MONITORING OF STRATEGY IMPLEMENTATION
Monitoring of the strategy is ensured through a uniform system of regular tracking of the progress in its implementation.
After the strategy was approved, the process of its monitoring was initiated. It comprises reporting on initiatives, projects, activities and specific financial and operational metrics as detailed targets for individual segments and business areas. The approved detailed targets for each KPI are key to attaining the objectives outlined in the strategy and ensure effective monitoring of the goals and our strategic initiatives.
The strategy monitoring is of particular importance because it ensures:
- Clear communication of the Management Board’s expectations – facilitating implementation of the strategy at all levels of the organisation, in all segments and areas of the Group.
-
Involvement of all management staff in work towards achievement of the goals, in line with the strategy and the adopted corporate values.
The strategy monitoring methods and persons/units responsible for this task are listed in the table below.
|
|
Monitoring measures |
Forum |
|
Review of the strategy |
|
Strategy and Investor Relations Area / Management Board /Supervisory Board |
|
Segment strategies / initiatives / strategic projects |
|
Corporate Strategy Committee |
|
Day-to-day business |
|
Leaders of strategic initiatives, key managers in each business segment |
