edelman trust barometer 2013 ireland learnings
DESCRIPTION
An overview of public trust in Ireland towards business, banking and government in 2013.TRANSCRIPT
IRELAND FINDINGS
OVERVIEW
1. The Trust Barometer Explained
2. Key Global Findings
3. The State of Trust
4. Trust in Business & Government
5. Sources of Information
6. Trust Building
7. Conclusions
3
2013
RISING INFLUENCE OF NGOS2001
FALL OF THE CELEBRITY CEO2002
EARNED MEDIA MORE CREDIBLE THAN ADVERTISING2003
U.S. COMPANIES IN EUROPE SUFFER TRUST DISCOUNT2004
TRUST SHIFTS FROM “AUTHORITIES” TO PEERS2005
“A PERSON LIKE ME” EMERGES AS CREDIBLE SPOKESPERSON2006
BUSINESS MORE TRUSTED THAN GOVERNMENT AND MEDIA2007
YOUNG INFLUENCERS HAVE MORE TRUST IN BUSINESS2008
BUSINESS MUST PARTNER WITH GOVERNMENT TO REGAIN TRUST2009
TRUST IS NOW AN ESSENTIAL LINE OF BUSINESS2010
RISE OF AUTHORITY FIGURES2011
THE FALL OF GOVERNMENT2012
CRISIS OF LEADERSHIP
EDELMAN TRUST BAROMETER IN RETROSPECT
MAIN THEMES OF 2013 TRUST BAROMETER
KEY GLOBAL FINDINGS
• Trust coming back post credit crisis but fragile• Crisis of Leadership
• Europe on wrong track, low trust in central banks• Governments perceived to be incompetent or corrupt• Business competent but behaving badly, wrong incentives• Large gap between expectations of business and performance• Ireland remains a Trust laggard• Banking sector facing critical challenge
STATE OF TRUST
GLOBAL 57 China 80 Singapore 76 India 71 Mexico 68 Hong Kong 67
Malaysia 64 Canada 62 Indonesia 62 U.S. 59 Netherlands 59 Brazil 55 Germany 55 France 54 Sweden 54 UK 53 Italy 51 Australia 50 Poland 48 S. Korea 47 Ireland 46 Argentina 45 Spain 42 Turkey 42 Japan 41 Russia 36
2011 20132012
DIS
TRU
STER
STR
UST
ERS
NEU
TRAL
Composite score is an average of a country’s trust in all four institutions. Informed Publics ages 25-64
GLOBAL 51China 76
Singapore 67India 65Indonesia 63Mexico 63Netherlands 61Hong Kong 61Canada 58Malaysia 57Italy 56Argentina 54Australia 53Brazil 51Sweden 49U.S. 49South Korea 44Poland 44U.K. 41Ireland 41France 40Germany 39Spain 37Japan 34Russia 32
EDELMAN’S TRUST INDEX: AFTER A YEAR HIGH OF DISTRUST IN 2012, SHIFT BACK TO NEUTRAL IN 2013
GLOBAL 55Brazil 80
Indonesia 74
China 73
Netherlands 73
Mexico 69
Singapore 67
Argentina 62
India 56
Italy 56
Canada 55
South Korea 53
Sweden 52
Japan 51
Australia 51
Spain 51
France 50
Poland 49
Germany 44
U.S. 42
U.K. 40Russia 40Ireland 39
6
Big Changes from 2008
Germany +19China +18Canada +14India +11
Big Changes from 2012
Germany +16France +14UK +12US +10
12% 14%16% 17%
TRUST ON THE RISE ACROSS INSTITUTIONS, BUT WEAK INTENSITY PERSISTS
TRUST A GREAT DEAL
19% 22%15% 17%
NGOS
BUSINESS
MEDIA
GOVERNMENT2012 2013 2012 2013
2012 2013 2012 2013
43% 48%53%
58%
52%57%
58%63%
TRUST IN INSTITUTIONS - GLOBAL
7Q11-14. [TRACKING] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right using a 9-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 2 Box, Trust a great deal and Top 4 Box, Trust) Informed Publics ages 25-64 in 20-country global total
8% 8%4% 6%
IRELAND – STILL DISTRUSTERS
TRUST A GREAT DEAL
18% 17%10% 8% NGOS
BUSINESS
MEDIA
GOVERNMENT2012 2013 2012 2013
2012 2013 2012 2013
35% 32%43%
44%
35%45%
53%
63%
TRUST IN INSTITUTIONS – IRELAND
8Q11-14. [TRACKING] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right using a 9-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 2 Box, Trust a great deal and Top 4 Box, Trust) Informed Publics ages 25-64 in Ireland
TRUST IN BUSINESS & GOVERNMENT
10
BUSINESS TRUSTED MORE THAN GOVERNMENT IN 16 OF 26 MARKETS SURVEYED TRUST IN BUSINESS VS. GOVERNMENT
GovernmentBusiness
GAP BETWEEN BUSINESS & GOVERNMENT GROWING Globally, largest gap since 2007*
Trust in Government62% of markets surveyed have
trust score below 50%
Trust in Business35% of markets surveyed have
trust score below 50%
Global
Mexic
oBra
zil
Argentina
Indonesia
Poland
IndiaSp
ain Italy
Japan
Irelan
dRussi
aU.S.
