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Citizen Brands: Putting Society at the Heart of Your Business
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From the Back Cover
The concept of Citizen Brands arose several years ago when Michael Willmott was researching and writing about corporate social responsibility and the growing pressures on business to take the idea seriously. Recently, Michael's thinking has moved on. He now argues that the suggestion that companies have a responsibility to do 'good' in society is hamstrung by its association with old-fashioned corporate paternalism that is inappropriate in today's consumer empowered world. Rather, Michael believes that the critical issue is a company's relationship with society -- it is that relationship that needs to be managed and nurtured. He prefers the term 'corporate citizenship'. Corporate citizenship is a far more reciprocal and a less philanthropic relationship. It is far more than benefaction (straightforward giving), it is about showing that a company understands societal issues and cares about them.
Beyond this just being an idea, Michael Willmott has evidence to prove that companies that embody core values based on understanding society -- those that put society at the heart of their business -- can be more successful than those that do not. The reasons for this are twofold. First, the social values and behaviour of a company affect its branding and the way it is perceived by those outside the organization, particularly its customers. Second, the consuming public and citizens generally are becoming more aware of social and ethical issues and more demanding of companies.
Citizen Brands provides the answers to many questions on this topic. Michael Willmott describes why the concept is becoming more important, the social and economic trends that are driving its development and the process by which being a citizen brand feeds through into commercial success. Finally, he outlines the strategic approach companies should take to embody this concept in their day-to-day business activities.
Michael Willmott is co-founder, with Melanie Howard, of the Future Foundation, a commercial think-tank that specializes in monitoring and forecasting consumer trends. After an initial career in social and consumer research, Michael has spent the last 10 years providing market analysis and advice on futures strategy to clients in both the public and private sectors. He is one of the most respected forecasters working in the UK today and his views on social and economic change are often sought by the media and conference organizers. He has lectured at universities on both sides of the Atlantic.
Published work while at the Future Foundation includes: The 24 Hour Society; the New Information Trade (on privacy, trust and database marketing); Inside Information (on information and knowledge management in companies); and The Millennial Family (on the future of the family in Britain).
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