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2015
EDELMAN TRUST BAROMETER
SINGAPORE RESULTS
FEBRUARY 3 2015
PG 2
PG 3
EDELMAN’S 15th Annual
TRUST BAROMETER METHODOLOGY
Informed Public
• 500 respondents in U.S.
and China, and 200 in
other countries
• Ages 25-64
• College-educated
• In top 25% of household
income per age group in
each country
• Report significant media
consumption and
engagement in business
news and public policy
• 15 years of data
General Online Population
• 1,000 respondents per
country surveyed
• Ages 18+
• 4 years in 25+ markets
Online Survey in 27 Countries
• 33,000 respondents
• 7 years in 20+ markets
• 10 years in 10+ markets
PG 4
BEHAVIOR BASED ON TRUST IN SINGAPORE
TRUST MATTERS
Q371-376.Thinking back over the past 12 months, have you taken any of the following actions in relationto companies
that you trust? Please answer yes or no to each action. InformedPublics, Singapore.
Q377-380.Still thinking about the past 12 months, have you taken any of the following actions in relation to companies
that you do not trust? Please answer yes or no to each action. InformedPublics,Singapore.
Trusted CompaniesDistrusted Companies
Refused to buy products/services Chose to buy products/services-66% 78%
Criticized them to a
friend/colleague
Recommended them to a
friend/colleague
-61% 69%
Paid more for
products/services 49%
Shared negative
opinions online
Shared positive
opinions online
-42% 47%
Defended
company
40%
I sold
shares
I bought shares-29% 43%
PG 5
2015 TRUST IS ESSENTIAL TO INNOVATION
2014 BUSINESS TO LEAD THE DEBATE FOR CHANGE
2013 CRISIS OF LEADERSHIP
2012 FALL OF GOVERNMENT
2011 RISE OF AUTHORITY FIGURES
2010 TRUST IS NOW AN ESSENTIAL LINE OF BUSINESS
2009 BUSINESS MUST PARTNER WITH GOVERNMENT TO REGAIN TRUST
2008 YOUNG INFLUENCERS HAVE MORE TRUST IN BUSINESS
2007 BUSINESS MORE TRUSTED THAN GOVERNMENT AND MEDIA
2006 “A PERSON LIKE ME” EMERGES AS CREDIBLE SPOKESPERSON
2005 TRUST SHIFTS FROM “AUTHORITIES” TO PEERS
2004 U.S. COMPANIES IN EUROPE SUFFER TRUST DISCOUNT
2003 EARNED MEDIA MORE CREDIBLE THAN ADVERTISING
2002 FALL OF THE CELEBRITY CEO
2001 RISING INFLUENCE OF NGOS
TRUST IN RETROSPECT
PG 6
China 79
UAE 79
Singapore 73
Indonesia 72
India 69
Malaysia 65
Canada 60
Netherlands 60
Hong Kong 59
Mexico 59
Australia 58
Brazil 57
Germany 57
Argentina 53
U.K. 52
S. Korea 51
Sweden 51
S. Africa 50
U.S. 49
France 46
Japan 44
Italy 43
Turkey 41
Ireland 39
Spain 39
Russia 37
Poland 35
NUMBER OF TRUSTER
COUNTRIES AT AN
ALL-TIME LOW
THE TRUST
INDEX:
TRUSTERSNEUTRALDISTRUSTERS
2014
TRUSTERS
from 30% to
22% in 2015
GLOBAL 56
Italy 48
S. Africa 48
Hong Kong 47
S. Korea 47
U.K. 46
Argentina 45
Poland 45
Russia 45
Spain 45
Sweden 45
Turkey 40
Ireland 37
Japan 37
2015
UAE 84
India 79
Indonesia 78
China 75
Singapore 65
Netherlands 64
Brazil 59
Mexico 59
Malaysia 56
Canada 53
Australia 52
France 52
U.S. 52
Germany 50
GLOBAL 55
DISTRUSTERS
from 33% to
48% in 2015
The Trust Index is an average of a country’strust in the
institutions of government, business, media and NGOs.
27-country global total.
Informed
Public
PG 7
DEFICIT NEARLY 10
POINTS LOWER AMONG
GENERAL POPULATION,
WITH AN AVERAGE 3
POINT DECREASE IN
TRUST ACROSS ALL
COUNTRIES
THE NEW
TRUST DEFICIT:
TRUSTERSNEUTRALDISTRUSTERS
2015
GLOBAL 55
2015
GLOBAL 46
Italy 48
S. Africa 48
Hong Kong 47
S. Korea 47
U.K. 46
Argentina 45
Poland 45
Russia 45
Spain 45
Sweden 45
Turkey 40
Ireland 37
Japan 37
UAE 84
India 79
Indonesia 78
China 75
Singapore 65
Netherlands 64
Brazil 59
Mexico 59
Malaysia 56
Canada 53
Australia 52
France 52
U.S. 52
Germany 50
India 68
UAE 68
Indonesia 67
China 63
Singapore 60
Malaysia 53
Canada 52
Netherlands 52
Mexico 51
Brazil 50
Hong Kong 47
U.S. 44
Argentina 43
Australia 42
Germany 42
Italy 42
S. Africa 42
Russia 40
U.K. 39
France 38
S. Korea 38
Sweden 37
Poland 36
Spain 36
Turkey 35
Japan 34
Ireland 32
Nearly 2/3
of countries are now
DISTRUSTERS
among the General
Online Population
Informed
Public
General
Population
The Trust Index is an average of a country’strust in the
institutions of government, business, media and NGOs.
27-country global total.
PG 8
TRUST IN THE FOUR INSTITUTIONS OF GOVERNMENT, BUSINESS, MEDIA AND NGOS IN SINGAPORE,
2014 VS. 2015
Q11-14.[TRACKING] Below is a list of institutions.For eachone,pleaseindicatehow muchyou trustthatinstitutionto do
what is rightusinga nine-pointscale,whereonemeansthatyou “do not trustthemat all” and ninemeansthat you “trust
thema greatdeal.” (Top 4 Box Trust) InformedPublicsin Singapore.
BUSINESS
GOVERNMENT
MEDIA
NGOS
76%
71%
2014 2015
#1
70%
59%
2014 2015
#4
71%
61%
2014 2015
#3
75%
70%
2014 2015
#2
TRUST IN INSTITUTIONS
PG 9
Lower/Equal Trust in 19 CountriesIncreased Trust in 8 Countries
50%
TRUST IN NGOS, 2014 VS. 2015
Q11-14. [NGOs IN GENERAL] Below is a list of institutions. For each one, please indicate how much you trust that
institution to do what is right using a nine-pointscale where one means that you “do not trust them at all” and nine
means that you “trust them a great deal.“ (Top 4 Box, Trust) Informed Publics, 27-country global total.
TRUST IN NGOS:
STILL MOST TRUSTED BUT NOW WANING
2014 2015
% Trust
66
76
73
64 62 61 62
59
47
75 74
84
76 76
70
75
67
70
77
67 66
69
58
67
58
41
47
37
63
81
77
71 70
65 64 63
58
74 73 72 71 71
68 67 67 66
63 62 61
59
57
51
48
38 37
29
PG 10
Lower Trust in 11 CountriesIncreased Trust in 16 Countries
% Trust
50%
TRUST IN GOVERNMENT, 2014 VS. 2015
Q11-14. [GOVERNMENT IN GENERAL] Below is a list of institutions. For each one, please indicate how much you trust
that institution to do what is right using a nine-point scale where one means that you “do not trust them at all” and
nine means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total.
