Scenario * The organization is a regional XYZ Credit Union/Bank that has multipl

Question

Scenario

* The organization is a regional XYZ Credit Union/Bank that has multiple branches and locations throughout the region.

* Online banking and use of the Internet are the bank’s strengths, given limited its human resources.

* The customer service department is the organization’s most critical business function.

* The organization wants to be in compliance with Gramm-Leach-Bliley Act (GLBA) and IT security best practices regarding its employees.

* The organization wants to monitor and control use of the Internet by implementing content filtering.

* The organization wants to eliminate personal use of organization-owned IT assets and systems.

* The organization wants to monitor and control use of the e-mail system by implementing e-mail security controls.

* The organization wants to implement this policy for all the IT assets it owns and to incorporate this policy review into an annual security awareness training program.

Assignment Requirements:

1: Page 75 of the book lists the 11 stages in the strategic planning process. Even though they are listed in the Roles and Responsibilities section, it’s really an outline of the overall strategic planning process.

HERE ARE THE QUESTIONS:

1. Preparation to plan

2. Review and revision of vision/mission/values, and so on

3. Data gathering for input to planning

4. Development of the plan’s framework

5. Creation of a strategic plan

6. Refinement of the strategic plan (possible “catch-ball” process)

7. Reviews of the strategic plan

8. Approval of the strategic plan

9. Communication of the strategic plan

10. Predetermined reviews against the plan

11. End-of-the-year performance to plan

2: Provide a 1-2 paragraph explanation of each stage. You need to explain the goal(s) of the stage and how it fits into the whole strategic planning process. Include the inputs and outputs of each stage.

Using the scenario above:

3: Summarize your recommendations for this organization as they create a new IT Strategy. Include their potential benefits and costs

4: Describe how this organization would use the strategic planning process to develop and maintain their strategic plan.

Explanation / Answer

Answer)

1) For preparation of plan :

It is to gather the team and creating the timeline. Gathering the inputs for the plan and confirming the mission and vision then launching the strategy.

2) A mission would describe about the company and the specification of the company

A vision is the long term or future state of the organization to achieve in a time frame.

Both would include the OAS statements and strategic shifts.

3) The OAS and strategic shift would help to create a balanced score card that would help for data gathering and analysis

This would include the financial, customers goal, Process goals, people's goals etc.

4) To create and develop the plan's framework:

To set the objective for high level organizational goals

To measure the and accomplish the objectives

To take initiatives to achieve the objectives

Hope this answer helps. Happy to help. :)

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