Reasons for the Necessity of Transparency in the Workplace

Better relationships

The age-old adage that “employees don’t quit their jobs, they quit their bosses” tings more true that you know, according to a Gallup poll. Transparency leads to trust and trust leads to better relationships.

Engagement

When employees are aware of the firm’s strategic plan and their place in how to fulfill that plan, they become more engaged in seeking its outcome.

Profitability

Knowing what the big picture is motivates employees to do more to facilitate the outcome of that picture. Transparency, therefore, becomes a best practice.

Building a Transparent Firm Culture

Commit

The age-old adage that “employees don’t quit their jobs, they quit their bosses” tings more true that you know, according to a Gallup poll. Transparency leads to trust and trust leads to better relationships.

Be open about decisions

The age-old adage that “employees don’t quit their jobs, they quit their bosses” tings more true that you know, according to a Gallup poll. Transparency leads to trust and trust leads to better relationships.

Engagement

The age-old adage that “employees don’t quit their jobs, they quit their bosses” tings more true that you know, according to a Gallup poll. Transparency leads to trust and trust leads to better relationships.

Reasons To Thoroughly Examine Your Company’s Spend Culture

If you don’t define your spend culture values, your people will do it for you.

Allowing others to set your course is very troublesome. Their vision and ideas may not be compatible with yours. If you are not setting the parameters within which to work then your employees will not know what you are looking for. Giving them something tangible to work with will allow them to measure what they are managing and how well they are doing it.

An organization’s spend culture is often directly related to the velocity of its growth.

How your spend culture plays out in the daily workings of you business depends on many factors, such as risk tolerance, engagement levels, experience and values of the people involved in operating the business and making spend decisions. This can be the difference between progressive growth or one that stagnates.

Spend decisions directly impact business agility.

A business naturally evolves away from simplicity and towards complexity. Both innovation and flexibility require a degree of spending fluidity.

A tactical spend culture makes spending strategic.

n order to execute effectively, teams need a vision and strategy that are aligned. Knowing where you want your organization to go and how you’re going to get there helps you select the proper people to bolster your vision.
Companies need to trust that their people are making the best decisions. Understanding the values that those decisions are based on are what is necessary to achieve true alignment of vision.

Approaches To Creating a Profitable Strategic Plan

Know your destination.

Since the beginning starts with the end in mind, knowing your end is crucial.

A new path.

Forging a new path allows you to see new horizons with newly focused eyes.

Define your success.

Defining your success helps you to plan. Re-evaluating your business may require a redefinition of success and a new plan. This fluidity allows you to adapt more seamlessly to changing social, economic and business trends.

Be specific.

In order to acquire the success that you’ve envisioned, you need to be highly specific. Your strategic plan transforms your vision into specific steps with concrete, measurable milestones.

Know the why.

Know the why. Your why keeps you on your path to success. Remembering why you started is a great motivator, especially important when times get tough.

Why a Strategic Plan matters.

Since success means different things to different people, it is important to clearly envision what