UK
Turk
ey
Australi
a
Mala
ysia
Canad
a
German
y
Netherla
nds
Hong Kong
Singa
pore
Fran
ce
Sweden
China
S. Kore
a
59%
82%
64%
49%
74%
56%
81%
44%
56%52%
44%
40%
62%
56%
47% 48%
63%
58%
48%
61% 60%
77%
44%
58%
74%
31%
50%
41%
33%
19%
47%
30%
57%
20%
35%32% 32% 29%
53%
47%
40%43%
60%58%
48%
62% 63%
82%
49%
65%
81%
44%
Q11-14. [Business in General and Government in General] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right using a 9-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust) Informed Publics ages 25-64 in 26-country global total and across 25 countries
50%
2013 CREDIBILITY OF CEOS VS. GOVERNMENT OFFICIALS/REGULATORS
Government official or regulator Credibility
CEO Credibility
11
MAJORITY OF MARKETS FIND BOTH GOVERNMENT AND BUSINESS LEADERSBELOW 50% IN THEIR CREDIBILITY RATING
Business leaders trusted less than 50% in 16 of 26 markets
Government leaders trusted less than 50% in 21 of 26 markets
Global
Argentina
Mexic
o
IndonesiaBra
zilIndia
Russia
Turk
ey
South
Korea
Irelan
dChina
Mala
ysia
Spain
Japan Ita
ly UK US
Poland
German
y
Fran
ce
Australi
a
Singa
pore
Netherla
nds
Sweden
Canad
a
Hong Kong
45%
52%
70%
55%52%
73%
41%
52%
34%36%
62%
55%
42%
22%
37%39%
43%
27% 28%
37%34%
54%
26%
40%
35%
48%
38%
18%
36%
22%
32%
54%
23%
35%
22% 25%
54%
48%
35%
15%
31%
36%
41%
25%27%
37% 36%
56%
32%
47%45%
60%
Q130-143. [TRACKING] (Credibility of CEOs and Government officials/regulators) Below is a list of people. In general, when forming an opinion of a company, if you heard information about a company from each person, how credible would the information be--extremely credible, very credible, somewhat credible, or not credible at all? (Top 2 Box, Very/ Extremely Credible) Informed publics ages 25-64 in 26 -country global total and across 25 markets
19% 27% 20% 18%
CRISIS IN LEADERSHIP – TRUST IN ETHICS AND MORALITY VERY LOWGLOBAL TRUST BUSINESS AND GOVERNMENT LEADERS TO DO THE FOLLOWING:
17% 17% 17% 14%
GOVERNMENT LEADERS
12
BUSINESS LEADERS
Q144A-147A. [SPLIT SAMPLE] How much do you trust business leaders and government leaders to do the following? (Top Box- Trust A great Deal) Informed publics across 26-country global total
TRANSPARENCY ISSUES
POOR PERFORMANCE/ INCOMPETENCE
LACK OF REGULATION OR CONTROL
WRONG INCENTIVES DRIVING POLICIES
CORRUPTION OR FRAUD
9%
45%
7%
15%
22%
TRANSPARENCY ISSUES
POOR PERFORMANCE/ INCOMPETENCE
LACK OF REGULATION OR CONTROL
WRONG INCENTIVES DRIVING BUSINESS DECISIONS
CORRUPTION OR FRAUD
6%
14%
20%
25%
32%
CORRUPTION/FRAUD IS A KEY REASON FOR DISTRUST IN BUSINESS AND GOVERNMENT, INCOMPETENCE IS A LEADING FACTOR FOR GOVERNMENT
MAIN REASONS FOR DECREASED BUSINESS AND GOVERNMENT TRUST – IRELAND (AMONG THOSE WHO REPORTED TRUSTING BUSINESS OR GOVERNMENT LESS OVER THE PAST YEAR)
REASONS FOR TRUSTING GOVERNMENT LESS
REASONS FOR TRUSTING BUSINESS LESS
57% 37%
13 Q22. [ASK IF TRUST GOVERNMENT LESS IN Q18] Which of the following is the main reason why your trust in government decreased over the last year?; Q24. [ASK IF TRUST BUSINESS LESS IN Q20] Which of the following is the main reason why your trust in business decreased over the last year? General Population in Ireland
14
Technology
Food and beverage
Automotive
Brewing and spirits
Telecommunications
Consumer packaged goods
Energy
Pharmaceuticals
Media
Financial services
Banks
64%
59%
56%
54%
53%
51%
45%
44%
40%
18%
15%
