Many of the best CEOs today utilize Continuous Performance Management (CPM) throughout their organizations. CPM refers to performance management processes that occur on an ongoing basis, rather than via some annual or biannual appraisals. Near-term objective setting done as part of the CPM process should be based on the strategy and alignment discussed above. CPM need not be time intensive – many successful CEOs simply request that every manager meet with her reports on at least a weekly basis to review performance – often in an informal meeting that lasts for no more than 10 minutes. These meetings give workers a chance to educate management on where employees stand with respect to each relevant objective.
Full INC. article link: https://www.inc.com/joseph-steinberg/7-ways-successful-ceos-improve-performance-of-their-teams.html