Hoshin Kanri is, in our view, the most comprehensive strategy execution methodology, as it considers all the elements required for successful execution: people, challenging objectives, improvement projects and actions.
The process is structured around five elements:
-
1. Long-term objectives and direction, expressed through three-year strategic priorities
-
2. A short-term vision for achieving those priorities, represented by annual objectives
-
3. A practical plan for achieving the defined objectives, consisting of improvement projects
-
4. Project objectives
-
5. The resources required for the process to work effectively
Advantages:
- A complete and consistent view of all interactions
- Clear individual objectives directly linked to the organisation’s objectives
- Monitoring of projects, process performance and individual actions
Disadvantages:
- Requires strong commitment and a shared culture
- May be perceived as a complex tool