How Does Transparency While Company X Refuse To Be Transparent?

Question 6 : There are company Y practise the transparency while company X refuse to be transparent. Company Y has the transparency characteristics as it enforces equality from the controlling system, market selling process and also the processing product. Company Y usually practise transparency to the outsider such as consumers, regulators, banker ( investor ) and also supplier while the top manager used to practise initial transparency of company by telling and giving the detail information about company to the other top managerial, stakeholder, shareholder and employees during they conducting the meeting. The details are about the weaknesses, strength, opportunity and threat ( SWOT ) . With relevant information, …show more content…
Company X is not transparency and cause the customers feel been cheated and the buying product from its company is undervalued. Company X never concern about the qualifies and the qualities that they been pay raise. It just wish to have the attractive incentive for its company. Company X also never promote the culture of transparency breeds trust. They seldom gine the detail information such as the sources of products and the product ingredients to the consumer, they only will share the information when some consumers are asking for it. Thus, as it not transparent in marketing their products, the consumers chose no to buy its product even though the product price is lower than other companies. It is because Company X failed to convince the consumer to buy and provide a trust to them. (Straz, …show more content…
Trust provides strength against adversity for a business. Consumers will be purchasing one company items when they trust one another. Problems are addressed head-on--with no excuses made. Thus, work becomes play in high trust companies. It is interesting to see what can be accomplished when everyone works together to achieve a goal. Trust-building is important as a company begins with honest and transparent communication. Business leaders need to integrate transparent communications into their businesses. This transparent communications program requires full-time commitment. The company must like fundamental business strategies such as requiring executive sponsorship the effort and establishing the transparent communications program a project to be staffed, funded and executed. The company should also establish a small team like interpersonal team to get more opinion from the community and share more information about the SWOT of