Standard Work or Standardized Work in Lean is an important pillar of Lean Manufacturing, Toyota Production System and TQM. The principle of standard work is aimed at formally identifying the defining activities that are best practices and thus for a standard routine for any given role. Here are some challenges in Sustaining Standard Work. Thus […]
Hoshin Kanri (Policy Deployment) is a Japanese method for strategy formulation, cascading and implementation. Many organizations practice Hoshin Kanri (Policy Deployment) including HP, Bridgestone, M&M, Suzuki, Toyota, Honda, Ford, TVS, Bajaj, etc., Many Indian companies across sectors, including Manufacturing and BFSI. Its roots are from Total Quality Management (TQM). In India, most conglomerates use Policy […]
Before the beginning of the next financial year, say April in India, October in US and January for many other countries, business leaders across sectors deploy the next year’s targets to their teams. In India, most organizations do this in March or some in early part of April. This is not sufficient and I’ll explain […]
I asked one question to a handful of employees across various levels and functions in an organization, starting from the CEO – ‘What is your company’s strategy?’ I was startled to learn that nearly every one had their own version of the company’s strategy. Some were close and others way apart from the originally conceived […]
Consider the Strategy Formulation Lifecycle
Consider the following facts about Business Strategy: While 80% of organizations have 3 year ‘Goals’ they hardly have any defined strategy! 80% of all organizations that have well-defined strategies fail to execute them well. Less than 5% of employees understand an organization’s business strategy. 60% of organizations don’t link strategy and budgeting. Large enterprises are […]
One real reason for your organization to fail is not wrong Strategy, but its poor execution. To ensure that does not happen, there are certain skills and experience that are critical : Bulky strategy dossiers don’t matter when it comes to implementation. People who submit such dossiers and leave implementation to you are not the […]
There are the top 10 challenges in strategy implementation in the order of significance. Does your organization face these challenges? And what are you doing about it? Lack of ‘Individual Ownership & Joint Accountability’ for organization goals Non-synchronized effort between leaders/functions in applying a strategy Budgetary Planning, Strategic Planning & Performance Planning non-synchronized Leaders give […]
Businesses thrive by growth. Leaders are expected to find innovative ways to propel the organization in the new direction and to make that growth vision a reality. In this game, most of us take for granted, the fact that the processes we own need our attention. I’m not joking. Smart managers are compelled to delegate the […]
There is no excerpt because this is a protected post.
Loading…
Interview: Organizational Strategy Challenges & Solutions Extract of an interview of Neil published in Consultants Review Magazine about Organizational Strategy Challenges and Solutions The economy stands at a crucial juncture now and constant endeavour for excellence and accuracy has come to be more pivotal than ever before. The goal now is to focus on industry […]
