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Find the essentials of strategy execution here
Strategy deployment is a challenging task. This page contains material you can use to improve your odds of getting your strategy executed according to plan.
There are many strategy implementation methods, but there is not a single method that suits all organizations and all situations. The table below helps you choose the best method for your organization among the three most common methods: Hoshin Kanri, Balanced Scorecards, and OKRs.
Hoshin kanri, OKRs and Balanced Scorecard - learn which strategy implementation method is best for you:
A goal-setting framework which combines long term objectives with annual objectives and improvement priorities with KPIs.
Alignment process to reduce waste and to ensure common direction.
OKRs are a goal-setting framework which consists of objectives and key results.
Measurable goals create alignment.
Strategy is formulated using 4 perspectives: finance, customers, internal processes, and learning & growth.
Aim to balance financial and non-financial KPIs.
Change and performance.
Performance and operational management.
Tiered according to organizational level.
Focus on teams.
Business unit focus.
3–5 years and focus on annual planning.
Focus on a quarter of a year with an annual horizon.
More than 1 year. Focus on annual planning.
Best suited to
Companies where internal cooperation and alignment are important.
Companies where the need for internal alignment is low.
Companies with simple organizational structure.
Hoshin Kanri’s simplicity has inspired Amplon to visualize strategy and engage managers and employees of all levels in strategy execution. However, Amplon went a step further and addressed the shortcomings of the Hoshin Kanri method.
This means that companies using Amplon do not need to stick to the lean philosophy (unless they want to); companies can design a bottom-up strategy and easily adapt this software to their culture and processes. Amplon.io makes sharing common development projects and activities easy, ensuring focus in the organization. Instant monitoring of strategy through software dashboards allows for an immediate reaction to any deviation.
Learning material for hoshin kanri:
Strategy execution guides:
In strategy work and communication, terms such as vision, aspiration, goal, objective, and target are often misunderstood. This blog is the glossary of key strategy terminology.