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New Wave of Transparency: Will Your Business Be a Window or a Wall in 2010

 

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Business-TransparencyI was a teenager who kept a journal.

Hiding the journal was essential to keeping it. After all, it kept my thoughts safe from the prying eyes of my mother and sister.  

Over the years, nurtured by the sharing capabilities of the internet, I became less concerned that my parents and sister were going to read my journal. In fact, I left many of them at my house when I went away to college.

What changed? Well, the web allowed me to have more two-way conversations with my family and friends. Plus, by the time I left for college, much of that information in the journal was now grossly out of date or practically public knowledge anyway -- why was I working so hard before to keep it safe? I benefited more by sharing than I ever did by holding my cards close to my chest.

In 2010, Public is the New Default

If you’re company is entering 2010 with the same mentality as a teenager protecting her diary, you’ve come to the wrong decade. I know for some businesses, fear of losing an edge over the competition or fear of backlash prevents them truly embracing the spirit of the age. Earlier today, Eric Schonfield of TechCrunch wrote about this change saying it “represents a major shift in the social fabric, and it is only now just getting started. If you thought there was a lot of hair-pulling over privacy in 2009, just wait until 2010. Facebook’s new privacy policies which favor more public sharing, will be a big driver of this shift, as will the continued adoption of Twitter, which by its very design makes personal utterances public. Then there are startups like Blippy that go even further by turning every single purchase into a public statement."

Though Eric (and Techcrunch) have a tendency to makes this shift sound a massive headache, I am optimistic about the evolution of the web. It's transformed from a dark, Batcave like lair where you weren’t sure who Batman really is or what side he works for – into a transparent universe where information flows more freely. On the 2010 web, we know who Batman is – he’s Bruce Wayne - and he blogs and tweets about his adventures daily.

Become a Leader in Business Transparency in Your Industry

As your business enters the new decade, consider your options. Instead of simply following along, work on becoming the leader in business transparency for your industry. You could encourage customers to share their ideas and write about their experience with your brand in a public forum. Shoot videos that give an intimate glimpse into the way your company operates like this video about the importance of gluten-free equipment by allergen-free food maker Kinnikinnick Foods. Allow your employees to blog, build public relationships, and share their ideas about your industry with the world. Provide a way for your customers (and everyone, really) to peek in and see how your software is performing. You can even keep a Twitter list of your employees and encourage them to share their personality and represent your brand daily.
 
Or, you could continue to wait for a different world. Either way, we are definitely headed toward a new wave of transparency in 2010 –  many of the social networks we’ve talked about this year have moved far and away from a private default (choosing to make some things public) to a public default (pre-selecting the things we want to make private).

Will your business be a window or a wall in 2010?  One thing I do know – it’s way easier for your prospects to climb in through a window. 

photo by phil h

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Posted by Shannon Sweetser on Thu, Dec 31, 2009 @ 10:30 AM

COMMENTS

Excellent post. Funny that I was having this same discussion with a brand new client of ours just yesterday. We are rebuilding their website for them using a CMS platform and integrating their social media activities into the presentation to create a much more consistently branded and overall more transparent collection of information that shares the pulse of the organization on a day to day basis. 
 
More companies need to get on board with this, because the ones who do and commit fully to it will be the ones that will rise and continue to sustain themselves at the top of all the organic listings out there. 
 
Again great post and loved the Batman / Bruce Wayne analogy, very good!

posted on Thursday, December 31, 2009 at 10:52 AM by Matthew Nelson


On a business level, I have to agree with your thesis. Transparency is widely believed to be an advantage. But on a personal basis, no. There are people out there who would destroy my credit and steal my identity. I also don't believe it was a good idea for Barak Obama to make public all there is to know about the U-2 Incident, and stuff like that, because it could destroy some of the CIA contacts and credibility. If there is any left, I might add. 
Don White

posted on Thursday, December 31, 2009 at 10:55 AM by Don White


I agree with Don but I would add that the government transparency is important for legislation events but not so far as to divulge all of our secrets. Some things should be left to the imagination.

posted on Thursday, December 31, 2009 at 2:04 PM by Roberta Clark


I enjoyed the journal example and the tie-in to Facebook's new public default. Transparency has been a buzz word for a long time, but finally the Social Web has evolved to make it possible to eradicate opaque business.

posted on Thursday, December 31, 2009 at 3:42 PM by Casey Cheshire


Excellent post. I agree that businesses need to be more transparent in their ideas and recommendations. Many are afraid that the competition will steal their advantage. Yet nobody can do it the way you do, especially if you developed the process, designed the offer, or extended the concept to a new level. You're the thought leader. The competition will always be one step behind you. Being transparent allows you to demonstrate your expertise, and people always want to do business with the experts. Thanks for sharing this important perspective.

posted on Friday, January 01, 2010 at 9:33 AM by Kendra Lee


Social media is definitely changing the face of business. Those who try to hold back the tide will ultimately be swept away in the flood. But is it also quite a deep topic and takes intense planning and a lot of help from others to implement correctly.

posted on Sunday, January 03, 2010 at 1:05 AM by Shawn Smith


Comments have been closed for this article.