Where IT fits in is a very subjective question!
In our organisation, IT is a means to an end. Computers allow us to perform tasks to enable other aspects of our business to run effectively. IT, if you like, is secondary to the plot. Other companies have IT as their core activity and anything else takes second place.
If our IT systems take a dive, the other 95% of our day to day activities can continue without a hitch. We may have to resort to fax and phone instead of e-mail to communicate, or have to write a letter by hand, but it's not the end of the world. However, if a key member of our staff phones in sick, then that's 20% of our service/production manpower out of action.
I guess it depends on whether the tail is wagging thedog or the dog is wagging the tail.