Examples of Transparency

Examples of Transparency

Examples of Transparency Jonathan Poland

Transparency refers to the practice of openly and honestly disclosing information to stakeholders within an organization, such as the public, investors, employees, and customers. This concept is often applied to governments, organizations, and teams, and is often considered a principle and a duty. In general, transparency is seen as a positive quality that promotes trust, accountability, and fairness. By openly sharing information with stakeholders, organizations can help to build confidence and foster positive relationships. In addition, transparency can help organizations to identify and address potential issues or problems more effectively, as stakeholders are able to see what is happening behind the scenes. Overall, transparency is an important aspect of good governance and is essential for building and maintaining trust with stakeholders. The following are common examples of transparency.

Financial
Accurately reporting the financial position of a firm to investors including risks.

Strategy
Providing investors and employees an outline of your strategy and business model.

Salary
It is common for government organizations to disclose the salary of staff above a certain threshold.

Freedom of Information
Laws in some countries require governments to share data with citizens. Private information such as medical records and classified information is typically excluded. In some cases, classified information is expected to be declassified with time.

Decision Making
An open process of decision making such as a town that allows citizens to attend council meetings.

Research
Opening research to peer review including source data.

Media
A media organization that publishes sources and funding details. In some cases, processes such as peer review can be used to show that an organization is covering news in an independent way that is truthful and verified.

Technology
Explaining to customers, employees and government regulators how technology such as algorithms work as opposed to claiming they are incomprehensible magic.

Purchasing
A procurement process that invites and selects bids according to an open predefined process.

Conflict of Interest
Disclosing conflicts of interest such as a company that sells one of its business units to its CEO.

Manager
A manager informs her team openly including information regarding the competitive pressures and constraints driving the team’s strategy.

Learn More
Brand Objectives Jonathan Poland

Brand Objectives

Brand objectives refer to the specific goals that a brand is working towards. These goals can be both long-term end-goals,…

Perfect Competition Jonathan Poland

Perfect Competition

Perfect competition is a theoretical market structure in which a large number of buyers and sellers participate and no single…

Team Objectives Jonathan Poland

Team Objectives

Team objectives are specific goals that are established for a team in order to guide their work and track their…

Variable Expenses Jonathan Poland

Variable Expenses

Variable expenses are expenses that can fluctuate over time, making them more difficult to budget and predict than fixed expenses.…

Disruption Strategy Jonathan Poland

Disruption Strategy

A distribution strategy outlines how a company plans to make its products or services available to customers. This includes not…

The Lobbying Process 150 150 Jonathan Poland

The Lobbying Process

Lobbying the government involves a series of steps to effectively communicate your message, build relationships with decision-makers, and influence public…

What is Big Data? Jonathan Poland

What is Big Data?

Big data refers to extremely large and complex datasets that are difficult to process using traditional data processing tools. These…

Cycle Time Jonathan Poland

Cycle Time

Cycle time is a measure of the time it takes to complete a single cycle of a process or task.…

Digital Assets Jonathan Poland

Digital Assets

Digital assets are electronic representations of value that can be traded, stored, and managed using decentralized digital technologies such as…

Latest Thinking

Qualified Small Business Stock (QSBS) Jonathan Poland

Qualified Small Business Stock (QSBS)

Qualified Small Business Stock (QSBS) refers to a special classification of stock in the United States that offers significant tax…

Barrick Gold Jonathan Poland

Barrick Gold

Barrick Gold Corporation (NYSE: GOLD) is a significant player in the global economy, particularly within the gold mining industry. Its…

Newmont Corporation Jonathan Poland

Newmont Corporation

Newmont Corporation (NYSE: NEM), being the world’s largest gold mining corporation, with extensive operations in mining and production of not…

Gold is Money Jonathan Poland

Gold is Money

Overview The history of gold as money spans thousands of years and has played a pivotal role in the economic…

What is Leadership? Jonathan Poland

What is Leadership?

In the modern business world, where rapid changes, technological advancements, and global challenges are the norm, effective leadership is more…

Product Durability Jonathan Poland

Product Durability

A durable product, often referred to as a durable good, is a product that does not quickly wear out or,…

Durable Competitive Advantage Jonathan Poland

Durable Competitive Advantage

The most important aspect of durability is market fit. Unique super simple products or services that does change much if…

Praxeology Jonathan Poland

Praxeology

Praxeology is the study of human action, particularly as it pertains to decision-making and the pursuit of goals. The term…

Business Models Jonathan Poland

Business Models

Business models define how a company creates, delivers, and captures value. There are numerous business models, each tailored to specific…