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.
Link to Flevy document page: https://flevy.com/browse/business-document/Hoshin-Kanri-155
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