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With research showing that 75 percent of brands could disappear tomorrow without consumers batting an eye, the need for a brand purpose is greater than ever. However, coming up with a powerful purpose that is authentic to your brand and speaks to consumers can be very difficult. To make the process a little easier, Beyond Profit host Ken Beaulieu shares four tips that will simplify the purpose discovery process.
Many companies are focused on the external activities needed to ensure brand purpose comes off as authentic and meaningful in the minds of consumers. However, companies that ignore these steps for internally activating their purpose are setting themselves up for failure.
As consumers look to business to solve the biggest challenges of our time, they are throwing their support and dollars behind brands they trust. But here’s the problem: Less than half of brands are seen as trustworthy.
So, how do brands build trust and break through with consumers? Pranav Yadav, global CEO at Neuro-Insight, a leading neuromarketing and neuroanalytics resource, says businesses must dig deep by tapping into subconscious human motivations, emotions, and intuition that influence behavior. Only then, Pranav says, can brands truly develop marketing messages that leave a positive impression, influence buying decisions, and build trust.
In this episode of Beyond Profit, a podcast of the ANA Center for Brand Purpose, Pranav joins host Ken Beaulieu to discuss this topic more at length, including the role purpose plays in building trust, and why it’s critical to identify the true feelings people have about brands.
There is no lack of research and data suggesting that an authentic purpose is good for business, for society, and for the planet.
When companies lead with purpose, and root it in business strategy, a cascade of benefits are likely to follow — from greater customer loyalty and advocacy to increased sales and innovation to workforce retention and brand growth.
One man who needs no convincing about the power of purpose is Afdhel Aziz, founder and chief purpose officer at Conspiracy of Love, a social impact marketing agency. His whole business model is shaped around the idea of creating a better world through purpose. And in his work with some of the world’s most iconic brands, Afdhel hopes to help people use business and culture as forces for good.
In this episode of Beyond Profit, a podcast of the ANA Center for Brand Purpose, Afdhel joins host Ken Beaulieu to discuss the state of the purpose movement and the trends that are reshaping the business landscape for the greater good.
Purpose-washing is a bogus attempt by a brand to appear purpose-driven or socially conscious, and it has consequences for the bottom line if brands don't learn to knock it off. On the first-ever Beyond Profit podcast POV, host Ken Beaulieu offers tips for marketers on how to avoid getting pulled into the purpose-washing trap.
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