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itpm4.pdf - Developing a Strategy: The Starting Point...

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'KUvKUl_o`pOYi^nMWg GQ 9trGQtKUMWgy7:DNXhKU 9tGQrtOYi^nMWg 6_oOYi^nt2\HUQLL]³ \PUNOIntroductionƕɲToday we will examine:– How the strategic process works– How IT support relates to product lifecyles– How we evaluate the current IS/IT state of an enterprise as part of IT strategy formation
3\HUQLL]³ \PUNOObjectivesƕɲAt the conclusion of this lesson, the student should be able to:– Define strategy– Discuss the strategic processƕɲDescribe and explain factors in strategic management– Define a Strategic Business Unit– Describe IT support for products using the product portfolio/Boston matrix4\HUQLL]³ \PUNOObjectives (continued)– Discuss long-term success strategies and specific IT support for each– Describe approaches to IT strategy planning, including failure modes, success criteria & success dimensions– Describe & discuss IT strategy deliverables– Describe and demonstrate the process of determining IT requirements– Describe and demonstrate the assessment of existing IT strategy and infrastructure
5\HUQLL]³ \PUNOStrategic Management Maturity ModelINCREASINGEffectivenessof strategicdecisionmakingMeetBudgetʧAnnualBudgetsʧFunctionalfocusPhase ʮFinancialPlanningPredict theFutureʧMultiʧyearBudgetsʧGapAnalysis±¶Static·ƔallocationofresourcesPhase ʯForecastʪbasedplanningThinkStrategicallyʧSituationanalysis ʠcompetitiveassessmentsʧEvaluation ofstrategicoptions±¶Dynamic·Ɣallocation ofresourcesPhase ʰExternallyʪorientedplanningCreate theFutureʧWellʧdefinedstrategicmanagementframeworkʧStrategicallyʧfocused organizationʧWidespreadstrategic thinkingcapabilityʧReinforcingmanagementvalues andprocessesʧInnovation fromknowledge andcompetenciesPhase ʱStrategicManagementAdapted from Ward ԏԘʣ PeppardԞʩStrategic Planning for Information SystemsԞʩ John Wiley ԏԘʣ Sons ʯʭʭʯ6\HUQLL]³ \PUNOStrategy DefinedƕɲAn integrated set of actions aimed at increasing the long-term well-being and strength of the enterprise relative to competitorsWard ԏԘʣ PeppardԞʩStrategic Planning for Information SystemsԞʩ John Wiley ԏԘʣ Sons ʯʭʭʯ
7\HUQLL]³ \PUNOStrategic ProcessesƕɲStrategic thinking– Creative entrepreneurial insight into ways the enterprise could developƕɲStrategic planning– Systematic, comprehensive analysisƕɲOpportunistic decision making– Effective reaction to unexpected threats and opportunitiesWard ԏԘʣ PeppardԞʩStrategic Planning for Information SystemsԞʩ John Wiley ԏԘʣ Sons ʯʭʭʯ8\HUQLL]³ \PUNOFactors in Strategic ManagementƕɲExternal environmentƕɲPressure groups and stakeholdersƕɲInternal business strategizing & planning
9\HUQLL]³ \PUNOExternal EnvironmentƕɲP E S TPoliticalEconomicSocialTechnologicalƕɲTwo more– Legal 🡪 Political– Ecological 🡪 Social10\HUQLL]³ \PUNOPressure Groups/StakeholdersƕɲPressure Groups– Shareholders– Competitors– Customers– Suppliers– Government– Employees– UnionsThe PublicFinancial InstitutionsThe MediaƕɲStakeholders– Shareholders

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Term
Winter
Professor
Tanmoy
Tags
Sanjeev Singh

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