Hoshin Planning Approach

For many organizations, strategic planning is an event that occurs every few years, where top-level executives agree on a plan that then sits on a shelf and gathers dust until the next planning session. Intentions are good, but execution falls short and the business never reaches its long-term goals.

Now imagine a strategic planning approach that aligns the organization’s vision with actionable goals, and holds leadership at various levels of the organization responsible for achieving these objectives. This approach is called Hoshin Planning. Used by successful businesses in many industries, including Toyota, Bank of America and Hewlett Packard, Hoshin Planning enables organizations to focus short-term efforts on achieving key long-term goals, without losing sight of day-to-day operations.

At Innovation 360, we believe the Hoshin methodology far surpasses traditional MBO (Management by Objectives) planning approaches. In addition to aligning business leadership behind a common goal, Hoshin allows for strategic objectives to be shared with every employee using a participative approach that enhances the workability of the plan and increases participation and buy-in.

Innovation 360's Hoshin Planning experts are available for onsite engagements. Contact us for more information.