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11
Developing Business/IT
Strategies
Definition:
• Development of an organization’s
mission, goals, strategies, and policies
Definition:
• Planning done on a short-term basis to
implement and control day-to-day
operations
Definition:
• Teams of managers and other planners
participate in what management author
Peter Senge calls microworld, or virtual
world, exercises
Definition:
• A conceptual framework that expresses
the underlying economic logic and system
that prove how a business can deliver
value to customers at an appropriate cost
and make money
Definition:
• Includes the evaluation of proposals made
by the IT management of a company for
using information technology to
accomplish the strategic business
priorities developed earlier in the planning
process
Definition:
• Combines contemporary strategic
planning methods like SWOT analysis
and alternative planning scenarios with
more recent business modeling and
application development methodologies
like component-based development
Definition:
• A process that carries out the plans for
changes in business/IT strategies and
applications that were developed in the
planning process