This document discusses aligning business and IT strategies. It outlines a 10 step iterative process for defining an IT strategy that is aligned to the business strategy. This includes understanding the business, IT landscape, value chains, change agenda, prioritizing projects, and implementing and monitoring to achieve business benefits. Maintaining alignment requires periodically revisiting the strategies at least annually and when business directions change significantly. The benefits of alignment include understanding how the business works, its goals, making better decisions, and using IT to improve things.