TRUST IN GOVERNMENT:
19 OF 27 COUNTRIES DISTRUST GOVERNMENT
2014 2015
45
88
53
76
53
60
27
49
42
32
37
34
28
19
24
18
21
75
63
56
51
54
45 43 45 45
23
17
48
90
82 82
72
65
54
50
43 42 41
37
33
30 28 26 26
70
59
49 49
45
42 41 40
33
21
16
PG 11
Lower Trust in 16 CountriesIncreased Trust in 11 Countries
% Trust
50%
TRUST IN BUSINESS, 2014 VS. 2015
Q11-14. [BUSINESSIN GENERAL] Below is a list of institutions.For each one, please indicate how much you trust that
institution to do what is right using a nine-point scale where one means that you “do not trust them at all” and nine
means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total.
TRUST IN BUSINESS:
MOST SIGNIFICANT DECREASES IN SINGAPORE AND AUSTRALIA
2014 2015
59
82 82
79
70
54
63
58
45 45
43
38
73
77
72 71
56
51
59
53
62
58 57
45
49
43
41
39
57
85 84 84
73
66
64
60
53
48
45 43
72 70
67
61
52
49 48 48 47 46 45 45
42 41
38 36
PG 12
BUILDING AND DEFENDING TRUST
53% 32% 31%
Fails to Contribute
to the Greater Good
Does Not Help Me and
My Family
Live a Fulfilling Life
Does Not Help Me and
My Family
Live a Healthy Life
52% 50% 47%
Contributes
to the Greater Good
Produces Economic
Growth
Helps Me and My
Family
Live a Fulfilling Life
Reasons Trust in
Business Has Increased
in SINGAPORE
Q328-329. For which of the following reasons, if any, has your trust in each institution listed below increased over the past year?
(Top 4 Box, Trust) Informed Publics, in Germany.Q330-331. For which of the following reasons,if any, has your trust in each
institution listed below decreased over the past year? (Top 4 Box, Trust) InformedPublics, in Singapore.
Q249-252. Please indicate how much you agree or disagree with the following statements? (Top 4 Box, Trust) InformedPublics, in
Singapore.
Reasons Trust in
Business Has Decreased in
SINGAPORE
59%
80%
agree
“A company can take specific actions
that both increase profits and improve
the economic and social conditions in
the community where it operates.”
PG 13
FOUR KEY FACTORS
AFFECT TRUST IN BUSINESS
COUNTRY OF ORIGIN
INDUSTRY SECTOR
LEADERSHIP
ENTERPRISE TYPE
BUSINESS
All are showing similar patterns of a post-recovery increase in trust,
followed by new declines in the last 12 – 18 months
PG 14
50%
86%
82%
80%
78% 78% 78% 77% 76% 75% 74% 74%
69% 68% 67% 66%
82%
78%
71% 72% 71%
69% 70%
75% 74%
68% 67% 67%
59%
65%
59%
TRUST IN INDUSTRIES 2014 VS 2015, DECLINES COMPARED TO 2014
INDUSTRY SECTORS:
TECHNOLOGY-BASED INDUSTRIES DECLINE
Q43-60. [TRACKING] Please indicate how much you trust businesses in each of the following industriesto do what is
right. Again please use the same nine-point scale where one means that you “do not trust them at all” and nine means
that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total.
2014 2015
More Trust Less Trust
*% of countries in which trust decreased
PG 15
44% 45%
72%
64%
75%
69%
TRUST IN DIFFERENT TYPES OF BUSINESS, DEVELOPED (U.S., U.K., GERMANY,
FRANCE, JAPAN) VS. DEVELOPING COUNTRIES (CHINA, INDIA, RUSSIA, MEXICO, BRAZIL)
ENTERPRISE TYPE:
DEVELOPING COUNTRIES MORE OPEN TO BIG BUSINESS
Q15-17C. Thinking about different types of businesses, please indicate how much you trust each type of business
to do what is right using a nine-point scale, where one means that you “do not trust them at all” and nine means
that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total.
DEVELOPED COUNTRIES DEVELOPING COUNTRIES
State-owned Big Business Family-ownedState-owned Big Business Family-owned
SINGAPORE
60% 61%
48%
State-owned Big Business Family-owned
PG 16
87% 86% 84% 84% 84%
80% 79% 77% 76%
72%
61%
57%
48%
42%
39% 37% 36%
75% 74%
80% 80%
75% 74%
70% 72%
66% 64%
52%
45%
30% 29% 27% 26% 27%
Q26-Q42. [TRACKING] Now we would like to focus on global companies headquartered in specific countries. Please indicate how much you trust global companies
headquarteredin the following countriesto do what is right. Use the same 9-point scale where one means that you “do not trust them at all” and nine means that you
“trust them a great deal”. (Top 4 Box, Trust) Informed Publics.
Most Trusted
TRUST IN COMPANIES HEADQUARTERED IN THE FOLLOWING COUNTRIES 2014 VS 2015
SINGAPORE:
BRIC COUNTRIES REMAIN DISTRUSTED
2014 2015
PG 17
Q130-143.[TRACKING]Below is a list of people.In general,when formingan opinionof a company,if you heard
informationabouta companyfrom eachperson,how crediblewouldthe informationbe--extremelycredible,very credible,
somewhatcredible,or not credibleat all? (Top2 Box, Trust) InformedPublics,in Singapore.
CREDIBILITY OF SPOKESPERSONS, 2014 VS. 2015 IN SINGAPORE
LEADERSHIP: EXPERT AND “A PERSON
LIKE YOURSELF” TWICE AS CREDIBLE AS CEO
70%
58%
69%
55%
52% 51% 51%
40%
59%
57%
52% 51%
49%
38% 37% 36%
Academic or
Industry Expert
A person like
yourself
Company
Technical Expert
NGO
Representative
Government
Official
or Regulator
Financial or
Industry Analyst
CEO Regular
Employee
2014 2015
More Trust Less Trust
PG 18
Lower/Equal Trust in 15 CountriesIncreased Trust in 12 Countries
50%
TRUST IN MEDIA, 2014 VS. 2015
TRUST IN MEDIA:
60% OF COUNTRIES DISTRUST MEDIA
2014 2015
Q11-14. [MEDIA IN GENERAL] Below is a list of institutions. For each one, please indicate how much you trust that
institution to do what is right using a nine-pointscale where one means that you “do not trust them at all” and nine
means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total.
% Trust
53
78
70 71
60
45
48
40 40
35
42
30
19
79
70
61
63
55
58 59
54
48
63
54
41
44
37
40
51
80 79
76
62
51 50
48 47
44 43 42
20
77
59 57 56
52
47 46 45 43 41 40
38
34 34
31
PG 19
Q178-182. When looking for general news and information,how much would you trust each type of source for general
news and information? Please use a nine-point scale, where one means that you “do not trust it at all” and nine means
that you “trust it a great deal.” (Top 4 Box, Trust) InformedPublics, in Singapore.
