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This textbook, now in its second edition, continues to provide a thorough understanding of the concepts and applications of IT strategy and management. The book gives an in-depth study of the information technology as a strategic resource, the need for a strategic approach for its management, and the necessity of its alignment with business strategy. It explains how to prepare an effective plan for the implementation of information strategy. The book also describes how to evaluate the impact of IT on organizations and their workforce, and how to measure returns on IT investment. It also covers recent developments in IT management such as ITIL (Information Technology Infrastructure Library), IT service management, MOF (Microsoft Operations Framework), COBIT, and standards such as ISO 20000 and B527001, which are currently being practised by the industry but need more dissemination in the academic arena. This well-structured and clearly written book is designed for the students of MBA, MCA, BE (IT) and other graduate courses. In addition, IT Professionals who need to update their knowledge continuously for their professional growth will also find the book quite handy. The book has received wide patronage as textbook and reference book by several leading MBA schools and technical universities for courses such as Information Management, MIS, IT/ITES Management, ITSM, and Computers in Management or IT for the Management of Enterprise. What is New to This Edition : Contains an entirely a new chapter on Computer Ethics, Intellectual Property Rights and Cybercrime Incorporates two new cases on Indian Telecom IT: Dream IT, and MG Retail: A Case of Missing “e” in Retail Provides multiple choice questions, with answers, for a better grasp of the concepts discussed Table of Contents Preface  Preface to the First Edition Acknowledgements Chapter 1 Business Strategy: Challenges and Opportunities for IT Chapter 2 Business and IT Alignment Chapter 3 Strategic IT Planning Chapter 4 Enterprise IT Architecture Chapter 5 IT Application Strategy Chapter 6 Technology Management Strategy for IT Chapter 7 Strategy for IT Program Management and PMO Chapter 8 IT Service Management Strategy Chapter 9 IT Sourcing Strategy Chapter 10 Planning and Measuring Returns on IT Investment Chapter 11 Strategies for Managing IT-LED Change Chapter 12 Computer Ethics, IPR and Cybercrime Prevention Appendix A GAP Assessment of ITSM Principles vs Practice: A Study of Indian Corporations Appendix B Multiple Choice Questions with Answers Bibliography  Index