NEW WORLD FINANCE

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Strategic Planning

With Hoshin Kanri methods

Connecting Intent with Execution
Strategic Planning with Hoshin Kanri is a methodology for translating strategic vision into actionable objectives that are aligned with corporate priorities. From its Japanese roots, the literal translation of Hoshin is "shining metal compass or pointing direction." The translation of Kanri is simply "management."

"Many business leaders spend vast amounts of time learning and promulgating the latest management techniques. But their failure to understand and practice execution negates the value of almost all they learn and preach. Such leaders are building houses without foundations."
-- Larry Bossidy

 

The Hoshin Kanri process aligns business objectives and metrics in a coordinated, top-down, bottom-up way. If Strategic Thinking is the formulation of an ideal future, then Strategic Planning is the holistic integration of that future into a viable configuration for execution.

Successful strategic planning is done in a way that optimizes the synergistic interplay of inter-dependent processes, functions, objectives, metrics, tactics, people, review cycles and operating systems. With specific Hoshin Kanri methods, strategic direction is harnessed corporately - and locally - to yield a cause-and-effect system for strategically enriched execution.

 

With Hoshin Kanri methods

Connecting Intent with Execution
Strategic Planning with Hoshin Kanri is a methodology for translating strategic vision into actionable objectives that are aligned with corporate priorities. From its Japanese roots, the literal translation of Hoshin is "shining metal compass or pointing direction." The translation of Kanri is simply "management."

"Many business leaders spend vast amounts of time learning and promulgating the latest management techniques. But their failure to understand and practice execution negates the value of almost all they learn and preach. Such leaders are building houses without foundations."
-- Larry Bossidy

 

The Hoshin Kanri process aligns business objectives and metrics in a coordinated, top-down, bottom-up way. If Strategic Thinking is the formulation of an ideal future, then Strategic Planning is the holistic integration of that future into a viable configuration for execution.

Successful strategic planning is done in a way that optimizes the synergistic interplay of inter-dependent processes, functions, objectives, metrics, tactics, people, review cycles and operating systems. With specific Hoshin Kanri methods, strategic direction is harnessed corporately - and locally - to yield a cause-and-effect system for strategically enriched execution.

Strategic Planning and TPE
In the context of Total Performance Excellence (TPE), Strategic Planning is a fundamental and perpetually ongoing activity. It ensures that the performance objectives of the organization are rationally developed, well defined, monitored and continually adapted based on communication and system feedback.

Ideally, the input to effective Strategic Planning is a strategic vision that has the substance to transform an industry.

The outputs of Strategic Planning with Hoshin Kanri methods are several fold.

  1. Your leadership team is galvanized around a transformational vision.
  2. That vision is translated into a tree of business priorities that are causally cascaded through the organizational hierarchy.
  3. Metrics and accountability are attached to each objective at all levels.
  4. Specific methodologies, projects and people are deployed to achieve the objectives.
  5. Periodic reviews are conducted to refine direction and objectives, and to ensure execution to plan.

Want to Learn More about Strategic Planning?
We can bring this program on-site to your location, or individuals can participate in our public training sessions. Contact us for more information on this program today.mailto:info@newworldfinance.com