Pros
We don't always get everything right so when we make a mistake, it is not held against us. We learn from it and move on. We are encouraged to share our true feelings about actions, policies and procedures for the good of the group without fear of recourse. These things allow us to continue to make forward progress. The opportunity for career advancement is great and we promote from within a lot.
Cons
Sometimes when we make shifts, we are not as clear as we should be, or as prepared as we should be when we roll things out.