Presented at the Brand Strategy Innovation Summit | Sept 11 | Los Angeles
by Alison Hadden, Head of Brand Strategy at Glassdoor
If a brand is defined by the place it holds in the heart, mind, and wallet of its customers, trust is the currency exchanged at the core of this relationship. Gain trust with your customers and brand loyalty is yours. Lose it and you’re forced into a transactional relationship that turns your brand into yet another commodity.
Now, new digital technologies and the emergence of the sharing economy have brought transparency and authenticity to the forefront of the conversation around brand health and the development of a trusted brand.
Learn how legacy and newcomer brands are quickly establishing trust with consumers and its impact on brand health, awareness, and business performance.
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
The Role of Transparency & Authenticity in Building a Trusted Brand
1. The Role of
Transparency &
Authenticity in Building
a Trusted Brand Alison Hadden,
Head of Brand Strategy
2. The Role of Transparency & Authenticity
in Building a Trusted Brand
Alison Hadden
Head of Brand Strategy
Glassdoor
If a brand is defined by the place it holds in the heart, mind, and wallet
of its customers, trust is the currency exchanged at the core of this
relationship. Gain trust with your customers and brand loyalty is yours.
Lose it and you’re forced into a transactional relationship that turns your
brand into yet another commodity.
Now, new digital technologies and the emergence of the sharing
economy have brought transparency and authenticity to the forefront of
the conversation around brand health and the development of a trusted
brand.
Learn how legacy and newcomer brands are quickly establishing trust
with consumers and its impact on brand health, awareness, and
business performance.
3. Two thirds felt deceived
upon realizing that an article or
video was sponsored by a brand
10. and online search engines are now
the first place people go for news
11. 32% of senior executives say
building trust is one of their
biggest challenges, second only
to expansion and top line growth
over the next 1-2 yrs.
Global Consumer Top of Mind Survey, KPMG 2015
12. How can brands begin to rebuild
credibility with consumers?
14. We Have No Choice But To Adapt!
“Brands earn trust by being
authentic, and by being seen
as authentic.”
- Robert Wolcott, Professor of Entrepreneurship &
Innovation at the Kellogg School of Management
17. 88%
83%
81%
79%
74%
63%
59%
56%
49%
What people say
Online reviews
Online search results
News sources
Company website
Awards and rankings
Company leader comms
Advertising
Social networks
The Company Behind the Brand, Weber Shandwick, 2012
18. Peer Reviews Are Still #1
Other people’s experience
is my evidence
Innovation and the Earned Brand, Edelman, 2015
75% say they turn to the peer voice for purchase
21. Trust is critical…you can’t ‘hire’
true brand ambassadors, you
must ‘earn’ them.
“6 Ways to Turn Customers into Brand Ambassadors”, Chief Outsiders, 2014
23. Today’s most trustworthy brands
have created relationships with
consumers through experiences
that trigger a visceral response.
“
”“Secrets of 10 Most Trusted Brands”, Entrepreneur, 2012
29. Responding to feedback (especially
critical feedback) improves perception
of the product, brand, and seller – and
more than doubles purchase intent
among those who read negative
reviews.
Bazaarvoice, June 2014
32. Seek to understand your employees first
Most of what makes Google’s
culture work is free! People look
for meaning in their work…
Mission. Transparency. Voice.
These three components of our
culture create a virtuous cycle of
attraction, community,
engagement & innovation.
Laszlo Bock
SVP People Operations at Google
37. Weber Shandwick 2014 Survey
Employees with socially-encouraging employers
are 24% more likely to help boost sales than employees
whose employers aren¹t socially encouraging.
Empower them to share their experience
43. 8 out of 10 people are more
likely to trust and buy from an
organization whose chief
executive and leadership team
use social media.
MBA Online, 2014
44. Trust can be rebuilt
Transparency & Authenticity are critical
Empower your people to be the voice of your brand
Trust… Takes years to build, seconds to break and forever to repair
33,000 respondents from 27 countries
Trust… Takes years to build, seconds to break and forever to repair
There’s been a global decline in trust over the last year and the number of countries with trusted institutions has fallen to an all-time low
Trust levels in business decreased in 16 of 27 countries. The majority of countries now sit below 50% with regard to trust in business
72% of U.S. and 71% of U.K. consumers have lost respect for corporate leaders, including CEOs in recent years. (The Company Behind the Brand, Weber Shandwick, 2012)
Media 60%
Media 60%
So as we consume more and more information, through multiple channels and at any time of day – the next question to ask is:
When we are always connected where do we go for information we trust? What information sources can help us make better decisions?
We are DISTRUSTFUL of advertising…. or anything deemed too commercial…. the most trusted information sources are from authentic sources - people: friends, family, colleagues, social groups….
