5 benefits of business transparency
Even in the open, accessible nature of today’s digital world, many businesses are just not transparent enough in their operations.
There is an increasing push for organisations to be transparent in a range of internal processes, including strategic planning. So why exactly does your organisation need to maintain visibility during these and other processes?
1. Engage your employees
The first and foremost benefit gained from business transparency is better employee engagement. When your staff are privy to the inner workings of the strategic plan and how it is progressing, they are more likely to actively engage with it and contribute to its ongoing success.
With cloud-based business strategy software, it is now easier than ever before to share your strategic plan with your employees and keep them in the loop.
2. Give them autonomy
Transparency with planning also helps to give your employees a sense of autonomy, furthering their level of engagement with the strategy.
For example, StrategyBlocks software divides the overall strategy into more manageable ‘blocks’ to help inform each employee of their place and role in the wider plan. Such strategy mapping software can be used to delegate tasks and help with decision making across the board.
3. Build trust
There are few things that can help build a sense of trust among your employees better than giving them access to relevant, up-to-date information.
Sharing the entire strategy with them can remind them they have an important role to play in the organisation.
4. Better feedback
Transparency isn’t just a one-way interaction – making your processes visible to your organisation can also help facilitate and encourage feedback from your employees, allowing you to gain valuable insight into potential areas for strategic improvement.
5. Greater clarity
Keeping your strategic planning transparent is the best way to keep everyone within the business on the same page, providing an organisation-wide view of the goals and expectations outlined by the strategy.