Transparency in decision making is crucial for several reasons:
Builds Trust: Open communication helps build trust among employees, stakeholders, and customers. Enhances Accountability: When decisions are made transparently, it holds decision-makers accountable for their actions. Encourages Collaboration: Transparent processes invite input and feedback, fostering a collaborative environment. Improves Employee Engagement: Employees are more likely to be engaged when they understand the reasoning behind decisions. Promotes Ethical Behavior: Transparency ensures that decisions are made ethically and in the best interest of all parties.