TRUST IN EACH SOURCE FOR GENERAL NEWS AND INFORMATION IN SINGAPORE
MEDIA SOURCES
73%
77% 79%
66%
63% 63%
67%
54%55%
52%
52%
54%
66%
72%
68% 70%
47%
54%
52%
46%
2012 2013 2014 2015
Traditional Media
Online Search Engines
Social Media
Hybrid Media
Owned Media
PG 20
TRUST IN INFORMATION CREATED BY EACH AUTHOR ON SOCIAL NETWORKING SITES, CONTENT
SHARING SITES AND ONLINE-ONLY INFORMATION SOURCES IN SINGAPORE
MEDIA SOURCES
TELEVISIONNEWSPAPERS ONLINE SEARCH
The First Source for
General Information
The First Source for
Breaking News
Source Used Most to
Confirm/Validate News
Q183.On a typical day, what is the first source that you go to for general information about business? InformedPublics,
InformedPublics,in Singapore.
Q184.What is the firstsourceyou go to for breakingnewsaboutbusiness? InformedPublics,in Singapore.
Q185.Whichof the followingsourcesdo you turnto MOSToftento confirm/validateinformationon breakingnewsabout
business? InformedPublics,in Singapore.
43%
38%
31%
14%
14% 12%
28%
31%
37%
2013 2014 2015
28%
30%
26%
21%
20%
19%
30%
28%
29%
2013 2014 2015
32%
30%
26%
22%
18%
14%
28%
33%
37%
2013 2014 2015
PG 21
Q387-396.Thinkingaboutthe informationyou consumeon social networkingsites,suchas Facebook, MySpace,LinkedIn,Meebo,
Orkut,Qzone,RenRen,how muchdo you trusttheinformationpostedfrom each of thefollowingauthorsor contentcreators?(Top 4 Box,
Trust)InformedPublics, in Singapore.
Q397-406.Thinkingaboutthe informationyou consumeon contentsharingsites,suchas YouTube,how muchdo you trustthe
informationpostedfrom each of the followingauthorsor contentcreators? InformedPublics, in Singapore.
Q407 - 415 Thinkingaboutthe informationyou consumeon online-onlynewsand informationsources,suchas The HuffingtonPost,
Buzzfeed,Techcrunch,etc.,how muchdo you trusttheinformationpostedfrom eachof the followingauthorsor content creators?
InformedPublics, in Singapore.
34%
39%
45%
46%
49%
49%
54%
61%
69%
72%
Brands I don’t use
Celebrities
A well-known online personality
A company CEO
Employees of a company
Elected officials
A journalist
Companies I use
An academic expert
My friends and family
TRUST IN INFORMATION CREATED BY EACH AUTHOR ON SOCIAL NETWORKING SITES,
CONTENT SHARING SITES AND ONLINE-ONLY INFORMATION SOURCES IN SINGAPORE
TRUSTED
NEUTRAL
DISTRUSTED
CONTENT CREATORS
BUILDING
TRUST
PG 23
16 KEY ATTRIBUTES
TO BUILDING TRUST
INTEGRITY
Has ethical business practices
Takes responsible actions to address an issue or crisis
Has transparent and open business practices
ENGAGEMENT
Listens to customer needs and feedback
Treats employees well
Places customers ahead of profits
Communicates frequently and honestly on the state of its business
PRODUCTS & SERVICES
Offers high-quality products or services
Is an innovator of new products, services or ideas
PURPOSE
Works to protect and improve the environment
Addresses society’s needs in its everyday business
Creates programs that positively impact the local community
Partners with NGOs, government and 3rd parties to address societal needs
OPERATIONS
Has highly-regarded and widely-admired top leadership
Ranks on a global list of top companies
Delivers consistent financial returns to investors
Edelman Trust Barometer
research reveals 16 specific
attributes that build trust.
These can be grouped into five
performance clusters listed here
in rank order of importance.
Q80-Q95. [TRACKING] How important is each of the following actions to building your trust in a company? Use a nine-
point scale where one means that action is “not at all important to building your trust” and nine means it is
“extremely important to building your trust” in a company. (Top 2 Box, Very/Extremely Important) Informed Public,
27-country global total.
PG 24
16%
18%
17%
16%
18%
19%
18%
20%
23%
18%
21%
20%
17%
20%
19%
20%
25%
27%
28%
26%
33%
32%
37%
23%
45%
40%
48%
45%
39%
47%
46%
49%
Delivers Consistent Financial Returns To Investors
Ranks On A Global List Of Top Companies, Such As Best To Work For Or Most Admired
Has Highly-Regarded And Widely Admired Top Leadership
Partners With NGOs, Government And Third Parties To Address Societal Issues
Addresses Society'S Needs In Its Everyday Business
Creates Programs That Positively Impact The Local Community
Works To Protect And Improve The Environment
Is An Innovator Of New Products, Services Or Ideas
Offers High Quality Products Or Services
Communicates Frequently And Honestly On The State Of Its Business
Places Customers Ahead Of Profits
Listens To Customer Needs And Feedback
Treats Employees Well
Has Transparent And Open Business Practices
Takes Responsible Actions To Address An Issue Or A Crisis
Has Ethical Business Practices
TRUST BUILDING ATTRIBUTES –
LARGE GAP IN EXPECTATION VS. PERFORMANCE
BUSINESS IMPORTANCE VS. COMPANY PERFORMANCE
OPERATIONS
PURPOSE
PRODUCTS
INTEGRITY
ENGAGEMENT
Gap
-29
-26
-28
-27
-27
-26
-24
-26
-11
-22
-19
-19
-12
-14
-10
-9
Q80-Q95. [TRACKING] How important is each of the following actions to building your TRUST in a company? Use a nine-point scale where one means that action is “not
at all important to building your trust” and nine means it is “extremely important to building your trust” in a company. Informed Publics, 27 Country Global Total.
Q114-129. Please rate businesses in general on how well you think they are performing on each of the following attributes. Use a 9-point scale where one means they
are "performing extremely poorly" and nine means they are "performing extremely well". Informed Publics, 27 Country Global Total.
*Excludes don’t know responses
PG 25
26%
29%
21%
23%
33%
54%
32%
28%
22%
30%32%
35%
38%
43%
29%
26%
29%
33%
39%
34%
10%
15% 15% 16%
11%
OperationsPurposeProductsIntegrityEngagement
Q197-201(Global Summary). We would now like you to think about different types of information you may read, see or
hear about a company. For each topic, please select which person you trust MOST to provide you with credible and
honest informationabout a company. Informed Publics, Singaporeand APAC average.
MOST TRUSTED INFLUENCER TO COMMUNICATE EACH TOPIC
INFLUENCERS: ACTIVIST CONSUMERS MOST TRUSTED
COMPANY’S EMPLOYEECOMPANY CEO ACTIVIST CONSUMER ACADEMIC MEDIA SPOKESPERSON
TRUST AND
INNOVATION
PG 27
THE PACE OF DEVELOPMENT AND CHANGE IN BUSINESS AND INDUSTRY GLOBAL VS SINGAPORE TODAY
Q349-351. Below are a number of statements.For each, please think about the pace of development and change in
business and industry today, and select the responsethat most accurately representsyour opinion. (Not Enough, Too
Much) InformedPublics, in Singapore.
