In a typical planning process, what does "VM" represent?

In the context of a planning process, "VM" often stands for "Vision Model." A Vision Model serves as a framework comprising an organization’s aspirations and the strategic direction it aims to take. It articulates the long-term goals and objectives that provide a clear picture of what the organization wants to achieve, helping ensure all stakeholders have a shared understanding of the future vision. This clarity is vital in guiding decision-making, aligning resources, and implementing strategies effectively.

While a Vision Statement is also an integral part of conveying the organization's intended future, it is typically more concise and less detailed than a Vision Model, which encompasses broader strategic planning considerations and actionable items. This makes "Vision Model" the more comprehensive and relevant answer in the context of the planning process, as it addresses the conceptual framework rather than a specific phrasing of the vision.