I have replaced most of my performance management talks (monthly performance, feedback, goal discussion) with walk-n-talks during my past three years. During the walks we talk about everything from business decisions down to personal feedback and I have been able to provide coaching when applicable. This has been an efficient way for me to listen in to all parts of my team, work with the individuals' potential and helped me take the right decision. I have only good experience from this - try it out!