transparency-initiatives

Vocabulary Word

Definition

A 'transparency initiative' is when steps are taken to make information more easily available and understandable. It’s like a company deciding to make its financial records public.

Examples in Different Contexts

In healthcare, transparency initiatives focus on providing patients with clear information about care options, costs, and provider quality. A healthcare administrator might explain, 'Our transparency initiatives aim to empower patients by sharing detailed information about treatment procedures and costs.'

Practice Scenarios

Tech

Scenario:

We should design principles that enable anyone to contribute to our project yet maintain its quality.

Response:

Our transparency initiatives should definitely include open-sourcing parts of our codebase.

Business

Scenario:

Our financial performance has been improving, but we need to make sure our stakeholders understand this growth.

Response:

One of our transparency initiatives could be creating detailed financial reports and sharing them with stakeholders.