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BUILDING
TRUST
BRAND
BUILDING
BRAND
TRUST
Introduction to
And the Brand Trust Index
The influence chain: working for or against you?
Envero helps clients build trust and positive word of mouth
through their influence chain
Envero’s four step process
1. COMMITMENT 2. DIAGNOSIS 3. STRATEGY 4. ACTION
1T1 Conversations
Internal Workshops
Envero TrustBank
Envero Brand Trust
Index
Involved facilitation
Informed provocation
Critical friend
Capability building
Performance Monitoring
Word Of Mouth
Social media and the internet are amplifying & accelerating word of mouth
SOCIAL MEDIA AN KILL YOUR
REPUTATION
The CONTEXT in which brands are built has changed
dramatically, particularly since 2008
65 MILLION unique visitors
per month. sharing their
experiences –
positive & negative
Downloaded over 50
million times. Zero paid
advertising. 100% Viral
January 21 2011
Coulson resigns As
Cameron’s spokesperson.
July 10th last ever edition
200,000 mentions
of horsemeat on
social media
People talk, share, tell stories and
INFLUENCE EACH OTHER
CULTURE IS PARTICIPATORY STORIES ARE THE NEW CURRENCY
Trust in ‘authority’ is at an all time low –
so word of mouth matters now
more than ever…
“To what extent do you trust the following forms
of advertising?”
“If you heard information about a company
from one of these people, how credible would
that information be?”
Source: Edelman Source: Nielsen
43%
62%
52%
A CEO A Regular Employee A Person like yourself
Recommendation from people I know
Consumer opinion posted online
92%
47%
36%
TV Ads
Ads on Social Network
70%
We measure the balance between positive
And negative word of mouth
Consumer Advocacy
How we measure the balance between positive & negative Word Of Mouth
DETRACTORS
Likelihood of Recommendation
NEUTRAL OR INDIFFERENT ADVOCATES
44%
26%
26% 30%
- =Net Recommendation is
4%30%
ADVOCATES
26%
DETRACTORS
Survey respondents
determine the likelihood
of recommending a
brand on a scale of 1-7
Respondents
who select either
of the two highest
ratings are
classified as
advocates
Respondents
who select either
of the two lowest
ratings are
classified as
detractors
Net recommendation is the
balance of % advocates minus
% detractors
3
1
2
4
Our fact-base – the Envero Brand Trust Index
17+ countries
30,000+
respondents
2,500+
companies &
brands
17+ industry
sectors
The Envero Brand Trust Index has
been conducted to date in the
countries shown on the map. In total,
we have results on more than 2,500
companies and brands based on
responses from approx. 30,000
thousand consumers.
Companies that have bought into the
survey in one or more countries
include: Coca-Cola Hellenice, Danone,
Cadbury, Santander, Nestlé, Müller,
ABInBev, Brown Forman, BCR Bank,
Ella’s Kitchen, Bacardi and Electrolux.*
To enquire about commissioning a
survey in any of these countries or any
other country worldwide please
contact us via our website at
www.envero.co.uk.
*In some cases the survey was conducted
under the title of GoodBrand Trust Index or
GoodBrand Social Equity Index.
The Average Brand has significantly more advocates
than detractors
Bottom 2 =
Detractors
Top 2 =
Advocates
Likelihood of Recommendation – Commercial Average*
Net Recommendation
*based on over 2,000 companies and brands in 13 countries
22% 36%42%
Source: Envero Brand Trust Index
22% =14%36% -
But the range is rather wide!
Distribution of Recommendation - Best Case/Worst Case
Technology
brand in Russia
Major bank in
Ireland
Net Recommendation 92%-3% = 89%
Net Recommendation 7%-54% = -47%
Building
ADVOCACY &
POSITIVE WORD
OF MOUTH is not
like conventional
marketing.
You can’t BUY it,
you have to
EARN it
So how do
brands earn
CONSUMER
ADVOCACY?
