VMOST Strategy Analysis Framework
A VMOST Strategy Analysis Framework is a strategic planning method ...
- Context:
- It can be composed of VMOST Elements.
- See: KPI, OKR, Strategy Analysis Framework.
References
2016
- http://www.vmost.tools/vmost-canvas/
- QUOTE: Strategy planning is required to give the changes / projects context, and to ensure that what is being invested in during budgeting will allow us to get to where we want to go.
The VMOST Canvas is an agile strategy framework and planning tool which allows organisations to focus on how they reach their vision. It is a core Business Analyst / Business Architect technique and when used in conjunction with other methodologies such as SWOT and PESTLE it allows the organisation as a whole to be studied.
- V - Vision... The vision is where the organisation sees themselves at a set point in the future (such as in 5 years time). Futurecasting is often used to describe the vision as "A place where..."
- M - Missions... If the vision is where we want to be, missions are the big blocks of change to get us there. Missions are action oriented and explain what will happen at a high level to change the status quo. Reaching a vision may require a number of missions to be completed.
- O - Objectives... Objectives are check points to inform us if we have completed an individual mission or not. Usually they are in the form of KPIs which are set when the missions are identified. Objectives should follow the SMART criteria.
- S - Strategies... Strategies are the areas of focus which the organisation believes will achieve the objectives.
- T - Tactics... These are the actual change projects that will fulfil the strategies. Tactics fall into one of the following following types of change; 1) Product, 2) People, Process or Org, 3) Technology, 4) Marketing
- QUOTE: Strategy planning is required to give the changes / projects context, and to ensure that what is being invested in during budgeting will allow us to get to where we want to go.
2015
- https://www.mindtools.com/pages/article/newSTR_72.htm
- QUOTE: VMOST is an analysis framework that helps you avoid this trap by checking whether the five VMOST elements – Vision, Mission, Objectives, Strategies, and Tactics – are in alignment.
The tool serves two purposes. First, it helps you re-connect to your business vision, and highlights any problem areas that you need to address. Second, it helps you create and evaluate plans for the future, so that you can make sure that they're aligned with your vision of that future.
Let's look at the five VMOST components:
- Vision – This is your organization's purpose, in terms of its values or how it goes about doing business. It should inspire staff, and help customers understand why they would want to use the company's products or services.
- Mission – This is also your organization's purpose, but expressed in terms of key measures that must be reached to achieve your vision.
- Objectives – These are specific goals that you must meet to achieve the mission.
- Strategy – This is the overall plan you'll follow to meet your objectives.
- Tactics – These are specific sets of actions needed to execute your strategy.
- QUOTE: VMOST is an analysis framework that helps you avoid this trap by checking whether the five VMOST elements – Vision, Mission, Objectives, Strategies, and Tactics – are in alignment.
2014
- http://www.bawiki.com/wiki/techniques/vmost-analysis/
- QUOTE: VMOST Analysis ... First proposed by Rakesh Sondhi in 1999,[1] VMOST Analysis is a technique for evaluating an organizations [or any entity really] overall strategy and supporting activities, and determining whether they are all in alignment.[1] The goal of the VMOST structure is to enable a view of strategy (the S) translated into meaningful terms for the benefit of employees, customers, and all other stakeholders by expressing it in the form of visions (the V), missions (the M), objectives (the O) and tactics (the T).[1] By expressing the overall strategy in this way, it can be analyzed for alignment with the current environment and internal consistency.
Most commonly, VMOST is used to analyze the current strategy of an organization or organizational unit, but the VMOST structure and technique can be used for defining and analyzing current and possible future strategies of organizations, organizational units, projects, programs, or even individuals (both in an organizational and personal context).
One way to think of the VMOST process is to think of it as a series of “ends” that are more difficult to quantify, and a series of quantifiable “means” that are intended to achieve the stated “ends”.
- QUOTE: VMOST Analysis ... First proposed by Rakesh Sondhi in 1999,[1] VMOST Analysis is a technique for evaluating an organizations [or any entity really] overall strategy and supporting activities, and determining whether they are all in alignment.[1] The goal of the VMOST structure is to enable a view of strategy (the S) translated into meaningful terms for the benefit of employees, customers, and all other stakeholders by expressing it in the form of visions (the V), missions (the M), objectives (the O) and tactics (the T).[1] By expressing the overall strategy in this way, it can be analyzed for alignment with the current environment and internal consistency.