Friday, January 30, 2009

Generosity



It may seem incongruous, but in hard times, people are becoming more generous. This relates to my previous post on changing social currency. Being less reliant on money for happiness, they’re finding meaning in generosity of spirit - the mutual-support of family and friends. This is apparent in community co-operatives, in a willingness to reduce their working hours, so co-workers can keep their jobs, and, in greater engagement with brands that support communities. Sociologists at Harvard Medical School point to the contagious nature of happiness and generosity, which are transmitted via social networks.

By reflecting consumer values of generosity and kindness and supporting communities, brands stand to gain. For example, I've previously highlighted ColaLife.org, whereby Coke’s global distribution network will help deliver medicines to the world’s poor.

Nestle flooded Tokyo with cherry blossom, as a symbol of goodwill towards exam takers, helping to defuse a highly stressful situation.

Brands that trade on optimism, helping people celebrate the good things in life, will be remembered. In Australia, insurance company IAG’s ‘Unworry’ campaign captures the mood. This is in keeping with theories of social influence. Spending time with positive people - and brands - reinforces positive feelings and behaviour (which is why people have exercise partners).
In general, brands that offer better deals and/or better experiences, helping consumers through tougher times, will generate goodwill.

Changing social currency

The global economic situation is causing people to see their lives and brands through a new lens. This reframing is a catalyst for accelerated change in values. 88% of Americans now think the US is too materialistic, a study by Boston College suggests. People are going back to basics, realising that the most valuable currency is relationships with the people that really matter.

Having competitively collected any old random acquaintance as a Facebook "friend", people are now cutting back to just the real ones - a trend, which Burger King exploited fiendishly, with their Whopper Sacrifice campaign. (Facebook users could trade in the friends they didn't really know or like for free Whoppers.)