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Review Of World Bank It Strategy

The World Bank (WB) is a vital source of financial and technical assistance to developing countries around the world. By not encompassing as a “bank” in the common sense, its made up of two unique development institutions owned by 185 member countries - the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) (World bank 2008).
With their mission of reducing global poverty and improving living standards, a change had to be incurred and this was in the form of specific strategic partnership programs which included a renewal of the bank’s IT framework encompassing decentralization and knowledge sharing (Teragram Corporation 2007).
As such, this report aims to analyze how WB’s global information & communications/technology infrastructure fares up to the five dimensions of the business architecture framework, from its value proposition to its partnership, in order to assess the management and evolution of strategic compact in relation to WB’s renewal effort.
While the framework focuses on WB’s key processes, resources, capital(s), growth and so forth, analysis on performance measurements and tracking are also priorities in this report. Application of the Balance Score Card (BSC) model is incurred to evaluate and induce a form of measure to determine WB successfulness of implementing technology & transferring it, along with the actual economic value of the technology itself.
The incurrence of the technology was WB’s initiative to increase knowledge dissemination as it is a fundamental driver of increased productivity and global competition as it’s seminal to invention, innovation, and wealth creation (World Bank Group 2002). Information and communication technologies provide a foundation for building up and applying the needed knowledge in the private and public sectors, though it has induced WB into a major transformation with the possibility of achieving unprecedented benefits. However there is usually no...