360 Of An Idea: The Future Of Decision-Making

Many of the best-run businesses conduct 360 degree reviews on their employees, where input is collected from fellow colleagues in order to evaluate, provide feedback and compensate based on performance. At Gravitas, we have begun integrating this 360 concept into our decision-making process. By conducting a 360 analysis of important ideas generated, Gravitas systematically evaluates solutions from many different angles to ensure that the best decision – and outcome -- is reached. In doing so, we promote a flat organizational structure that empowers our employees to participate in important decision-making, driving both employee and firm performance. 

Decisions and ideas are typically steered by those with authority and power who have a vested interest in what decision is being made. Often times, companies have found that in hindsight they may have chosen a different path that would have led to a better outcome. When this relates to important decisions such as opening a foreign office, launching a new offering or hiring a key executive, the impact can be enormous – and the best insights may come from others who offer different perspectives.