The inability or unwillingness of citizens to differentiate between fake and authentic news is undermining a fundamental assumption of democracy: the informed voter.
Richard EdelmanRead
I think that the direct conversation is exactly what companies need to earn trust of customers. Admit an error. Fix a problem. Commit to doing better. That is only human.
Interpretation
Open and honest communication is essential for companies to build trust with customers.
The quote emphasizes the importance of direct communication in fostering customer trust. By acknowledging mistakes, rectifying issues, and committing to improvement, businesses can demonstrate their humanity and reliability, ultimately strengthening their relationship with customers.
In practice
During a customer service meeting, to emphasize the importance of transparency, I could use this quote to highlight how admitting errors can strengthen relationships.
The inability or unwillingness of citizens to differentiate between fake and authentic news is undermining a fundamental assumption of democracy: the informed voter.
Engagement and integrity are the two most fundamental aspects of building trust; lead from the front by evolving your company strategy, then live your values every day.
Advertising has always been the 'head boy' of the communications industry, but not anymore. Now the rest - creative, digital, and media - is just as important.
Large organizations don't worship shareholders or customers, they worship the past. If it were otherwise, it wouldn't take a crisis to set a company on a new path.
Most marketers think there's a concept called a product life cycle. Once you realize that the world is organized by jobs that need to be done, you understand that product life cycles don't exist.
I don't think a true company - one that builds sustainable value - can ever only exist online or remotely.
Greatest risk is not development of new product, but development of customers and markets
When you improve your product so it does the customer's job better, then you gain market share.
There is only one winning strategy. It is to carefully define the target market and direct a superior offering to that target market.
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