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Posts Tagged With: "Bernie Madoff"

Steps to (re)building trust [series]

Posted by Ben Decker   |   September 30th, 2011   |   1 Comment   |  Tweet This

 

“Do you trust most people?” This was the simple question asked in a survey done in 1960 and again in 1993. In 1960, 58% of respondents said yes. In 1993… just 37%.

With recent leaders like BP CEO Tony Hayward bumbling through press conferences with “I want MY life back,” Dr. Conrad Murray and Bernie Madoff (no explanation necessary for either!), to the housing crisis where many people found themselves in trouble for heeding their “advisor’s” advice, it’s not surprising – we’re conditioned to look over our shoulder and wonder, “What’s the motive here? Can I trust this person?”

Even opening a basic checking account is a questionable experience. Sure, the account is free now, but what kind of fees am I going to see a few months down the line? Considering all of this, we can pretty confidently assume the trust percentage has continued to decrease.

This proves a challenge when connecting with customers and clients. Not only are they more risk averse, but also they’re smart consumers with access to information and motivated to look up the real differences (if any) between you and your competitors.

You have to differentiate yourself by offering them a better experience than anyone else. Knowing that, it’s vital to focus time and resources on building and maintaining trust with your clients. But how? We’re doing a series of posts that offer tips to tackle this otherwise nebulous concept.

The First Step

Listen. It’s a critically important (and very frequently forgotten) element of communication, especially when building trust.

If you only consider your angle, your promotional marketing lingo and buzzwords, what you have to offer, you’re missing out on a major component of message creation: the audience. The first thing you must do before creating any sort of message, even before thinking of a point of view or thesis, is consider them.

  • What does my audience care about? (budget, time, hitting quota, lessening workload?)
  • Why are they taking the time to talk to me?
  • Do they have any preconceptions?
  • Are they big picture driven (usually upper management), or more about the facts and figures (typically middle-management)?
  • What could make them resistant?

This goes for talking to prospective and current clients alike. Take the time to listen to them and THEN craft a message around their concerns, objectives, and priorities. Not only will you be able to formulate your ideas around what will matter to them, but they’ll feel heard and acknowledged. You’ll come across as someone credible who understands them and cares. So simple, yet, again, so frequently forgotten.

Remember, you’re not just taking the meeting to give information, data dump on them, and promote yourself. You’re listening to their current concerns to better understand them and then influence them to take action.

Many people like Seth Godin are getting creative with trust-building initiatives, so please share anything you’ve tried, successful or not!

Stay tuned for the next steps for rebuilding trust in the coming weeks.


Categories: Communication Skills, Leadership and Communications
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Tiger or Tomcat: Perception vs. Reality

Posted by Bert Decker   |   December 9th, 2009   |   9 Comments   |  Tweet This

tiger Smile

Perception vs. Reality

Some don’t want to hear any more about Tiger Woods, some can’t get enough of the story, and I suppose there are even a few who don’t know what I’m talking about. This post should satisfy everyone since it isn’t all about Tiger Woods, but he triggered the thought.

From Top Ten to Bottom Ten

I’m in the process of finalizing my annual Top Ten Best (and Worst) Communicators of 2009, and a few weeks ago Tiger was on the Best List. He is the first Tiger Nikeone ever to go from Best to Worst in the space of a week — because the perception was NOT the reality. (This will be a classic case history on how NOT to communicate in a media crisis.)

I’ve always said and firmly believe that the communications experience you create when you speak (both publicly and one-on-one) dominates how people think and feel about you. And as Abraham Lincoln said,

LincolnQuote

Perception is reality in the eye of the perceiver. And perception remains reality – until there’s dissonance.

Those who communicate well:

Real life reality ultimately catches up to those who might be great communicators, and are believed and heard, until it is seen that they don’t walk their talk. The political, corporate, and sports landscapes are strewn with examples: Bill Clinton, Mark Sanford, Larry Craig, John Edwards, Rod Blagojevich, Elliot Spitzer, Ken Lay, Martha Stewart, Bernie Madoff, Leona Helmsley, OJ Simpson, Pete Rose, Kobe Bryant, and many, many more…

– and now Tiger Woods.

It’s interesting that there can be redemption, but unfortunately it is rare. How many of those mentioned above actually recovered? Only three to date – Clinton, Martha, Kobe. And communications led the way.

Those who communicate poorly:

Also interesting is that there just aren’t very many examples of those who excelled in their fields, were not very good communicators, and fell from grace. They never really had a chance for high-level perception fame – and because of continuing lack of communication skills a low-level chance at redemption. Two examples come to mind:

Mark McGwire

Mike Tyson

Bottom line, if you communicate well, you have a great launching pad for success. You can wield great influence and celebrity. Communicating is important – even critical – to the highest success in the public market place. But if the perception is not matched by the reality of how one lives, he or she will ultimately fall. And though the best communicators will reach the highest peaks, yet they will also fall the farthest.

Tiger Woods better get to talking.


Categories: Communication Skills, Speakers
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