The main goal of all businesses is to create and maximize value. IT Strategy is a repetitive process that aims to align IT capability with business requirements and thus create shareholder value. The COBIT framework, ITIL framework, and other IT subject matter frameworks exist in order to assist IT Professionals in creating an IT Strategy that ultimately maximizes the business value contribution.
Enterprise Architecture Framework - EA arose to help organizations effectively harness their IT to execute their business strategies. [7]
Relationship with business and/or IT strategy: Technology driven. To manage technology scale, diversity, and connectivity within the business.
Relationship with business and/or IT strategy: Business driven. To align technology with business in order to achieve business strategies.
IT Best Practices
SWOT Analysis:
Relationship with business and/or IT strategy: useful for identifying business or IT strengths, weaknesses, opportunities, and threats. This is useful for aligning business strategy to support strengths and opportunities and to mitigate weaknesses and threats. [23]
Benchmarking:
Relationship with business and/or IT strategy: supports businesses in evaluating their processes in comparison to peer businesses. This allows businesses to develop process improvement plans that result in improved business performance. [2]