What is an X matrix?
What is the X-Matrix? The X-Matrix is a single page strategy planning and deployment tool that includes long-term strategies, short-term annual objectives, tactical initiatives (projects), metrics, and resource owners for each component of the plan.
What is the purpose of an X matrix?
In Lean management, the goal of applying the X matrix is to align the long-term needs with strategic initiatives, identify the most important activities along the way, and list the metrics that you need to improve. The name comes from the X that divides the matrix into 4 key quadrants: Long-term goals (south)
How do you fill an X matrix?
The X-Matrix has a number of fields. To fill it out, you start at the bottom (usually called “South”) with the long-term objectives. Next comes the annual objective (left, or “West”), then the top-level priorities (top, or “North”), and finally the targets to improve (right, or “East”).
How do you do Hoshin Planning?
The 7 Steps of Hoshin Kanri Planning
- Step 1: Establish the Vision and Assess the Current State.
- Step 2: Develop Breakthrough Objectives.
- Step 3: Define Annual Objectives.
- Step 4: Cascade Goals Throughout the Organization.
- Step 5: Execute Annual Objectives.
- Step 6: Monthly Reviews.
- Step 7: Annual Review.
What is Hoshin Planning Matrix?
The Hoshin Planning Matrix, or X matrix, captures the objectives and cascading priorities. Other tools, such as detailed action plans, summary reports and value stream maps, also help in identifying improvement opportunities and managing progress toward achieving goals.
How do I create a Hoshin plan?
What is Catchball process?
Catchball is an approach to decision-making in an organization or group where ideas are pitched from one individual to another throughout the group’s hierarchy and divisions. The process is intended to encourage those who have ideas out of their area of specialization to share them.
What is Hoshin Planning used for?
The purpose of Hoshin Planning is to improve communications throughout the company, whilst also reducing the waste created by poor direction or bad management at any level. For this reason, companies that use Hoshin Kanri often follow a Think, Plan, Implement, and Review process.
What are the four phases of Hoshin Planning?
Hoshin Kanri, also known as Policy Deployment, is another aspect of Lean that is designed to ensure the strategic goals of a business are driving progress and action – at every level….
- 1 – Create a Strategic Plan.
- 2 – Develop Tactics.
- 3 – Take Action.
- 4 – Review and Adjust.
What is Hoshin methodology?
Hoshin Kanri (also called Policy Deployment) is a method for ensuring that a company’s strategic goals drive progress and action at every level within that company. This method eliminates the waste that comes from inconsistent direction and poor communication.
https://www.youtube.com/watch?v=eyJBcL8jq-A