At last week’s Neighbourhoods Scrutiny Committee meeting there was a (metaphorically) mumbled admission that the “20% carbon reduction by 2014” target was going to be missed by at least 7%. This despite the fact that as recently as July 2013 it was confidently stated that this target would be achieved.
It got me thinking about what transparency actually is. And then the Internet provided this below, from 99u.com
When a lot of people are relying on you, it can be hard to admit defeat. A common reaction might be to cover for yourself and scramble to make the deadline without anyone else ever having been the wiser. And while it may work on occasion, you may be doing yourself more harm than good in the long run. Craig Shapiro, CEO and Founder of Collaborative Fund, explains:
When you update your investors, be honest, tell the whole truth, and give context. Your investors want you to succeed and they understand that virtually all mis-steps can be fixed. But that means they need to know what challenges you are facing, if there’s going to be any chance of fixing them.
It concerns me when I get consistent updates that all is well only to hear later that a problem has been allowed to grow and snowball into something much bigger and less fixable. (emphasis added)