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 […]
By Nilakantasrinivasan Recently, a leader I knew for long time, moved from a line responsibility to a functional role. While she thought it’s going to be a cake-walk, but it turned out be a moon-walk. She mis-judged the functional role to be less complex than that of the line role where she handled large […]
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 […]
Canopus Business Management Group
from Canopus Business Management Group
We talked about the need for Lean Six Sigma project selection in detail in the earlier articles, in this one we’ll cover the criteria for selection and the in the following article, we’ll move on to talk about the tools used for selection and how to engage the stakeholders in the process. I have found […]
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As Daniel Pink, author of “A Whole New Mind: Why Right Brainers Will Rule the Future” puts it, the time of left brain thinkers is over. This era is about Right Brain Thinking. Is right brain thinking merely about crazy ideas, innovations and light bulbs? Most organizations put a bulk of the white collar employees […]
