In Fred Wilson's blog today, he talks about 360 Reviews for CEOs. He says they should be done regardless of whether you have 10 or 1000 employees. I have never heard of a music company attempting one.
A 360 review is a great way for the senior management team to anonymously evaluate the CEO, President, etc of the company. More times than not, this person is usually isolated from day-to-day happenings. Many times employees won't share certain information for fear of losing their jobs or being put on the sh*t list. This information would, in the majority of cases, strengthen the CEO as well as the company.
Fred suggests that the CEO should be present when results are revealed and therefore, can explain his/her self. It's helpful if you have a management coach run the proceedings. For a small sum, don't you think a company like Sony Music, Live Nation or Universal Music would benefit from hiring a management coach to conduct such a review? I'm guessing that unless the board mandates it, no one in upper management will suggest conducting such an inquiry of his or herself. What does this say about those in charge? Has anyone heard of a music company conducting a 360 Review?