TRUST IN BUSINESS INNOVATION
73% Too Fast7% Too Slow 19% Just Right
51% Too Fast28% Too Slow 19% Just Right
PG 28
25
35
45
55
65
75
85
95
25% 35% 45% 55% 65% 75% 85%
TRUSTININSTITUTIONS(TRUSTINDEX)
TRUST IN RECENT BUSINESS INNOVATIONS (AVERAGE)
Data from Table 574
RELATIONSHIP OF TRUST IN INSTITUTIONS (TRUST INDEX) AND AVERAGE
TRUST IN RECENT BUSINESS DEVELOPMENTS
Q355-359. Below are a number of recentdevelopmentsin business and industry. To what degree do you trust each of
these recent developments? Informed Publics, 27-country global total. Q11-14. Below is a list of institutions. For each
one, please indicate how much you trust that institutionto do what is right using a nine-point scale, where one means that
you do not trust them at all and nine means that you trust them a great deal. InformedPublics, 27-country global total.
TRUST AND BUSINESS INNOVATION: HIGHER TRUST
CREATES THE OPPORTUNITY FOR FASTER INNOVATION
UAE
IND
BRA
MAL
SING
MEX
GLOBAL
US
ARG
ITA
S.KO
NETH
GER
JAP
FRA
CAN
AUS
SWE
IRE
TUR
POL
S.AF
HK
SPA
U.K.RUS
INDO
CHI
PG 29
73%
63%
43%
40%
34%
25%
62%
69%
31%
58%
25%
35%
NEW TECHNOLOGICAL
ADVANCEMENTS
BUSINESS GROWTH
TARGETS
A DESIRE TO IMPROVE
PEOPLE'S LIVES
GREED/MONEY
A DESIRE TO MAKE THE
WORLD A BETTER PLACE
PERSONAL AMBITION
APAC
Singapore
DRIVERS OF CHANGE IN BUSINESS AND INDUSTRY TODAY ARE PERCEIVED TO BE:
IN SINGAPORE, INNOVATIONS PERCEIVED AS DRIVEN BY
BUSINESS TARGETS AND GREED/MONEY AS WELL AS
TECHNOLOGY
Q353. From the list below, what do you believe are the top three drivers of change in business and industry today?
Informed Publics, Singaporeand APAC average.
PG 30
35%
44%
41%
33%
36%
39%
17%
13%
8%
14%
8% 8%
Business Financial Services
Industry
Health Industry Technology Industry Energy Industry Food and Beverage
Industry
2014 TRUST BAROMETER:
54%
say the most important
role for government in business is
to protect consumers and regulate business
NOT ENOUGH REGULATION TOO MUCH REGULATION
GOVERNMENT REGULATION OF BUSINESS AND ACROSS
INDUSTRY SECTORS IS PERCEIVED TO BE:
BUSINESS INNOVATION:
NOT ENOUGH
GOVERNMENT REGULATION
Q148. [TRACKING] When it comes to government regulation of business, do you think that your governmentregulates business too much, not enough or the right amount? (Not
Enough, Too much) Informed Publics, Singapore. Q262/Q263/Q264/Q381/Q382. When it comes to governmentregulation of the [financial services industry / energy industry /
food and beverageindustry / health industry / technology industry],do you think that your governmentregulates it too much, not enough or the right amount? (Not Enough, Too
much) Informed Publics, Singapore.
PG 31
ACTIONS THAT INCREASE TRUST IN INDUSTRY TO IMPLEMENT TECHNOLOGY CHANGES IN SINGAPORE
Q365-369. Below is a number of actions that could impact your trust in business and industry to developand implement
technology-led changes such as those you just evaluated. What impact would each of theseactions have on your trust?
Informed Publics, in Singapore.
Q349-351. Below are a number of statements. For each, please think about the pace of development and change in business
and industry today, and select the responsethat most accurately representsyour opinion. (Not Enough, Too Much) Informed
Publics, in Singapore.
TRUST IN INNOVATION
Make test results available publicly for review 80%
Run a clinical trial or beta test 72%
Partner with an academic institution 68%
Partner with an NGO 67%
Partner with government 66%
62% AGREE:
New developments
are not tested
enough
PG 32
TRUST IN RECENT DEVELOPMENTS IN BUSINESS AND INDUSTRY, DEVELOPED COUNTRIES (U.S.,
U.K., GERMANY, FRANCE, JAPAN) VS. DEVELOPING COUNTRIES (CHINA, INDIA, RUSSIA, MEXICO, BRAZIL)
Q355-359. Below is a number of recent developments in businessand industry.To what degree do you trust each of
these recent developments? Informed Publics, 27-country global total.
BUSINESS INNOVATION:
DEVELOPING MARKETS MORE OPEN TO CHANGE
+29 +19 +26 +21 +6
83%
72% 71%
60%
37%
54% 53%
45%
39%
31%
Electronic and Mobile
Payments
Electronic and
Personal Health
Trackers
Cloud Computing Hydraulic Fracturing Genetically Modified
Foods
DEVELOPING COUNTRIES DEVELOPED COUNTRIES
… but do not take
customers in developing
markets for granted.
50%
PG 33
Q360-364: Now thinkingspecifically about each of the following industries, how much do you trust them to responsibly develop
and releaseeach of these recent developments? (Showing % who trust, rated 6-9). Informed Publics, in Singapore.
Q43-60. Please indicate how much you trust businessesin each of the following industries to do what is right. Again, please use
the same nine-point scale, where one means that you “do not trust them at all” and nine means that you “trust them a great deal.”
Informed Publics, in Singapore.
TRUST IN INDUSTRIES’ ABILITIES TO RESPONSIBLY DEVELOP AND RELEASE
INDUSTRY-SPECIFIC DEVELOPMENTS, COMPARED TO TRUST IN INDUSTRIES IN SINGAPORE
44%
58%
58%
60%
60%
71%
82%
59%
69%
75%
Financial Services
Electronic Payments
Health
Personal Health Trackers
Technology
Cloud Computing
Energy
Hydraulic Fracturing
Food & Beverage
Genetically Modified Foods
TRUST INDUSTRY SECTOR TRUST INDUSTRY TO IMPLEMENT EACH DEVELOPMENT
-15
-9
-1
-24
-27
Gap
Trust in Industry Sector
vs.
Trust in Industry to Innovate
BUSINESS INNOVATION
PG 34
TOWARDS TRUSTED INNOVATION
A REQUIRED SET OF ACTIONS
BehaveSolve Engage
Fundamentally, organizations must
conduct itself with new rigor and self-
awareness. A commitment to robust
relationships, transparency and
consistency in reporting, active listening
to stakeholders’ concerns and a
willingness to modify products and
services is required. Ultimately this is an
action of leadership, culture and conduct.
Organizations must continue to apply its
unparalleled perspective and skill to the
world’s greatest problems. Organizations
must bring ideas and products to market
that yield benefit, while ensuring the
public sees the connection between new
developments and societal benefit.
