First, this article provides an overview of the current situations of the IS strategy research. Next, section 2 describes the development of academic debate on Strategic Information Systems Planning (SISP) where the concept of IS strategy is widened. Then, section 3 provides a detailed context in IS strategy research. This section is based on a literature review which consists of the IS strategy research at a duration between 1970 and 2005. After that, section 4 mainly concerns on the status of research with current IS strategy practice. In this section, the understandings are gathered from interviews with CIO’s, and discoveries gathered from researches that were published. There were two case studies the author has conducted with his colleagues