In many organizations employees have a destination to reach, but there is no device to help them reach that destination. Sometimes, teams and departments go so far, that they forget about the destination they had to reach. A device or a system that will co-ordinate the various departments of an organization can keep the operations of the company on course. In this article, we will discuss about the Hoshin Planning System and the strategy tools that are associated with it.
Origin of Hoshin Planning System
Hoshin Kanri originated in the 1960s and 70s and is also called the Hoshin Process. It is a useful procedure for managing work and implementing strategy. This approach brings together all the sections of a company for accomplishing a significant objective.
An Idea of Hoshin Planning System
Hoshin Kanri is a strategic planning system with the following features.
- A key objective is selected.
- Brings together implementation plans at all levels.
- Utilizes reviews and revamps the plan on a continuous basis.
It is a systematic planning methodology that defines long range key objectives of a company. These objectives extend to two to five years with not much change. The Hoshin process gives importance to the daily “business fundamental” measures that are needed to run a business successfully.