The Toyota way to rapid business transformation
At 70% plus, the failure rate for business transformation initiatives is staggering (Some researchers put failure as high as 80% - 90%). It is not suprising that CEOs are put off from even trying to instigate major change.
However, we do not have to be fatalistic about failure. Although it might be a staggering figure, the high failure rate is not actually surprising, as most organisations go about these initiatives in the wrong way. Like anything else we do, doing things the right way makes all the difference to achieving a successful outcome.
So, it is heartening to know that there is a straightforward but holistic approach to business transformation known as Hoshin Kanri that ensures that your business improvement programmes realise their full potential. Sometimes known as Policy Deployment, Hoshin Kanri is a sophisticated business operating system used by global players such as Toyota, Sony, Hewlett Packard and Intel to increase the success ratio for their strategy planning and improvement initiatives.
But you don’t have to be the chairman of Toyota to benefit from Hoshin Kanri; it is equally helpful in upping the success rate of change or improvement initiatives in any complex organisational setting. And this includes small and medium sized enterprises.
By adopting Hoshin Kanri as a powerful business operation system, you will be able to identify and exploit those great opportunities out there, at the same time the process removes the hidden constraints that hold you back from your goals and gives you invaluable short cuts to get where you want to be.
Used as a business operating system, Hoshin Kanri drives
1. Major uplift in the net worth of your enterprise
2. Rapid business growth
3. Excellent returns on investment
4. Improved retention of satisfied customers
5. High levels of employee engagement
6. A unified focus at every level of the organisation
Our white paper explores the reasons why the usual approaches go wrong and why with a more scientific approach you can expect to achieve successful transformation consistently and reliably using Hoshin Kanri.
Download the White Paper now