Brand Reputation in the Era of Data – Should You Really Do It?

Over the past few weeks, I’ve outlined 8 Principles that will help marketers protect and strengthen their brands in an era of radical change, where there is great temptation (and quite likely management pressure) to push boundaries further than ever before. Throughout this time and many preceding months, I’ve had countless conversations with people about the state of their data as well as the modern conveniences upon which they’ve come to rely. I’ve heard a Big Data expert actively advocating for stretching the law (or hinting at crossing the line) for the sake of competitive advantage. I’m sure he is not alone in that opinion. We are, all of us, currently in the Wild West.

While technology is accelerating what’s possible, the ideas outlined in the 8 Principles come back to common fundamental and timeless human needs that will outlast every wave of technology: People protecting what’s theirs, seeking respect and dignity, wanting control of their lives, enjoying freedom and avoiding harm. The brands they will choose for anything more than a one-time experience will be those who understand those concerns, and actively work to enable them.

There is more to brand reputation than being the app of the moment. Not every new thing will be transformational. But businesses who innovate as well as who truly respect their customers and actively work to earn trust stand a far greater chance of longevity than those who rely on buzz about the shiny new object, or who exploit to maximum advantage thinking the ‘sheeple’ won’t notice. It will take work. It will take awareness. It will take intention. It will take courage. And it will take leadership.

Eventually today’s Wild West will give way to a more mature market dynamic. Embracing these 8 Principles may help ensure your company is there when that time comes – or even leading the way.

 

© 2015 Dialog Research & Communications

 

Brand Reputation in the Era of Data: 8 Principles for Responsible Data Stewardship That Won’t Kill Your Customer Relationships
Brand Reputation in the Era of Data – Principle 1: Empower Customer Control
Brand Reputation in the Era of Data – Principle 2: Be Clear and Accountable
Brand Reputation in the Era of Data – Principle 3: Do Everything You Can to Protect Customer Data
Brand Reputation in the Era of Data – Principle 4: Mind Your Partners!
Brand Reputation in the Era of Data – Principle 5: Practice Customer Empathy
Brand Reputation in the Era of Data – Principle 6: Comply with All Applicable Laws and Regulations. Then Exceed Them.
Brand Reputation in the Era of Data – Principle 7: Apply Technology Thoughtfully
Brand Reputation in the Era of Data – Principle 8: Actively Demonstrate Respect for Your Customers

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