IT resources ◦ This should be a high - level overview •IT Challenges ◦ Describe internal and external challenges IT faces in meeting the business needs ◦ Include social and/or ethical considerations •Risks ◦ Describe risks IT might face when implementing change ANSWER Strategic planning is the process of translating the enterprise's vision and mission into how resources, including IT's capabilities, are deployed to generate maximum value for stakeholders. IT strategy helps guide the business strategy, based on IT capabilities and opportunities, and determines IT's contribution to delivering on the business strategy. A great IT strategy

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    focuses on how IT will help the business achieve its goals and includes three sections. The demand section clarifies the business context — how the business will win, what business capabilities are needed and IT's contribution to that success. The control section outlines how decisions will be made and how behaviors will be monitored to align with demand. The supply section details the services that will be provided, the enterprise architecture migration needed to support the business capabilities, the IT human capital development needed to meet business goals and the strategic approach to sourcing. What IT Strategic Planning Means to CIOs The discipline of strategic planning focuses on developing strategies to help the business win. CIOs should consider these points before beginning a strategic planning initiative:  Purpose: Identify and highlight the purpose of the strategy and the audience — that is, the primary target of the strategy, and the other key stakeholders and their roles.  Scope: Identify what this strategy will cover in terms of time periods, functional areas, business units and enterprises.  Process: Determine how much of whose time will be used over what time period to create the strategy and how the process dovetails with enterprise wide planning.  Outside - In: Think about the underlying business model, other businesses with a similar model, and what you can learn from them to apply to your strategy.

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