IT Strategy Practice Exam

About IT Strategy
IT strategy (information technology strategy) is a comprehensive plan that outlines how technology should be used to meet IT and business goals. An IT strategy is a written document that details the multiple factors that affect the organization's investment in and use of technology. Ideally, this strategy should support and shape an organization's overall business strategy.

IT strategies should cover all facets of technology management, including cost management, human capital management, hardware and software management, vendor management and risk management.

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 lines of business and user groups to achieve its success.

Organizations formalize their IT strategy in a written document or balanced scorecard strategy map. The plan and its documentation should be flexible enough to change in response to new organizational circumstances, market and industry conditions, business priorities and objectives, budgetary constraints, available skill sets and core competencies, technology advances, and user needs.

IT strategies are also called technology strategies or an IT technology strategic plan. IT strategies should also be designed to be agile. For example, IT strategies for some organizations had to change in 2020 due to the pandemic.

Why is IT Strategy important?
An IT strategy has become a critical element for organizational leadership in recent decades. Its growing importance mirrors the rise of technology as a critical element for business success. The importance of an IT strategy has been amplified as organizations focus on digital transformation.

Technology is essential for creating new business models, products and services; enhancing customer service and customer experience; increasing sales; enabling workers and improving productivity; and supporting interactions with vendors and other business partners. As such, organizations must make a technology strategy to accomplish these as well as compete against other organizations with the same objectives.

Some organizations may decide to forgo a separate IT strategy, particularly platform companies and other businesses whose product is based on technology offerings. Instead, these organizations may fold IT strategies into the overall business strategy to create a single unified document.

Who should take the IT Strategy Exam?
•    IT professionals
•    Business owners or Entrepreneurs
•    IT managers and senior executives
•    IT or management consultants
•    Any professional with skills and knowledge on IT strategy

Knowledge and Skills required for the IT Strategy Practice Exam

Candidate who wish to excel in IT strategy should have good communication and negotiation skills along with being a quick learner.

IT Strategy Practice Exam Objectives

IT Strategy exam focuses on assessing your skills and knowledge in developing and implementing IT Strategy using managerial and strategic tools and techniques.

IT Strategy Practice Exam Pre-requisite

Knowledge of strategic management is prerequisite for the IT Strategy exam.

IT Strategy Certification Course Outline
1. Introduction to IT Strategy
1.1 Definition of Strategy
1.2 Origins of Strategy Management
1.3 Is Strategy static in nature or dynamic?

2. Introduction to Strategic Management
2.1 Strategic Management Processes
2.2 Strategic Management Process in an Organization
2.3 Benefits of Strategic Management
2.4 Top Management Decisions on Strategic Issues
2.5 Strategic Issues Likely to Have Long Term Impact
2.6 Strategies Are Essentially For The Future
2.7 Elements In Strategic Management Process
2.8 Comprehensive Model of Strategic Management
2.9 Process of Strategic Management

3. Difference Between Policy, Strategy And Tactic
3.1 Strategy
3.2 Features of Strategy
3.3 Strategy and Tactics
3.4 Distinction between Strategy and Tactics
3.5 Organizational Mission and Objectives
3.6 Implementation of Strategy
3.7 Policy
3.8 Policy and Strategy: A Comparison

4. Characteristics of Strategic Decisions
4.1 Strategic Decision-making
4.2 Mint berg’s Model

5. Levels of Strategy
5.1 Introduction
5.2 Levels of Strategy Making

6. Characteristics of Strategic Decisions at 3 Levels
6.1 Brand Strategy

7. Role of Strategic Management
7.1 Role of Strategy in Business

8. Concept of Objective, Mission And Vision
8.1 Mission and Purpose
8.2 Formulation of Mission
8.3 Characteristics of Mission Statement
8.4 Objectives and Goals: A Comparison
8.5 Hierarchy of Objectives
8.6 Top-down and Bottom-up Approach
8.7 Role of Objectives

9. Functions And Contributions of Objectives
9.1 Defining an Organization
9.2 Directions for Decision-making
9.3 Performance Standards
9.4 Basis for Decentralization
9.5 Objective Setting
9.6 Change in Aspiration Level of Management

10. Strategic Intent
10.1 Introduction
10.2 Basic Functions
10.3 Purpose of a Business
10.4 Business Objectives


Exam Format and Information
Certification name – IT Strategy Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199