Corporate Secrecy: Bad For Business

Companies most guarded about succession plans, often failing to communicate about training and leadership programs.

A sense of mystery may be appropriate for horror movies, but it is certainly unsuitable for human resources departments and the company’s long-term health.

Secrecy continues to be a general business practice, especially at the top of the organization, according to a survey by AMA Enterprise, a focused division of American Management Association.

Lack of transparency prevents an alignment of employees with the business approach, and can result in a system that is “certainly counterproductive, and potentially even destructive,” said Sandi Edwards, Senior Vice President for AMA Enterprise. Continue reading “Corporate Secrecy: Bad For Business”