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« The brewing social media turf war: why advertising, marketing, and PR need to learn to play nicely together | Main | Meet the Journalist: WCCO » William Shakespeare and BusinessWeek on BrandPosted by Matt Kucharski on September 21, 2009 at September 21, 2009 9:55 AM
"Reputation is an idle and most false imposition; oft got without merit, and lost without deserving." "Reputation is an idle and most false imposition; oft got without merit and lost without deserving." "I see my reputation is at stake; My fame is shrewdly gored." "If you can't get rid of the skeleton in your closet, you'd best teach it to dance." "My dear dear lord, The purest treasure mortal times afford Is spotless reputation. That away, Man are but gilded loam or painted clay." "O, I have lost my reputation! I have lost the immortal part of myself, and what remains is bestial. My reputation, Iago, my reputation!" That Billy Shakespeare sure had a way with words (okay, sometimes they weren't his words, but let's not quibble.) Throughout his prolific career, he kept coming back to the importance of building reputation and the consequence of tarnishing it. Amazing that much of it still holds today (the last two are my favorites). On a much-related topic, you'll definitely want to check out the September 29 issue of BusinessWeek and all of the very smartly written articles around the magazine's annual Brand Survey. There's a cool interactive table showing the top 100 brands, a really good lead article on Trust, and a bunch of other interactive doodads. Definitely worth checking out, if you really want to understand that building a strong brand is a long-term proposition that's all about everything you do, everything you say, and even more important, everything that others are saying about you.
Trackback PingsTrackBack URL for this entry: CommentsRe Matt's blog post on reputation and trust (nicely done!), I hope you all are designing trust-building activities into your client programs. It's so easy to do. As I told PSB staffers a couple of years ago (and have written about in PRSA venues since then), recent brain research has conclusively demonstrated that "reciprocity predicts trust." Yes, it's as simple as that. Acts of reciprocity (and don't forget that words are actions, too) produce neural firings in the interior regions of the brain (the caudate nucleus and anterior cingulate cortex) where trust is formed. There's nothing at all complex about it. Every time you say "thank you," ever time you say "I'm sorry," every time you empathize with someone else and respond to another person's concerns, in each such instance you are demonstrating reciprocity. Keeping your word is a form of reciprocity. So is doing more than is expected of you. And every one of these acts of reciprocity produces another round of neural firings that eventually produce the "activity-dependent synaptic modifications" that kindle trust. And what's true for individuals is also the case with organizations. So, let me say it again: reciprocity predicts trust. Make this the core of your branding programs, and you'll be way ahead of your competitors. Oh, and when your clients ask, "How do you know this?", tell them you got it from recent studies aimed at finding the "neural correlates" of trust. Shakespeare knew the importance of reputation; now you know how reputation is "brought to mind," so to speak. Posted by: John Beardsley at September 22, 2009 5:27 PM Great Blog article. Thanks to John for the brainy comments. I like how our minds tick. Posted by: Adrienne M at September 24, 2009 11:26 AM Post a comment |