Economics · Performance Appraisal Methods
Which of the following statements accurately describes the operational framework and strategic objective of the 720-Degree Performance Appraisal method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a narrative-based appraisal method that focuses solely on documenting critical incidents without utilizing quantitative ratings.
- 2It involves two distinct cycles of multi-rater feedback from both internal and external stakeholders, where the first cycle identifies improvement areas and the second measures developmental effectiveness.✓
- 3It is a performance management technique where employees and managers collaboratively set SMART objectives at the start of the year and conduct a single review.
- 4It is a single-cycle evaluation system that relies exclusively on internal feedback from supervisors, peers, and subordinates.
Correct answer
It involves two distinct cycles of multi-rater feedback from both internal and external stakeholders, where the first cycle identifies improvement areas and the second measures developmental effectiveness.
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