Business and digital technology strategies

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Reference no: EM132584720 , Length: 40 pages

Eveloping a Framework for the Alignment of Business and Digital Technology Strategies: A Focus on a Government Insurance Organization,

1. What specific outcomes does your organisation expect to achieve of the following as a result of a successful alignment between its digital technology strategy with business strategy.
Increase Revenue
Increase market share
Reduce operating cost by
Increase business speed and agility by
Improve customer satisfaction by
Reduce the development time for new product and services by
Improve amount of better talent hire by

2. How often does your organisation refine its digital technology strategy and business strategy goals?
Every quarter
Every 6 months
Every 12 months
every 18 months
every 24 months
we do not have a re-evaluation schedule

3. What are the biggest challenges that your organisation has experienced in undertaking a successful alignment of its business strategy and digital technology strategy? Rank your top 3 challenges from the list.
Over-reliance on technology
Internal politics
Lack of dedicated budget
Lack of the right in-house skill
Cultural resistance
Tendency for short-term thinking over long-term planning
Data Silos
Lack of senior management sponsorship
other
not challenges

4. Choose a framework that is used by your organisation to align
its business and digital technology strategies.
ITIL
COBIT
TOGAF
COSO
NIST
ISO27001
Integrated Frameworks
Other

5. What are the most critical steps to enable a successful digital and business alignment?
Invest in the Right Technology and tools
Choose a suitable framework for the organisation
Involve all departments in developing a strategy
Invest in Staff training
Draw up a comprehensive, adapatable and flexible budget
Communicate Strategy and goals with employees
Communicate plans with customerss

6. Due to the business and digital technology alignment. Analyse the resource usage below and compare
Physical resources
Intellectual resources
Human resources

7. Due to digital technology strategy and business strategy alignment, please indicate the business processes affected and indicate if there has been any diversity achieved through the alignment.
Processes to develop products and services are
Processes to manage products and services are
Processes to market products and services are
Processes to sell products and services are
processes to deliver products and services are
Processes regarding customer services are
Management processes are
Support services are

8. The current strategy alignment of business and digital technology has affected the key partnership. Choose the most applicable answer below:
Number of suppliers have
Number of complimentary vendors have
Shared responsibilities with partners have
Co-operation with partners have

9. Due to the alignment of digital and business strategies, the revenue of the organisation gets affected. Please indicate the applicable effects below.
Asset Sales
Usage fees
Subscription fees
Lending/Rental/Leasing fees
Licensing has
Brokage fees
Advertising

Attachment:- business strategy and digital technology strategy.rar

Reference no: EM132584720

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