The CEO of a multi-million dollar public company asked a new entrepreneur for feedback on their software. The entrepreneur was excited to share their honest thoughts and suggested a fix to one of the features. The fix was implemented that same week.
Meanwhile, a smaller competitor was hiring employees in an attempt to expand. They reached out to candidates with the promise of a job, only to redirect them to an impersonal screening call. The recruiter recorded answers to questions without actually listening to any of the responses. The candidate ended the call by asking for feedback to better prepare for the next interview. The recruiter then shamed the candidate for demonstrating weakness, and disappeared without replying to any of the follow ups. The company struggled and ended up laying off 50% of its employees before being acquired for parts.
After experiencing the culture of each of these companies first hand, their fate doesn’t surprise me. The CEO is a reflection of a company that is successful because it values feedback and continuous improvement. On the other hand, a company that considers asking for feedback to be a weakness is bound to end up failing. True weakness is being afraid of rejection and constructive criticism that might lead to you having to change.
Ask for, and listen to, feedback.