Authenticity comes not from sponsored messages… but from people
Look at these groups as an extension of your brand team
Authenticity comes not from sponsored messages… but from people
Customers (reviews & ratings)
Employees (Glassdoor and other platforms)
Executive Leadership (engaging on social media)
http://www.webershandwick.com/uploads/news/files/CEO_Spotlight_ExecSummary.pdf
Realize this is the same study that’s used elsewhere in your preso. Not sure if you were looking to diversify sources, but the visuals and stats seemed pretty spot on.
The Chief Outsider: 6 Ways to Turn Customers into Brand Ambassadors http://www.chiefoutsiders.com/blog/bid/92682/6-Ways-to-Turn-Customers-into-Brand-Ambassadors
Look at these groups as an extension of your brand team
Look at where consumers are going TODAY!
If they’re on a yelp, amazon reviews, etc. you need to get engaged in that conversation
Who audience is / where they are!
NOT just the company-sponsored links
Esurance purchased first commercial AFTER super bowl and gave $1.5M in savings away to one of the
Heard from 200,000 people within the first minute, in one hour, top twitter trend in the world, in 36 hours 5.3M people were spreading their message / hashtag (giving MORE mentions then #superbowl and every other superbowl advertiser)
550 million media impressions
2.6 billion social impressions
Revealed winner on national TV (Jimmy Kimmel)
Link to video: http://23.253.136.31/esurance_save_30/
Not only did this interaction draw a ton of attention on twitter / throughout social media, but there were several media posts / blogs / etc. created as a result. We can safely assume Ryan was promoting Taco Bell at all of his swim meets that season…
Personalization goes a long way in establishing trust and creating brand ambassadors.
Esurance purchased first commercial AFTER super bowl and gave $1.5M in savings away to one of the
Heard from 200,000 people within the first minute, in one hour, top twitter trend in the world, in 36 hours 5.3M people were spreading their message / hashtag (giving MORE mentions then #superbowl and every other superbowl advertiser)
550 million media impressions
2.6 billion social impressions
Revealed winner on national TV (Jimmy Kimmel)
Link to video: http://23.253.136.31/esurance_save_30/
Look at these groups as an extension of your brand team
*Laszlo article link below, also found this HBR article, “To give your employees meaning, start with mission”, but I thought the quote above summed up the point that this is a free, but very important task: https://hbr.org/2012/12/to-give-your-employees-meaning
Make sure they’re armed with
Whats the north star
Why do you do what you do
Product perspective
Understand why you produce what you produce
Lazlo article: https://www.thinkwithgoogle.com/articles/passion-not-perks.html
Internal Surveys
Example of company surveys above
Dell uses the following items as a baseline for measuring sentiment (according to 2004 article: http://www.hr.com/SITEFORUM?&t=/Default/gateway&i=1116423256281&application=story&active=no&ParentID=1119278050447&StoryID=1119653855187&xref=https%3A//www.google.com/)
My manager is effective at managing people
My manager gives effective feedback
If you had an opportunity to work some place other than Dell, would you take it?
I feel like I can be successful and retain my individuality at Dell
My manager helps me manage my work / life balance
Forbes 2012: 3 A’s of Employee Surveys: Annual, Accountable, Action: http://www.forbes.com/sites/kevinkruse/2012/09/18/employee-survey/
Encouraging them to go on GD
Give them the tools to promote things on FB
#SalesforceOOO – post pictures of their personal vacations on Salesforce’s FB page. Feel connected to the company!
Internal Surveys
Example of company surveys above
Dell uses the following items as a baseline for measuring sentiment (according to 2004 article: http://www.hr.com/SITEFORUM?&t=/Default/gateway&i=1116423256281&application=story&active=no&ParentID=1119278050447&StoryID=1119653855187&xref=https%3A//www.google.com/)
My manager is effective at managing people
My manager gives effective feedback
If you had an opportunity to work some place other than Dell, would you take it?
I feel like I can be successful and retain my individuality at Dell
My manager helps me manage my work / life balance
Forbes 2012: 3 A’s of Employee Surveys: Annual, Accountable, Action: http://www.forbes.com/sites/kevinkruse/2012/09/18/employee-survey/
Encouraging them to go on GD
Give them the tools to promote things on FB
#SalesforceOOO – post pictures of their personal vacations on Salesforce’s FB page. Feel connected to the company!
Look at these groups as an extension of your brand team
Boss Under Cover
Stay connected to the actual workers / clients / etc.
Get to know person behind company
Zuckerberg talking about miscarriage – transparency and authenticity
Sheryl Sandberg very public post to thank everyone for support after her husband passed away. Over 907,000 likes and just below 400,000 shares on FB.
Zuckerberg has a 95% rating on GD
Encouraging them to go on GD
Give them the tools to promote things on FB
#SalesforceOOO – post pictures of their personal vacations on Salesforce’s FB page. Feel connected to the company!
Summary – trust can be rebuilttransparency and authenticity are keylet your people do it for you
Trust… Takes years to build, seconds to break and forever to repair