How do information strategy and information technology governance influence firm performance?

Area of Science:

• Business Management
• Information Systems
• Organizational Strategy

Background:

• Organizations face intense competition, necessitating strategic planning and information technology (IT) investment.
• Existing research explores IT governance (ITG) and information strategy (IS) independently.
• There is a need to understand the combined impact of IS and ITG on organizational success.

Purpose of the Study:

• To investigate the synergistic effects of information strategy (IS) and IT governance (ITG) on firm performance.
• To model and quantify the influence of IS and ITG on business outcomes.
• To provide empirical evidence for the combined strategic value of IS and ITG.

Main Methods:

• Utilized survey data collected through questionnaires.
• Developed and tested statistical models to analyze the relationships between variables.
• Employed regression analysis to assess the impact of IS and ITG on firm performance.

Main Results:

• Both IT governance (ITG) and information strategy (IS) were found to significantly influence firm performance.
• IT governance (ITG) demonstrated a positive moderating effect on the relationship between IS and firm performance.
• The synergistic interaction between IS and ITG contributes positively to business success.

Conclusions:

• Implementing a robust information strategy (IS) is crucial for enhancing firm performance.
• Effective IT governance (ITG) amplifies the benefits of IS, leading to superior business outcomes.
• This research offers practical guidance for enterprises to adopt technology governance for improved performance.