360-degree feedback is a comprehensive evaluation method where an employee receives feedback from their manager, peers, subordinates, and sometimes clients. This multi-source feedback provides a well-rounded view of an employee's performance, skills, and behavior.

In a corporate setting, 360-degree feedback can help identify leadership potential, highlight areas for development, and improve team dynamics. For instance, a project manager might receive feedback on their communication skills, project management abilities, and team collaboration efforts, leading to targeted development plans.