Abstract
In today's changing and volatile circumstances, business organizations are continually thinking and rethinking about best possible alternatives to improve performance, and satisfy the demands of all stakeholders. For an organization to develop human capital working within, it will have to adapt this technique, and for is to be successful, they would first of all need to know the basic philosophy of this technique. This is where 360-degree feedback mechanism is playing a vital role in organizations through its ability to provide a structured, in depth information about current performance and what will be required for an individual in the future to be competent enough and relevant strategic developmental plans to be formulated. Organisations have adopted 360 degree feedback mechanism which will increase individual self-awareness, survival and sustainability of the corporates in the twenty first century.