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Business strategy
Should a company disclose it's true financial position to staff?
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[QUOTE="King bell, post: 334213, member: 75687"] Businesses sometimes share money-related details with their workers. This choice is a big deal and needs to be thought through well. Good things about this can be clear communication, building trust, making sure everyone is working toward the same targets, getting employees more involved, teaching them, growing a feeling of ownership among them, and making them mindful of expenses. Difficulties in doing this involve keeping things secret, staying competitive, following laws and rules, being careful about who gets what information, the risk that people might get the wrong idea, how it could affect team spirit, and deciding on how often and in what way to share the info. [/QUOTE]
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Should a company disclose it's true financial position to staff?
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