Increasebusinesstransparency

Transparency, is used cross disciplinarily and in a social context more generally, implies openness, communication, and accountability.

Organizational transparency will enable effective communication, build trust, enforce collaboration, integrate the loosely coupled functions into differentiated business competency, and manage change smoothly. 

Transparency is gaining in popularity as a component of leadership, but in uncertain times, the concept is complicated by managing paradoxes. In dealing with organizational and business ecosystem complexity, how to increase business transparency and improve business manageability.

Organizations should actually improve transparency to make them stronger and better at what it does: Keep business transparent, and clarify some important value concerns such as: What is the real tangible or measurable business value? Who is driving or measuring perceived business value? Are all business spending rationalized against the business benefit? Organizations need to promote its products and market its capabilities via transparency and cultural willingness to optimize business spending. Business transparency can help the management tell a story; increase visibility of business leadership, culture, people, keep optimizing processes & costs, take a journey from the current state to the future state of business improvements, of accomplishments, of alignment with business strategies, etc. It's definitely a great core competency to leverage for lifting the organization to the next level of organizational agility, performance, and resilience.

Effective performance management can improve business transparency and enforce employee accountability: Transparency is a fundamental factor for performance management because it enables effective communication, increases visibility, builds trust, fosters collaboration, and manages change smoothly. Trust and transparency mutually reinforce each other. Organizational transparency helps to develop trustful relationships, enforces feedback-feedforward cycle, and encourages people to practice critical thinking, allowing them to identify problems and solve them smoothly. Trust for transparent performance is only possible if culture is developed by the leaders at the top who support an open and trustful work environment and enforce transparency, accountability, consistency throughout the organization.

Insightful business executives push the transparency button and orchestrate change systematically: Nowadays, many organizations are still running in the dark with puzzles about value, cost, risks, constraints, etc. Part of management bureaucracy is exactly what drives their own frustrations with business but an “unwillingness” to acknowledge it. Business transparency is to transform the organization into the system approach, not through the command-control hierarchy only, but through cross-functional communication & collaboration. Transparency is operating in such a way that it is easy for others to see what actions are performed. So the business has a better opportunity to gain feedback, keep improving and innovation.

Transparency, is used cross disciplinarily and in a social context more generally, implies openness, communication, and accountability. By increasing transparency and improving governance, the hyper-connective nature of digitalization provides the new level of management fluency and influence to run a digital business today.

Posted in: Agile,Business Process Management,Keywords in 21st Century,Principle/Practice