FINANCIAL SERVICES AND BANKS REMAIN LEAST TRUSTEDTRUST IN INDUSTRIES – IRELAND
20132012
Banks
Financial services
Media
Energy
Pharmaceuticals
Consumer packaged goods
Telecommunications
Automotive
Brewing and spirits
Food and beverage
Technology
17%
18%
34%
49%
51%
52%
53%
55%
55%
60%
74%
Q43-60. [TRACKING] Please indicate how much you trust businesses in each of the following industries to do what is right. Again, please use the same 9-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust) Informed publics ages 25-64 (only industries tracked from 2012 to 2013 shown) in Ireland
15
50%
2013
2008
-20-19
-25
-19-26
-24
-13 -25
-11
US Trust in Banking Industry has doubled over past two years, from 25% (2011) to
50% (2013) among Informed Publics 25-64.
SEVERE DROPS IN TRUST IN BANKS OVER FIVE YEARS, 2/3 OF MARKETS NOW BELOW 50% TRUST LEVELINDUSTRY SAW BOTTOM IN 2012 FOR UK/FRANCE/GERMANY, US BOTTOM WAS 2011TRUST IN BANKS – INFORMED PUBLICS AGES 35-64
GlobalChina
India
Mexic
oJap
an
Canad
a
S. Kore
aBra
zilU.S.
Russia
Poland
Sweden
Fran
ceIta
ly
Netherla
nds
German
y UKSp
ain
Irelan
d
56%
72%
83%
61%59%
49%
67%
52%
69%
53%
63%
51%
35%
26%
56%
42%
47%
45%
35%
45%
83%
80%
71%
60%59%
54%
49% 49%47%
44%
38%
32% 31% 31%
23% 22%19%
11%
Rating of Banks’ Performance in each of the following (Total Excellent/Good)
UK Germany France Italy Spain Ireland Nether-lands Poland Sweden Russia Turkey
Lending to small businesses X X X X X X X X X X O
Providing home mortgage loans X X X X X X X X O X O
Offering reasonable credit cards X X O X X X O X X X X
Trading and investing in government debt X X X X X X X X X X X
Ensuring the privacy & security of customers' personal information X O X X X O X O
Overseeing initial public offerings for companies X X X X X X X X X X
Trust in Banking Industry 29% 26% 34% 32% 22% 15% 31% 47% 41% 47% 35%
BANKS PERFORMANCE REPORT CARDRELATIONSHIP BETWEEN TRUST AND PERFORMANCE
Q151-156. Now, thinking more specifically about different actions banks can take, how would you rate banks’ or the banking industry’s performance in carrying out each of the following actions? (Total Excellent/Good) Q43-60. [Banking TRACKING] Please indicate how much you trust businesses in each of the following industries to do what is right. Again, please use the same 9-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust) Informed Publics ages 25-64 in UK, Germany, France, Italy, Spain, Ireland, Netherlands, Poland, Sweden, Russia, and Turkey
50%+ = 40-49% = O
<40% = X
SCORING KEY
37%
27%
2%2%
8%
23%
TRUST DEFICIT IN BANKS LINKED TO CULTURE
17
WHAT DO YOU THINK IS THE BIGGEST CAUSE OF THESE SCANDALS? – IRELAND (ASKED OF RESPONDENTS WHO ARE FAMILIAR WITH BANKING/FINANCIAL SERVICES SCANDALS OVER PAST YEAR)
66% of causes of scandals are internal and
within business’ control
CORPORATE CULTURE DRIVEN BY COMPENSATION/BONUSES
CORPORATE CORRUPTION
CONFLICTS OF INTEREST
CHANGES IN THE ECONOMY
BANKS ARE TOO LARGE
LACK OF REGULATION
Q160. How familiar are you with the banking/ financial services scandals that took place over the past year, specifically at Barclays, J.P. Morgan and Standard Chartered? ; Q161. [ASK IF FAMILIAR WITH BANKING/FINANCIAL SERVICES SCANDALS OVER PAST YEAR(Q160=VERY/SOMEWHAT FAMILIAR)] Based on the information you have read, seen or heard about the banking/ financial services scandals, specifically those at Barclays, J.P. Morgan and Standard Chartered, what do you think is the BIGGEST cause of these scandals? Informed Publics ages 25-64 in Ireland
