Briefly Discuss the Value and the Drawbacks of a 360°

question 83

Essay

Briefly discuss the value and the drawbacks of a 360° evaluation.

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Definitions:

Global Focus

An approach in business strategy that emphasizes understanding and catering to the needs of a global market, rather than focusing only on local or national markets.

Just-in-Time

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Service Sector

The segment of the economy that produces intangible goods, such as services rather than physical products, including industries like healthcare, education, and finance.

Labour-intensive

Describing industries or processes that require a large amount of manual labor input compared to capital investment.