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TERM OF THE DAY feedback Process in which the effect or output of an action is 'returned' (fed-back) to modify the next action. Feedback is essential to the working and survival of all regulatory mechanisms found throughout living and non-living nature, and in man-made systems such as education system and economy. As a two-way flow, feedback is inherent to all interactions, whether human-to-human, human-to-machine, or machine-to-machine. In an organizational context, feedback is theinformation sent to an entity (individual or a group) about its prior behavior so that the entity may adjust its current and future behavior to achieve the desiredresult. Feedback occurs when an environment reacts to an action or behavior. For example, 'customer feedback' is the ... Learn more about this term Usage Example The company adapted several of its product features after collecting feedbackand suggestions from customers.

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FEATURED ARTICLE Deciding When To Call It Quits Starting your own business is not for the faint of heart. According to the U.S. Small Business Administration, half of all small businesses will fail before...