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Hoshin Planning Issues and Resolution

Figure out what to do after you figure out what to do

Forrest Breyfogle—New Paradigms
Fri, 03/16/2012 - 15:53
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I n my February column, "Avoiding Company Decline," I described how part of a corporation's economic slide could be attributed to organizational scorecards or dashboards because they are often ineffective in promoting the most appropriate behaviors. In this column, I will show how creating and executing strategic planning statements also can contribute to a company's decline.

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Organizations often create an annual strategic plan to provide direction for the year. Figure 1 shows sample wording of one company's statement, as posted on the Internet.

Our company's objective is to maintain its position as one of the leading manufacturers of connectors, PC enclosures, and other precision components, and to successfully develop products and market them for use in network communication and consumer electronic products. A number of strategies have been developed to attain this objective:

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