Do Your Brand Values Translate into Real Experience?
by Taylor Trussell, Stein |Monday, December 29th, 2008Fifty-nine percent of Americans believe they can judge a company’s values by its online presence. That’s according to a new study by MS&L and reported in Brandweek. So, first, what’s your online presence (and we’re talking about more than just your Web site) say about your school’s values?
The study, which polled 6,000 consumers worldwide, also found that consumers are increasingly driven to identify leading companies as those that are “innovative, financially secure, ethical and possess the biggest market share.” This means traditional notions of competitive advantage are shifting, and that means how you communicate your values must shift as well:
The findings underscore the need for marketers to shift their business focus from being “driven by a coherent set of core values” to one that emphasizes how those “values [can] be communicated effectively at every touch point or companies risk undermining both their relationships with their customers and their long-term success,” said Mark Hass, CEO of MS&L Worldwide, a brand communications and consultancy network headquartered in New York.
Schools too often take their values as a given. After all, information about those Spring Break service trips are posted in the news archive and that page with the mission statement has been on the Web site for years. But the fact is, the values that an institution projects are generally (to extend Donald Rumsfeld’s epistemological categories) “unknown knowns.” That is, they’re things we don’t know we know because we’re too close to them. When we spend the bulk of our time talking to people who are equally invested in and knowledgeable of the institution’s values, we take it for granted that those values are apparent to everyone. However, what you say your brand values are and the values you project can be radically different. (And, at any rate, as this study indicates, consumers aren’t interested in what you say your values are; they’re inferring your values based on what they see or experience.) Take the example of the campus tour: How many schools tout their individualized approach to education–to large groups of prospective students and their families? Think prospects who are looking at everything with a critical eye–and who are hyper-aware of propaganda–don’t spot the disconnect?
Other findings:
72% of U.S. respondents believe that companies can have values just like the public does.
75% of Americans said companies have both a “higher purpose” and want to be financially successful, with honesty being a core component of that success.
56% of Americans said it is crucial for them to know about the values of the companies they do business with, while 33% said this was somewhat important.
Respondents polled in the survey also rated a company’s competition in the marketplace (87%) to be as important as environmental responsibility (82%).
While price and quality may be the primary purchase influencers in tough times, in the long run, it’s values that matter the most. 77% of consumers in the U.S. said they either strongly agree or somewhat agreed with that statement.






