Essential Hoshin Planning Tools for Excellence in Execution
The Devil is in the Execution!
In today’s competitive economic climate, organizations stand or fall by how well they deliver against the promises they make to stakeholders. There are two likely causes of the failure to deliver on promises made: either the strategy itself was fundamentally flawed, or the process through which strategy gets disseminated and executed was ineffective. In the majority of cases, it is this execution process that lies at the heart of the problem with the root causes of this being one of the following:
- Lack of alignment between top level corporate strategy and the initiatives which take place at a tactical level
- Management reviews are predominantly focused around lagging measures which measure outcomes, and not leading measures which predict what the outcomes will be
- Organizations are unable to accurately predict the impact that the successful completion of actions will have on the Key Performance Indicators, and ultimately, strategy.
The process of Hoshin Planning or goal deployment, using the powerful X-Matrix, is being implemented by a number of organizations to help address these root causes, however close to 90% of companies are using spreadsheets to manage this and subsequently fail to achieve their goals.
Join Paul Docherty, CEO of i-nexus, as he discusses the steps organizations can take to address the barriers to effective Hoshin Planning.
This webinar is now available on demand.
