Value of 360 Feedback for Leadership Development
360 feedback involves methodically gathering feedback on a person's performance from a different people, including peers, direct reports, the boss, and even people outside the company, such as clients or suppliers. The objective is to build a picture of how the person is seen by others, a map of perceived strengths and weaknesses, and a springboard for coaching and ongoing development. Senior executives are most likely to gain. A person becomes more isolated from the constructive criticism that dependable colleagues offer in the course of their daily work, the higher up the leadership ladder they move. Experts believe that, by the time you reach the level of senior executive, the majority, if not all, of your coworkers are likely under you. Your daily, operational behavior may be "monitored" by a board of directors or a very senior boss, but these individuals are unlikely to pay close attention to it. It becomes more difficult to see your strengths and weaknesses objectiv