Why a company should have an IT strategy

As I had been working the big company, we need a such of technology would be able to cover the wide range of the users. It might help the decision maker to speed uo the give a quick decision based on the correct data.

Even my background was finance and accounting, but most of the working activities are using the system  to analyse and extract the figures for reporting. Due to the current technology,  IT systems are mission critical and the company should have a strategy as to (a) how to maximise the benefits arising from its deployment of IT and (b) how to cope in the event of a systems failure (i.e. have a back-up or recovery plan).

Earl’s nine reasons
Professor Earl of the LSE provides a useful list of nine reasons as to why a company should have an IT strategy. Briefly, they are as follows:

1. IT involves high costs.
2. IT is critical to the success of many organisations.
3. IT is now used as part of the commercial strategy in the battle for competitive advantage.
4. IT is required by the economic context (from a macro-economic point of view).
5. IT affects all levels of management.
6. IT has meant a revolution in the way information is created and presented to management.
7. IT involves many stakeholders, not just management, and not just within the organisation.
8. The detailed technical issues in IT are important.
9. IT requires effective management, as this can make a real difference to successful IT use.

RED OCEAN   : WASTED IF THE WORKERS ARE NOT  IT  LITERACY
BLUE OCEAN :PRODUCE A GOOD RESULT AND CAN MAKE DECISION  VERY FAST AND REASONABLE