Transparency And Ethical And Unethical Companies

Decent Essays
In a world obsessed with profit and revenue, some companies forgo their morals for financial profit. These companies tend to operate with a lack of “transparency” on numerous levels: externally, in regards to how the business interacts with consumers; and internally, in regards to how management makes decisions and steer the company. In order to display the importance of “transparency,” one must know how “transparency” works / what it is. Once this knowledge is established, incorporation and sustainment of “transparency” become the next the objective. By achieving “transparency,” a company benefit greatly in multiple facets, where they may have suffered before. An ideal way to see these benefits or consequences is to view real-world examples of “transparency” and “non-transparency” in ethical and unethical companies, respectively.
To further understand the meaningful impact transparency has on a company’s perceived person, one must fully comprehend what “transparency” encompasses within a business environment. Andrew Schnackenberg, a professor of Management Sciences at Daniels College of Business, defines transparency as “the perceived quality of intentionally shared information from a sender.” {4} From that definition, it can be seen that transparency is apparent in everyday life, regardless of its perceived importance. A relatable everyday example would be dealing with a company’s customer service department, to say, file a complaint about a defective product. The
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