V2MOM is a simple strategic and goal-setting framework for businesses. V2MOM stands for Vision, Values, Methods, Obstacles, and Measures.
Companies can use V2MOM across all departments and employee levels, driving the whole team towards one destination. This cascading framework offers flexibility and scalability, so it’s suitable for businesses of different sizes and industries.
The V2MOM framework was created by Marc Benioff at Salesforce, based on a process he learned during his time at Oracle. Benioff wrote Salesforce’s first V2MOM on an American Express envelope while launching Salesforce in 1999.
Salesforce utilized the V2MOM framework to guide all of its major business decisions from “day one.”
Applying the V2MOM framework to a company involves defining your vision, values, methods, obstacles, and measures. That may require considerable thought and discussion with workers at different levels. Here’s how to apply the V2MOM framework in your business:
Vision: Define what you want to achieve and where you want to go. (Here is a guide on how to write a vision statement with examples).
Values: Determine your values and what you care about as a company.
Methods: Choose your methods — what steps will you take to bring your company nearer to hitting your goal? What actions are necessary?
Obstacles: Identify obstacles that stand in your way, whether they come from a lack of training, competitors, or market conditions.
Measures: Setting measures refers to knowing how you’ll measure success once the V2MOM framework is in place.
Once you have the V2MOM framework in place, you can start moving toward success in an organized, unified way.
The V2MOM framework offers several key benefits for businesses. These include:
1. Scalability: The V2MOM framework suits companies on all scales and can scale with you as you grow.
2. Breaks down silos: A lack of collaboration and information-sharing in businesses can harm productivity and efficiency. The V2MOM framework aligns all departments and workers’ activities towards a specific, clear, shared goal.
3. Introduce better processes: Using the V2MOM framework can help businesses implement stronger processes. As V2MOM brings a better understanding of goals, methods, and obstacles to overcome, companies can use this information to identify valuable new improvement opportunities.
4. Accessibility: The V2MOM framework is easy to understand, explain, and implement.
Companies may experience some challenges when adopting the V2MOM framework. These include:
1. Tracking your V2MOM - Not keeping track of your V2MOM can leave you unaware of its success or failings (and how to fix them).
2. Overlooking methods - Not spending enough time on considering your methods. That can lead you to rush into decisions and processes that may not suit your long-term goals as well as others.
3. Overcomplicating your V2MOM - While building a V2MOM framework demands time and thought, overcomplicating it can distract you from actually putting it to work. Keep it short and sweet.