Marketing, OWS and Fair Play

That the “Occupy” movement has gained visibility and traction over the past few weeks is an interesting commentary on our times. The demographic studies done a few days ago as to who is part of the group seems to dispel the myth that they are white suburban hippy want-a-be’s. What is clear at this point is that the group is dissatisfied with any one of the following:
- Lack of jobs and/or unemployment
- Student loans
- Mortgage rates/foreclosures/loss of housing
- Wall Street players making inordinate amounts of money
- The demise of the American dream that if you work hard, you will be rewarded
- The inability of elected officials to act positively
My interpretation of this social upheaval and dissatisfaction is less nuanced. I believe that the average American is born with a fundamental sense of Fair Play. We intuitively know when something is right and when something is wrong. The “Occupy” people are expressing this feeling that something is not fair and is wrong, and they want it to be made right. This does not mean that they want hand-outs, or a more socialistic society, or stronger government intervention. They want things to be more in balance and more equitable. (An example of the inequality can be found in this NY Times chart: http://www.nytimes.com/interactive/2011/10/26/nyregion/the-new-gilded-age.html?ref=politics)
What does this mean to Marketers? Dick and I have written before about “under-promising and over-delivering” and the need to exceed expectations. If my assumption about Fair Play is correct, the practice of exceeding expectations is now a requirement for every company.
This does not mean lowering prices, or giving things away. It means being responsive to customers, whether B2B or B2C. For example:
- Making it a practice to solve a customer complaint on the first call, or within a designated period of time.
- Beating or meeting all communicated delivery dates, whether it is a product or services.
- Including all elements of a purchase at the time of purchase, not “nickel and diming” the purchase experience.
- Deciding not to charge for something that has been free or bundled in…the Bank of America debit card charge and Netflix streaming video change are two current classic examples of creating customer dissatisfaction.
I am sure that you can implement other actions that are specific to your business or service. The point is that in America today there is a growing desire for Fair Play in all things. Recognizing this, good marketers will ensure that their products and services do not run against this current, or if they do, make the appropriate changes.
Do you even know how your products are perceived in the market or do you act with the hubris of BofA and Netflix? If this movement gains more steam will you win or lose?
RHM - 10/27/2011
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