Rebuild trust-after-a-crisis-final-post

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Information about Rebuild trust-after-a-crisis-final-post

Published on February 27, 2014

Author: evolve24


Tweet your questions using #evolve24TRUST

What is Brand Trust •  Trust is the most critical component in building and maintaining a strong, emotionally driven and enduring brand. •  Brand trust bond is based wholly on strong emotional connections as a result of the perceived shared values between the brand and the customer. •  Honesty, integrity, sincerity are the essential attributes that contribute and reinforce customer trust. This involves not only the amount and accuracy of information that is shared with customers, but also how sincerely and appropriately it is communicated.  •  Trusted brands have empathy, never fail customers and are transparent.   TRUST is a mutual confidence between two or more parties | #evolve24TRUST |

Why Trust Matters improves relations increases demand attracts retains price premiums creates barriers increases valuation | #evolve24TRUST | allows forgiveness

Common Mistakes Brands Make When Crisis Hits Not getting out in front of the story •  Paula Deen, Target Failing to apologize or seem sincere in the apology •  Paula Deen, SeaWorld, Target, Toyota Not getting all the information out at once •  Target, Toyota Forgetting audiences •  Paula Deen, Target, Toyota Attacking critics or victims •  Paula Deen, SeaWorld Lack of social media strategy •  Paula Deen, Target, SeaWorld | #evolve24TRUST |

Paula Deen – Racial Slur | #evolve24TRUST |

TARGET – Security Breach | #evolve24TRUST |

SeaWorld – Employee Death | #evolve24TRUST |

Toyota – Recall | #evolve24TRUST |

What Causes Greatest Damage During the Crisis A poor crisis response becomes the narrative rather than the actual crisis. A response that goes against the public’s perception of the brand. It causes consumers, employees, and investors to lose confidence in the brand’s competence. Ignoring the crisis entirely. | #evolve24TRUST |

Post-Crisis Evaluation •  Evaluate how the brand performed its crisis comms strategy •  Analyze media coverage during and immediately after the crisis •  Analyze social media/blog mentions of the brand during and after the crisis •  Implement a lessons learned strategy from the crisis into communications strategies •  Conduct market research on the brand two weeks, a month and three months after •  Implement new communications and outreach strategies 10 evolve24 2013 All Rights Reserved Benchmark where you stand—before a crisis hits Monitor trust conversations and drivers over time Investigate the mechanics of a discussion, i.e. who’s speaking, where, and with what intent Engage credible third parties who can project trust onto your brand

Thank You QUESTIONS? Noah Krusell Dir, Analytics & Innovation | #evolve24TRUST | David Johnson CEO & Co-Founder

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