A business owner should not disclose everything to everyone. They should understand the maturity of the person and their background before revealing sensitive information or sharing deep thoughts and facts. Many times, people may not keep the information safe. Other times, they may twist facts and figures before sharing them further. Most importantly, they may not even understand the depth and seriousness of the subject and may carry that information to any level with anyone.
Even for the same news, a business owner must share different levels of information with people at different hierarchies. They should share most details with the board and core team, convert that information into execution level guidance for managers, and share business group specific information with each business unit. This way, everyone understands what is in it for them and what their next set of actions should be. If this level of information division is not maintained, there will be unnecessary chaos, confusion, and demotivation in the organization.
For any information, it is important to first be clear about what should be shared with which group of people and based on their maturity level. For example, if a team is relatively new, a more detailed explanation may be needed. If the group is relatively experienced, crisp and clear information with basic explanation is sufficient.
Also, while sharing information, one should make the person in front feel special by clearly stating why they are chosen, highlighting their qualities for receiving this information, and showing trust in them. This encourages the person to put in effort to understand the information with interest, leading to clarity. Preparing the mental and intellectual foundation well before training them on any subject is essential.
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