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We’re noticing that increasing business transparency is on the minds of many CEOs, C-Suite executives, and Corporate Directors. Maybe it’s on your mind, too. At its best, being transparent with employees and other stakeholders can create understanding and clarity for decisions impacting top and bottom-line results. Yet, at the same time, your leadership team needs to consider the many ethical, legal, strategic, and executional implications that can create complexity.
That’s why, in this Quick Take episode, we’re discussing three of the most critical leadership questions to discuss before you decide on the level of transparency that’s right for your company. Find out why we believe that top leadership needs to have this conversation before reaching out to others. We also discuss why top leadership needs to be completely open with each other about the reasons for increasing transparency, including the benefits and the risks. In addition, we discuss the art of deciding the type of sensitive information to share with employees, partners, suppliers, investors and other stakeholders. We also talk about the importance of top leadership modeling transparency and committing to positively reinforcing it.
The more candid and aligned your top leadership team is with each other about these questions, the more likely you will be able to set the level of transparency that’s right for your business and industry.
While leading for increased transparency can be valuable, it’s an art and not an exact science. What could be a natural fit for transparency for one company’s culture may not be right for another. – Pam Harper
This week on Growth Igniters Radio:
- The benefits and risks of increasing business transparency
- Why it’s critical for leadership teams and boards to be transparent with each other before making decisions about increasing business transparency
- Three of the top leadership questions to ask about transparency before you reach out to others and raise expectations
Resources Mentioned:
- Learn more about Pam’s keynote address at Pam Harper Speaks
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