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Trust in the Brand and Values

By Steve | September 24, 2007

In our ethics and compliance universe focused on avoiding scandals and prosecutions, we can sometimes forget the greatest value ethics programs can add to a company. James Stengel, the Global Marketing Officer for P&G hasn’t. Stengel oversees the world’s largest advertising budget—$6.7 billion—and had this to say in a recent interview with Geoff Colvin in Fortune:

Geoff Colvin: You are in a great position to evaluate consumer trends. What is the most important thing you are seeing?

James Stengel: The biggest thing going on with consumers is that they want to trust something. They want to be understood, they want to be respected, they want to be listened to. They don’t want to be talked to. It’s trust in the largest sense of the word. People really do care what’s behind the brand, what’s behind the business. They care about the values of a brand and the values of a company. We can never forget that. We can never be complacent about that.

This is an enormous phenomenon, enabled by technology in many ways. Businesses and brands that are breaking records are those that inspire trust and affection and loyalty by being authentic, by not being arrogant, and by being empathetic to those they serve.

He is a marketer, and a good one.

“People . . . care about the values of a company. We can never forget that. We can never be complacent about that.”

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ELG was founded in 1993 and has since done work in more than 40 countries with over 25% of the Fortune 200

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This blog contains personal reflections and commentary on corporate responsibility by the consultants of Ethical Leadership Group. It is intended to communicate short, timely items of interest to our clients and colleagues. We look forward to your comments. Please visit our Ethics and Compliance Blog for more general ethics and compliance issues.

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Climate Change: Tilting at Windmills - the rush on renewables
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Hewlett-Packard and ‘pretexting’ - A rose by any other name
from the website of Ethical Corporation Magazine

Starting to ‘Get’ Responsibility
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Invite Your Lawyers to the Corporate Responsibility Dance
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The Anti-CSR Lobby: House of Straw
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Making the Business Case for the Business Case
from Ethical Corporation Magazine

Ethical Reporting and the Law
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Ethical Sourcing – Good News for Industry-wide Initiatives
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When Mars meets Venus
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Reputation Roulette
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TXU Takeover – How Capitalism is really Turning Green
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Corporate America's Hidden Risks
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Win or Lose in Court
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