Transparency in business – it’s become quite the buzzword. And like all buzzwords, it’s easy to think of it as just another fad. It’s also easy for an organization to pay lip service to the idea without ever following through. But transparency is important for everyone: employees, leaders, customers, and — for publicly-held companies — stockholders.
Here’s how it impacts each group.
When employees are clear about the “why” behind their assigned projects and tasks, they’re much more prepared to do what needs to be done – which could include them making suggestions for improvements that would otherwise never have been imagined, simply because there wasn’t enough information available.
Educate every employee about the importance and relevance of what they’re asked to do, and you’ll have a more motivated, thoughtful, and productive workforce. Keep them in the dark, and you’re inviting mistakes, lackadaisical performance, and disengagement.