A strategy is an expression of what an organization intends to do to get from a current state to a future state.
However, many companies lack a structured and effective process for developing and deploying their strategy. Strategic plans are often developed in isolation and rarely aligned across the organization. As a result, the organization's strategic objectives are not well defined and communicated, and do not impact day-to-day decision making and resource allocation.
A study performed by the Balanced Scorecard Collaborative indicates that
- only 5% of the workforce understands their company strategy
- only 25% of managers have incentives linked to strategy
- 60% of organizations don't link budget to strategy
- 86% of executive teams spend less than one hour per month discussing strategy
Our Strategic Planning and Deployment Process, based on Hoshin Policy Deployment, provides an organization with proven and effective methods to develop, communicate and align its strategic goals, objectives, and initiatives.
The organization's strategic plan then forms the basis for establishing an effective Performance Management System based on Balanced Scorecards and for initiating critical Operational Excellence projects and activities.
A well-defined and disciplined management review process, and the focused deployment of Process Excellence Solutions, including Lean Management, Six Sigma Methodology, 8D Problem Solving Process, will ensure that progress toward the organization's strategic goals and objectives is made and that risks and roadblocks are identified in a timely manner.
To learn more about the Hoshin Policy Deployment Process, please Contact Us. Benefit from our expertise and experience to help organizations drive profitability and create growth through the innovative application of Operational Excellence principles, methods, and tools.
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