ISIT in the Strategy process Essay Example | Topics and Well Written Essays - 500 words

ISIT in the Strategy process - Essay Example The emphasis is not on predicting the technological advancements with absolute certainty; yet strategic planning is based on analysing the trends in technology and developing strategies to draw maximum benefits through optimal utilisation of the latest technology for the company. There are important distinctions between strategic planning andforetelling. A strategy is developed based on past performances, current situation and businenss scenario, trends and future implications and organisation's vision and objectives. It is not just a prediction into future but a comprehensive process of developing the strategic direction for the company and allocation of resources to meet business objectives. Ofcourse, this includes detailed analysis of technological trends and an estimate of technology change with a view to provide optimal technological solutions for business information needs. However, an organisation whch is unable to analyse the changing trend and fast growth in technology; fails to achieve the desired strategic objectives because of technology obsoleteness; needs for faster, reliable and secure systems and information transfer; and lack of resources to implement and operate latest information technology products and services. These information strategies need not be developed with a d