The Algebra of Trust..

The Algebra of Trust and How the Virtual World is Playing Havoc with it!
We have all noticed that all too often online, feedback descends to trolling and then degenerates to hate on all sides. Why is that? Why does this honourable form of human commentary from one person to another rarely work online?

Fundamentally what has changed is the nature of trust and as trust changes, so do relationships precisely because of how we are hardwired to form connections with people. It is no surprise that trust in the virtual world is very fragile(though easier to establish initially). Feedback depends on trust. In face to face relationships where there is trust, when one side screws up, it would be causing anger, friction, resentment, mistrust to creep in. But, if the connection is strong enough, things can be salvaged, an apology rendered and trust can get restored. Indeed, once restored, the bond of trust maybe even stronger than what it was erstwhile.
It’s different in the virtual world- once trust is threatened, it’s instantly broken and almost impossible to reestablish. People simply move on. Since trust was fragile and on egg shells in the first place, it gets broken at the slightest provocation.
Let’s look at the resident flaws domiciled in virtual feedback. Firstly, there is much less of it because it is harder to give than face to face feedback. Secondly, virtual feedback is much less robust and more likely to cause irreparable harm. And as an extension of that a weaker feedback has far diluted meaning.
Though lacking the unconscious stream of emotional information we receive automatically from other people face to face, virtual feedback, less robust as it may be, still stings- why is that?
We humans are social beings; put us face to face, we share mirror neurons that allow us to match each other’s emotions unconsciously and immediately( more about Neurons and Narratives in a separate post). We leak emotions to each other. Yes. We anticipate and mirror each other’s movements when we are in sympathy or agreement- singing from the same hymn sheet shall we say. And we can mirror each other’s brain activity when we’re engaged in storytelling and listening-both halves of the communication conundrum.
All of that leaking and sharing creates intimacy, trust and connection. It fuels receptivity and interest in other people’s point of  view. There is a quest to achieve this state of human communion. Make no mistake- it’s wrong to think that most humans prefer the solitary life that so much of modern virtual life imposes on us. We’ re most comfortable when we are connected, sharing strong emotions and stories.
The virtual world in stark contrast is much less engaging. This stems from the fact that the forms of the virtual world lacks the emotional information we crave. With this we can segway into another critical aspect of the virtual era that has high premium written all over. The issue of authenticity. More on it at a later date in time.
As an aside: Do you think Twitter needs a crash course in Anger Management? It is said that your audience is the product– just a polite enquiry… ( Well it’s for a different discussion!).

ENDS

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The CMO’s wish list for 2018: An evolving list…

A lot of us are now on the drawing board mapping out ways to get better in 2018. The fundamentals are not going to change- reach, connect,engage, influence, transact and all of that- but what could we do to better stimulate the landscape as we get set to welcome and take on the New Year. Here’s a partial(and ever evolving list):-

a) A new BHAG of tricks: Nothing brings together a team like a BHAG — a Big Hairy Aggressive Goal —without enough time to deliver it. Backs to the wall brings out the best in us!

b) Am not alluding to the fact of disrespecting the organisation chart but don’t obsess over it on paper.Instead, get the right people, the right goals and vitally, the right trust in place.

c) And for all the HeRoines and HeRoes in HR, recruit with an immersion, not just an interview. Align passion with goals.Basic, yes! Hire marketing leaders with general management skills to ensure results exceed individual contribution.

d) When things are working well, that is the best time to deconstruct your strategy and try new things.

e) If you are in a new category where your customers need a lot of education and support, your organisation needs to be built around education first and products second.

f) Extend your approach to marketing beyond “getting a message out there”; focus on building trust.

g) Don’t overcomplicate marketing. At the end of the day, it’s still marketing: Market Research, Content, Sales enablement, Awareness, Demand generation, Partnerships, Customer retention.Customer advocacy.

h) When you’re the underdog in your industry, hire people with the DNA to creatively leapfrog the competition, not follow the industry norms. You need to have your Purple Cow(fantastic book by Seth Godin).

i) Own marketing across the organisation. Don’t be afraid to integrate marketers into other parts of the organisation, but always have at least a dotted line back to marketing.

j) Don’t be afraid of data and machine learning. The time is now to put all that data to use to solve the problems humans simply can’t and further the industry. The key is to leverage them as part of your team, not external resources. Data is the (K)new oil as they say! The transition even amongst large enterprises hitherto involved ion B 2 B marketing is happening towards a B to I space(Business to Individual).

k) The best marketing combines data and storytelling. It gives you a way to appeal to the emotional side of people. The Unique Feelings Proposition is what brands need to go after!

l) The future of marketing is in the CeX(Customer Experience). Success comes from knowing your consumers’ passions, being innovative in the way you engage them and having a team that collaborates across all aspects of the customer experience delivery. For consumers, the thrill and purpose of experience has replaced the earlier compulsion for ownership. So ride the opportunity.

m) Marketers will know that The Future of Advertising will be a thing of the past. So, re invent, re engineer, re boot and re calibrate! There is a new customer segment: the Customer Segment of 1. Get ready to reach out to them. Address mindsets, not demographics!

n) As we are all agreeing these days, digital is just as much marketing as marketing is digital. So the two roles have combined, and how! It’s a tell, tell, tell, digitell world.

o) Brands and marketers will recognise the immense power of Transparency and how consumers warm up to brands who are not afraid to stand in their own truth. In a Post Truth world, The Future is Transparency!

Marketing has the power, and responsibility, to inspire the whole company, not just customers. Marketing also has the power to be so much more than the “make it pretty” department.It has the imperative to inspire everyone in the company, not just the people who touch the product.So, let us know our rockets from our launch pads.

For inspiring quotes and actionable intelligence from brand owners and marketing champions, please check this link http://groupisd.com/isd-brochure/

ENDS

www.groupisd.com

www.brandknewmag.com

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