Introduction
A strong technology strategy is essential for achieving business growth and resilience. Your technology strategy isn’t just a checklist—it’s the backbone of your business operations, customer experience, and innovation potential. But is your strategy driving success or holding you back?
In today’s fast-paced business world, it is a critical driver of success. Yet, many businesses lack a clear, cohesive technology strategy. Instead of planning proactively, they make reactionary decisions that can lead to inefficiencies, misaligned systems, and missed opportunities.
How confident are you in your company’s technology strategy? Is it propelling your business forward, or is it silently holding you back? Whether you’re confident in your approach or just getting started, this self-diagnostic survey will help you evaluate the current state of your technology strategy. By answering these simple questions, you’ll gain insight into how well your technology aligns with your business goals—and where there’s room for improvement.
Self-Diagnostic Survey: Evaluating the Efficacy of Your Technology Strategy
Answer each question honestly, then total your score to determine your evaluation.
1. Do you have a written technology strategy for your company?
– Yes (5 points)
– No (0 points)
2. How often does your executive team review the technology strategy?
– Monthly (5 points)
– Quarterly (4 points)
– Semi-annually (3 points)
– Annually (2 points)
– Never (0 points)
3. How often do you refine or update your company’s technology strategy?
– Monthly (5 points)
– Quarterly (4 points)
– Semi-annually (3 points)
– Annually (2 points)
– Never (0 points)
4. Do you know how your technologies differentiate you in your market?
– Fully (5 points)
– Mostly (4 points)
– Somewhat (3 points)
– Minimal (2 points)
– Not at all (0 points)
5. Degree to which you are realizing the differentiation value you intend from your software solutions:
– 0 (Not at all)
– 2 (Minimal)
– 3 (Somewhat)
– 4 (Mostly)
– 5 (Fully)
6. How would you rate the operational excellence of the technologies used in your company’s operations? (Rate each category on a scale of 1-5)
– ERP Systems
– Marketing Creation Tools (e.g., Canva, Grammarly)
– CRM Systems
– Warehouse Management Systems
– Desktop Software
7. Do you have a well-defined and consistently used process for making technology decisions as an executive team?
– Yes (5 points)
– Mostly (4 points)
– Somewhat (3 points)
– Minimal (2 points)
– No (0 points)
8. Does your executive team understand the impact of major technology decisions?
– Yes (5 points)
– Mostly (4 points)
– Somewhat (3 points)
– Minimal (2 points)
– No (0 points)
9. Does your company’s technology landscape provide business agility, or does it create rigidity?
– Agility (5 points)
– Mostly (4 points)
– Somewhat (3 points)
– Minimal (2 points)
– Rigidity (0 points)
10. Does your workforce feel empowered and liberated by your company’s technology?
– Yes (5 points)
– Mostly (4 points)
– Somewhat (3 points)
– Minimal (2 points)
– No (0 points)
Scoring and Evaluation
After answering all questions, sum your points to find out how your technology strategy measures up:
– 1-37 points: Desperately in Need of Help (Low)
Your technology strategy is likely hindering your business. Immediate attention is required.
– 36-47points: Inadequate (Low)
Your strategy has significant gaps that need addressing to support your business goals.
– 48-59 points: Adequate (Moderate)
You’re on the right track but have room to improve for greater alignment and value.
– 60-70 points: Excellent! (High)
Your technology strategy is robust, agile, and supports your business effectively.
What’s Next?
How did your business score? Regardless of the outcome, the fact that you’re evaluating your strategy means you’re already taking steps toward improvement.
- If your score is low, don’t panic. It’s a starting point to identify the key areas to address.
- If your score is moderate, it’s time to prioritize refining and aligning your technology strategy with your business goals.
- If your score is high, congratulations! But remember, technology strategies need to evolve as your business grows.
Take Action
Your score is only the beginning. Share these insights with your leadership team to spark meaningful conversations about your technology strategy. Consider engaging a trusted consultant for a comprehensive Technology Risk and Readiness Review as part of a Business Technology Assessment to uncover blind spots and define a path forward.
A strong technology strategy is not a luxury—it’s essential to remain competitive in today’s marketplace. Don’t let outdated or misaligned systems hold your business back. Start optimizing your technology strategy today for a stronger, more agile future.
Business Leaders interested in developing a strong technology strategy also enjoyed:
- Link to Business Technology Assessment
- Blog outlining, discussing, and diagnosing some of the iconic technology failures
- Blog discussing some principles to help avoid failure on a software development project
- Blog outlining criteria for selecting a technology partner for your strategic planning and execution process
- Presentation of the 9 elements in the Strategic Framework used by STG
Schedule a meeting to discuss your questions, your goals, and your priorities.
