Design Factors: Strategy and Goals

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Time
3 hours 43 minutes
Difficulty
Intermediate
CEU/CPE
4
Video Transcription
00:00
let's start out with the first to design factors, enterprise strategy and goals.
00:08
In this video, we will talk about enterprise strategy as a design factor and enterprise goals as a design factor.
00:17
Enterprise strategy is one design factor.
00:20
Organizations usually have some type of strategy they apply to their organization when it comes to the use and management of I. T. Resource is
00:28
an example of enterprise strategies include wanting to grow revenues.
00:32
If that is the strategy of an organization set by the governing body, increasing profits, attracting more customers and minimizing costs would be the factors to realize the strategy of growing revenues.
00:44
Alternatively, some organizations may be focused on offering disruptive, innovative and different products that aren't already available in the market.
00:53
This may mean that the organization is focused on attracting new engineers, putting funds into the I T department for knowledge sharing and more.
01:02
Some organizations. Strategy may be to minimize costs, meaning that they may focus on cutting I t Resource is that don't add a lot of business value and then investing in technologies that allow for more consistency and automation.
01:15
It can also mean that they take on less risk because minimizing costs is of their main concern.
01:22
Client oriented service is another example of a strategy that businesses adopt.
01:26
If they're focusing on creating client oriented services, they may be focused on attracting a large customer base and creating platforms that allow for high customer engagement,
01:38
meaning I t. Re sources will be dedicated to supporting external customers and clients.
01:44
This may give you a good idea on how enterprise strategy will be a factor in designing a governance system for an enterprise.
01:51
What do you think your enterprise strategy is?
01:59
Enterprise goals is another design factor that will influence an I T governance system within a company.
02:04
Enterprise goals support the enterprises strategy.
02:07
Enterprise strategy is an achievement of goals.
02:09
Thus, enterprise goals will dictate what the enterprise strategy will be.
02:15
Enterprise goals are defined within the co bit framework, and these goals can be structured alongside balanced scorecard dimensions.
02:23
The balanced scorecard dimension is a planning and management system that businesses use toe align day to day work with the overall strategy of an organization.
02:31
It also gives companies a way in which to measure and monitor progress towards strategic goals.
02:38
Some examples of this include an enterprise goal off customer oriented service culture.
02:44
The goal of this maybe to create sales and customer relation platforms that focuses on clients.
02:49
The balanced scorecard dimension could be customer focused, translating to an enterprise goal of customer oriented service culture.
02:58
What do you think your enterprise goals are?
03:00
How does it align with your enterprises strategy that you thought about?
03:07
So in this video, we covered enterprise strategy and enterprise goals as design factors.
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