--%>

IT Strategy and Technology Innovation

What is strategy?

If you were to choose a word from the business dictionary that conveys the most power or importance, it would probably be strategy. Every executive recognizes that a good strategy is essential for success. But surprisingly, only a few could define it with any level of precision.

I have been fortunate to work with 100's of IT professionals in this area and come to understand  some of the biggest misconceptions in the world of strategy. In this book, we will of course explain what is meant by strategy. We use the dictionary definition and a slightly extended one, based on common sense. Contrary to popular belief, creating a strategy is dead simple. It is creating a good one that is difficult. So we also discuss the real points of emphasis that will move a strategy from being good enough, to being very good.

Finally, of course, this book is about IT strategy rather than strategy in general. We are assuming that you are an IT professional who is interested in the essence of creating good IT strategy. You therefore probably work in the IT department, most likely of a larger company. You therefore need to create an IT strategy that meets the needs and priorities of the business. To this end, we spend the first part of this book describing the important  aspects of developing a business strategy so that not only can you converse with your colleagues in the rest of the business, but you will also be able to involve them in creating a high quality IT strategy.

Definitions of strategy

The word strategy can be very confusing. Different people use it to mean slightly different things. It is sometimes used to mean a major activity as in "one of our strategies is to implement SharePoint." Sometimes it is used to express a future outcome such as "our strategy is to increase our international market share." We even hear some managers use it to mean "very important" as in "I am working on a strategic project for the board." Each of these uses is slightly erroneous. It is not an activity or an outcome, but in fact a combination of both, specifically:

Strategy (n) - A plan to achieve a long-term aim

The word strategy comes from the Greek strategos (plural strategoi; Greek στρατηγ?ς) meaning "army leader" or "general". The derivation of the word helps us to understand the modern dictionary definition. It is really important to grasp both components. So, at the risk of repeating myself, strategy has a long term aim and (very importantly) a plan to get there.

 

To make the definition more applicable to business and IT strategy, I suggest the following amended version (reference, FastTrack Strategy, David McKean1) as follows.

Strategy - Defining the best future for your organization, mapping the route to achieve it and communicating it clearly to the organization.

   Related Questions in Biology

  • Q : Family and Medical Leave Act -

    This law allows employees to take up to 12 weeks of unpaid leave for family or medical reasons each year.  

  • Q : Theory of evolution and its rival

    Describe briefly the problem that the theory of evolution and its rival theories strive to solve?

  • Q : Strategies Strategies Meaning &

    Strategies Meaning & Definition The word "strategy" is der

  • Q : What is bone matrix What do you mean by

    What do you mean by the bone matrix? Specify some of its main components?

  • Q : Muscle tissue which contracts-relaxes

    State the type of muscle tissue which contracts and relaxes the heart chambers?

  • Q : Biological activities in which osmosis

    What are various illustrations of biological activities in which osmosis executes a significant role?

  • Q : Cellular osmotic regulation-mineral

    Write down the main mineral salts responsible for cellular osmotic regulation?

  • Q : What are peristaltic movements State

    State what are peristaltic movements? State their role within the human digestion?

  • Q : Same extraembryonic membranes in all

    Whether extra-embryonic membranes are same in all the vertebrates?

  • Q : How SAP SRM is connected with SAP MM

    How SAP SRM is connected with SAP MM? You can replicate Purch Org, material master, purch group, vendor master from backend. you can developed PO in SRM and replicate Po in the R/3.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1439291 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1947082
    Asked

    3,689

    Active Tutors

    1439291

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.