M4E #59: Hoshin Kanri
Hoshin Kanri, often referred to as "Policy Deployment" or "Hoshin Planning," is a strategic planning and management process that originated in Japan (what a surprise!). It is a systematic approach to aligning an organization's strategic goals and objectives with its day-to-day activities. Find more about it in this short video from the Siemens Knowledge Hub.
Time for Insights
The term "Hoshin Kanri" translates to "compass management" or "direction management" in Japanese, emphasizing its role in guiding an organization toward its long-term vision.
Hoshin Kanri helps organizations to ensure that their strategic objectives are not just words on paper but are actively integrated into their daily operations. It promotes a sense of direction, alignment, and continuous improvement throughout the organization.
Many organizations, both in Japan and around the world, have adopted Hoshin Kanri as a part of their strategic management approach to enhance their competitiveness and achieve their long-term goals.
The Hoshin Kanri matrix, also known as the Hoshin Kanri X matrix or simply the X matrix, is a visual tool used within the Hoshin Kanri strategic planning process to facilitate the planning, deployment, and management of an organization's strategic objectives. We will find more about it in later videos.