Innovative product and service solutions
should be recognized by stakeholders as
more than profit-drivers.
Organizations must adopt a new
framework rooted in facilitating dialogue,
sharing information and fostering
collaboration. Realizing that new
developments do not speak for
themselves, organizations must actively
engage a broad range of stakeholders to
facilitate greater understanding through
stories that reach and touch their
audiences. Organizations must explain
benefits completely, elucidate the
technology behind the innovations and
communicate its ethical practices in
bringing those discoveries to market. A
organization that does this well is one that
invites partnership, encouraged feedback
and interaction and listens openly.
PG 35

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2015 Edelman Trust Barometer Singapore

  • 1. 2015 EDELMAN TRUST BAROMETER SINGAPORE RESULTS FEBRUARY 3 2015
  • 3. PG 3 EDELMAN’S 15th Annual TRUST BAROMETER METHODOLOGY Informed Public • 500 respondents in U.S. and China, and 200 in other countries • Ages 25-64 • College-educated • In top 25% of household income per age group in each country • Report significant media consumption and engagement in business news and public policy • 15 years of data General Online Population • 1,000 respondents per country surveyed • Ages 18+ • 4 years in 25+ markets Online Survey in 27 Countries • 33,000 respondents • 7 years in 20+ markets • 10 years in 10+ markets
  • 4. PG 4 BEHAVIOR BASED ON TRUST IN SINGAPORE TRUST MATTERS Q371-376.Thinking back over the past 12 months, have you taken any of the following actions in relationto companies that you trust? Please answer yes or no to each action. InformedPublics, Singapore. Q377-380.Still thinking about the past 12 months, have you taken any of the following actions in relation to companies that you do not trust? Please answer yes or no to each action. InformedPublics,Singapore. Trusted CompaniesDistrusted Companies Refused to buy products/services Chose to buy products/services-66% 78% Criticized them to a friend/colleague Recommended them to a friend/colleague -61% 69% Paid more for products/services 49% Shared negative opinions online Shared positive opinions online -42% 47% Defended company 40% I sold shares I bought shares-29% 43%
  • 5. PG 5 2015 TRUST IS ESSENTIAL TO INNOVATION 2014 BUSINESS TO LEAD THE DEBATE FOR CHANGE 2013 CRISIS OF LEADERSHIP 2012 FALL OF GOVERNMENT 2011 RISE OF AUTHORITY FIGURES 2010 TRUST IS NOW AN ESSENTIAL LINE OF BUSINESS 2009 BUSINESS MUST PARTNER WITH GOVERNMENT TO REGAIN TRUST 2008 YOUNG INFLUENCERS HAVE MORE TRUST IN BUSINESS 2007 BUSINESS MORE TRUSTED THAN GOVERNMENT AND MEDIA 2006 “A PERSON LIKE ME” EMERGES AS CREDIBLE SPOKESPERSON 2005 TRUST SHIFTS FROM “AUTHORITIES” TO PEERS 2004 U.S. COMPANIES IN EUROPE SUFFER TRUST DISCOUNT 2003 EARNED MEDIA MORE CREDIBLE THAN ADVERTISING 2002 FALL OF THE CELEBRITY CEO 2001 RISING INFLUENCE OF NGOS TRUST IN RETROSPECT
  • 6. PG 6 China 79 UAE 79 Singapore 73 Indonesia 72 India 69 Malaysia 65 Canada 60 Netherlands 60 Hong Kong 59 Mexico 59 Australia 58 Brazil 57 Germany 57 Argentina 53 U.K. 52 S. Korea 51 Sweden 51 S. Africa 50 U.S. 49 France 46 Japan 44 Italy 43 Turkey 41 Ireland 39 Spain 39 Russia 37 Poland 35 NUMBER OF TRUSTER COUNTRIES AT AN ALL-TIME LOW THE TRUST INDEX: TRUSTERSNEUTRALDISTRUSTERS 2014 TRUSTERS from 30% to 22% in 2015 GLOBAL 56 Italy 48 S. Africa 48 Hong Kong 47 S. Korea 47 U.K. 46 Argentina 45 Poland 45 Russia 45 Spain 45 Sweden 45 Turkey 40 Ireland 37 Japan 37 2015 UAE 84 India 79 Indonesia 78 China 75 Singapore 65 Netherlands 64 Brazil 59 Mexico 59 Malaysia 56 Canada 53 Australia 52 France 52 U.S. 52 Germany 50 GLOBAL 55 DISTRUSTERS from 33% to 48% in 2015 The Trust Index is an average of a country’strust in the institutions of government, business, media and NGOs. 27-country global total. Informed Public
  • 7. PG 7 DEFICIT NEARLY 10 POINTS LOWER AMONG GENERAL POPULATION, WITH AN AVERAGE 3 POINT DECREASE IN TRUST ACROSS ALL COUNTRIES THE NEW TRUST DEFICIT: TRUSTERSNEUTRALDISTRUSTERS 2015 GLOBAL 55 2015 GLOBAL 46 Italy 48 S. Africa 48 Hong Kong 47 S. Korea 47 U.K. 46 Argentina 45 Poland 45 Russia 45 Spain 45 Sweden 45 Turkey 40 Ireland 37 Japan 37 UAE 84 India 79 Indonesia 78 China 75 Singapore 65 Netherlands 64 Brazil 59 Mexico 59 Malaysia 56 Canada 53 Australia 52 France 52 U.S. 52 Germany 50 India 68 UAE 68 Indonesia 67 China 63 Singapore 60 Malaysia 53 Canada 52 Netherlands 52 Mexico 51 Brazil 50 Hong Kong 47 U.S. 44 Argentina 43 Australia 42 Germany 42 Italy 42 S. Africa 42 Russia 40 U.K. 39 France 38 S. Korea 38 Sweden 37 Poland 36 Spain 36 Turkey 35 Japan 34 Ireland 32 Nearly 2/3 of countries are now DISTRUSTERS among the General Online Population Informed Public General Population The Trust Index is an average of a country’strust in the institutions of government, business, media and NGOs. 27-country global total.
