Archive for the ‘Reputation/Brand Mgmt’ Category

  • Social Media Customer Service

  • Thursday, December 17th, 2009
  • customer_service1A recent experience with my bank had me thinking again about the use of social media in customer service.

    The large number of high profile social media customer service disasters experienced by companies such as United, Comcast and HP make it plain that any company whose consumer products could conceivably require customer service issues must have a process in place to identify and address customer service issues in social media.

    While previously a dissatisfied customer might tell ten friends about his experience, a dissatisfied customer using social media can tell thousands. Even worse, the online record of the complaint stays on the Internet eternally for all to see.

    The basic strategy of a social media customer service program should be to: (more…)

  • Who Will Defend the Financial Services Industry?

  • Wednesday, October 28th, 2009
  • bankerThe past two years have not been strong ones for the financial services industry’s popularity. Between the fallout from the economic collapse last Fall, the government bailouts, and now public backlash against reports of record profits and bonuses to industry executives, it is hard to pinpoint a time when public opinion on the industry was lower. Just this week, we saw an organized march on Goldman Sachs and Wells Fargo in Chicago, while CNN is running an ongoing series called “Nickel & Dimed”, a scathing review of the increased fees the financial services industry is charging consumers. (more…)

  • In the Reinvention Economy, the 5 Stages of Grief Apply to Senior Execs & Social Media

  • Tuesday, October 20th, 2009
  • In the Kubler-Ross model, the five stages of grief are outlined as denial, anger, bargaining, depression and, finally, acceptance. In the context of corporate leaders and social media, these five stages of grief still apply, perhaps more directly than one would think. For instance:

    • Denial: “Social media is a fleeting trend” or “Social media doesn’t apply to my business.”
    • Anger: “These crazy bloggers are trashing my brand—MAKE THEM GO AWAY!”
    • Bargaining: “Maybe if I start talking to these online people we could work something out” or “We can start engaging, but only if we disable comments on our corporate blog.”
    • Depression: “Why me? Why now?”
    • Acceptance: “Clearly social media is here to stay, so I guess our business needs to get onboard.”

    (more…)

  • Luxury Car Brands Enjoy Adoration in Social Media–But For How Long?

  • Thursday, October 8th, 2009
  • Social media communities are often minefields for companies and their brands. Empowered consumers are sharing their unfiltered thoughts about product usefulness and customer service, and companies are grappling with how to engage and respond. Much of this commentrary is negative, so it was surprising to learn that one business segment, luxury auto brands, enjoys a disproportionately positive relationship within the confines of Facebook, Twitter, YouTube and the like.

    A study released today by MH Group Communications and Forum Strategies found that more than 90% of the discussion and commentary about the nine major luxury brands (Acura, Audi, BMW, Cadillac, Infiniti, Lexus, Lincoln, Mercedes and Porsche) was positive. Online consumers, it seems, really like their fancy cars and really like to share their enthusiasm with others.

    The social media engagement takes place largely in Facebook and YouTube, the primary social media tools these brands are using, and this sector enjoys a “privileged admiration” among a growing, but still modest, follower and friend base. (more…)

  • Health Insurance Companies Fall Flat with Ineffective PR Strategies

  • Friday, August 14th, 2009
  • Health insurance companies have never been noted for their public relations savvy. Who doesn’t have a nightmarish tale about an interaction with their insurer over a bill or coverage? The industry’s commitment to customer “disservice” is too widespread to be an accident. These guys want to make it impossible to deal with them, and, as a result, are widely disdained by the American public.

    Their stumbling and mumbling through the current health care debate, though, may set a new standard for communications incompetence.

    With the intense emotion and rhetoric surrounding the debate in Washington and in communities everywhere this August, everyone is pointing fingers and trying to identify the real culprit behind our nation’s broken health-care financial model. The ultimate policy outcome will be driven as much by perception and image as it will be by lobbying and political brokering. And while I have no insight into the deals being hammered out behind closed doors in Washington, there is no doubt that insurance companies are being successfully painted as the bad guys. The consequences for the industry if this stands will be profound. (more…)

  • Can TV Resurrect the Image of CEOs?

  • Thursday, June 25th, 2009
  • How can you not love Teddy Rist, the billionaire corporate executive reborn as a vigilante do-gooder in the new NBC series The Philanthropist.

    I, for one, am really tired of the demonization of corporate America and its CEOs in both the news media and popular culture. Network television, a barometer for emerging iconic images, has led the way in drubbing the image of CEOs, recently serving up the likes of Jonas Hodges, the scheming military contractor on season six of 24 who was plotting both presidential assassination and treason. Of course, the behavior of the nation’s banks and other major companies through the current financial crisis hasn’t done anything to convince America that the people who run our big businesses are to be emulated and loved. (more…)