18
TRUST IN THE EUROPEAN SYSTEM OF CENTRAL BANKS TO DO WHAT IS RIGHT FOR EUROPE
LOW TRUST IN THE SYSTEM OF CENTRAL BANKS IN SPAIN AND GERMANY
EU Spain Germany UK Sweden Poland Ireland Italy France Netherlands
37%
24%
34% 35% 35% 36% 38% 40% 41%
51%
43%
59%
49%45%
39%
45%40%
44%
36% 35%
Trust Central BanksDo not Trust Central Banks
Q205B. Please indicate how much you trust the European System of Central Banks to do what is right for Europe in general. Please use a 9-point scale where one means that you “do not trust it at all” and nine means that you “trust it a great deal” to do what is right for Europe in general. (Top 4 Box – Trust) (Bottom 4 Box – Do not Trust) Informed Publics ages 25-64 in the EU region, France, Ireland, Italy, Poland, UK, Spain, Sweden, Netherlands, and Germany
19
OVER THE PAST YEAR, WOULD YOU SAY THAT THINGS IN EUROPE ARE GOING IN THE RIGHT DIRECTION OR HAVE THEY GOTTEN OFF ON THE WRONG TRACK?
GENERAL CONSENSUS THAT EUROPE IS OFF ON THE WRONG TRACK
EU France Ireland Italy Poland UK Spain Sweden Netherlands Germany
28%
39%36%
29% 29%26% 25% 25% 24% 22%
61%
49% 51%
63% 62% 64%70%
66%61%
64%
In the Right DirectionOff on the Wrong Track
Q204B. Over the past year, would you say that things in Europe are going in the right direction or have they gotten off on the wrong track? Informed Publics ages 25-64 in the EU region, France, Ireland, Italy, Poland, UK, Spain, Sweden, Netherlands, and Germany
20
TRUST IN THE GERMAN GOVERNMENT TO DO WHAT IS RIGHT FOR THE EUROZONE IN RESOLVING THE DEBT CRISIS
NETHERLANDS, SWEDEN AND FRANCE MOST TRUSTING OF GERMAN GOVERNMENT TO RESOLVE THE DEBT CRISIS
DISTRUSTERSTRUSTERS NEUTRAL
EU Netherlands Sweden France UK Poland Germany Italy Ireland Spain
52%
81%
61%58%
54%51%
48%43%
40%
33%
202B. How much do you trust the German government to do what is right for the Eurozone in resolving the Eurozone debt crisis? Please use a 9-point scale where one means that you “do not trust the German government at all” and nine means that you “trust the German government a great deal” to do what is right for the Eurozone in resolving the Eurozone debt crisis. (Top 4 Box - Trust) Informed Publics ages 25-64 in the EU region, France, Ireland, Italy, Poland, UK, Spain, Sweden, Netherlands, and Germany
21
TRUST TO MANAGE THE CURRENT EUROZONE DEBT CRISIS
EUROPE DIVIDED ON WHO IS MOST TRUSTED TO SOLVE THE DEBT CRISIS
TRUST EU MORE THAN OWN GOVT TO MANAGE THE CURRENT EUROZONE DEBT CRISIS
EU France Italy Ireland Spain Poland Netherlands UK Germany Sweden
48%
68%64%
59%
50%
44%41% 40% 38%
32%32%
21%16% 18%
22%
32%
41%46% 44%
49%
European UnionYour National Government
203B. Who do you trust more to manage the current Eurozone debt crisis: [ROTATE:] your national government or the European Union? Informed Publics ages 25-64 in the EU region, France, Ireland, Italy, Poland, UK, Spain, Sweden, Netherlands, and Germany
SOURCES OF INFORMATION
23
N/A
50%
STEADY GROWTH IN TRUST IN MEDIA OVER TIME;RESULT OF DIVERSIFICATION OF OPTIONS AND STRONG COVERAGE OF SCANDALS
TRUST IN MEDIA
2008 50% of markets surveyed have a trust score 50% or above 2013 62% of markets surveyed have a trust score 50% or above
GlobalChina
India
Indonesia
Singa
pore
Hong Kong
Brazil
Mexic
o
German
y
Canad
a
Mala
ysia
Netherla
nds
Fran
ceU.S.
