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When major corporations like Adobe, GE, Deloitte, and Microsoft ditched their annual performance reviews, they set off sea change in the world of performance management. There’s now nearly universal agreement that these antiquated practices don’t work and need to go, but very little agreement about what to do instead. This gap has left HR and business leaders scratching their heads.
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We humans tend to create practices designed to address the situations we face at a specific point in time, but then cling to those same practices far beyond their useful life, until they actually become counter-productive.
In the case of annual reviews, they’re not only an ineffective holdover of a bygone age, but in many situations are also actually detrimental to the teams, individuals and company cultures that utilize them.
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When inventing something new, there’s always an opportunity to create something new in language as well. Simon Sinek brilliantly did this with his concept of WHY. The terms “mission” and “vision” had become misused and abused to the point where there’d lost their meaning and in many cases gave rise to skepticism and cynicism. He was able to point to the power and truth of the concepts that they initially stood for, and breathed new life into the importance of purpose in the business world.
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I believe that releasing the Best-Self Review will mark a key inflection point in our company’s history, and that we have some great days ahead. Thank you all for making this company what it is today, and for signing up on this journey to becoming your own Best Selves.
I attribute much of our success, and the fact that we’ve been able to be so incredibly effective and capital efficient with such a relatively small team to that commitment we all share to our own growth, development and becoming our best selves.
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