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.
29 Nov 2005 23:57
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Tom Jackson
Regarding the balanced scorecard and hoshin kanri: Hoshin kanri has been around for almost 50 years. The balanced scorecard is a fairly recent (1998) and phenomenon, and relatively limited in score. Hoshin kanri (hoshin for short) incorporates something very similar to a balanced scorecard. But it is much more than this. It is a self-sufficient business operating system. When budgeting is integrated into the hoshin process (as happens at Toyota) it becomes "lean accounting," which at Toyota is called "profit management." Hoshin is also integrated with two other important cost control techniques, target costing and kaizen costing. What really differentiates hoshin from the balanced scorecard is a process known as "catchball," which is a give-and-take process by which top management essentially negotiates strategy and organizational structure with all managers in the company.
14 Mar 2006, 01:17
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