M5 Assignment 2 Required Assignment 2�IT Strategic Planning

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M5Assignment 2 Required Assignment 2—ITStrategic PlanningDevelop an IT strategy for a company of your choice that aligns with its business goals andobjectives for the next 1-2 years. Using the balanced scorecard or another method, identifyspecific business goals and corresponding IT strategies. Additionally, describe the company’sorganizational structure, current IT infrastructure, and any IT challenges or risks. Include ananalysis of how IT governance and strategic alignment frameworks support IT-businessintegration.Word count requirement: 1500-2000 words.

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Using a company of your choice, determine the strategic business goals. Develop an ITstrategy that aligns to the business goals. You can use the balanced scorecardapproach or you can develop your own method for defining and aligning the IT strategyto the business strategy. You will need to cite at least two credible sources that willprovide 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 anexplanation of the business’ rationale for the goal.◦List an objective for each business goal to explain what the company needs to do toachieve 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 andobjectives to be achieved.◾If your company already has IT strategies, you may provide an analysis andjustification 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 ITmight face when implementing changeANSWERStrategicplanningis the process of translating the enterprise's vision and mission into howresources,includingIT'scapabilities,aredeployedtogeneratemaximumvalueforstakeholders.ITstrategy helps guide the business strategy, based onITcapabilities and opportunities, anddeterminesIT's contribution to delivering on the business strategy. A greatITstrategy

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focuses on howITwill help the business achieve its goals and includes three sections. Thedemand section clarifies the business context—how the business will win, what businesscapabilities are needed andIT's contribution to that success. The control section outlineshow decisions will be made and how behaviors will be monitored to align with demand. Thesupply section details the services that will be provided, the enterprise architecturemigration needed to support the business capabilities, theIThuman capital developmentneeded to meet business goals and the strategic approach to sourcing.WhatITStrategicPlanningMeans to CIOsThe discipline of strategicplanningfocuses on developing strategies to help the businesswin. CIOs should consider these points before beginning a strategicplanninginitiative:Purpose:Identify and highlight the purpose of the strategy and the audience—thatis, 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, functionalareas, business units and enterprises.Process:Determine how much of whose time will be used over what time period tocreate the strategy and how the process dovetails with enterprise wideplanning.Outside-In:Think about the underlying business model, other businesses with asimilar model, and what you can learn from them to apply to your strategy.

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