  • 8. PG 8 TRUST IN THE FOUR INSTITUTIONS OF GOVERNMENT, BUSINESS, MEDIA AND NGOS IN SINGAPORE, 2014 VS. 2015 Q11-14.[TRACKING] Below is a list of institutions.For eachone,pleaseindicatehow muchyou trustthatinstitutionto do what is rightusinga nine-pointscale,whereonemeansthatyou “do not trustthemat all” and ninemeansthat you “trust thema greatdeal.” (Top 4 Box Trust) InformedPublicsin Singapore. BUSINESS GOVERNMENT MEDIA NGOS 76% 71% 2014 2015 #1 70% 59% 2014 2015 #4 71% 61% 2014 2015 #3 75% 70% 2014 2015 #2 TRUST IN INSTITUTIONS
  • 9. PG 9 Lower/Equal Trust in 19 CountriesIncreased Trust in 8 Countries 50% TRUST IN NGOS, 2014 VS. 2015 Q11-14. [NGOs IN GENERAL] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right using a nine-pointscale where one means that you “do not trust them at all” and nine means that you “trust them a great deal.“ (Top 4 Box, Trust) Informed Publics, 27-country global total. TRUST IN NGOS: STILL MOST TRUSTED BUT NOW WANING 2014 2015 % Trust 66 76 73 64 62 61 62 59 47 75 74 84 76 76 70 75 67 70 77 67 66 69 58 67 58 41 47 37 63 81 77 71 70 65 64 63 58 74 73 72 71 71 68 67 67 66 63 62 61 59 57 51 48 38 37 29
  • 10. PG 10 Lower Trust in 11 CountriesIncreased Trust in 16 Countries % Trust 50% TRUST IN GOVERNMENT, 2014 VS. 2015 Q11-14. [GOVERNMENT IN GENERAL] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right using a nine-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total. TRUST IN GOVERNMENT: 19 OF 27 COUNTRIES DISTRUST GOVERNMENT 2014 2015 45 88 53 76 53 60 27 49 42 32 37 34 28 19 24 18 21 75 63 56 51 54 45 43 45 45 23 17 48 90 82 82 72 65 54 50 43 42 41 37 33 30 28 26 26 70 59 49 49 45 42 41 40 33 21 16
  • 11. PG 11 Lower Trust in 16 CountriesIncreased Trust in 11 Countries % Trust 50% TRUST IN BUSINESS, 2014 VS. 2015 Q11-14. [BUSINESSIN GENERAL] Below is a list of institutions.For each one, please indicate how much you trust that institution to do what is right using a nine-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total. TRUST IN BUSINESS: MOST SIGNIFICANT DECREASES IN SINGAPORE AND AUSTRALIA 2014 2015 59 82 82 79 70 54 63 58 45 45 43 38 73 77 72 71 56 51 59 53 62 58 57 45 49 43 41 39 57 85 84 84 73 66 64 60 53 48 45 43 72 70 67 61 52 49 48 48 47 46 45 45 42 41 38 36
  • 12. PG 12 BUILDING AND DEFENDING TRUST 53% 32% 31% Fails to Contribute to the Greater Good Does Not Help Me and My Family Live a Fulfilling Life Does Not Help Me and My Family Live a Healthy Life 52% 50% 47% Contributes to the Greater Good Produces Economic Growth Helps Me and My Family Live a Fulfilling Life Reasons Trust in Business Has Increased in SINGAPORE Q328-329. For which of the following reasons, if any, has your trust in each institution listed below increased over the past year? (Top 4 Box, Trust) Informed Publics, in Germany.Q330-331. For which of the following reasons,if any, has your trust in each institution listed below decreased over the past year? (Top 4 Box, Trust) InformedPublics, in Singapore. Q249-252. Please indicate how much you agree or disagree with the following statements? (Top 4 Box, Trust) InformedPublics, in Singapore. Reasons Trust in Business Has Decreased in SINGAPORE 59% 80% agree “A company can take specific actions that both increase profits and improve the economic and social conditions in the community where it operates.”
  • 13. PG 13 FOUR KEY FACTORS AFFECT TRUST IN BUSINESS COUNTRY OF ORIGIN INDUSTRY SECTOR LEADERSHIP ENTERPRISE TYPE BUSINESS All are showing similar patterns of a post-recovery increase in trust, followed by new declines in the last 12 – 18 months
  • 14. PG 14 50% 86% 82% 80% 78% 78% 78% 77% 76% 75% 74% 74% 69% 68% 67% 66% 82% 78% 71% 72% 71% 69% 70% 75% 74% 68% 67% 67% 59% 65% 59% TRUST IN INDUSTRIES 2014 VS 2015, DECLINES COMPARED TO 2014 INDUSTRY SECTORS: TECHNOLOGY-BASED INDUSTRIES DECLINE Q43-60. [TRACKING] Please indicate how much you trust businesses in each of the following industriesto do what is right. Again please use the same nine-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total. 2014 2015 More Trust Less Trust *% of countries in which trust decreased
  • 15. PG 15 44% 45% 72% 64% 75% 69% TRUST IN DIFFERENT TYPES OF BUSINESS, DEVELOPED (U.S., U.K., GERMANY, FRANCE, JAPAN) VS. DEVELOPING COUNTRIES (CHINA, INDIA, RUSSIA, MEXICO, BRAZIL) ENTERPRISE TYPE: DEVELOPING COUNTRIES MORE OPEN TO BIG BUSINESS Q15-17C. Thinking about different types of businesses, please indicate how much you trust each type of business to do what is right using a nine-point scale, where one means that you “do not trust them at all” and nine means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total. DEVELOPED COUNTRIES DEVELOPING COUNTRIES State-owned Big Business Family-ownedState-owned Big Business Family-owned SINGAPORE 60% 61% 48% State-owned Big Business Family-owned
  • 16. PG 16 87% 86% 84% 84% 84% 80% 79% 77% 76% 72% 61% 57% 48% 42% 39% 37% 36% 75% 74% 80% 80% 75% 74% 70% 72% 66% 64% 52% 45% 30% 29% 27% 26% 27% Q26-Q42. [TRACKING] Now we would like to focus on global companies headquartered in specific countries. Please indicate how much you trust global companies headquarteredin the following countriesto do what is right. Use the same 9-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust) Informed Publics. Most Trusted TRUST IN COMPANIES HEADQUARTERED IN THE FOLLOWING COUNTRIES 2014 VS 2015 SINGAPORE: BRIC COUNTRIES REMAIN DISTRUSTED 2014 2015
  • 17. PG 17 Q130-143.[TRACKING]Below is a list of people.In general,when formingan opinionof a company,if you heard informationabouta companyfrom eachperson,how crediblewouldthe informationbe--extremelycredible,very credible, somewhatcredible,or not credibleat all? (Top2 Box, Trust) InformedPublics,in Singapore. CREDIBILITY OF SPOKESPERSONS, 2014 VS. 2015 IN SINGAPORE LEADERSHIP: EXPERT AND “A PERSON LIKE YOURSELF” TWICE AS CREDIBLE AS CEO 70% 58% 69% 55% 52% 51% 51% 40% 59% 57% 52% 51% 49% 38% 37% 36% Academic or Industry Expert A person like yourself Company Technical Expert NGO Representative Government Official or Regulator Financial or Industry Analyst CEO Regular Employee 2014 2015 More Trust Less Trust
  • 18. PG 18 Lower/Equal Trust in 15 CountriesIncreased Trust in 12 Countries 50% TRUST IN MEDIA, 2014 VS. 2015 TRUST IN MEDIA: 60% OF COUNTRIES DISTRUST MEDIA 2014 2015 Q11-14. [MEDIA IN GENERAL] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right using a nine-pointscale where one means that you “do not trust them at all” and nine means that you “trust them a great deal.” (Top 4 Box, Trust) Informed Publics, 27-country global total. % Trust 53 78 70 71 60 45 48 40 40 35 42 30 19 79 70 61 63 55 58 59 54 48 63 54 41 44 37 40 51 80 79 76 62 51 50 48 47 44 43 42 20 77 59 57 56 52 47 46 45 43 41 40 38 34 34 31
  • 19. PG 19 Q178-182. When looking for general news and information,how much would you trust each type of source for general news and information? Please use a nine-point scale, where one means that you “do not trust it at all” and nine means that you “trust it a great deal.” (Top 4 Box, Trust) InformedPublics, in Singapore. TRUST IN EACH SOURCE FOR GENERAL NEWS AND INFORMATION IN SINGAPORE MEDIA SOURCES 73% 77% 79% 66% 63% 63% 67% 54%55% 52% 52% 54% 66% 72% 68% 70% 47% 54% 52% 46% 2012 2013 2014 2015 Traditional Media Online Search Engines Social Media Hybrid Media Owned Media
