Overcoming Your Fear of Disclosure: Part II
Excerpted from The Great Game of Business.
The Great Fear #2 Is It Competitors You Fear—Or Your Own Employees?
Sad to say, a lot of companies hide their financials not because they’re afraid of their competitors, but because they’re afraid of their employees. They don’t think people will understand the numbers, and there’s some truth to that. If you don’t show employees how to use financial information as a tool to help the company, they might well use it as a weapon against the company.