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Hoshin Kanri ( Hoshin Planning, Policy Deployment, Management by Policy) is a powerful, systematic Strategic Planning/Management methodology developed by Dr. Yoji Akao that uses a Plan-Do-Check-Act cycle to create goals, choose control measures and link daily control activities to the company's strategy. It involves a "catchball" as the driving force of alignment, clarification and employee involvement. The methodology continues to be used by some of the world's most successful companies such as Toyota, Hewlett-Packard and Bank of America.
With the discipline of Hoshin Kanri in place, you can expect the following benefits:
a) Focuses the entire company on a few vital goals, rather than the trivial many
b) Creates alignment towards breakthrough objectives through involvement of the whole management team in the planning process
c) Communicates the key goals to all managers and staff
d) Integrates and encourages cross-functional cooperation to achieve breakthroughs
e) A review process which holds participants accountable for achieving their part of the plan.