Hindsight is 20/20, right? As we look back at this recession and contemplate what happened and why, one adjective pops up repeatedly: transparent. Companies weren’t transparent; they weren’t upfront on their actions and their consequences. People weren’t transparent; they chose not to disclosure enough information.
As a manager, you are privy to much more information than individual-level employees. You learn the wonderful news sooner and the terrible news earlier. What do you do with this information? Do you hold it closely, revealing only what you think is necessary, one piece at a time? And to a chosen few? Stop being the feudal lord of information and be more transparent with what you know, the data that creates context about the business. Here’s what to share and how.
© Leila Bulling Towne 2010