As stated in Six Disciplines for Excellence, (page 53), "...one of the greatest organizational tools ever invented is the individual quarterly plan. In Discipline IV. Work The Plan, every person in the company works with his/her team leader to develop Individual Plans (or IPs) for the upcoming quarter. These goals are reviewed and checked for alignment with company goals.
This quarterly plan serves as a timesaving template for a weekly IP Status report.
BOTTOMLINE: It is during the weekly IP Status meeting that Team Members and their Leaders take responsibility - and are accountable -- for their own goals, report progress, and use their own innovative capability to solve problems (page 54).
If the concept of a weekly status meeting is foreign or uncomfortable for you, here's a great reference tool (for one-on-one meetings) to help make things go smoothly.
(Tip of the hat to Manager Tools for this one!)