360 Talks Transparency At Latest Book Club
We just wrapped up the latest 360PR Book Club with a great read – Tactical Transparency by Shel Holtz and John C. Havens. It was a lively discussion (to say the least) and this book left us all contemplating…what is the balance of transparency?
In a nutshell, the book emphasizes that with the Internet and growing use of high-speed connections it is necessary for companies to be transparent. Holtz and Havens define transparency as the degree to which an organization shares its leaders, employees, values, culture, business strategy and the results of its business practices, with stakeholder publics.
There are organizations that use transparency to their benefit, and others who miss the mark. One of my favorite examples is Apple, which was transparent in their response to negative reactions online resulting from a sudden drop in the price of the iPhone. Instead of ignoring complaints from early adopters who felt cheated by the holiday price drop, Steve Jobs apologized in an open letter and offered a $100 credit.
On the other hand, an example from Wal-Mart illustrates how a lack of transparency can backfire. The WalmartingAcrossAmerica.com blog followed the adventures of a couple travelling cross-country, stopping in Wal-Mart parking lots. Customers had a strong negative reaction when it was leaked that Working Families for Wal-Mart (WFWM) funded the trip.
It’s clear that transparency is no longer just a “need-to-know” concept. As Holtz and Havens state, “The flood of social media has brought in an age of digital transparency that is putting the power to create or destroy a reputation into the hands of consumers. Every business today must speak the language and meet the expectations of a new digital population.”






