A passing thought given the current situation where performance amongst traders, investment bankers and all, has been to date deemed successful when the short-term profit target has been met...yielding great results for the individual and organisation alike.

However, as has now transpired, this was success built on a house of cards; the long-term result has been catastrophic.

With 360 degree feedback, the very process of putting in place competencies or standards of acceptable/desired behaviour, can help ensure organisations move towards sustained success, not just short-term results.

It shifts the focus on 'results above all costs', and moves to an emphasis where it is just as important to measure 'what' an individual does and 'how' they do it.