The Hoshin Planning is a management method used to align an organization’s goals and objectives with its strategies and tactics. It is a structured process requiring every person’s effort in the company. It creates a clear vision for the organization.
Main Benefits of The Hoshin Planning
The Hoshin planning is a long-term process that provides a framework for organizations to make data-driven decisions. By using planning, implementing and measuring their strategic objectives, Hoshin Planning helps to increase accountability.
The Hoshin Planning helps:
- to align an organization’s goals and objectives with its strategies and tactics,
- organizations to successfully manage their key strategic initiatives,
- to ensure that everyone in the organization is working towards the same objectives,
- to ensure that an organization is using its resources efficiently to achieve its goals.
Explanation of The Hoshin Planning
The Hoshin Planning is a strategic planning process that focuses on team-wide continuous improvement and learning.
Hoshin Planning is also known as Hoshin Kanri. The words “hoshin” and “kanri” mean “direction” and “management”. When they are used together, they ask the question of “How do we manage our direction”.
Hoshin Planning is a continuous plan that generally includes the following steps:
- Establish key strategic objectives: Hoshin Planning starts by defining big-picture of vision, purpose and objectives. Strategic objectives need to be clearly defined.
- Set strategic goals to achieve the objectives: The big objectives need to be broken down into smaller goals, at a weekly and monthly basis.
- Take Action: Setting of annual improvement plans including targets and means.
- Regular Progress Reviews: The review of results on a weekly, monthly and annual basis is crucial for achieving improvement objectives. Performance measurement is also a key part of the process.
The Hoshin Kanri Matrix, or X matrix is a template with four quadrants that represent your business strategy:
- Top-level Improvement Priorities (North): In this area of the matrix, specific opportunities for improvement are listed.
- Targets to Improve (East): Includes the measurable targets to achieve the objectives.
- 3-5 Year Breakthrough Objectives (South): Key strategic goals that are to be achieved within the next three to five years.
- Annual Objectives (West): Includes annual goals that are necessary to reach the breakthrough objectives.
The Hoshin Kanri Matrix is a management technique used to align an organization’s goals and objectives with its strategies and tactics. It makes sure everyone is working towards the same objectives.
How to Apply The Hoshin Planning
To apply The Hoshin Planning to your business, FITMINDS is providing an adoption of the model that fits your company and your company’s needs. The Hoshin Planning ensures your strategy progresses at every level of the organization.
Contact us to get more information or discover your probable personalized roadmap for The Hoshin Planning.
Additional Tips and Readings
- You can read OGSM Framework for business-planning framework.
- For methods of strategy formulation, you can read Mintzberg’s 5ps Of Strategy.
- For a a step-by-step strategic planning tool, you can read The Five-Step Strategy Model.
- To read more about business strategy, you can check Pyramid of Purpose Model.
Contact us to develop successful marketing strategies via The Hoshin Planning.
