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Still, some experts caution that scrapped performance reviews must be replaced with some form of feedback mechanism.
WSJ: Performance Reviews Lose Steam
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The feedback mechanism described by Hyman Minsky, an American economist, seems pretty clear.
ECONOMIST: Buttonwood
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The suspicion is that some kind of feedback mechanism may have been involved.
BBC: NEWS | Science/Nature | Past gives clue to climate impact
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The feedback mechanism also offers a benefit to the scientist that could help refine a project focus based on crowd support and ideas.
FORBES: Crowdfunding for Science and STEM Education
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In my experience, this feedback mechanism is usually a test regime that will put the offering in front of people online and measure their response.
FORBES: 3 Simple Words For A More Successful Startup
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Unlike the classical gold standard, there is no market feedback mechanism to bring the quantity of money in line with the demand for money while maintaining long-run price stability.
FORBES: The Limits Of Monetary Policy Call For Moral, Sound Money
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For entrepreneurs, it provides a highly valuable feedback mechanism on prospective offerings while allowing them to access capital much more readily than traditional vehicles including SBA loans, VCs and Angel investors.
FORBES: Earlier this year I wrote in Harvard Business Review
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The touch system on the Instinct is more like that on an ancient ATM than a cutting-edge gadget, even though it has a gimmicky feedback mechanism that gives you a tiny vibration-jolt when you press an icon.
WSJ: Instinct Doesn't Ring True as iPhone Clone
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Melting on the ice sheet's surface acts as a feedback mechanism, Dr van den Broeke explained, because the liquid water absorbs more and reflects less of the incoming solar radiation - resulting in a heating of the ice.
BBC: Greenland ice loss 'accelerating'
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When credit worthiness is the rationing mechanism then a positive feedback is set up.
FORBES: Housing in 2013