Although a shift in consumer buying habits has been slowly happening for years, the pandemic managed to speed up that change and now customers prefer shopping from brands that have similar values to their own. This is especially important for the younger generations of consumers. Not only that, but many consumers have also completely stopped interacting and engaging with companies that have previously made a statement or taken an action that these consumers don’t agree with.
This is such a dramatic change for Americans, as well as global consumers, that nothing like it has happened before. It wasn’t just the pandemic that created a big change for businesses. Consumers waiting to see how companies respond and what actions they take on social issues is adding even more pressure on business owners and corporate leaders.
Brands and corporations are now realizing how delicate and difficult it can be to navigate social issues such as the Black Lives Matter movements around the world, along with health and wellness for employees and consumers. However, under the surface of those issues, there are plenty more that they’ll have to face and manage, because of these young generations of socially active and interested individuals.
It’s not just these individuals that are putting the pressure on brands either, as advocacy groups are also waiting for CEOs and leaders to take a stance on various issues that businesses used to avoid. While engaging in various social issues might seem like the best step to take in these situations that are changing society, companies have to consider many things before doing so.
This is because plenty of companies and their owners thought they were doing a good thing by taking a stance on important issues, only to end up facing backlash from the public because their actions didn’t align with their claims.
While there are several things that companies should be considering and thinking about before they try taking stances on different social issues that interest the public, there are certain starting points outlined below.
Conclusions
It might seem easy to create a statement or a conclusion to a certain issue that’s been talked about extensively in the public, but it’s important that the internal team is also educated on the details of that topic. Decisions like that should only be made after consulting with all the different executive leaders in a company that focus on the different target audiences for the business.
It’s also important to figure out what the long-term effects will be for the company, which includes how the company can commit to its statements in the future, with actions.
Transparency and Authenticity
As with all issues, it’s essential that companies stay authentic and transparent with the public and the target audiences. That means that it’s perfectly fine for brands to not have any clear or easy answers for the public. Nevertheless, companies have to support their statements and decisions with tangible actions that align with the rest of the company’s values.