The appropriateness of each of these generic attitudes depends on the strategic importance of IT to the business today and in future(Brian 1997). The chart below summarises how well these attitudes align in each case:
Example Strategy Formulation Frameworks (Brian 1997).
Conclusion
In summary, Central planning is a demand management strategy bringing business and IS together to determine applications. Monopoly is a supply management strategy. Controlling supply of technology and resources and scarce resourcing is a financial management strategy. Lastly, free market and leading edge are strategies for innovation: business demands and technological developments led respectively (Brian 1997).
In conclusion, a firm should understand their characteristic business in detail and should understand to develop their appropriate strategy on managing IT. Also, developing their management strategy portfolio with using generic strategy would be helpful on the investment successful.
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