IDEAS home Printed from https://ideas.repec.org/a/ahc/journl/y2023id1837.html
   My bibliography  Save this article

Feedback as a key factor in business development

Author

Listed:
  • I. I. Farafonov

Abstract

This article explores how to effectively foster a feedback culture within an organization. It outlines key principles for providing constructive, motivating, and impactful feedback, including timeliness, an unbiased approach, the use of «I–messages», a positive orientation, openness, and dialogue. Additionally, the article delves into methods of integrating feedback into the organization’s culture, such as one–on–one meetings, feedback cycles, performance evaluations, and cultivating a growth mindset. Furthermore, ethical principles such as confidentiality, objectivity, honesty, and an individualized approach are discussed. By adhering to these approaches and principles and implementing a feedback system within the organization’s culture, companies can create an atmosphere of continuous improvement, trust, and collaboration. A feedback culture rooted in these principles contributes to both the personal growth of employees and motivates them to align their actions with the organization’s goals, ultimately enhancing overall business effectiveness.

Suggested Citation

  • I. I. Farafonov, 2023. "Feedback as a key factor in business development," Entrepreneur’s Guide, JSC “Publishing Agency “Science and Educationâ€, vol. 16(4).
  • Handle: RePEc:ahc:journl:y:2023:id:1837
    DOI: 10.24182/2073-9885-2023-16-4-192-201
    as

    Download full text from publisher

    File URL: https://www.pp-mag.ru/jour/article/viewFile/1837/1688
    Download Restriction: no

    File URL: https://libkey.io/10.24182/2073-9885-2023-16-4-192-201?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ahc:journl:y:2023:id:1837. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.