Sp
ain Italy
S. Kore
a UK
Sweden
Argentina
Irelan
d
Poland
Japan
Australi
aRussi
a
Turk
ey
52%
79%
70%
80%
65%65%
61%65%
42%
54%
47%
61%
41%
45% 46%
57%
45%
37%38%
49%
35%
48%
36%
43%
33%
57%
81%79%
77%
70%68% 66% 66%
61% 61% 60%
57% 54%51%
50% 50%49% 47% 47% 47%
45% 45%43% 42%
38%
26%
2012
2013
Q11-14. [Media in General TRACKING] Below is a list of institutions. For each one, please indicate how much you trust that institution to do what is right using a 9-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust) Informed Publics ages 25-64 in 20 country global total (excludes Argentina, Hong Kong, Malaysia, Singapore, Turkey and UAE) and across 25 countries
TRADITIONAL MEDIA ONLINE SEARCH ENGINES
HYBRID MEDIA SOCIAL MEDIA OWNED MEDIA
63% 62%
51%44% 43%
58%51%
42%
29%33%
71%75%
66% 65%58%61%
52%
41%
31%35%
64%
43%37%
19% 22%
Global Developed Emerging EU Ireland
TRADITIONAL MEDIA STILL MOST TRUSTED IN IRELANDTRUST IN TYPES OF MEDIA SOURCES FOR GENERAL NEWS AND INFORMATION
24
Q178-182. When looking for general news and information, how much would you trust each type of source for general news and information? Please use a 9-point scale where one means that you "do not trust it at all" and nine means that you "trust it a great deal". Informed Public in 26-country global total, Developed (US, UK, France, Germany and Japan) vs. Emerging Markets (Brazil, Mexico, Russia, India and China); EU Region; Ireland
Academic or expert
Technical expert in the company
A person like yourself
Financial or industry analyst
NGO representative
Regular employee
CEO
Government official or regulator
69%
67%
61%
51%
51%
50%
43%
36%
TRUSTED SOURCES ARE EXPERTS AND PEERS CREDIBLE SPOKESPEOPLE
Government official or regulator
CEO
Financial or industry analyst
NGO representative
Regular employee
A person like yourself
Technical expert in the company
Academic or expert
29%
38%
46%
50%
50%
65%
66%
68%
20132012
25
74%
60%
54%
46%
54%
54%
36%
25%
2013
Q130-143. [TRACKING] Below is a list of people. In general, when forming an opinion of a company, if you heard information about a company from each person, how credible would the information be--extremely credible, very credible, somewhat credible, or not credible at all? (Top 2 Box, Very/ Extremely Credible) Informed publics ages 25-64 in 20 country global total (excludes Argentina, Hong Kong, Malaysia, Singapore, Turkey and UAE) and Ireland (only spokespeople tracked from 2012 to 2013 shown)
TRUST BUILDING
27
PARTNERS WITH NGOS, GOVERNMENT AND THIRD PARTIES TO ADDRESS SOCIETAL ISSUES
RANKS ON A GLOBAL LIST OF TOP COMPANIES, SUCH AS BEST COMPANIES TO WORK FOR OR MOST ADMIRED COMPANIES
DELIVERS CONSISTENT FINANCIAL RETURNS TO INVESTORS
HAS HIGHLY-REGARDED AND WIDELY ADMIRED TOP LEADERSHIP
IS AN INNOVATOR OF NEW PRODUCTS, SERVICES OR IDEAS
ADDRESSES SOCIETY'S NEEDS IN ITS EVERYDAY BUSINESS
CREATES PROGRAMS THAT POSITIVELY IMPACT THE LOCAL COMMUNITY IN WHICH THE COMPANY OPERATES
WORKS TO PROTECT AND IMPROVE THE ENVIRONMENT
COMMUNICATES FREQUENTLY AND HONESTLY ON THE STATE OF ITS BUSINESS
HAS TRANSPARENT AND OPEN BUSINESS PRACTICES
HAS ETHICAL BUSINESS PRACTICES
TAKES RESPONSIBLE ACTIONS TO ADDRESS AN ISSUE OR A CRISIS
