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Philips IT Governance and Sourcing Case Questions: 1.Describe the strategic business issues Philips faced due to its IT governance and sourcing approaches prior to Accelerate implementation. 2.Describe the new IT Governance approach since Accelerate implementation. Include both project management and portfolio management decision-making and accountability. 3.Explain how the new IT sourcing approach better positions Philips to achieve improvements in operational excellence and product leadership.