Engine of Growth
An old force with new power is rising in business,
one that has far-reaching implications for most everyone.
Nascent for half a century, this force has quietly
gained momentum through the last decade; it is now
triggering profound changes across the corporate world.
Firms that embrace this force and harness its power
will thrive. Those which ignore or oppose it will
force is transparency. This is far more than
the obligation to disclose basic financial information.
People and institutions that interact with firms are
gaining unprecedented access to all sorts of information
about corporate behavior, operations, and performance.
Armed with new tools to find information about matters
that affect their interests, stakeholders now scrutinize
the firm as never before. The corporation is becoming
is good news for all of us - customers, employees,
partners, shareholders, and citizens - no matter what
stakeholder hats we wear - because corporations have
become central to our lives and communities. Stakeholders
have an unprecedented opportunity to scrutinize the
corporate world, new power to influence performance,
and the power to potentially cripple companies overnight.
What will stakeholders do with this new influence?
And how should firms operate in the face of it?
that are open in the face of these pressures perform
better. Transparency is a new form of power, which
pays off when harnessed. Rather than to be feared,
transparency is becoming central to business success.
Over time, "Open Enterprises" - firms that
operate with candor, integrity, and engagement - are
most likely to survive and thrive.
will learn how:
Transparency and corporate values enhance market value
Transparency has an organizational form
Transparency brings a power shift to employees; and
employees of an open enterprise have greater trust
in one another and their employer
Transparency is critical to business partnerships
Corporations that align their values with those of
the communities they touch, and behave accordingly,
can develop sustainable business models.
best firms have clear leadership practices that others
can adopt. They understand that investments in good
governance and transparency deliver significant payoffs:
engaged relationships, better quality and cost management,
more innovation, and improved overall business performance.
They build transparency and integrity into their business
strategy, products and services, brand and reputation,
technology plans, and corporate character.
how you can make transparency part of your company's
DNA. Learn how transparency can help your business
to succeed in the new global economy.