How Your Business Can Benefit Most from 360-Degree Feedback

How Your Business Can Benefit Most from 360-Degree Feedback

According to an article in Forbes Magazine, more than 85% of Fortune 500 companies are using the 360-degree feedback process as a cornerstone of their leadership development process. The fact that more than eight out of ten successful organizations use it to develop management talent says a lot about its value. 

Although the name is self-explanatory, using 360-degree feedback in business does not always produce the desired results. It requires knowledge, clear objectives, upper management support, and specific implementation strategies.

Defining 360-Degree Feedback

Opinions are, by nature, subjective, and can be tinged with everything from jealousy and resentment to admiration and friendship. However, when an assortment of opinions is gathered and blended together, several recurring themes and relevant observations emerge – all of which can be used to create a more focused professional development plan. 

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