Envero Brand Trust Index: survey design
Business DriversTrust Drivers
What drives different
levels of consumer
advocacy?
Trust
Trust
Trust is TWICE as important as Quality in driving advocacy
How much does your company
invest in improving quality?
And in building trust…?
Quality
Brand Trust is both Functional and Emotional
Most Brands deliver
Functional Trust
Functional Trust
• Brand hygiene factors
• Product delivers
• Consistency
Most Brands deliver
Functional Trust
EMOTIONAL TRUST
• Honesty
• Consumer Care
• Authenticity
FUNCTIONAL TRUST
• Brand hygiene factors
• Product delivers
• Consistency
…..Positively Advocated
Brands deliver Emotional Trust
as well
Most brands deliver
Functional Trust…..
The Average distance of the brands from
the line of best fit gives us the Strength
of the relationship.
‘Line of best fit’. Indicates the
relationship between Trustworthy and
Recommendation
A Trustworthyscore increase of 100
points should see the average brand
Gain 77 points in
Recommendation+100
+77
R²
β
R²β
Using both the strength of the
relationship and the Gainin
Recommendation we can calculate the
STRENGTH INDEX SCORE
SI
R² = 0.94 β = 0.77 SI = 240
We calculate the extent to which one measure may be driving
another
How much is Trustworthiness driving
Recommendation?
Net Recommendation Drivers – survey average
Across Europe, Brand Trust is the key driver of consumer advocacy
Gain in RecommendationCorrelation Strength Index
R² β SI
Brand behaviours (Social Equity) are the biggest
drivers of Trust
ADVOCACYSOCIAL EQUITY
Community
Society
Environment
Workforce
Suppliers
Honesty
Caring
Unselfishness
Authenticity
Reliability
Recommendation
TRUST
Observed
Behaviours
Perceived
Character
Shared
Opinions
Brand Trust
Social Equity
What does it take to be
a TRUSTED LEADER?
Source: Envero Trust Index
5000 people rated
Mandela No. 1 WHY?
The UK Survey
SCALE & COVERAGE
• 223 well-known companies and brands across a wide range of sectors
• 2500 respondents representative of all UK adults, aged 18-65
HISTORY
• Previous UK surveys carried out periodically since 2005
• 2010 & 2012 surveys comparable historically to 2014
2014 PLAN
• Two comparable waves of fieldwork: Q1 and Q3
• Opportunity to monitor changes every 6 months
FUTURE PLAN
• Our intention is to maintain biannual surveys
SECTOR FTSE 100 OTHER
FMCG COCA-COLA HELLENIC, UNILEVER KELLOGGS, CADBURY, DANONE, NESTLE, HEINEKEN,
HEINZ, P&G, J&J
RETAIL M&S, SAINSBURYS, TESCO, MORRISONS IKEA, JOHN LEWIS, AMAZON, ASDA, COOP, ALDI,
PRIMARK, NEXT
FINANCE LLOYDS, RBS, BARCLAYS, HSBC NATWEST, SANTANDER, HALIFAX, NATIONWIDE,
COOP BANK, VIRGIN MONEY
MEDIA ITV, SKY BBC, C4, FT, TIMES, TELEGRAPH, GUARDIAN, SUN,
FACEBOOK, TWITTER
UTILITIES BP, VODAFONE, ROYAL MAIL, BT ORANGE, BRITISH GAS, NPOWER, EON, EDF,
SCOTTISH ENERGY
LEISURE EASY JET BA, RYANAIR, TRIPADVISOR, VIRGIN, MCDONALDS, COSTA,
STARBUCKS
OTHER GOOGLE, BMW, APPLE, OLYMPICS, NHS
UK survey coverage – overview of leading brands
How important is
people’s TRUST
in your company to
its future success?
How well TRUSTED
would you like to be?
