What is business transparency?
Business transparency refers to the openness and clarity with which a company shares information about its operations, decisions, and performance.
Why is business transparency important?
It's important because it builds trust with stakeholders, enhances accountability, and can improve overall business performance.
Can you give me examples of business transparency?
Sure! Examples include clear financial reporting, open communication about company policies, and sharing information about supply chain practices.
How can a company improve its transparency?
A company can improve transparency by regularly updating stakeholders, being honest about challenges, and encouraging feedback.
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