Why do corporations have so many secrets?
Posted in Communications, General fodder on April 6th, 2009 by Liz – 2 Comments
That might be a dumb question. With corporations paying million-dollar bonuses to executives with tax payer money, I see why they’d want to keep that under wraps. But in some businesses, it feels like every decision must remain a secret. How can we explain this perpetual confidentiality?
I attribute it to one thing: fear. Company executives are afraid of how other people will react to their decisions. This fear is valid…sort of. We’ve seen how one bad decision can lead to an uprising of unhappy people (ie: Motrin baby-wearing ad campaign). So while it may seem like a valid fear, it’s really not.
I hate to be cliché, but you truly can’t win ‘em all. Fear should evolve into acceptance and confidence. Companies just need to embrace the power of reputation management. Decisions should be made with the expectation that it will be public knowledge. That way, a plan for response measures can be established. People just want some answers, and I mean employees and customers alike. I know that clear, honest communication can repair broken relationships.
Thanks to technology, company secrets can now be revealed to the masses. We shouldn’t fear this. Disgruntled customers now give us the opportunity to appease them with a response. Unhappy employees now have the opportunity to speak up, and businesses have the equal opportunity to reply. The act of responding is key.




