ENTREPRENEURSHIP

Detailed explanation-1: -360-degree feedback (also known as multi-rater feedback, multi source feedback, or multi source assessment) is a process through which feedback from an employee’s subordinates, peers, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves is gathered.

Detailed explanation-2: -A 360 degree appraisal is a type of employee performance review in which subordinates, co-workers and managers all anonymously rate the employee. This information is then incorporated into that person’s performance review.

Detailed explanation-3: -An appraisal made by top management, immediate superior, peers, subordinates, self and customers is called 360 Degree Appraisal.

Detailed explanation-4: -Despite its dark origins, 360° feedback was introduced into the business world in the 1950’s. The Esso Research and Engineering Group (Now known as ExxonMobil) became the first company who had documented use of multisource surveys to evaluate their employees.

Detailed explanation-5: -Performance appraisals are also called performance evaluations, performance reviews, development discussions, or employee appraisals.