competing on transparency 10 june
DESCRIPTION
Transparency. Why it's changing the world and what you should do about it.TRANSCRIPT
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Organic Exchange, London 10 June 2008:
“Competing on Transparency”
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© Copyright Glasshouse Partnership
What is it?
Why is it happening?
What does it mean for your business?
Who is affected?
How should you respond?
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Transparency
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1. What is Transparency?
“ Improving the flow of relevant information, to empower stakeholders to make better decisions”
(thereby enabling more sustainable relationships)
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2. Why?
doubt
regulation
risk
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infomediaries
standardisation
accountability
social web
process brands
integrity
Drivers AcceleratorsEnablers
Anticipate Social Issues
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3. What?
Product advocacy
Flexible brands
Category innovation
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Co-creation .
Supply-chain collaboration
Stakeholder Endorsement
Shopper Engagement
Backstory Promotion
Corporate Branding
Revenue Relationships Reputation
Embrace Corporate Marketing
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4. Who?
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Ethical
High involvement
Relationship-seekers
Educated
Civically engaged
Info-seekers
Industries Brands Communities
Understand Stakeholders’ Decision-making
Globalised
Mature
Shopper-led
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5. How?
Vision
Mission
Values
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Social Insight
Materiality
Brand Story
Social marketing
Sustainability
Internal marketing
Strategy Planning Campaigning
Build your ‘Brand Assurance’ plan
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How 2: The 5 Critical Success Factors
1.Anticipate stakeholders’ decision needs
2.Identify the most critical touchpoints
3.Decide you to differentiate your ‘data’
4.Tell your brand story
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THINK MULTI-STAKEHOLDER
Information-needs
Touch-points Data-value-add
Brand Backstory
Who needs information disclosure from you?
What information do they need to make decisions?(info/endorsement)
Where do they search for and access that information? (tools/locations)
How can you add value to data at these decision-points? (colour/texture)
How can you tell your brandstory to build better relationships?(stories/images)
Suppliers[Processors][Input providers]
Customers[Shoppers][Consumers]
Investors[Funds][Individuals]
Civil Society[Standard-setters][Activists]
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5 Critical Success Factors
1.Profile stakeholders’ decision needs
2.Identify critical touchpoints
3.Decide how to differentiate your data
4.Tell your brand story
5. Connect the knowledge-based conversations
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Stakeholdercluster
Information needs
Touch points
Data value-add
Brand backstory
Who needs information disclosure from you?
What information do they need to make decisions?(info/endorsement)
Where & how do they search for and access that information? (tools/locations)
How can you add value to data at these decision-points? (colour/texture)
How can you tell your brand story to build better relationships? (stories/image/vircal)
Suppliers[Processors][Input providers]
Customers[Shoppers][Consumers]
Investors[Funds][Individuals]
Civil Society[Standard-setters][Activists]
CONNECTING CONVERSATIONS…
What are their common knowledge needs? How well are you addressing them?
Which are the critical knowledge-hubs? What tools could enable better flow between them?
What are stakeholders’ access/useability expectations? How can make your knowledge viral?
Which pieces of your brand story are most relevant? How can you link knowledge back to your brand?
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1. Understand the stakeholder’s decision-flow…
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AwarenessConsideration
‘Purchase’
Preference
Reinforcement
AdvocacyEngagement
Involvement
Brand Activism
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1.1 Identify critical knowledge-needs…
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AwarenessConsideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Brand Activism
Why does this brand exist?
How do I find out more?
Why is it relevant to me?
Why should I act now?
How will it improve my life?
How does it perform over time?
Why should I get more involved?
How do I get involved?
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1.1 Identify critical knowledge-needs…
14
AwarenessConsideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Brand Activism
Why does this brand exist?
How do I find out more?
Why is it relevant to me?
Why should I act now?
How will it improve my life?
How does it perform over time?
Why should I get more involved?
How do I support this brand?
Category information
Functional information
Design information
Ethical information
Logistical information
Environmental information
Social information
Provenance information
Anticipation of future impact
Engagement with past history
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2. Understand your key touchpoints…
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AwarenessConsideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Brand Activism
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2.1 Map your key touchpoints…
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Awareness
Consideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Logo
sLa
bels
Pack
agin
gIn
-sto
re
Prin
t
Out
door
Web
Broa
dcas
t
WoM
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2. Map your key touchpoints?
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Awareness
Consideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Logo
sLa
bels
Pack
agin
gIn
-sto
re
Prin
t
Out
door
Web
Broa
dcas
t
WoMDM
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2.1 Drive information to the point of decision
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Awareness
Consideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Logo
sLa
bels
Pack
agin
gIn
-sto
re
Prin
t
Out
door
Web
Broa
dcas
t
WoMDM
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3. Understand where you can add value to your data…
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AwarenessConsideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Brand Activism
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3.1 Add value to your ‘data’…
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Awareness
Consideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Dat
aIn
form
atio
n
Know
ledg
e
Insigh
tsSt
orie
s
Evid
ence
Caus
es
Tool
s
Cam
paig
ns
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3. Add value to your ‘data’?
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Awareness
Consideration
‘Purchase’
Preference
Reinforcement
Advocacy
Engagement
Involvement
Dat
aIn
form
atio
n
Know
ledg
e
Insigh
tsSt
orie
s
Evid
ence
Caus
es
Tool
s
Cam
paig
ns
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4. Understand what brand story you are telling with Organic?
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Collective
Individual
Environmental
Social
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4. cont’d Understand what brand story you are telling with Organic?
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Collective
Individual
Environmental
Social
PurityHealthy
Naturalness
Back to nature
Guilt-free
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4.1 Think how Organic meshes with your own brand story?
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Collective
Individual
Environmental
Social
M&S
Quality?
M&S Plan
A?
Look behind the label
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4. 2 What brand story are you telling with Organic?
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Collective
Individual
Environmental
Social
The transparency gap
The connectivity gap
The corporate marketing gap
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5. Connecting Knowledge…
Knowledge-needs
Touch-points Knowledge-value-add
Brand Backstory
Who needs information disclosure from you?
What knowledge do they need to make decisions?(info/endorsement)
Where do they search for and access that information? (tools/locations)
How can you add value to knowledge at these decision-points? (colour/texture)
How can you tell your brandstory to build better relationships?(stories/images)
Suppliers[Processors][Input providers]
Customers[Shoppers][Consumers]
Investors[Funds][Individuals]
Civil Society[Standard-setters][Activists]
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Speaker biography
Tim Kitchin, Partner
Tim Kitchin is a broad-based brand communications expert with extensive experience of CSR, environmental and policy-making arenas. His passion is to help organisations develop more sustainable stakeholder relationships.
Tim is a founding partner of stakeholder marketing specialists, Glasshouse Partnership, and an associate senior adviser to ethical thinktank AccountAbility,
His is also member of brand think-tank, the ‘Medinge Group’, responsible for the annual ‘Brands with a Conscience’ awards.
Tim was a member of the international advisory panel for the UN Environment Programme’s ‘Talk the Walk’ initiative and was special editor of the journal of brand management for its first issue on CSR.
He was a co-author of ‘managing corporate reputations’ and ‘Beyond Branding’ (both Kogan Page).
Contact: [email protected]