MOST Analysis MOST is one of the business analysis technique which uses four attributes for making and improving strategic planning. MOST stands for Mission, Objectives, Strategy and Tactics. It helps to analyze planning in detail. Strategic planning is a top level planning that makes stakeholders focus about organization. this planning provides base for company’s success. This technique clears where business needs to go, business goals, steps to move forwards and how to convert strategies into action. MOST analysis uses various approaches i.e top to bottom and bottom to top. MOST analysis Approaches Top to Bottom In top approach stakeholders clears mission which will convert into the objectives that helps to build strategic planning. Once strategic planning is completed, tactical actions are taken out. Bottom to Top In the bottom approach tactical actions help to make the strategies planning which then turns to achieve the objectives. Fixed objectives directs business towards business missions. Attributes Mission: Mission attribute indicates where business needs to go. The best business statement indicates what the business should do. It specifies statements which motivates to future of organization. Organization is a composition of various stakeholders. stakeholder can be customer, employees and suppliers. Mission statements helps to decide stakeholders for organization. Objectives: Objectives are the business goals that should fulfill for the success of organization. This is nothing but perfect business plans. Objective should be more specific, easily measurable, achievable, relevant to missions and timely completion. Strategy Strategy includes most important decisions that clears things to done and how to done. Strategy gives direction to business E.g. Outsource product, cost and quality of product, services to offer and geographical location. Tactics Tactics translates strategy into actual work (practical work). Tactics are the activities that helps to boost customer interaction. E.g. Activities include selection of desire employees, advertising of business. Benefits 1 It helps analyst to ensure that business is exactly aligned with objectives 2 It gives clear idea regarding product delivery period 3 It helps to boost customer interaction 4 It ensures business related goals 5 Good strategy planning gives good business
Posted on: Fri, 04 Jul 2014 12:15:35 +0000
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