Build with Leila Hormozi How To Give Good Feedback | Ep 20
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Mar 16, 2023 Feedback is crucial for fostering growth in any organization. A robust culture of feedback enhances talent retention and accelerates improvement. The 'Five A's' framework is introduced, providing a structured approach to delivering constructive input. Emphasizing the importance of context, the discussion illustrates how feedback should be normalized within teams. Personal experiences underscore the positive impact of a well-implemented feedback culture, ultimately leading to a thriving business environment.
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Feedback as a Retention Tool
- Leila Hormozi initially hated giving feedback, feeling nervous and uncomfortable.
- She realized that feedback is crucial for retaining top talent because it shows investment and facilitates growth.
Feedback as an Acceleration Tool
- Feedback accelerates company growth by creating fast internal feedback loops.
- This enables quick information exchange and confident decision-making within teams.
Feedback for Visibility
- A lack of feedback keeps leaders in the dark about company problems, hindering decision-making.
- Giving feedback encourages reciprocal feedback, providing valuable insights into different departments.