The 360-degree feedback process involves direct reports, peers, managers, and customers providing behavioral and performance feedback to individuals in order to improve their skills and organizational performance. There are potential benefits for both individuals and organizations, such as increased self-awareness, improved culture, and higher engagement and profitability. However, 360-degree feedback can fail if not implemented properly, for example if anonymity is not maintained or if only weaknesses are focused on rather than strengths. Best practices include clarifying the purpose, ensuring top leadership is committed, preparing participants, and providing follow up support and repeated feedback over time.