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IT strategy development frameworks are crucial for adopting innovative IT and e-business solutions for SMEs. However, empirical studies on the use of such frameworks and benefit/barriers experienced by SMEs from the use of these frameworks are limited. We thus report the findings of a survey among a group of SMEs operating in Victoria. We find that only three frameworks are occasionally used by the surveyed SMEs. The implications of these findings for both IT and e-business contexts are discussed.