SlideShare a Scribd company logo
www.bulldogreporter.com
THE IMPORTANCE OF TRANSPARENCY
IN THE TRUST ECONOMY
Jon Bloom, Founder and CEO, McGrath/Power,
Marketing Chair for the Americas Region on
the Worldcom Public Relations Group Board of
Director, former journalist with the San Jose
Mercury News and the Associated Press
www.bulldogreporter.com
#BDRinsights@mcgrathpowerpr
Welcome To The Trust Economy
#BDRinsights@mcgrathpowerpr
THE LEVEL OF TRUST A BUYER HAS IN A BRAND
COULD MAKE OR BREAK A PURCHASE
SO IT PAYS TO CREATE TRUST AMONG BUYERS
#BDRinsights@mcgrathpowerpr
TELL THE TRUTH.
COMMUNICATE IT OFTEN.
COMMUNICATE IT WITH CONVICTION.
#BDRinsights@mcgrathpowerpr
what is it
why it’s important
the role of transparency
assessing trust in your
brand best practices
actionable next steps
AGENDA
#BDRinsights@mcgrathpowerpr
The Birth Of A New Economy
#BDRinsights@mcgrathpowerpr
The Sharing
Economy
#BDRinsights@mcgrathpowerpr
“ ”What you need is the hole, not the drill.
- Rachel Botsman
#BDRinsights@mcgrathpowerpr
Trust Among Peers
#BDRinsights@mcgrathpowerpr
=
84% 68% 91%OF CONSUMERS TRUST
RECOMMENDATIONS FROM
FAMILY, FRIENDS, AND
COLLEAGUES. [NIELSEN]
OF CONSUMERS TRUST
ONLINE OPINIONS FROM
OTHER CONSUMERS.
[NIELSEN]
OF B2B BUYERS ARE
INFLUENCED BY
WORD-OF-MOUTH.
[USM]
Trust In Brands
#BDRinsights@mcgrathpowerpr
HOW TRUSTWORTHY IS MY BRAND?
#BDRinsights@mcgrathpowerpr
The Trust Stress Test
#BDRinsights@mcgrathpowerpr
#BDRinsights@mcgrathpowerpr
HOWDIDYOUDO?
#BDRinsights@mcgrathpowerpr
TRANSPARENCY
#BDRinsights@mcgrathpowerpr
The Makings Of Transparent
Communications
#BDRinsights@mcgrathpowerpr
A TRANSPARENT
COMMUNICATIONS
PROGRAM IS VITAL
FOR A BRAND’S
SUCCESS IN THE
TRUST ECONOMY.
#BDRinsights@mcgrathpowerpr
Clear, Actionable Next Steps
#BDRinsights@mcgrathpowerpr
ACTIONS ITEMS TO CREATE A TOTALLY TRUSTWORTHY BRAND
DETERMINEYOURLEVEL
OFTRANSPARENCY
DEFINEYOURCOMPANY
CULTURE
LEVERAGEEMPLOYEES
USEABLOGTOTELLYOUR
STORY
TAKETOSOCIAL
CHANNELS
STRATEGICALLY
LETBUYERSKNOWWHEN
YOU’REOPENFOR
BUSINESS
MODERATE
COMMUNITIES
#BDRinsights@mcgrathpowerpr
Thank You
#BDRinsights@mcgrathpowerpr

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