The inability or unwillingness of citizens to differentiate between fake and authentic news is undermining a fundamental assumption of democracy: the informed voter.
Richard EdelmanRead
I think that the direct conversation is exactly what companies need to earn trust of customers. Admit an error. Fix a problem. Commit to doing better. That is only human.
Interpretation
Open and honest communication is essential for companies to build trust with customers.
The quote emphasizes the importance of direct communication in fostering customer trust. By acknowledging mistakes, rectifying issues, and committing to improvement, businesses can demonstrate their humanity and reliability, ultimately strengthening their relationship with customers.
In practice
During a customer service meeting, to emphasize the importance of transparency, I could use this quote to highlight how admitting errors can strengthen relationships.
The inability or unwillingness of citizens to differentiate between fake and authentic news is undermining a fundamental assumption of democracy: the informed voter.
Engagement and integrity are the two most fundamental aspects of building trust; lead from the front by evolving your company strategy, then live your values every day.
Advertising has always been the 'head boy' of the communications industry, but not anymore. Now the rest - creative, digital, and media - is just as important.
What makes us so often discontented with those who transact business for us is that they almost always abandon the interest of their friends for the interest of the business, because they wish to have the honor of succeeding in that which they have undertaken.
As long as you keep doing the right thing and have the best product, you can beat the bigger company.
When you start a company, it's a singular focus. You have the wind at your back.
If you don't drive your business, you will be driven out of business.
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
Why do eight out of ten new consumer products fail? Sometimes because they are too new. The first cold cereals were rejected by consumers. More often new products fail because they are not new enough.
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