  • 20. PG 20 TRUST IN INFORMATION CREATED BY EACH AUTHOR ON SOCIAL NETWORKING SITES, CONTENT SHARING SITES AND ONLINE-ONLY INFORMATION SOURCES IN SINGAPORE MEDIA SOURCES TELEVISIONNEWSPAPERS ONLINE SEARCH The First Source for General Information The First Source for Breaking News Source Used Most to Confirm/Validate News Q183.On a typical day, what is the first source that you go to for general information about business? InformedPublics, InformedPublics,in Singapore. Q184.What is the firstsourceyou go to for breakingnewsaboutbusiness? InformedPublics,in Singapore. Q185.Whichof the followingsourcesdo you turnto MOSToftento confirm/validateinformationon breakingnewsabout business? InformedPublics,in Singapore. 43% 38% 31% 14% 14% 12% 28% 31% 37% 2013 2014 2015 28% 30% 26% 21% 20% 19% 30% 28% 29% 2013 2014 2015 32% 30% 26% 22% 18% 14% 28% 33% 37% 2013 2014 2015
  • 21. PG 21 Q387-396.Thinkingaboutthe informationyou consumeon social networkingsites,suchas Facebook, MySpace,LinkedIn,Meebo, Orkut,Qzone,RenRen,how muchdo you trusttheinformationpostedfrom each of thefollowingauthorsor contentcreators?(Top 4 Box, Trust)InformedPublics, in Singapore. Q397-406.Thinkingaboutthe informationyou consumeon contentsharingsites,suchas YouTube,how muchdo you trustthe informationpostedfrom each of the followingauthorsor contentcreators? InformedPublics, in Singapore. Q407 - 415 Thinkingaboutthe informationyou consumeon online-onlynewsand informationsources,suchas The HuffingtonPost, Buzzfeed,Techcrunch,etc.,how muchdo you trusttheinformationpostedfrom eachof the followingauthorsor content creators? InformedPublics, in Singapore. 34% 39% 45% 46% 49% 49% 54% 61% 69% 72% Brands I don’t use Celebrities A well-known online personality A company CEO Employees of a company Elected officials A journalist Companies I use An academic expert My friends and family TRUST IN INFORMATION CREATED BY EACH AUTHOR ON SOCIAL NETWORKING SITES, CONTENT SHARING SITES AND ONLINE-ONLY INFORMATION SOURCES IN SINGAPORE TRUSTED NEUTRAL DISTRUSTED CONTENT CREATORS
  • 23. PG 23 16 KEY ATTRIBUTES TO BUILDING TRUST INTEGRITY Has ethical business practices Takes responsible actions to address an issue or crisis Has transparent and open business practices ENGAGEMENT Listens to customer needs and feedback Treats employees well Places customers ahead of profits Communicates frequently and honestly on the state of its business PRODUCTS & SERVICES Offers high-quality products or services Is an innovator of new products, services or ideas PURPOSE Works to protect and improve the environment Addresses society’s needs in its everyday business Creates programs that positively impact the local community Partners with NGOs, government and 3rd parties to address societal needs OPERATIONS Has highly-regarded and widely-admired top leadership Ranks on a global list of top companies Delivers consistent financial returns to investors Edelman Trust Barometer research reveals 16 specific attributes that build trust. These can be grouped into five performance clusters listed here in rank order of importance. Q80-Q95. [TRACKING] How important is each of the following actions to building your trust in a company? Use a nine- point scale where one means that action is “not at all important to building your trust” and nine means it is “extremely important to building your trust” in a company. (Top 2 Box, Very/Extremely Important) Informed Public, 27-country global total.
  • 24. PG 24 16% 18% 17% 16% 18% 19% 18% 20% 23% 18% 21% 20% 17% 20% 19% 20% 25% 27% 28% 26% 33% 32% 37% 23% 45% 40% 48% 45% 39% 47% 46% 49% Delivers Consistent Financial Returns To Investors Ranks On A Global List Of Top Companies, Such As Best To Work For Or Most Admired Has Highly-Regarded And Widely Admired Top Leadership Partners With NGOs, Government And Third Parties To Address Societal Issues Addresses Society'S Needs In Its Everyday Business Creates Programs That Positively Impact The Local Community Works To Protect And Improve The Environment Is An Innovator Of New Products, Services Or Ideas Offers High Quality Products Or Services Communicates Frequently And Honestly On The State Of Its Business Places Customers Ahead Of Profits Listens To Customer Needs And Feedback Treats Employees Well Has Transparent And Open Business Practices Takes Responsible Actions To Address An Issue Or A Crisis Has Ethical Business Practices TRUST BUILDING ATTRIBUTES – LARGE GAP IN EXPECTATION VS. PERFORMANCE BUSINESS IMPORTANCE VS. COMPANY PERFORMANCE OPERATIONS PURPOSE PRODUCTS INTEGRITY ENGAGEMENT Gap -29 -26 -28 -27 -27 -26 -24 -26 -11 -22 -19 -19 -12 -14 -10 -9 Q80-Q95. [TRACKING] How important is each of the following actions to building your TRUST in a company? Use a nine-point scale where one means that action is “not at all important to building your trust” and nine means it is “extremely important to building your trust” in a company. Informed Publics, 27 Country Global Total. Q114-129. Please rate businesses in general on how well you think they are performing on each of the following attributes. Use a 9-point scale where one means they are "performing extremely poorly" and nine means they are "performing extremely well". Informed Publics, 27 Country Global Total. *Excludes don’t know responses
  • 25. PG 25 26% 29% 21% 23% 33% 54% 32% 28% 22% 30%32% 35% 38% 43% 29% 26% 29% 33% 39% 34% 10% 15% 15% 16% 11% OperationsPurposeProductsIntegrityEngagement Q197-201(Global Summary). We would now like you to think about different types of information you may read, see or hear about a company. For each topic, please select which person you trust MOST to provide you with credible and honest informationabout a company. Informed Publics, Singaporeand APAC average. MOST TRUSTED INFLUENCER TO COMMUNICATE EACH TOPIC INFLUENCERS: ACTIVIST CONSUMERS MOST TRUSTED COMPANY’S EMPLOYEECOMPANY CEO ACTIVIST CONSUMER ACADEMIC MEDIA SPOKESPERSON
  • 27. PG 27 THE PACE OF DEVELOPMENT AND CHANGE IN BUSINESS AND INDUSTRY GLOBAL VS SINGAPORE TODAY Q349-351. Below are a number of statements.For each, please think about the pace of development and change in business and industry today, and select the responsethat most accurately representsyour opinion. (Not Enough, Too Much) InformedPublics, in Singapore. TRUST IN BUSINESS INNOVATION 73% Too Fast7% Too Slow 19% Just Right 51% Too Fast28% Too Slow 19% Just Right
  • 28. PG 28 25 35 45 55 65 75 85 95 25% 35% 45% 55% 65% 75% 85% TRUSTININSTITUTIONS(TRUSTINDEX) TRUST IN RECENT BUSINESS INNOVATIONS (AVERAGE) Data from Table 574 RELATIONSHIP OF TRUST IN INSTITUTIONS (TRUST INDEX) AND AVERAGE TRUST IN RECENT BUSINESS DEVELOPMENTS Q355-359. Below are a number of recentdevelopmentsin business and industry. To what degree do you trust each of these recent developments? Informed Publics, 27-country global total. Q11-14. Below is a list of institutions. For each one, please indicate how much you trust that institutionto do what is right using a nine-point scale, where one means that you do not trust them at all and nine means that you trust them a great deal. InformedPublics, 27-country global total. TRUST AND BUSINESS INNOVATION: HIGHER TRUST CREATES THE OPPORTUNITY FOR FASTER INNOVATION UAE IND BRA MAL SING MEX GLOBAL US ARG ITA S.KO NETH GER JAP FRA CAN AUS SWE IRE TUR POL S.AF HK SPA U.K.RUS INDO CHI
  • 29. PG 29 73% 63% 43% 40% 34% 25% 62% 69% 31% 58% 25% 35% NEW TECHNOLOGICAL ADVANCEMENTS BUSINESS GROWTH TARGETS A DESIRE TO IMPROVE PEOPLE'S LIVES GREED/MONEY A DESIRE TO MAKE THE WORLD A BETTER PLACE PERSONAL AMBITION APAC Singapore DRIVERS OF CHANGE IN BUSINESS AND INDUSTRY TODAY ARE PERCEIVED TO BE: IN SINGAPORE, INNOVATIONS PERCEIVED AS DRIVEN BY BUSINESS TARGETS AND GREED/MONEY AS WELL AS TECHNOLOGY Q353. From the list below, what do you believe are the top three drivers of change in business and industry today? Informed Publics, Singaporeand APAC average.
