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Online Training: Hoshin Planning: Real Life Strategy Execution

An online training course produced by IndustryWeek, in partnership with BMGI

Date: This webinar is now available On-Demand.
Event Type: On-Demand Webinar
Cost: $199 on CD-ROM

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Description

Climbing a mountain seems simple. You can see the peak, and you just need to go from point A to point B. It looks like a straight shot, but you know that's not the case. Rivers, trees, rocks, ravines, and animals all serve as problems to be worked out. To get there, you refer to a compass and consult a map. You and your team ask simple questions like, "Are we on the right path?"; "Have we corrected far enough around this obstacle?"; "Do we still have enough resources?"; "Will we get there in time?"

This is real life strategy execution. Whether you are trying to hike a mountain trail or solve the most pressing business problems of the day, the journey is seldom a straight path. Many times, the journey is never completed.

The most successful organizations figure out how to execute their strategy despite the obstacles. They link their daily execution with the vision of the future. Yet in most companies, problems with execution are quite common. According to Fortune magazine, 70% of CEOs who fail actually fall short because of bad execution. The strategy might be good, but the implementation of that strategy is the problem.

That is where Hoshin Planning comes in. This planning process links the major strategy objectives with the specific resources and action plans needed to make them happen. Through a back and forth refinement system known as "catchball", the entire company becomes involved in delivering a combination of breakthrough performance and daily management.

Does your company have any of these problems?

  • Very long lead-times for improvements
  • Senior management vision does not match organizational activities
  • Annual objectives rolled out in March instead of January
  • Year to year plans never seem to connect
  • Most employees never feel like a part of the team

Hoshin Planning could be the solution you have been looking for. Through this training session, you'll learn how to make Hoshin Planning a fundamental part of your business, which includes these key outputs:

  • Your leadership team is galvanized around a transformational vision.
  • That vision is translated into a tree of business priorities that are cascaded through the organizational hierarchy.
  • Metrics and accountability are attached to each objective at all levels.
  • Specific methodologies, projects and people are deployed to achieve the objectives.
  • Periodic reviews are conducted to refine direction and objectives, and to ensure execution to plan.

Who should purchase

  • Members of senior management who want to align the activities of their organization with the business strategy
  • Leaders or managers responsible for the development or maintenance of a system to monitor performance
  • Supervisors, engineers or process improvement specialists who engage in project management
  • Problem solvers who feel like they have the right team with the right talent, but can't seem to get it done!

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Investment

Included with all registrations:

  • 4 hour training CD-ROM
  • Downloadable slides for note-taking

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Instructor

Wes Waldo
Chief Operating Officer
BMGI


William "Wes" Waldo is a disciplined, organized and highly respected leader.  As BMGI's Chief Operating Officer, he leverages more than 15 years of quality, operations management and process improvement experience as he strives for perfection in BMGI's sales, marketing and internal processes.  Wes' appointment as COO follows many years as a Lean master consultant, Lean product manager and nearly two years as practice leader for BMGI's manufacturing team.  A respected authority in his field, he co-authored the manual A Team Leader's Guide to Kaizen Events, and contributed to The Complete Idiot's Guide to Lean Six Sigma and The Innovator's Toolkit.  Wes enjoys working with a wide variety of organizations from healthcare to high-end technology manufacturing, especially in the development of their strategic planning.

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