Strategy Methodology Essay Example | Topics and Well Written Essays - 250 words

Strategy Methodology - Essay Example Another area of functionality involves the organization i.e. the structure of the organization, budget and human resources. Other functional areas include operations, logistics and projects. Overall the IT strategy is composed of the infrastructure, applications and services to be supported by IT in the organization. As such the strategy is bound to be affected by many factors and more especially economic ones which are to be considered with a lot of care at the management levels. It can be costly and budget intensive but in the ultimate deployment of information technologies enhances communication both internally and externally. It also enhances management and coordination of departments in the organization at a reduced cost. It is therefore very important to note that there exists a positive relationship between use of internet & intranets in organizations and profitability. IT encourages innovation and a decision making model which is more autonomous hence positively impacting on the profitability of the organization. Economic factors therefore surely have a profound impact on IT strategy decisions at organizational levels and no organization will afford to ignore IT going forward in the business world. 1. Torben Juul Anderson. (2001). Information Technology, Strategic Decision Making Approaches and Organizational Performance in Different Industrial Settings. Journal of Strategic Information Systems 10 (2001)