For CPG brands, transparency with buyers is critical. You need to be transparent about what your capabilities are, as well as what they ARE NOT. Promising a buyer you can do something and then not delivering on that promise is the surest way to lose their trust forever. I was reminded of the importance of transparency by the latest of Ryan Holiday's books, titled, "Right Thing, Right Now." It's part of his Stoic Virtues series, and it focuses on the value of doing good in this world. One quote from the book on this topic really stood out to me: "How many marriages would survive our spouse looking at our phone? Or our boss seeing what's in our email? How many reputations would survive a lawsuit that made it to discovery? If we are inclined to hide it, we probably shouldn't do it. If we dread the publicity, maybe we are not living or doing right. " We should strive for the opposite. We want people to see what we are doing. We want to be the city on a hill. We should be the kind of person [or brand, in this case] who the more they hear about us, the more they respect and admire us." Can your company survive being an "open book" to your buyers and consumers? If not, perhaps it's time to take a look inward. #business #smallbusiness #cpg #retail #ethics #ecrmrangeme ECRM RangeMe
Joe this is such a powerful challenging idea. Thanks for raising the bar today for all of us. Peace my friend.
Great post Joseph Tarnowski
Transparency is key when forming a relationship with buyers.
Transparency builds trust and it’s rewarding in the end! Joseph Tarnowski 💯🙌🙏
Well said, Joe. To add, I will share the advice you shared personally with me: "Don't have eyes bigger than your stomach."
Love this
This is so true! Great post!
Dead on Joe!!!
General Manager at Veridian Healthcare, LLC
2wWhen I was a product manager years ago, I was told the best decisions I will make are the products you decide NOT to launch. Know your capabilities and be transparent with your customers on what your company can and cannot do! It will pay dividends in the long run!