Monday, March 12, 2007

Life or brand virtues

A few months back I wrote a post about the value of Trust. In this post I mentioned that it was in my top 10 virtues for human life and brand value. Ever since I wrote about it I have wondered what else was in my top 10 and did they all apply to brand value as well as being human virtues. Perhaps you may have a view on the order but here is my best stab at the top 10 brand virtues:
  1. Empathy
  2. Lucidity
  3. Trust
  4. Quality
  5. Wisdom
  6. Honesty
  7. Powerful
  8. Humility
  9. Responsibility
  10. Organization
Did I miss any that are more important than those listed? How does your brand stack up (or even your own personal brand / image)? What do you think your customers or audience would make of these values when it comes to your own brand image?

Do you think it would be fun to score well known brands against each of these factors and reach conclusions as to their brand value as a result?

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Thursday, September 28, 2006

Trust

Its one of the most important assets anyone or any organisation can have. Seth Godin says it’s behind genuine recommendations, I’d say it’s behind all good relationships. I’m no philosopher but it’s probably in the top 10 most important things in human life, with it you can achieve just about anything, as a leader it enables you, as a friend it secures you and as a brand it fuels customer loyalty.

Trust is tough to get and easy to loose and in today’s world of abundant information and excess availability of knowledge I think people have become far more cynical about other peoples (or organisations) motives. That’s why Seth thinks there is often a snap assumption of financial gain behind recommendations. I’d add that’s why no one really believes advertising anymore, with growing experience customers know not to trust the messages put out and consequently the companies behind them.

Trust can be built through genuine and honest conversations – by definition that requires a 2 way interaction that is not achieved in traditional broadcast communications. Of course the point I’ve been building up to is; that is why social media is so important, it is a great medium for building trust with your customers.

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