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The value of brand trust

Authors: Mark E. Mckinney; Amber Benson;

The value of brand trust

Abstract

In the new era of marketing, the Relationship Era, dominated by highly-sceptical consumers who communicate displeasure quickly and broadly, brands must put a premium on creating trust with people. Real trust extends beyond simply keeping functional promises. Keeping promises results in high credibility, but real trust is based upon maintaining credibility and deepening two other factors: care and congruency. Developing this three-tiered trust gives the brand a more sustainable position with people, one that requires less marketing spend and results in greater loyalty. This paper defines these three trust-building factors, gives examples of how brands have used all three to create trust, and shows brands how certain mistakes are easy to recover from and how others are deadly. The paper also highlights the importance of brands staying true to their purposes and practising a transparent model of operation to reinforce authenticity and to cement sustainable, trust-based relationships with people.

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    10
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
10
Top 10%
Average
Average
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