For more information
please call us on
0800 644 1264
or contact us through
the website
BUILDING
BRAND
TRUST

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Is Your Brand Trusted Enough To Sell Itself? - Building Brand Trust/The Envero Brand Trust Index

  • 3. The influence chain: working for or against you? Envero helps clients build trust and positive word of mouth through their influence chain
  • 4. Envero’s four step process 1. COMMITMENT 2. DIAGNOSIS 3. STRATEGY 4. ACTION 1T1 Conversations Internal Workshops Envero TrustBank Envero Brand Trust Index Involved facilitation Informed provocation Critical friend Capability building Performance Monitoring
  • 5. Word Of Mouth Social media and the internet are amplifying & accelerating word of mouth SOCIAL MEDIA AN KILL YOUR REPUTATION
  • 6. The CONTEXT in which brands are built has changed dramatically, particularly since 2008 65 MILLION unique visitors per month. sharing their experiences – positive & negative Downloaded over 50 million times. Zero paid advertising. 100% Viral January 21 2011 Coulson resigns As Cameron’s spokesperson. July 10th last ever edition 200,000 mentions of horsemeat on social media
  • 7. People talk, share, tell stories and INFLUENCE EACH OTHER CULTURE IS PARTICIPATORY STORIES ARE THE NEW CURRENCY
  • 8. Trust in ‘authority’ is at an all time low – so word of mouth matters now more than ever… “To what extent do you trust the following forms of advertising?” “If you heard information about a company from one of these people, how credible would that information be?” Source: Edelman Source: Nielsen 43% 62% 52% A CEO A Regular Employee A Person like yourself Recommendation from people I know Consumer opinion posted online 92% 47% 36% TV Ads Ads on Social Network 70%
  • 9. We measure the balance between positive And negative word of mouth Consumer Advocacy
  • 10. How we measure the balance between positive & negative Word Of Mouth DETRACTORS Likelihood of Recommendation NEUTRAL OR INDIFFERENT ADVOCATES 44% 26% 26% 30% - =Net Recommendation is 4%30% ADVOCATES 26% DETRACTORS Survey respondents determine the likelihood of recommending a brand on a scale of 1-7 Respondents who select either of the two highest ratings are classified as advocates Respondents who select either of the two lowest ratings are classified as detractors Net recommendation is the balance of % advocates minus % detractors 3 1 2 4
  • 11. Our fact-base – the Envero Brand Trust Index 17+ countries 30,000+ respondents 2,500+ companies & brands 17+ industry sectors The Envero Brand Trust Index has been conducted to date in the countries shown on the map. In total, we have results on more than 2,500 companies and brands based on responses from approx. 30,000 thousand consumers. Companies that have bought into the survey in one or more countries include: Coca-Cola Hellenice, Danone, Cadbury, Santander, Nestlé, Müller, ABInBev, Brown Forman, BCR Bank, Ella’s Kitchen, Bacardi and Electrolux.* To enquire about commissioning a survey in any of these countries or any other country worldwide please contact us via our website at www.envero.co.uk. *In some cases the survey was conducted under the title of GoodBrand Trust Index or GoodBrand Social Equity Index.
  • 12. The Average Brand has significantly more advocates than detractors Bottom 2 = Detractors Top 2 = Advocates Likelihood of Recommendation – Commercial Average* Net Recommendation *based on over 2,000 companies and brands in 13 countries 22% 36%42% Source: Envero Brand Trust Index 22% =14%36% -
  • 13. But the range is rather wide! Distribution of Recommendation - Best Case/Worst Case Technology brand in Russia Major bank in Ireland Net Recommendation 92%-3% = 89% Net Recommendation 7%-54% = -47%
  • 14. Building ADVOCACY & POSITIVE WORD OF MOUTH is not like conventional marketing. You can’t BUY it, you have to EARN it So how do brands earn CONSUMER ADVOCACY?
  • 15. Envero Brand Trust Index: survey design Business DriversTrust Drivers
  • 16. What drives different levels of consumer advocacy?
