Whether 360 Degree feedback is relevant and useful for the company?

Purpose: The purpose of the written assignment is to develop skills in finding information,
reading research, analysing research and practice; all skills which are important aspects of
undertaking varying roles in human resource management and other business practitioners. This
assignment requires you to undertake a critical review of the literature on the companys 360
Degree Feedback systems. Through the review of academic peer-reviewed journal articles, you
should also clearly explain Whether 360 Degree feedback is relevant and useful for the
company? Additionally, you are also required to provide recommendations on implementing
the 360-degree feedback. which should be developed by the organisations to overcome their
current performance management challenges.
Context: Thunderbox Inc (see case provided after marking criteria) is in desperate need of a
new measurement system. While others in the organisation are working to improve the types
of measures, you have been invited to critically review their current performance management
approach and 360-degree feedback approach. Then you need to decide whether the company
would be benefiting from a well-designed 360 Degree Feedback system. If so, in recommending
the new 360-degree feedback, you need to provide a clear set of recommendations outlining
who should be involved, when they should be involved, and how this data should be used by
Thunderbox management. If not, then you need to provide a clear set of recommendations
outlining the sources of performance information that should be used and a set of protocols for
the appraisal process.