In the current climate of economic recession, it may be tempting for IT managers to cut funding for strategic planning and devote the savings to more immediate operational needs. Such a view is shortsighted, however. During times of economic uncertainty, strategic planning becomes even more of a necessity. In this study, we describe the fundamental components of an IT strategic plan. We assess current adoption trends for multiyear IT strategic planning for the composite sample, by organization size, and by industry sector. We conclude by making the case for why IT organizations should continue to engage in strategic planning as priorities shift from growth to restraining costs. (10 pp., 3 figs.)
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