transparency

Vocabulary Word

Definition

'Transparency' means being clear, honest, and open. It's like keeping all your cards visible on the table. In a professional context, transparency is all about sharing information and not keeping secrets.

Examples in Different Contexts

In corporate governance, transparency refers to the extent to which companies share information about their operations and decisions with stakeholders. A CEO might say, 'Enhancing transparency is vital for building trust with our shareholders and the public.'

Practice Scenarios

Creative

Scenario:

Some team members feel their input isn't being valued. We should implement ways to ensure all ideas are considered fairly.

Response:

Certainly. Maybe we need transparency tools, like anonymous feedback or suggestion boxes, to ensure everyone feels heard.

Impact

Scenario:

There's been an increase in our funding recently. Our contributors should know how their generosity is being translated into action.

Response:

That's a great point. Transparency about how donations are used will definitely show the contributors the value of their support.