(SHORT
NOTES FROM STRATEGY TOOLS:
Executing
Strategies at http://www.mindtools.com)
Ensuring That Organizational Activities Deliver Your Vision of the
Future
It's easy to focus so much on day-to-day
activities that you lose track of your original business plan. 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:
1.
helps you re-connect to your business
vision, and highlights any problem areas that you need to address
2.
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
The five VMOST components:
1.
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.
2. Mission
This
is also your organization's purpose, but expressed in terms of key measures
that must be reached to achieve your vision.
3. Objectives
These
are specific goals that you must meet to achieve the mission.
4. Strategy
This
is the overall plan you'll follow to meet your objectives.
5. Tactics
These
are specific sets of actions needed to execute your strategy.
To conduct a VMOST analysis, you need to
determine whether all five VMOST elements are in alignment, both from a
top-down and from a bottom-up perspective.
1.
Choose the analysis scope
2.
Collect the five sets of information for
the scope
·
Vision statement.
·
Mission statement.
·
Key objectives.
·
Strategy document.
·
Tactics used to deliver that strategy
3.
Ensure:
·
the key measures in your mission
statement fit the values described in your vision statement
·
the measures in the mission statement
reach the levels described in the mission statement
·
organization's strategy support the
achievement of the objectives
·
tactics to deliver the strategy
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