senior management's monitoring of the company progress towards achieving its strategic objectives
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Explanation:
Monitor and review the strategy
Monitoring and reviewing helps to:
assess what is working and what is not
make adjustments to plans and strategies
discuss new workforce and organisational issues which may have arisen.
Consider at the beginning of the process what qualitative and quantitative data needs to be collected, so that baseline data can be established and progress measured.
Decide what lead and lag indicators provide the highest value to the evaluation:
Lead indicators are the ‘canary in the mine’ that help inform future activities
Lag indicators provide valuable information about what has happened in the past.
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