VMOST

VMOST analysis is a strategic planning tool that can helps organisations understand their strategic direction. The acronym stands for Vision, Mission, Objectives, Strategies, and Tactics.

The purpose of a VMOST analysis is to help organisations identify their vision and mission, set clear objectives, develop strategies to achieve those objectives, and implement tactics to execute those strategies.

Here's a brief summary of each component of VMOST analysis:

1. Vision: The vision component of VMOST analysis is used to define the long-term aspirations of the organisation. The vision statement should be a clear and concise statement that articulates the organisation's desired future state. For example, “healthcare is unavailable to large numbers of people in our society and we will solve this problem.”

2. Mission: The mission component of VMOST analysis is used to define the purpose of the organisation. The mission statement should be a clear and concise statement that articulates why the organisation exists and what it aims to achieve. For example, “to offer low cost health insurance for the most common ailments.”

3. Objectives: The objectives component of VMOST analysis is used to define specific, measurable, achievable, relevant, and time-bound (SMART) goals that support the organisation's mission and vision. Objectives should be aligned with the organisation's overall strategy and provide a clear direction for the organisation to follow. For example, “we will have 30,000 policyholders by the end of 2025.”

4. Strategies: The strategies component of VMOST analysis is used to define the high-level plans and approaches that the organisation will use to achieve its objectives. Strategies should be based on a careful analysis of the organisation's strengths, weaknesses, opportunities, and threats (SWOT) and should be aligned with the organisation's mission and vision. For example, “we will mass-produce treatments for some ailments and will ensure that high quality outcomes occur for those particular treatments.”

5. Tactics: The tactics component of VMOST analysis is used to define the specific actions that the organisation will take to implement its strategies and achieve its objectives. Tactics should be detailed and actionable, and should be aligned with the organisation's overall strategy. For example, “we will provide treatment in major city hubs only and patients will travel to our limited number of locations.”

The value of VMOST analysis lies in its ability to provide organisations with a clear and structured approach to strategic planning. By following the VMOST framework, organisations can develop a clear and cohesive strategic plan that aligns with their overall goals and objectives, and provides a roadmap for achieving success.