Definition of Strategy
Strategy is A method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem.
IT strategy is typically a long-term action plan for achieving a goal, set in the context of a rapidly changing technology environment. For any IT strategy to be effective it must have measurable links to a business strategy -and it is here that many IT strategies fail.
IT strategy should cover all facets of technology management, including:
Cost management
Human capital management
Hardware and Software management
Vendor management
Risk management and all other considerations in the enterprise IT environment.
Executing an IT strategy requires strong IT leadership; the chief information officer (CIO) and chief technology officer (CTO) need to work closely with business, budget and legal departments as well as with other user groups within the organization.