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Wednesday, August 3, 2011

Management Tip of the Day: 3 Ways to Help Consumers Express Themselves

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Management Tip of the Day
Harvard Business Review
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AUGUST 3, 2011
3 Ways to Help Consumers
Express Themselves
A marketing campaign's success used to be judged on impressions: how many people saw, heard, or read an ad. In this new era of networked customers, smart marketers also pay attention to consumer expressions — anything from a comment to a "like" to a forward of your content. Here are three ways to make the most of expressions:
  • Embrace them. Consumers can generate more messages than you ever could. Don't fight the flow. Instead, feed it with content consumers will want to
    pass on.
  • Facilitate, don't control. Participate in the conversations consumers have about your products but don't try to direct them. It's fruitless and often stifling.
  • Set the record straight only when necessary. Not every consumer expression is positive. Chime in when you must but also allow your fans to speak on your behalf.
Harvard Business Review Blog Today's Management Tip was adapted from "Coca-Cola Marketing Shifts from Impressions to Expressions" by
Joe Tripodi.
Read the full post and join the discussion »
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Making Financial Markets Work <br />For Consumers
Making Financial Markets Work
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In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act created a new federal agency, the Consumer Financial Protection Bureau, to improve the functioning of consumer financial services markets. The Bureau is scheduled to open its doors in July 2011. Its first director will be responsible not only for setting the policy direction of the agency but also for establishing its organizational structure and management climate. In this open letter to the director, four professors-Campbell, of Harvard University; Jackson, of Harvard Law School; Madrian, of Harvard's Kennedy School of Government; and Tufano, formerly of Harvard Business School-offer advice on how to set priorities and craft
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