Autumn is upon us and it’s at times like this that I like to reflect on the big stories of our year. One of the biggest has to be the expenses scandal, and what a clanger that one turned out to be for our political serfs. Without trawling the details of the scandal, which the media did so well, it raised one fundamental point...
Out of all the debacle of those months and preposterous expense claims from those politicians who are supposed to exercise the moral authority, I can see one clear benefit where business is concerned. And that relates unequivocally to the issue of transparency and more significantly, its importance in today’s business world.
Transparency is a core value and always has been at Media Safari. It is defined not just through the way we interact with clients, the media, suppliers, partners and staff, but also in the way we clearly demonstrate detailed activity in reporting. Clients know, month-in, month-out, where their investment is going and what they are getting for it. I obviously hope then that more businesses will pick up on what is, and should now be considered, a normal practice.
It is interesting to note that in this week’s Conservative Party conference, the Shadow Chancellor has taken the lesson of transparency to new heights (in political spheres at least) by announcing big spending cuts that particularly target the public sector, tax credit cuts and a rise in the retirement age. In so doing, he is taking a big political gamble as the electorate suddenly realise that new political mandates, from whatever corner, are going to hurt.
Sure, this is honesty but is it a wise strategy to appeal to an already sceptical electorate?
Only time will tell…