How can you use transparency in your marketing?

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Transparency is all the rage, and everyone wants to have clear and impactful branding. How can transparency impact your brand image?
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I think that many things depend on how you present some facts. Geniuses can present bad results in a smart way. So a good handled crisis communication / management can help. Personally, when someone is transparent, I feel that the brand/person is more respected in my eyes.