Managing Strategies for IT Segment
Strategic management has an element of the multidimensional construct. This element characterizes an extension that provides a basis of business, implementation, and also, utilization of information systems competitively. This particular construct has four dimensions which include: Scanning of IT-related environment (e.g. this means establishing the type of IT which the competitors are using), IT planning, and also control (this means strategic planning of information systems related to the business set goals and objectives). Others are. IT acquisition and also implementation. (this involves choosing an IT which is properly-suited to the strategic orientation of your company), and finally but not the least, is the strategic use of IT (here it involves using the acquired IT to increase the performance of your business i.e. increase in profits) (Hill, Hill, 2011). Now, based on the above arguments, we can conclude that IT’s strategic management is addressing strategic planning in Information Technology. Let us now see some of the hierarchy of the system in strategic IT management (Hill, Hill, 2011).In any organization, management can be used to monitor the overall performance of your business. it also establishes the requirements of a business as well as its strategy. So the information in technology has to entail these needs.Strategic management normally starts with the development of a company’s mission (i.e. to provide it with direction), goals as well as objectives (to give the company both the channels and methods for mission accomplishment), a business portfolio as this allows the business to make use of the facets of the institute as well as plans that are deemed functional to perform day to day operations in the different functional units. The aggregate objective of strategic IT management is two-folded.