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« EuroBlog 2006 Initial Results | Main | First, One Must Understand Capital »

February 01, 2006

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True words, indeed. Maybe the fear of CEOs has something to do with the fact that most satisfied customers aren't heard or seen. Only the complainers get attention. A bit like in the media: good news is no news. On the other hand: that's probably where a (social media) opportunity for companies lies? If, of course, done with credibility. And that's probably what companies are looking for today. And what they are still in doubt about. If you (or other experts in the field) could shed some light on that, there would be a lot of happy people out there.

rats I cannot remember the study, but I seem to recall one about how a vendor's quick responsiveness will reduce complaints and increase retention.

Funny thing negative news: if you allow individuals to express their concerns, listen to their views, and engage them in dialogue, the organization benefits.

This worked for me last week. We admitted a problem, indicated we were looking for solutions, and invited people to offer their input. In the long run, we may actually increase trust and improve our reputation.

Sounds like good old basic PR to me, Michael. Funny how we sometimes forget this actually works ;-).

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