  • 30. PG 30 35% 44% 41% 33% 36% 39% 17% 13% 8% 14% 8% 8% Business Financial Services Industry Health Industry Technology Industry Energy Industry Food and Beverage Industry 2014 TRUST BAROMETER: 54% say the most important role for government in business is to protect consumers and regulate business NOT ENOUGH REGULATION TOO MUCH REGULATION GOVERNMENT REGULATION OF BUSINESS AND ACROSS INDUSTRY SECTORS IS PERCEIVED TO BE: BUSINESS INNOVATION: NOT ENOUGH GOVERNMENT REGULATION Q148. [TRACKING] When it comes to government regulation of business, do you think that your governmentregulates business too much, not enough or the right amount? (Not Enough, Too much) Informed Publics, Singapore. Q262/Q263/Q264/Q381/Q382. When it comes to governmentregulation of the [financial services industry / energy industry / food and beverageindustry / health industry / technology industry],do you think that your governmentregulates it too much, not enough or the right amount? (Not Enough, Too much) Informed Publics, Singapore.
  • 31. PG 31 ACTIONS THAT INCREASE TRUST IN INDUSTRY TO IMPLEMENT TECHNOLOGY CHANGES IN SINGAPORE Q365-369. Below is a number of actions that could impact your trust in business and industry to developand implement technology-led changes such as those you just evaluated. What impact would each of theseactions have on your trust? Informed Publics, in Singapore. Q349-351. Below are a number of statements. For each, please think about the pace of development and change in business and industry today, and select the responsethat most accurately representsyour opinion. (Not Enough, Too Much) Informed Publics, in Singapore. TRUST IN INNOVATION Make test results available publicly for review 80% Run a clinical trial or beta test 72% Partner with an academic institution 68% Partner with an NGO 67% Partner with government 66% 62% AGREE: New developments are not tested enough
  • 32. PG 32 TRUST IN RECENT DEVELOPMENTS IN BUSINESS AND INDUSTRY, DEVELOPED COUNTRIES (U.S., U.K., GERMANY, FRANCE, JAPAN) VS. DEVELOPING COUNTRIES (CHINA, INDIA, RUSSIA, MEXICO, BRAZIL) Q355-359. Below is a number of recent developments in businessand industry.To what degree do you trust each of these recent developments? Informed Publics, 27-country global total. BUSINESS INNOVATION: DEVELOPING MARKETS MORE OPEN TO CHANGE +29 +19 +26 +21 +6 83% 72% 71% 60% 37% 54% 53% 45% 39% 31% Electronic and Mobile Payments Electronic and Personal Health Trackers Cloud Computing Hydraulic Fracturing Genetically Modified Foods DEVELOPING COUNTRIES DEVELOPED COUNTRIES … but do not take customers in developing markets for granted. 50%
  • 33. PG 33 Q360-364: Now thinkingspecifically about each of the following industries, how much do you trust them to responsibly develop and releaseeach of these recent developments? (Showing % who trust, rated 6-9). Informed Publics, in Singapore. Q43-60. Please indicate how much you trust businessesin each of the following industries to do what is right. Again, please use the same nine-point scale, where one means that you “do not trust them at all” and nine means that you “trust them a great deal.” Informed Publics, in Singapore. TRUST IN INDUSTRIES’ ABILITIES TO RESPONSIBLY DEVELOP AND RELEASE INDUSTRY-SPECIFIC DEVELOPMENTS, COMPARED TO TRUST IN INDUSTRIES IN SINGAPORE 44% 58% 58% 60% 60% 71% 82% 59% 69% 75% Financial Services Electronic Payments Health Personal Health Trackers Technology Cloud Computing Energy Hydraulic Fracturing Food & Beverage Genetically Modified Foods TRUST INDUSTRY SECTOR TRUST INDUSTRY TO IMPLEMENT EACH DEVELOPMENT -15 -9 -1 -24 -27 Gap Trust in Industry Sector vs. Trust in Industry to Innovate BUSINESS INNOVATION
  • 34. PG 34 TOWARDS TRUSTED INNOVATION A REQUIRED SET OF ACTIONS BehaveSolve Engage Fundamentally, organizations must conduct itself with new rigor and self- awareness. A commitment to robust relationships, transparency and consistency in reporting, active listening to stakeholders’ concerns and a willingness to modify products and services is required. Ultimately this is an action of leadership, culture and conduct. Organizations must continue to apply its unparalleled perspective and skill to the world’s greatest problems. Organizations must bring ideas and products to market that yield benefit, while ensuring the public sees the connection between new developments and societal benefit. Innovative product and service solutions should be recognized by stakeholders as more than profit-drivers. Organizations must adopt a new framework rooted in facilitating dialogue, sharing information and fostering collaboration. Realizing that new developments do not speak for themselves, organizations must actively engage a broad range of stakeholders to facilitate greater understanding through stories that reach and touch their audiences. Organizations must explain benefits completely, elucidate the technology behind the innovations and communicate its ethical practices in bringing those discoveries to market. A organization that does this well is one that invites partnership, encouraged feedback and interaction and listens openly.
  • 35. PG 35