ORLEN ORLEN Group 2017
Integrated Report

Monitoring of Strategy Implementation

GRI INDICATORS:
Capitals:

Monitoring of the strategy is ensured through a uniform system of regular monitoring of the progress in its implementation.

Having approved the strategy, we carried out the process of its operationalisation, which consisted in defining precisely the projects, initiatives and specific quantity targets as detailed targets for individual organisational units in each segment and business area. Approved detailed targets set under each KPI, which are of key importance to attaining the objectives outlined in the strategy, ensure effective monitoring of our strategic initiatives.

Operationalisation of the strategy is of particular importance as it ensures:

  • Clear communication of the Management Board’s expectations – thus ensuring implementation of the strategy at all levels of the organisation, in all segments and areas of the Group.
  • Involvement of of all management staff in implementing the objectives, in line with the strategy and the adopted corporate values.

Methods of and persons responsible for monitoring the strategy are provided in the following table.

 

Monitoring measures

Forum

Review of the strategy

  • Review of implementation of strategic objectives (KPIs and projects).
  • Review of strategic assumptions.
  • Review of the Company’s activities and the macro environment.
Management Board/Supervisory Board
Partial strategies/strategic projects
  • Review of execution of strategic projects and achievement of KPIs across segments.
Corporate Strategy Committee
Day-to-day business
  • Review of the KPIs of key importance to the strategy's success.
Key managers


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