Value Of Strategic Planning

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Analyzing the value of strategic planning related to IT
“You’ve got to be very careful if you don’t know where you are going, because you might not get there.” by Yogi Berra. Similarly, firms have to formulate plans that help them achieve the desired outcomes and objectives by making sure they utilize their existing resources carefully. This process or plan is nothing but strategic planning.
Major issues why IT isn’t a part of business strategic planning is because (a) value of IT is not understood by majority of executives (b) opportunities to use information technology are not recognized and applied because more importance is given to meet business goals and objectives and (c) The pace at which consumer demands are changing at one hand and the pace at which technological innovation is going on, it is making it more and more difficult to align business and IT strategies. …show more content…

This helps build direct customer relationships Impact, analysis, and results of strategic planning related to IT (Weiss & Anderson, 2004) -
a) IT strategy planning which goes hand in hand with business objectives and goals. It is one that is going to produce and deliver more results in terms of revenues, customer satisfaction competitive advantages, and innovations breakthrough,

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