What is 360-degree feedback? What are its advantages and disadvantages?
What will be an ideal response?
360-degree feedback is a method of performance measurement by an employee's supervisor, peers, employees, and customers. Often the feedback involves rating the individual in terms of work-related behaviors.
Advantages: Organizations collect multiple perspectives of managers' performance, allowing employees to compare their own personal evaluations with the views of others. This method also establishes formal communications about behaviors and skill ratings between employees and their internal and external customers. Performance improves and behavior changes as a result of participating in upward feedback and 360-degree feedback systems. The change is greatest in people who received lower ratings from others than what they gave themselves. The system is most likely to be effective if the rating instrument enables reliable or consistent ratings, assesses behaviors or skills that are job related, and is easy to use.
Disadvantages: This method demands a significant amount of time for raters to complete the evaluations. If raters, especially subordinates or peers, provide negative feedback, some managers might try to identify and punish them. A facilitator is needed to help interpret results. Simply delivering ratings to a manager does not provide ways for the manager to act on the feedback. Any form of assessment should be accompanied by suggestions for improvement and development of an action plan.
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What will be an ideal response?
Assume you and your supervisor discussed a project that you will begin soon. The supervisor identified the problem to study and the purpose of the study but asks that you prepare a proposal before beginning the work. What factor can you safely exclude from the proposal?
a. Definition of problem and purpose b. Delimitations c. Estimate of resources needed d. Limitations
A business would most likely write a request for proposal to A) advertise openings for two sales positions
B) attract new clients. C) renovate offices. D) interview job candidates.
The LIFO method of inventory valuation can result in a company's ending inventory being valued at less than the inventory's replacement cost because LIFO inventory leaves the oldest costs in inventory.
Answer the following statement true (T) or false (F)