Hoshin Kanri is a strategic planning process whereby strategic goals are communicated and translated into action.
Without the correct methodology, organizational culture and systems in place, most strategies fail in their execution.
For a number of highly successful organizations, Hoshin Kanri is the Strategy Execution methodology underpinning success.
Originating in Japan in the 1950s and widely adopted as the de facto Strategy Execution methodology, Hoshin Kanri means ‘compass management’ and serves to align the entire organization’s resources and actions with management’s strategic goals.
Investing in a Strategy Execution methodology such as Hoshin Kanri allows your business to:
– Drive rigor into the way top-level strategic goals are cascaded throughout the organization.
– Ensure that these goals, and the strategic initiatives that relate to them, are aligned and understood across the organization.
– Ensure that progress and results can be regularly reviewed.
Hoshin Kanri is recognized as one of the most rigorous methods of Strategy Execution that can yield considerable business benefit in the mid-to-long-term.
But what does Hoshin Kanri entail? Is Hoshin Kanri different from Policy Deployment, Goal Deployment and Strategy Deployment? What are the principles you need to know, and how can your organization replicate the success of Strategy Execution masters such as Danaher and Ingersoll Rand?
This is your guide to Hoshin Kanri and how it can help your organization turn strategy into operational reality.