I tried to catch up my unread blogs and read a blog by Seth Godin. In Why you might choose to be in favor of transparency, he made the case for how businesses can benefit from transparency. I would like to add some more points.
Businesses take extra care for not leaking their business plans, that is the conventional view every body agrees. It is based this following argument, in a cut throat competition, knowing what the competitor going to do, can be a big advantage. I also had that view until I read Ricardo Semler’s Maverick : The Success Story Behind the World's Most Unusual Workplace. Semler showed to world that if you keep your plans dynamic, knowing what they could do, can’t bring an advantage to the competitor. When competitor working on that plan, it could be changed in Semelr’s factories. Workers debate and update the plans every day, every week so there no static plan to rely on.
Seems to be illogical, isn’t it?
Think about open source code. Lot of people thought that by making the source code open, security will be compromised. It was proved otherwise.
If we extend this argument as Godin did in that blog, Internet removed the these barriers and opened the flood gates of knowledge. Transparency always brings benefits.