SMH Home
Home   >   Business   >   Article  
-
-
-
-
-
-
-
-
..........

We don't trust 'em, they don't trust us

July 17 2003


Only one in 20 customers trust blue chip Australian companies and just one in 40 believe the companies trust them, new research has found.

The Society of Consumer Affairs Professionals today releases a Consumer Emotions Study, which surveyed 4000 Australians about their experiences with nine blue chip organisations.

While customers were generally satisfied with the companies, many blue chips were not delivering the brand's marketing promise in their operations, said Wayne Croker, managing director of one of the research firms, Evalue.

"There's clearly a difference between the goals, the language, the measures of the marketing department and the measures of operations and customer service," Mr Croker said.

His co-researcher, consumer psychologist Michael Edwardson, said consumers' emotions about companies were usually developed from direct experience rather than through marketing and branding.

"You actually find out what the experiences are and it doesn't seem quite as important as, say, the Saatchi & Saatchi lovemarks," he said.

Lovemarks are the brainchildren of Saatchi's global chief Kevin Roberts, who believes a brand can earn "the power of love" created through "life-long emotional connections".

Although SOCAP would not name the nine Australian companies included in its study - as they paid to receive tailored results - two were telecoms, two utilities and the others were automotive, aviation, financial services, homes services and government services operations.

The researchers found only 14 per cent of customers were satisfied with responses to queries and complaints. But they also said that the emotion of disappointment was particularly troublesome as it was difficult to detect or manage but could slowly eat away at loyalty.

The study uncovered a proportion of consumers who stayed loyal to brands even though they did not like them - either because they said there were no better alternatives or they were committed to contracts.

"You have customers that tick the bottom end of the satisfaction scale and they tell you they are satisfied," Mr Croker said.

The research, therefore, specified the emotions customers said they experienced, rather than just levels of satisfaction. It found emotions such as "satisfied", "secure", "impressed", "pleased", "contented" and "indifferent" to be the most common.


Top

Printer friendly version  Printer friendly version      Email to a friend  Email to a friend



magnifying glass SEARCH ALL FAIRFAX ARCHIVES (*Fee for full article)
 


advertisement

THE MESSAGE
- Advertisers happy with Brother, but a fourth? Hmm
- Remember beanz and the good ol' dayz
- Fairfax may start NZ business publication
- Cordiant on the ropes if vote bars WPP bid
- Bacardi adds Lion for extra wallop
- We don't trust 'em, they don't trust us
- It's better news in Asia, press survey says

Also in Business

Rio to fight $500 million tax bill

ANZ's $50m hit from US utility

Mystery as Virgin boss talks long haul

Lower dollar boosts resources stocks

Punters watch their Yates plays grow

Greenspan's optimism boosts bond yields

Macquarie Goodman raises payout

Mirant lengthens sorry list of mega-bankruptcies

Staff reject non-union deal; Seven withdraws offer

Brazin abandons its best UK hope

Principal Office Fund plans to go shopping in America

New board a facelift for aged-care group

Macquarie Airports lifts share of Sydney

Costs poser stalls MacBank appeal

Food executive named CFO for Aristocrat

CanWest keen to stick around at the Ten Network

Austral Coal output plummets

Carter Holt warns of $800m write-down to come