IT Strategy
Tools
Core Competencies
Identify company’s core competencies in order to define its competitive advantage. The competencies are being company’s unique strategy that cannot be replicable by competitors.
Benchmarking
Benchmarking is a management tool that comparing business processes to the process of competitors within or outside the industry. Production costs, employee turnover, process cycle time and revenues are common example for benchmarking.
Porter’s Five Forces Developed by Michael E. Porter
VMOST
Vision, Mission, Objectives, Strategy, and Tactical. The VMOST analysis is a useful tool to ensure that you and your team are still aligned to the original mission and mission. It helps to make connection with top-down or bottom-up alignment.
Employer Branding
Employees are one of the organization’s resource that can be created the best profits. Find person who has talents that fits employer’s requirement and support them.
The GE–McKinsey Nine-Box Matrix
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Balanced Scorecard(BSC)
The balanced scorecard typically measures a strategic planning and management system. It helps to translate strategy into action to achieve goals. Providing direction to departments or employees in order to achieve organization’s long-term goals. The balanced scorecard improves internal and external communications in business and industry.
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SWOT Analysis
SWOT is an important tool to create and develop strategic plan. the 4 key principles (Strengths, Weaknesses, Opportunities, Threats) are important to know each of these for the business and the IT department so that the IT strategy can be developed with these contributing factor.