18 May
2010
The world is spooked. We've finally come to realize just how untenable our economic system can be. We find it difficult to trust those that were once entrusted with safeguarding our funds, and the prospect of another financial collapse has the vast majority of us hoarding our earnings for that almost certain rainy day, and spending only when necessary. But this will not last; it never does. It is only a matter of time before we feel our savings are sufficient to shelter us, or that our jobs are secure enough for us to venture out and indulge a bit. After all, few things raise the spirits of a downtrodden individual like spending money.
But why are we waiting so long? What is being communicated that is causing us to proceed so cautiously? In essence, the stalling of the economy is a failure of messaging. In the panic of the situation, a near riotous public is at odds with hostile shareholders, and business executives are prodded into making knee-jerk decisions to save their jobs with out first surveying the landscape. The level-headed among them will see a grand opportunity in this morass and will lay the necessary plans to take full advantage of it, for the benefit of all involved. Here are some key points that can be addressed when looking to convert this lemon into lemonade:
1. Trust. The public at large (you know; the ones that spend the money that keep the economy going) do not trust the corporate world. Especially the financial and health insurance sectors, which have displayed what appears to be a callous and even sinister disregard for the concerns and well-being of the customers they serve, largely for short-term gains. This is the same attitude that helped to create this situation, which is a total failure in branding. Why would one choose to piss off the very audience you rely on for support? The astute executive will assemble a marketing plan and business strategy that clearly communicates that their organization can be trusted. This requires not only saying that this is the case, but also by demonstrating it; particularly by offering incentives and benefits to your customers that your competitors refuse to offer.
2. Stability. A number of organizations are placing the burden of this economy on their customers, many of whom are already tapped out. At a time when what people are expecting is confident partner to guide them through this, one of the most short-sighted actions an organization can take is make them responsible for a situation they really didn't create. That communicates fear and uncertainty, in addition to being unwilling to take responsibility. Instead, project reassurance. When everyone else is pounding the panic button and placing the burden on their customers to stay afloat, your organization will shine as a beacon of calm and fairness in the midst of the raging storm.
3. Honesty. Don't underestimate your customers’ ability to see clear through false sincerity. And with our unprecedented access to information and the powerful communication tools at our disposal, it doesn't take long at all for the truth to be set loose. And once it hits, it can hit like a freight train... and it only takes one dedicated individual to get the train rolling. Be transparent and straight with your customers – it will reinforce your trust message.
4. Sacrifice. The general public feels as if they've sacrificed enough. Making sacrifices in your organization (even if they are only temporary) communicates that you are there for your customers first, and you're not just out for yourselves or your shareholders. Make it clear that you are here to make things right again, and that it is in everyone's best interest to get everyone back on track.
The actions businesses take in economic situations such as these will have long lasting repercussions for your brand. Unexamined, panicked, knee-jerk responses will most definitely leave a bad taste in your customers’ collective mouths. They will look for the very first opportunity to bolt to a competitor that addresses the concerns that you fail to. And by not making the proper choices now, you not only set yourself up for spending a lot more of your valuable resources to regain that trust later down the line, but you open up an opportunity for a competitor to make the decisions that you were unwilling to, and possibly take away a major chunk of your business — leaving you in an even more dire situation, with even more difficult decisions to make.
Graphic Designers and other creative professionals are key in tough situations, because people won't initially do what's in all of our bests interests, at least not intentionally. It is essential for everyone involved to understand exactly what has happened, what can be done to repair the situation, and how we can all (and will) contribute. Creative professionals have the priceless ability to craft these messages that enable everyone to see what is at stake and what needs to be done, and to prompt everyone into action. While there are plenty of capable designers and creative professionals that make full use of this ability, there are plenty more of us that either don't truly get that these are tasks uniquely designed (no pun intended) for us to take on, or we don't believe it is in our place to step up and take on these challenges.
In a corporate climate where companies are just getting bigger and profits are the only goal, creative professionals have a responsibility to assist in refocusing business on the source of their revenue — the customers — as well as what their concerns are and how we can address them.