All entries for Tuesday 29 November 2005

November 29, 2005

winning strategy–hoshin kanri vs.balanced scorecard

Today we had winning strategy part one- hoshin kanri vs.balanced scorecard.

our group was doing the balanced scorecard, but I found the Hoshin kanri seems very interesting. (maybe because of the name…) Hoshin emphases on PDCA cycle, this cycle in many text books actually is linked with Deming's philosophy or called Deming's model. ( this was the second week we were trying to find out what is the model for Deming, and many Text books refer Deming model as PDCA model)

Seems the balanced scorecard is more new technique and updated tool for performace management. today presentations were interesting, most of groups forgot to identify or write down what is the version.

Could I see the version is a motto for a business? actually in a general contest, version could be personal and corporational.version is the faith that keeps you going everyday, key goals are the steps that we are appraoching the version.

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