Impact of economic factors on the development

1. Analyze the impact of economic factors on the development of IT strategy decisions at the enterprise level of the organization.2. Review IT strategy methodology on page 88 of the Lane text. Explain how the IT strategy methodology can be developed to minimize economic factors. Justify your answer.3. Reflect upon the economic factors that would lead a CIO to consider outsourcing or offshoring critical IT segments (i.e., help desk support, software development, and quality assurance) as a viable option for an organization. Analyze three economic factors that could lead the CIO down the path of outsourcing or offshoring. 4. Assess whether or not economic factors lead to the same level of IT outsourcing or offshoring decisions, despite the business or industry. Explain your answer.