OFFERS HIGH QUALITY PRODUCTS OR SERVICES
PLACES CUSTOMERS AHEAD OF PROFITS
TREATS EMPLOYEES WELL
LISTENS TO CUSTOMER NEEDS AND FEEDBACK
10%
17%
15%
17%
26%
17%
17%
19%
17%
17%
19%
20%
36%
15%
20%
24%
30%
30%
32%
37%
37%
46%
46%
53%
55%
59%
61%
61%
62%
62%
66%
67% -43
-46
-47
-26
-41
-42
-42
-38
-34
-29
-29
-11
-20
-17
-13
-20
TRUST BUILDING ATTRIBUTES – LARGE GAP IN EXPECTATION VS. PERFORMANCEBUSINESS IMPORTANCE VS. COMPANY PERFORMANCE – IRELAND
GapImportancePerformance
Q80-Q96. [TRACKING] How important is each of the following actions to building your TRUST in a company? Use a nine-point scale where one means that action is “not at all important to building your trust” and nine means it is “extremely important to building your trust” in a company. (Top 2 Box, Very/ Extremely Important) General Population in Ireland (excludes ‘Don’t Know’ responses Q114-Q129. Please rate [INSERT COMPANY] on how well you think they are performing on each of the following attributes. Use a nine-point scale where one means they are performing “extremely poorly” and nine means they are performing “extremely well”. (Top 2 Box, Performing Very/ Extremely Well) General Population in Ireland
28
SKEPTICISM AND DISPERSION REQUIRES REPETITION
4% ONCE (1)
14% TWICE (2)
64% THREE TO FIVE TIMES
12% TEN OR MORE TIMES (10+)
6% SIX TO NINE TIMES (6-9)
29% FOUR OR FIVE TIMES (4-5)
MAJORITY NEEDS TO HEAR COMPANY INFORMATION 3-5 TIMES TO BELIEVE MESSAGES
35% THREE TIMES (3)
Q165. [TRACKING] Think about everything you see or hear every day about companies, whether it is positive or negative. How many times in general do you need to be exposed to something about a specific company to believe that the information is likely to be true? (Provide Space to Insert Number) Informed Publics Ages 25-64 in 26-country global total (excludes Don’t Know Responses)
Series119%
33%
67%
73%
30%
44%
54%
75%
85%
Bought shares
Paid more for products/services
Chose to buy products/servicesRefused to buy products/services
Recommended them to a friend/colleagueCriticized them to a friend/colleague
Shared negative opinions online
Sold shares
Shared positive opinions online
ACTIONS TAKEN OVER PAST 12 MONTHS (2011) - GLOBAL
TRUST HAS TANGIBLE BENEFITS IN 2011, 85% OF RESPONDENTS SAID THEY CHOSE TO BUY PRODUCTS/SERVICES FROM A COMPANY THEY TRUST WHILE 73% WOULD REFUSE TO BUY FROM A COMPANY THEY DISTRUST
DISTRUSTED COMPANIES +_ TRUSTED COMPANIES
F118. [TRACKING] Thinking back over the past 12 months, have you taken any of the following actions in relation to companies that you trust? Please answer yes or no to each action. (Percent “Yes”) Informed Publics ages 25-64 in 23 countriesF119. [TRACKING] Still thinking about the past 12 months, have you taken any of the following actions in relation to companies that you do not trust? Please answer yes or no to each action. (Percent “Yes”) Informed Publics ages 25-64 in 23 countries
30
LESSONS FOR LEADERS
Observe re-ordering of authority
Old values are not sufficient
Clear opportunity for business
Trust is fragile and perceived behaviors are an anchor
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