Unlocking Potential: V2MOM an Innovative Framework For Strategic Leadership
If you’re finding it difficult to align your team around a clear vision, you’re not alone. Strategic frameworks can help, but choosing the right one, or blend of, is key. As someone who has always been a fan of theoretical models, I believe they are invaluable tools in strategic decision-making, offering structure for navigating complex scenarios and simplifying the process. They provide versatility across different industry and business contexts, ensuring comprehensive consideration of elements and guiding our thinking systematically. Much like a cooking recipe, they outline process steps (delivery), necessary ingredients (inputs), desired results (outcomes), and potential pitfalls (risks), enhancing clarity and precision in strategy formulation.
A Review of Prominent Strategic Planning and Execution Models
When evaluating models, numerous options are available, each with distinct advantages and limitations. At StrategyBlocks, flexibility is baked in; our platform is designed to accommodate any model you choose, it is a BYOM (bring your own model). Let’s consider some of the leading theories:
Taking a Hybrid Approach
In advising clients on strategy, I consistently recommend a hybrid approach to implementing strategic leadership and execution performance models. Leverage multiple models, selecting the best elements that align with your specific planning or execution challenges. It’s crucial to recognize that each organization is unique, whether public or private, profit-driven or nonprofit, is uniquely different. While generalized models offer value, they rarely match your business needs precisely.
V2MOM my New Favorite
I have long advocated OGSM as a strong conceptual model when considering the various forces at work in monitoring execution performance. But I certainly want to acknowledge the completeness of an approach called V2MOM (pronounced ‘vee-two-mom’, as there are 2 V’s), created by Marc Benioff. This innovative approach to goal-setting and alignment offers valuable insights that can significantly enhance strategic planning processes for organizations.
Breaking V2MOM down to its component pieces:
Vision — what does the organization aspire to achieve, its vision and purpose?
Values — how does the organization want to be perceived, its cultural values?
Methods — what organizational behavior will be required to deliver its vision?
Obstacles — what treats and challenges could impact its methods and vision?
Measures — what will success look like and how is it quantified?
Elevating Your Organization’s Strategic Leadership
Employing a strategic model isn’t about rigidly adhering to a set framework that demands an entire organizational overhaul. Instead, it serves as a strategic tool to reveal overlooked elements and associations, selecting the components that enhance value and disregarding the rest.
Crafting an approach tailored uniquely to your organization for maximum stakeholder benefit is key, but choosing the right framework is only half the battle. StrategyBlocks provides the platform to bring your chosen models to life. Could V2MOM be the missing piece in your strategic puzzle? StrategyBlocks can help you adapt and implement V2MOM (or any other framework) to fit your unique organizational needs. We invite you to see how StrategyBlocks can facilitate this process and would value the opportunity to understand your strategy better and demonstrate our support in achieving your goals. Get in touch!
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