  • 17. Trust
  • 18. Trust Trust is TWICE as important as Quality in driving advocacy How much does your company invest in improving quality? And in building trust…? Quality
  • 19. Brand Trust is both Functional and Emotional Most Brands deliver Functional Trust Functional Trust • Brand hygiene factors • Product delivers • Consistency Most Brands deliver Functional Trust EMOTIONAL TRUST • Honesty • Consumer Care • Authenticity FUNCTIONAL TRUST • Brand hygiene factors • Product delivers • Consistency …..Positively Advocated Brands deliver Emotional Trust as well Most brands deliver Functional Trust…..
  • 20. The Average distance of the brands from the line of best fit gives us the Strength of the relationship. ‘Line of best fit’. Indicates the relationship between Trustworthy and Recommendation A Trustworthyscore increase of 100 points should see the average brand Gain 77 points in Recommendation+100 +77 R² β R²β Using both the strength of the relationship and the Gainin Recommendation we can calculate the STRENGTH INDEX SCORE SI R² = 0.94 β = 0.77 SI = 240 We calculate the extent to which one measure may be driving another How much is Trustworthiness driving Recommendation?
  • 21. Net Recommendation Drivers – survey average Across Europe, Brand Trust is the key driver of consumer advocacy Gain in RecommendationCorrelation Strength Index R² β SI
  • 22. Brand behaviours (Social Equity) are the biggest drivers of Trust ADVOCACYSOCIAL EQUITY Community Society Environment Workforce Suppliers Honesty Caring Unselfishness Authenticity Reliability Recommendation TRUST Observed Behaviours Perceived Character Shared Opinions
  • 23. Brand Trust Social Equity What does it take to be a TRUSTED LEADER? Source: Envero Trust Index 5000 people rated Mandela No. 1 WHY?
  • 24. The UK Survey SCALE & COVERAGE • 223 well-known companies and brands across a wide range of sectors • 2500 respondents representative of all UK adults, aged 18-65 HISTORY • Previous UK surveys carried out periodically since 2005 • 2010 & 2012 surveys comparable historically to 2014 2014 PLAN • Two comparable waves of fieldwork: Q1 and Q3 • Opportunity to monitor changes every 6 months FUTURE PLAN • Our intention is to maintain biannual surveys
  • 25. SECTOR FTSE 100 OTHER FMCG COCA-COLA HELLENIC, UNILEVER KELLOGGS, CADBURY, DANONE, NESTLE, HEINEKEN, HEINZ, P&G, J&J RETAIL M&S, SAINSBURYS, TESCO, MORRISONS IKEA, JOHN LEWIS, AMAZON, ASDA, COOP, ALDI, PRIMARK, NEXT FINANCE LLOYDS, RBS, BARCLAYS, HSBC NATWEST, SANTANDER, HALIFAX, NATIONWIDE, COOP BANK, VIRGIN MONEY MEDIA ITV, SKY BBC, C4, FT, TIMES, TELEGRAPH, GUARDIAN, SUN, FACEBOOK, TWITTER UTILITIES BP, VODAFONE, ROYAL MAIL, BT ORANGE, BRITISH GAS, NPOWER, EON, EDF, SCOTTISH ENERGY LEISURE EASY JET BA, RYANAIR, TRIPADVISOR, VIRGIN, MCDONALDS, COSTA, STARBUCKS OTHER GOOGLE, BMW, APPLE, OLYMPICS, NHS UK survey coverage – overview of leading brands
  • 26. How important is people’s TRUST in your company to its future success? How well TRUSTED would you like to be?
  • 27. For more information please call us on 0800 644 1264 or contact us through the website BUILDING BRAND TRUST

Notas do Editor

  1. Google RUBank of Scotland _ IEDiscussion questions…?
  2. How do you see these things impacting your business?
  3. How much do you invest in building trust vs improving Quality?How do people define quality in your context anyway?
  4. Mandela – honest, caresSocial equity = evidence