A year ago, many of us were surprised to discover how fragmented our nation had become. Since then, the cracks in our cultural and social edifice have only deepened. Profound tensions are affecting people the world over, and marketers are far from immune to these seismic shifts. As truth becomes weaponized and more difficult to decipher, people are striving to understand and defend what they believe to be right. Brands must do the same, or risk irrelevance.
The democratization of information has given the average individual the ability to voice opinions at scale. This new form of 360-degree resistance is elevating consumer expectations of companies across every avenue of impact. Brands are finding themselves under scrutiny, not just for their mistakes, but also for their unwillingness to support those who are speaking out. When the L’Oréal-owned prestige brand Lancôme cancelled a Hong Kong event that featured pro-democracy activist Denise Ho, the brand’s buzz score plummeted along with its intent-to-purchase score.
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The public is growing increasingly savvy, able to identify and influence events by wielding power strategically at the greatest point of impact. It expects brands to do the same and will not tolerate lip service paid to important issues. No longer can financial institutions run CSR campaigns encouraging their clients to go paperless without also managing their investment portfolios in a socially responsible way.
As investments are the most powerful tool that financial institutions can wield, people expect them to exercise their leverage. Of course, in doing so, brands risk alienating those on the other side of an issue. But times of cultural upheaval necessitate adapted behaviors. Attempts to stay out of the fray and remain neutral on values-related issues are no longer an option. People see silence itself as a response.
To help brands navigate these challenges, here are five key insights to keep in mind:
As consumers increasingly demand courageous brand commitments, the above guidance can help companies successfully traverse the difficult no neutral zone in today’s land of purpose.