IT Strategy 2.0: Balancing Innovation and Implementation

This document summarizes a presentation given by Professor N. Venkatraman on alignment in the 21st century. The presentation discusses how information technology has become pervasive in many industries and integral to business model innovation. It introduces a framework for "Alignment 2.0" with four building blocks - cost center, profit center, growth center, and investment center - that represent different IT roles in implementation versus innovation. The presentation argues that organizations need clarity on IT's mandate and how it supports both implementation and innovation to create value today and in the future.