transparency

(noun)

Open, public; having the property that theories and practices are publicly visible, thereby reducing the chance of corruption.

Related Terms

  • European Union
  • euro

Examples of transparency in the following topics:

  • Open Communication of Decisions

    • Transparency consists of operating in such a way that it is easy for others to see what actions are being performed.
    • Transparency means operating in such a way that it is easy for others to see what actions are performed.
    • Radical transparency is a management method where nearly all decision making is carried out publicly.
    • Corporate transparency, a form of radical transparency, is the concept of removing all barriers to—and the facilitation of—free and easy public access to corporate information.
    • Explain how a company uses transparency to open communication and why this is crucial to building connections and a sense of community
  • The requirements of a good recording-keeping system

    • Transparency involves displaying the results of measurements.
    • Accessible, transparent measurement has also been known to create friendly competitions between employees or departments as teams try to outdo one another to reduce waste and resource use.
  • Corporate Social Responsibility and sustainable development in the global environment

    • Further, corporate fraud puts into question one of the fundamental reasons of why shareholders invest in public companies, the need for transparency.
  • Sustainability Initiatives

    • It also involves formulating strategies to build a company that fosters longevity through transparency and proper employee development.
    • Three key principles that should form the foundation of a corporate sustainability initiative are: transparency, employee development, and resource efficiency.
    • Transparency deals with the idea that having an engaging and open environment within the company, as well as the community, will improve performance and increase profits.
  • Selling to Businesses

    • Transparency in pricing: Among the more evident benefits of e-markets is the increase in price transparency.
    • Increased price transparency has the effect of pulling down price differentials in the market.
  • Technological Barriers

    • But standards-related measures that are non-transparent, discriminatory, or otherwise unwarranted can act as significant barriers to U.S. trade.
  • Managerial Accounting

    • Some simpler examples of common managerial accounting tasks include developing business metrics, cost-benefit analyses, IT cost transparency, life cycle cost analysis, strategic management advice, sales forecasting, geographically segmented reporting, and rate and volume analysis.
  • The European Union

    • The euro is designed to help build a single market by easing travel of citizens and goods, eliminating exchange rate problems, providing price transparency, creating a single financial market, stabilizing prices, maintaining low interest rates, and providing a currency used internationally and protected against shocks by the large amount of internal trade within the eurozone.
    • The euro is designed to help build a single market by easing travel of citizens and goods, eliminating exchange rate problems, providing price transparency, creating a single financial market, stabilizing prices, maintaining low interest rates, and providing a currency used internationally and protected against shocks by the large amount of internal trade within the eurozone.
  • Word of Mouth

    • For example, in the United States, deliberate efforts to generate beneficial consumer conversations must be transparent and honestly conducted in order to meet the requirements of Section 5 of the Federal Trade Commission Act that prohibits "unfair or deceptive acts or practices. " To help marketers understand the difference between legitimate and unfair practices, a number of professional organizations have put forward recommendations for ethical conduct.
  • Starting the journey

    • Reduce all variations, integrate processes, use standardized parts and materials where appropriate, establish uniform delivery schedules, make performance measures transparent, and empower each manufacturing unit so that it has the capability to produce exactly what is required without having to move along multiple work centers.
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