By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: ‘Trust drives growth and action earns trust’: Why transparency is important as ever for companies
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > ‘Trust drives growth and action earns trust’: Why transparency is important as ever for companies
Business

‘Trust drives growth and action earns trust’: Why transparency is important as ever for companies

By admin 5 Min Read
Share
SHARE

To remain relevant, brands must actively engage with controversial topics like sustainability and politics. The CEO of the world’s largest public relations firm explains how companies can navigate these complex issues.

Contents
Why speaking up and walking the walk mattersPolitics: No longer something brands can avoidBrands: Catalysts of change and hope

In a landscape where corporate communication often falls short and public trust in big business and governments is diminishing, the challenge for large organisations lies in navigating what to say and how to say it.  

This complexity is exacerbated by the rise of climate activists, political divisions, misinformation and a general apathy towards corporate brands. 

Richard Edelman, CEO of the largest public relations  firm in the world (by revenue), said that despite these complexities, brands must lean-in and play an ‘offensive game’ to stay visible and relevant.

According to the 2024 Edelman Trust Barometer Report, survey participants expressed a strong desire for brands to engage in the big conversations dominating news agendas today. 

Climate change, inclusion, sustainability and politics are paramount and expectations on what brands should say and do when it comes to these issues have never been higher. Today, brands are not merely selling products; they are also conveying ideologies that represent their values and what their customers care about.

“Our research showed that by five to one, people want you to say more about climate, by four to one more about fair pay, by two to one on race and diversity. So it’s clear – it’s not only that silence is complicity, it is also that if you’re silent, you’re irrelevant,” Edelman warned.  

Why speaking up and walking the walk matters

Gone are the days when companies had complete control over the design and dissemination of their marketing messages. Today, communication is fragmented and brands must be proactive, anticipating their role in the conversation and putting forth ideas and perspectives. 

And it’s not just about talking. Taking meaningful action in areas the brand deems important—and then effectively communicating back those actions – helps build loyalty and trust, which ultimately benefits the brand.

“The fundamental idea from the study is that trust drives growth and action earns trust. Action is a big part of this step and we want our brands to think – what change can I make?,” Edelman adds. 

Politics: No longer something brands can avoid

Politics have become an inescapable consideration for brands when developing their messages and campaigns too. According to the Edelman Trust report, consumers increasingly choose brands that they perceive align with their political preferences.

The research revealed that 80% of respondents consider their political views when selecting products, and 60% base their purchases on their party affiliation. In a critical election year with significant repercussions, brands need to be sensitive to the policy issues important to their customer base.

“You don’t need to endorse candidates, you don’t need to get into the most controversial issues but you need to have a stance and it needs to be visible, consistent and coherent with your own corporate values.” 

First start by talking to your brand’s core constituency, Edelman recommends, and identify the issues important to them. From there, it’s important to creatively incorporate relevant messages and actions where they align most effectively.

“If that constituency tends to be conservative, focus on issues about freedom or jobs for the future. If your constituency tends to be more liberal, focus on sustainability or diversity.” 

To build a true understanding of how your constituency votes and what’s important to them, market research is a good place to start. However, diversity of thought within your creative team is equally important; having voices that can balance the conversation and identify what may or may not resonate with a conservative mind is essential.

Brands: Catalysts of change and hope

Amidst all the change and the challenging landscape for marketers, Edelman remains optimistic about the power of brands to effect positive change – no matter where they sit on the political spectrum.

“The key to brands is hope and marketing gives us a sense of optimism of what the world can be, and that’s a really vital role in a time of real concern about the future.” 

Watch the video above to learn more about the findings of Edelman’s Trust Report. 

You can see more content from Cannes Lions here.

Video editor • Joanna Adhem

Additional sources • Filmed by Arnaud Augst

You Might Also Like

Rupee tops Asia’s worst performers list with 9.9% slide in FY26

Warren Buffett revives his legendary charity lunch auction—this time with Stephen Curry. His last one raised $19 million

Explained: Why global brokerages are hitting panic button on India. FII exodus, oil shock ringing alarm?

Are 76% off Vistry shares a once-in-a-decade opportunity?

The biggest mistake CEOs make with AI has nothing to do with the technology

TAGGED: Business News
Share This Article
Facebook Twitter Copy Link
Previous Article How to Shop Like a Pro During Amazon Prime Day – July 2024
Next Article How to Correct Your Grammar While Writing Using Undetectable AI
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Super Mario Bros. Speedrunner Claims He’s Being Sabotaged
Gaming News
We travelled on European Sleeper’s first Paris to Berlin night train. This is what it was like
Travel
Sky TV: 3 thriller series I can’t wait to see
Tech News
Galaxy Watch Blood Pressure Monitoring Launches in the U.S.
Tech News
Rory McIlroy joins Shane Lowry in £435m investment with One Direction star
Sports
Rupee tops Asia’s worst performers list with 9.9% slide in FY26
Business
Pro-crypto PAC to be headed by Tether executive ahead of US midterms
Crypto

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

Brussels unveils plans for a European Degree but struggles to explain why

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
Trump evokes more anger and fear from Democrats than Biden does from Republicans, AP-NORC poll shows
March 28, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?