Transparency Business and Personal — What You Know and Share

What is transparency in business? The businessdictionary.com states of transparency, “Lack of hidden agendas and conditions, accompanied by the availability of full information required for collaboration, cooperation, and collective decision making.”

What is the purpose of this article Transparency Business and Personal — What You Know and What You Share?

This is a post written to provide more information on a message posted in the POCbooks Twitter community. K-12 students of today hear more about this subject of transparency; however, many in Social Media marketing and business can also find some value in this.

See the Twitter Cards for Statements

Be Careful: It is often the con person that says: Leave your windows open; Leave your door unlock; no one will take anything. #Transparency
— James Lynch Jr. (@pocbooks) December 24, 2014

Have you seen these words before?

  • Public
  • Confidential
  • Secret

These are words most have heard of and seen used before on documents and signs. Why is some information made public and some not? Especially in the area of businesses, i.e. Internet. The information super highway involves Social Media. I recently read a report that said more companies are hiring people who they were able to observe and follow on the Social Media networks. When someone observes what you can do for a job, your professionalism will be apparent and employers should be able to gauge by the way you conduct yourself in person, (now on Facebook, Google plus, etc…) your skill set; people (soft) skills included.

With that said, businesses often provide financial reports, quarterly statements and additional information to stockholders to show them why they can have confidence in the company and to verify their status. In other words, they are saying, “We are fulfilling our obligations to you in an upright manner that we hope will inspire confidence in our company or organization further.”

Transparency Business not Personal information

You see, transparency’s purpose, at least for the most part in business, is to show a company or organization is honest/upright, which serves to protect the entity and or persons involved in an agreement or contract. Let’s explore this further. For example, what if you and another business/entrepreneur want to open a widgets company together? You both bring financial statements and field experience to the table. Lawyers may be involved in some cases. During the coffee break (had to throw that in), you may even talk about a few personal things happening with little Kiera or Tony. After some hours, everything is hashed out, so to speak. A successful meeting!

Now when the lawyer leaves, does he or she immediately goes out into the streets and tells everybody what was said in the meeting to strangers? Why? You can most likely think of quite a few reasons why not.

You see, there is a statement some parents have told their children to say when (nosy) neighbors would ask about personal family matters that they had no true intentions of helping the situation.

The child: “Mom said, it is a family matter and it’s no one else’s business. Mom said, if they really want to know tell them to come and talk to me.”

You see, in observation, the line in some circles is becoming blurred on what areas in business and life warrants transparency. In general, everyone does not need to know everything, even in businesses. You do your research on intellectual property (music, songs, articles, patents) that has been stolen in the past. In addition to boastful ones who were robbed because people found out they had a certain amount of funds located in this area, or that area. How did they find out? Because the person had maybe a few more drinks than he or she should have and was telling people how much and where.

Reflect on the scenarios above. When it comes to transparency where does it fit in with you in business and personal relationships?

Transparency Business with safety measurements

  • Public — Strangers can access Just how transparent do you need to be?
  • Confidential — Businesses Company owners and directors set the levels. The goal is to provide transparency on a need to know basis for the required implementation of services, but to also factor in the protection of the company and employees from corporate espionage.
  • SecretBest FriendsWhat you tell a faithful friend. Another form of need to know based on the parties involved. Transparency between you and loyal friends are natural and important due to the common bond of a true friendship. Would anyone blur the lines of transparency here by sharing a friend’s personal/business secrets with others?

Always remember the general purpose of transparency in business. Here it is again for ease of reference:

The businessdictionary.com states of transparency, “Lack of hidden agendas and conditions, accompanied by the availability of full information required for collaboration, cooperation, and collective decision making.”

Hopefully, this will help in your wise decision-making efforts for Transparency Business and Personal–What You Know and What You Share.


Originally published at pocbooks.com on December 25, 2014.