Corporate Social Responsibility, Reputation, Stephanie Fierman, Sustainability, corporate reputation, environment, reputational risk

Like Your Mother Always Said: You Teach People How They Can Treat You

No Comments 15 July 2010

By Stephanie Fierman

Larry King held a two-hour telethon on June 21 to raise funds for those impacted by the BP oil spill titled “Disaster in the Gulf: How You Can Help.”

Am I the only one who doesn’t quite understand this?

It seems uncontested that the spill was caused by a commercial entity that everyone agrees is responsible; that the U.S. government has vowed to hold said entity to its promise of paying for the clean-up and for losses incurred by all affected parties; and BP itself has agreed to do same.

Now I’m not making any claims as to whether BP will or won’t actually do this (or that its version of reimbursement would be agreeable), but this telethon wasn’t saying “We know BP’s 100% responsible, but we don’t believe it’ll come through so we’re doing this just in case.” It was just your regular old telethon to raise money.

So why? Why are we raising money? Why are television watchers being prodded by their favorite celebrities to donate?

Larry King said that “the point of this effort is to get immediate relief to the people and wildlife who (sic) are in urgent need,” and that “the telethon’s proceeds go directly to relief organizations.”

OK, fair enough.  As Mr. King noted when you are out of work you don’t need help tomorrow, you need help today.  But here’s the Reputational rub, if you will. Isn’t BP tasked with providing “immediate relief?”  Doesn’t BP need (and want) to find ways to help the people thrown out of work. One worries for our global business trustscape when a major company is cast in the same light as, well, a hurricane.

I also worry that, in a perverse way, that this kind of giving makes us immune – numb – to disaster and tragedy. Something happens? No need to look too closely: let’s just raise money. Let’s get a bunch of stars to look soulfully into the camera and ask for cash, while we view a dying, oil-blackened bird in split screen. Haiti six months later is still a major scale human disaster, though the media lens and the public have moved on.

And I worry that this makes Americans feel as though we’re doing something – we sent in our $20 bucks, therefore we are good people who care and we can move on. But can we? Are we doing any of the heavy lifting that could actually help managers improve risk management to avoid future outcomes, or to really help the people impacted recover? What does it mean when individuals appear to be picking up the slack for a global corporation?

And I worry, too, about the effect on our collective sense of organizational responsibility. How does this phenomenon impact a company’s commitment to building trust in the marketplace?

It’s easy to pound one’s chest and demand that “those responsible” do more, but I would suggest that, by our own actions, the public may be empowering these same responsible parties to do less. There’s no guidebook that tells an organization exactly what reputable and trustworthy behavior is – society does that. Stakeholders – like you, me and Larry King – do that.

Where do we want to set the bar?  In the midst of a crisis as big, bad and complex as the Gulf, sometimes it’s hard to tell where the bar even is. That said, on one thing, at least, everyone agrees. Help is needed in the Gulf.

Jarvis Cromwell, News & Events, Other Posts, Reputation Management, corporate reputation, digital reputation, online reputation

Speaking at Online Social Reputation Conference

No Comments 18 March 2010

By JARVIS CROMWELL

I’ll be leading a roundtable at BDI’s upcoming Social Reputation Management Conference in NYC on March 24. My topic will be “Quality Assurance for Reputation” Clients, readers and friends of the Reputation Garage can receive a discount and attend for only $155.

You can find more info and register HERE. Use the code RG to receive your discount.

C-level, Customer Advocacy, Customer Service, Management, Nicolette Wuring, Other Posts, Trust Issues, corporate reputation, financial crisis

Keeping Customers In Tough Times

No Comments 20 March 2009

NICOLETTE WURING

Garage Tip: In Today’s Low-trust World Your Promises Are Less Likely to Be Believed. Focus Instead on Improving Your Ability to Deliver Meaningful Interactions With Customers — the kind that Build Trust

A cable company in Europe launched a re-branding soon after a roll-up of acquisitions by a group of venture capitalists. The investors demanded that the re-branding take place almost immediately.This was not only premature and meaningless to employees and customers, it proved harmful.
Continue Reading

2009 Classics, Advertising, Brand Strategy, Classics, Reputation, Stephanie Fierman, corporate reputation, financial crisis, reputational risk, scandals

Financial Firms Must Break From The Pack To Establish Trust

No Comments 06 March 2009

by STEPHANIE FIERMAN

Here at the Garage, we believe that a more measured approach to bank and investment advertising is probably a positive development.

After all, hadn’t all the ads begun to look the same? Could every company and every investment have possibly offered the best return, and the most Morningstar stars, and the biggest retirement homes in paradise? Unlikely. Outside of just a few stalwarts, such as Vanguard with its slow-and-steady point of view and Bogle-esque approach, many of the siren calls in the newspaper, on television and online had all taken on a surreal and undifferentiated patina. That’s not effective.

Now it appears that all the bulls have stampeded in the opposite direction.

Consider the list of firms advertising in one issue of The Wall Street Journal this past week, along with text pulled verbatim from their ads: Continue Reading

2008 Classics, C-level, Other Posts, Paul Allen, Reputation, Trust Issues, corporate reputation, marketing

Trust and the Performance Economy Part 1 (Paul Allen)

1 Comment 24 November 2008

Back in the year 2000 – shortly before 9/11, way before the invasion of Iraq, and way-way before the collapse of the global credit system – a serious debate raged. The central question was a profound one.

“Which economy are we in?”
Good question. What’s everyone think?

The year 2000 was the backside of the dot.com bubble, still bloated and ready to burst. Money flowed, valuations were generous, VC-backed investments were the rage, technology was everything, more people had more than they had ever had before. Which, I guess, meant people had lots of free time to think about exactly which economy they were enjoying so much.

Pundits said we were in the midst of the Internet economy, the technology economy, the Silicon-Valley economy, the dot.com economy, the wired economy – and the big kahuna of them all – the new economy. My personal favorite is the new economy – because it made so little sense, as if the all too human drivers of economic sustainability took a permanent vacation. Plus, the moment you anoint a new economy, it starts becoming an old economy. And as we are painfully learning today, sometimes an old economy can become barely an economy at all.

“So, again, what economy is this today ?
My answer is the same as it was in 2000. This is the Performance Economy.

Continue Reading

2007 Classics, Blogging, Brand Strategy, Classics, Reputation, Trust Issues, corporate reputation

5 Ways to Prevent a Reputational Disaster

No Comments 24 May 2007

by PAUL DUNAY

Lots of brands are finding out the hard way that there are plenty of conversations taking place about them online. For good or bad.

Many brands choose to ignore this. But hope is not a strategy.

Since consumers rely heavily on the Web as an authoritative source of information, managing a brand’s online reputation has become a top priority for companies. Here are 5 tips from The Reputation Garage’s “new technology” archives. They could help you avoid a major disaster and reduce the risk of a flogging in the blogosphere. Continue Reading

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