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TOPIC 4: INFORMATION SYSTEMS STRATEGY FORMULATION - Coggle Diagram
TOPIC 4: INFORMATION SYSTEMS STRATEGY FORMULATION
SISP can be classify in 2 categories
Impact
- Can help create and justify new uses of IT
Alignment
- Align IS objectives with organizational goals
ISSP Toolkits
Industry Life Cycle
Strategic Importance Analysis
Matrix Approaches
Five Forces Model
Generic Business Strategies
Stages of Growth Model
UNDERSTANDING & ASSESSING CURRENT SITUATION
1) Situation Analysis - Where we are today
2) Strategy Formulation - Where we want to be
3) Strategy Implementation - How to get where we want to be
Internal Business Environment
Activities driven by business strategy
The achievement of business objectives
The measurement of the performance towards achieving business objectives
Challenges
Many instances buss. strategies and obj. not recorded formally, not well communicated and contractured
Need to questioning and analyze to interpret from current actions and derived implied business strategy
External Business Environment
Determine opportunity, threats, requirements in business strategy
Recognize strength and weaknesses
Environmental issues
Many different influences
Interconnected influences
ICT change faster
Examine IS/IT Current Environment
To establish gap between current and future target
To determine whether environment can sustain the changes required
To enable the strategies and opportunity
DETERMINING BUSINESS INFO SYSTEM STRATEGY
Strategic Planning Techniques
External long term
- The state of industry in terms of profitability, growth and structure
External short term
- To gain relative advantage, to change the balance of competitive forces and influences on industry
Internal long term
- Enable the business to adopt more appropriate strategy, support or enhance business strategy
Internal short term
- Existing systems support the chosen strategy to avoid business disadvantages or sustaining existing business strategy