Implementing a Feedback Culture in an Organization. Effects of 360-Degree-Feedback on the Company Culture

Seminar paper from the year 2019 in the subject Leadership and Human Resources - Leadership, grade: 2,0, University of Applied Sciences Essen, course: Master of Business Administration, language: English, abstract: Will a feedback culture have an impact on the company culture? For a better understanding, this paper will define the terms of a company culture and the terms of feedback first and will focus on the specific method of the 360-Degree Feedback after. "Silence is praise enough", or in German: "Nicht geschimpft ist Lob genug" is still one of the most popular phrases in German companies and for their managers. 48% of the employees between 18 and 34 years would like to get more praise from their bosses. In the age between 50 and 69 years, still 34% of the employees wish to get more praise. In total, 37% of all German employees get feedback rarely but would like to get more. On the other hand, only 23% of the managers ask their employees for feedback. This leads to the question of how a feedback culture can be implemented in a company.