This research paper suggests that there are five critical success factors that drive IT strategy, identifies five best practices, and discusses challenges faced while developing an IT Strategy.
"Developing information technology (IT) strategy that supports and is supported by business strategy is critical for generating business value in today’s organizations. In the face of rapidly changing business conditions and continuously evolving IT, however, organizations have yet to learn how to develop an effective IT strategy. To explore and understand the issue, we conducted a research using focus group methodology. The results from our research suggest that there are five critical success factors that organizations must consider. The research also identifies five practices and the challenges faced while developing an effective IT strategy."