From NHS Impact self assessment:

 Management system
A structured, systemic and measurable approach for a whole organisation to link goals to strategy to action, in the long, mid and short-term; as follows:

Develop goals derived the organisations vision, mission and purpose, develop strategy from those goals, and prioritise actions.
Describe the method by which activity at all levels (leadership, management, and delivery) is aligned with goals, how progress and performance is measured, and how to course-correct to maintain progress, i.e. should have plan, do, study, act at its heart at all levels.