Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Tuesday, 5 May 2009

Brands can build a sustainable competitive advantage by showing they care

Why is it that customers are often treated so badly, even in these challenging times?

I read recently that research conducted by Better Business Bureau in US revealed that customer complaints had increased 7% - 2008 vs 2007.

This is pretty shocking.

The same post quotes Professor Michael Solomon, director of the Centre for Consumer Research at St. Joseph's University in Philadelphia:

 "Too many companies have their eye on the short-term bottom line and they're sacrificing tremendous amounts of goodwill by becoming more 'efficient’...

....I believe this is a true source of competitive advantage for companies that choose to stand out by showing they care about their customers -- and this is exacerbated in a deep recession where consumers shed their brand "acquaintances" and remember who their true "friends" are."

This is great advice.

To survive and thrive brands’ must show their consumers they care.

If you work in the marketing department at a brand organisation don’t focus your time only on developing brand experiences that make a promise saying that you care. It is vital to also invest effort making sure the organisation collaborates to deliver brands experiences that genuinely delight existing customers.

That is how you will build loyalty and maybe positive advocacy for your brand.

Building advocacy is a proven way to win.

Friday, 9 January 2009

Collaboration is key to building a successful brand

All too often brand organisations operate in departmental silos.

Marketing departments rarely talk to sales and no one talks to the customer service department. Digital are the new kids on the block and no one knows how to talk to them.

Then there are the agency partners. Clients ask their agencies to work together but they usually because they don’t know how to, and/or too insecure; and/or not rewarded, and/or are desperate to protect their miniscule margins, etc.

The recession will change everything.

I hope one good outcome will be that brand organisations and agencies will learn how to collaborate.

If they do it should result in improved brand experience being delivered to the consumer.

This is a vital step to move the consumer along the path to advocacy.