What Are the Challenges of Implementing Transparency?
While the benefits are significant, there are challenges in achieving enhanced transparency. These include: 1. Cost: Implementing transparency measures can be expensive, requiring investments in technology and training. 2. Risk of Exposure: Being too transparent can sometimes expose the company to risks, such as competitive disadvantages or public relations issues. 3. Complexity: Managing and disseminating large amounts of information can be complex and time-consuming.