holiday, I can see the school that my company
(along with all the volunteers) built. I am so proud to work here.”
Virgin Atlantic asks all their passengers to give
the extra currency they have from the country they just visited and to donate
it to their effort. If you travel as much internationally as I do, you
always end of with currency that you can’t use until you visit that country
again. This program allows me to give it all back at the end of my flight.
That was a statement from one of our clients that I spoke to
as she told me about her company.
I thought of that statement the other day as I flew back
home from a business trip. The Chairman/Founder of the airline Virgin
Atlantic made a pitch about their charity and volunteer effort called
“Change
for Children.” Richard Branson delivers this message and shows the schools
and others that his company and employees are all engaged.
His quest is to get his customers involved as well.
What is your customer
experience?
What I have always found amazing about this announcement is
that it is not the usual CEO going on and on about how much they care for their
customers. In the past, I always found this laughable because in the back of
the plane people were pretty much pushed together like sardines in order to
maximize profit.
I understand the need for profit, but when you are talking
about how much you care about your customers and the customer experience, it
tends to ring hollow if I am strapped in a modified version of a La-Z-Boy.
We always speak about the culture of an organization when we
talk about making the connection to our employees. Well, that same connection
goes for your customers.
I want a reason to shop and spend money with any business.
This does not always apply, but when I find a good cause behind a business, I
am there.
Organizations today should step away for a minute and talk
about some of the connecting points they are making, not only with society but
with their communities as well. And, not only your employees looking for this
connection, but your customers are as well.
The corporate speak about “we care for our customers” rings
hollow if your customers do not see any connecting point beyond that statement.
Constantly connecting
In order for the connection to remain high, people need to experience
positive emotions frequently for that engagement to remain high. What better
way than to talk about the good you do outside of your corporate walls?
This could involve into a major competitive differentiation
between your competitors. It is not by always about trying to have the cheapest
product. Your customers today are looking for more.
This is just not a feel good exercise anymore. It makes a
difference to the bottom line. Today’s consumers are more conscious than ever
about social issues, and sometimes they’re even willing to switch brands in
favor of a company that gives back.
But forget about fanfare for the one-time cause. Companies
that practice social responsibility as part of their every day business model
prove that a dedication to charitable initiatives goes a long way, both for the
cause and their reputation.
What is your CSR
strategy?
Corporate
social responsibility (CSR) refers to a business practice that involves
participating in initiatives that benefit society. The question is what are you
doing with those profits? CSR is becoming more mainstream as forward-thinking
companies embed sustainability into the core of their business operations to
create value, not only for their business, but for society as well.
In this age where the company with the top talent will win,
this also gives organizations a stronger employer brand. Your CSR strategy is a
big factor in where today’s top talent chooses to work.
There is a gradual shift in demographics in the workplace
and the new generations is seeking out employers that are focused on a sort of
triple bottom line which consist of people, planet, and revenue — in that
order.
So what does all this mean? Look at it as new way to engage
not only your current customer but future customers as well. Integrate your CSR
efforts into the consumer’s direct experience with your brand to make sure your
initiatives and your message resonate with them.
But don’t shy away from your initiatives that have real
meaning to consumers and society even if they are expensive, because the
returns in customer loyalty are substantial enough to more than cover those
costs.
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