Hoshin Kanri – sometimes known as Hoshin Planning or Strategy Deployment – is a strategic planning process whereby strategic goals are communicated and translated into action. Originating in Japan in the 1950s and now being adopted worldwide 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.
Let’s take a closer look at a simple five-step Hoshin Kanri process.
What starts, by design, as a small set of strategic objectives, rapidly becomes hundreds of strategic initiatives at any one time. To better align, manage and coordinate these initiatives, large organizations are increasingly setting their sights on developing a Strategy Execution Office capability. Such an office’s charter often includes implementing standards for goal management, managing initiative management and performance management.
Depending on culture, business needs and system maturity, the Strategy Execution Office’s control and influence varies significantly between organizations; from a consultative or coaching, hands-off support role to a directive function that takes control of initiatives.
Regardless of model, tomorrow’s Strategy Execution Office promotes standardization while achieving economies of scale and providing management and workers alike with real-time visibility into progress and results.
Learn more about Hoshin Kanri.
Study our Hoshin Planning maturity model to see where your organization stands on its path to world-class strategy deployment.
Blueprint for a world-class strategy execution system. An i-nexus executive briefing.
Read about i-nexus and its capabilities in goal management, initiative management, and performance management.
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The State of Colorado's Department of Health Care Policy & Financing needed an effective mechanism to translate ambitious goals into executable actions and, just as importantly, positively engage all their employees with the strategy.Tell me more