Leadership development network with NewAgeLeadership? Why the name 360-degree feedback? In any work environment, usually, the feedback flows from top to bottom. Most employees get feedback from their direct managers about their performance and behaviors. So we can call this feedback unidirectional or from a single rater or a single source. The boss’s perception can be inaccurate or biased. In contrast, the 360-degree feedback comes from all directions. The word 360-degree refers to “all-around” or all directions as there are 360 degrees in a circle. For any employee, the 360-degree feedback is solicited from people who work above, below, and across the employee. These are bosses (above), subordinates (below), and peers (across). Sometimes, 360-degree feedback can also include vendors or customers.
Changing leaders and teams at the same time : The team as a whole articulates one leadership growth area and each team member defines their own leadership growth area that relates to the team focus. This creates an interdependent team effort with a common focus on producing results for their individual effectiveness and team productivity simultaneously. Create a Team Culture of Openness to continuous change : When team members collaborate as stakeholders in the TEAM coaching programs, it creates an open culture for leadership and team culture change. Furthermore, team members feel comfortable to use feedback and feedforward around the organization to drive change for themselves and their teams.
Stakeholders see the leadership behavior on a regular basis and are in the position to give feedback on the quality of leadership as well as tell the leader whether that quality of leadership is improving or not. They are also in a position to hold the leader accountable when he commits to changing/improving her leadership behavior. They provide on-job coaching and accountability to the leader while she makes an effort to improve her leadership. Marshall Goldsmith’s stakeholder centered coaching is based on this concept of involving the stakeholders – the people who are at the receiving end of the leadership behaviors. It starts with an assessment of the current leadership quality by soliciting 360-degree feedback from the stakeholders. Based on the feedback, the leader chooses 1-2 areas to improve in order to become a better leader.
Who could use more of your capabilities and potential? The good leader or the not so good leader? The answer is obvious – good leaders bring out a lot more of an employee’s total potential. Good leaders encourage others to work to the best of their abilities, inspire them, and abet their motivation. They have a clear vision about things they say and give the right direction whenever required. Such leaders possess traits that people willingly follow. On the other hand, poor leadership behaviors have a measurable and significant detrimental effect on the entire team. Good leaders bring out the best in individuals, teams, and organizations. Extraordinary performance requires extraordinary leaders. The leader’s personality has a significant influence on the performance of any organization or any group of individuals. Traits and values exhibited by the leader enable the employees to perform optimally and accelerate their performance to a great extent. See additional information on Leadership coaching.
Most leadership development programs in India and worldwide are a waste of time! An estimated $62 billion was spent worldwide on leadership development initiatives in 2014. And yet, the numbers on the effectiveness of leadership development programs is both shocking and depressing. The primary reason for the ineffectiveness or failure of leadership development initiatives is the fact that there is a fundamental problem with most of them. Read my article to find out this fundamental flaw- Why leadership training fails and the fail-safe solution for it.
DDI estimates the financial cost of a single leader to be $126,000 per year! What would it be worth if these leaders improved in their bottleneck areas? With LMC you can make it happen. create a culture of transparency, dialogue, openness. And the culture, in turn, will supercharge team engagement and performance. Connect for special pricing for a group of 5 or more leaders. Get guaranteed and measurable leadership growth (in their bottleneck areas) with our leadership coaching packages. Set an appointment with us for getting the best deal for your leadership coaching package.
Leadership affects almost every aspect of an organization’s performance whether the organization is for-profit, non-profit, political or social. Good leaders make a difference in the world. We are a team of passionate leadership development professionals who are certified in Marshall Goldsmith Stakeholder Centered Coaching process. Find more details at https://newageleadership.com/.