Insights

Why Strategy Deployment (Hoshin-Kanri) is the Ideal Way to Develop a COVID-19 Recovery Strategy

While some organizations continue to shelter at home, others are beginning to incrementally reopen their doors only to find a “new normal” coupled with unparalleled economic impact.

Companies large and small are reeling by the rippling impact that COVID-19 has had on their business while the true devastation is still unfolding without modern precedent.  

The full scale and scope of the economic ramifications of the coronavirus are just beginning to become apparent. The second and third quarter projections appear to show the deepest, fastest, drop in economic activity since the U.S. has begun calculating the nation’s quarterly GDP in 1947.

During this time, businesses must look to “focus forward” while developing a robust and comprehensive comeback plan that will not only place them on the path to recovery but will also inspire their entire workforce.  

In addition, it is imperative that companies seek to reimagine their full strength, capability and “True North” as they continue to navigate through these tumultuous economic waters. Now more than ever before, forward-thinking leaders are looking for ways to reestablish their Purpose, Vision and Values while creating dramatically revised Goals, Strategies, Objectives, Tactics and Metrics for their business and their people.

Hoshin Kanri

These unprecedented times require a time tested and true strategic methodology known as hoshin kanri, a Japanese strategy loosely translated to “strategy deployment” or “policy deployment.” It was originally developed by Toyota as a strategic methodology to make dramatic changes while creating complete and total alignment of the company vision, goals and strategies across the entire business enterprise.  

When done correctly, hoshin allows businesses to swiftly integrate strategic breakthroughs into concrete plans at every level of the organization, creating both vertical and horizontal alignment across departments and teams. In addition, strategy deployment tools dramatically reduce the lead time it takes to deploy and execute a plan which is desperately required during these unprecedented times.

Through decades of hands-on experience with the Toyota Business System, our team of Strategy Deployment experts will work collectively to assist you in creating stability amidst this current global pandemic, while reimagining a go-forward strategy that will allow you to emerge focused, inspired and stronger than ever before.

During Incito’s inspiring Strategy Deployment process, we will facilitate key elements associated with your revised breakthrough strategies. We will:

  • Conduct a deep dive review of current business activities and the broader business environment as it pertains to COVID-19 impacts so that we may create a plan to introduce immediate stability across your business enterprise.
  • Design Innovative Breakthrough objectives that will reimagine your go-forward Goals, Strategies and Breakthrough Objectives, post COVID-19.
  • Develop a resource allocation plan as well as key measures for tracking performance.
  • Develop a supportive roadmap and cascaded action plans to help employees succeed at all levels.
  • Develop and facilitate structured and proven planning review processes and procedures (PDCA).

During times of crisis, many business owners’ first instinct is to put out fires as quickly as possible with very little thought or consideration as to how they will survive and succeed when the fire is finally out.

Hoshin Kanri provides a proven methodology that allows businesses to create immediate stability while developing long-term goals and strategies to survive, succeed and grow. 

Contact Incito Consulting Group

To learn more about the Incito Consulting Group’s Hoshin Kanri process and gain insight into strategic planning tools, please contact us at 866-697-LEAN (5326) or send us a message online contact@incito.com

Want to learn more? Schedule a consultation.

About how Incito can help transform your business and tackle your most important strategic challenges.