If your company doesn’t hide bad news and involves its employees in its efforts to address that bad news, does that transparency benefit the company?
Why am I asking these questions? Well, I know of a couple companies that ignore the cancers within and carry on regardless of its ultimate effect. These companies are usually about as transparent as a brick wall and see no reason to change. I am convinced that greater transparency and trust is key to addresses the problems that companies face and to thriving in otherwise difficult times.