Essay On Transparency

. Do customer really care about transparency of company with they do business ? how can we know whether customers care about transparency.

Transparency is about making the practices, policies, algorithms, and even code, operating data, and future plans available to customers, employees, or business partners .they will runs counter to traditional business practices. It also has the potential to raise the tide for companies and their business partners. How? Loosening tight control and exposing vulnerabilities can increase loyalty and deepen relationships, reveal problems companies aren’t yet aware of, spur innovation, increase the value of a core product or service, and enable participants to take indepe “The keys to brand success are self-definition,

For businesses, the customer’s trust is a critical building stone and contributes towards solidifying their reputation and success of the brand. Companies must focus on strengthening their internal processes and ensuring that their employees are able to instill trust in the minds of the customers. The front-ending staff especially must be able to forge strong relationships with customers to enhance the customer’s confidence in the company. When customers can perceive clearly that the company is working for the customer’s best interest it amounts to transparency in customer relations. This makes it easier for companies to do business in a highly competitive market and ensuring their place amongst the market leaders. What are the pointers for customers that companies are forging transparency in customer relations? the Companies will provide proper guidelines about health and safety with regard to the use of the product or service they are offering.they will Let customers know all the costs involved – both immediate and long term. This protects the economic interests of the customers. Provide guidelines and manuals that help customers to understand the impact of the choice they make with regard to the environment, society or their own business