The document discusses developing a business-driven IT strategy using a capabilities approach. It outlines a 5-step approach to 1) identify business imperatives and capabilities, 2) determine required IT capabilities and gaps, 3) create an IT strategy roadmap, 4) realign IT spending, and 5) define the target IT architecture. This approach helps ensure IT investments are aligned with business priorities and maximize their impact. The document also provides examples of how this approach was applied at a power utility to transform customer service delivery.