Traditional employee performance reviews typically takes place at the end of the fiscal year, and allow managers to provide an assessment of each team member. The conversation usually covers the employee's strengths, weaknesses, the results achieved, future goals, job security, promotions, and compensation.
As an executive or owner, you are always thinking about the big picture. How do we have to change our strategy or business model? How are we going to hit our 5 year goals? How are we driving growth?