One of the things that I feel that makes certain people and organizations tick while others don’t is ‘The Feedback Loop‘. I believe most(all?) successful people/companies have a good feedback loop which helps them gather external information, couple it with internal hunches/insights and improve their course of action/style of working.
“The Feedback Loop” is a great tool when you are learning something. It could be internal/self imposed practice->finding gaps->closing them or taking feedback/help from someone else/internet and improving your skill. This is purely an execution skill. Figure out how can you best assess your current level(the more sources the better), and then use your sense to improve yourself
For instance: If one were to learn a foreign language remotely. They can
Watch videos, join an online course, study tutorials, read a book or use an interactive app.
An evolved brain would be able to choose the best options from the above mentioned which in turn would help them by leveraging the benefits of feedback loop. Let’s say an app which let’s them not only learn the language but also practice it and rate their skill set and provide suggestions
Similarly people/organizations which have evolved, have a tight feedback loop (Identify gaps/scope of improvement ->Have yourself/team figure out how to fix them->repeat) which serves as a continuous self improvement process. Like the perennial structured software testing which never stops and is actively followed up with not only bug fixes but also some learning in the system which ensures that such mistakes are not repeated again. To make the process water tight, there’s a metric/check in place which makes sure that learnings are executed and not lost
Most people are not good at taking direct feedback and thus end up seeking only the indirect feedback if at all. Which needless to say is less efficient. They are anti-feedback types, every time honest feedback about their abilities is pointed out, they start looking in opposite direction. If only they could set their egos aside and taken in as much as they can without bothering the form and source.I’d blindly side a guy who has figured out a way to improve themselves/their work on their own.
Implement –> Test/Seek Feedback –> Learn –> Fix –> Repeat
At a organizational level, there are various sources of feedback, namely employees, customers, partners, investors(if any). If you don’t have a process of continuously seeking their feedback, logging data in a structured format, analyzing it and using the insights to improve the ways things are done, you are missing out a lot.
Got any thoughts on ‘Feedback Loop’ for individuals and organizations?