Increasing Business Transparency? Ask These Critical Questions

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In this week’s Quick Take, we discuss three critical questions to ask before increasing business transparency beyond what is legally required.

Is your top leadership one of the many that are considering increasing business transparency as a way to increase trust? If so, you may be weighing the benefits and risks of transparency around pay and other financial information, strategic direction, customer issues, operational issues, and more.

Since each of these levels of transparency raises expectations of employees, partners, customers, and other stakeholders, we discuss how leadership teams can decide the level of discretionary transparency that best fits their company’s purpose, culture, stakeholders, and risk tolerance.

Even when you and your team agree that transparency is valuable, an important question remains: transparent to what point?  We share three critical questions that can spark new insights for you and your team as you decide what’s best for your unique company.

When you and your leadership team are in sync about your company’s purpose for transparency and how this fits with your culture, it’s easier to make decisions about what you share and how you share it. | Pam Harper

This week on Growth Igniters® Radio:

• Why increasing business transparency can affect expectations, influence culture, and raise new strategic, ethical, and practical considerations.
• Why another company’s transparency “best practice” may not be suitable for your organization
• How purpose, culture, and risk tolerance shape decisions about business transparency.
• Three critical questions to ask when considering the type of transparency that is best for your company

Resources for This Episode

• Find out more about Pam’s keynote “Break Orbit: Achieving Long-Term Growth in a Short-Term World”

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