The Cost of Opaqueness
The era of benefit of the doubt is coming to close for businesses. Consumers are growing more skeptical of brands, while at the same time holding them to a higher standard than ever before when it comes to transparency and honesty. There’s probably no clearer example of this playing out than Facebook. The social network has been roiling from a never-ending series of scandals, obfuscations and crisis mishandling. So what’s the right approach? Consumers say openness.
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