Lean concepts about Hoshin kanri
Hoshin Kanri
See: Strategy Deployment
Lean Enterprise
A continuing agreement among all the companies sharing the value stream for a product family to correctly specify value from the end customer's point of view, eliminating wasteful actions and making the value-creating activities occur in continuous flow pulled by the customer. The method for conducting the necessary analysis is described in Womack and Jones 2002.
Policy Deployment
See: Strategy Deployment.
Strategy Deployment
A management process that aligns a company's functions and activities, both vertically and horizontally, with its strategic objectives. A specific plan is developed, usually annually, with precise objectives, actions, deadlines, responsibilities and metrics.
Target Cost
The development and production cost that a product cannot exceed if the customer is to be satisfied with the product's value and the manufacturer is to obtain an acceptable return on its investment.
True North
An organization’s strategic and philosophical vision or purpose. It is a link that can include "hard" business objectives, such as revenue and profit, as well as visionary goals that appeal to the emotions. (Adapted from Dennis 2007).
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