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	<title>Comments on: Gifting as Branding: How Coke &amp; Pepsi Use Social Media</title>
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	<link>http://www.sviokla.com/business-strategy/how-coke-pepsi-use-social-media-to-build-their-trust-bank/</link>
	<description>Innovation: past, present and future</description>
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		<title>By: Tweets that mention Gifting as Branding: How Coke &#38; Pepsi Use Social Media -- Topsy.com</title>
		<link>http://www.sviokla.com/business-strategy/how-coke-pepsi-use-social-media-to-build-their-trust-bank/comment-page-1/#comment-574</link>
		<dc:creator>Tweets that mention Gifting as Branding: How Coke &#38; Pepsi Use Social Media -- Topsy.com</dc:creator>
		<pubDate>Tue, 25 May 2010 23:37:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.sviokla.com/?p=450#comment-574</guid>
		<description>[...] This post was mentioned on Twitter by Jose Afonso Furtado and Henri Verdier, Carol Dunn. Carol Dunn said: Gifting as Branding: How Coke &amp; Pepsi Use Social Media http://bit.ly/9kskJc http://eCa.sh/eUaC [...]</description>
		<content:encoded><![CDATA[<p>[...] This post was mentioned on Twitter by Jose Afonso Furtado and Henri Verdier, Carol Dunn. Carol Dunn said: Gifting as Branding: How Coke &amp; Pepsi Use Social Media <a href="http://bit.ly/9kskJc" rel="nofollow">http://bit.ly/9kskJc</a> <a href="http://eCa.sh/eUaC" rel="nofollow">http://eCa.sh/eUaC</a> [...]</p>
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		<title>By: Karthik Narayanaswami</title>
		<link>http://www.sviokla.com/business-strategy/how-coke-pepsi-use-social-media-to-build-their-trust-bank/comment-page-1/#comment-573</link>
		<dc:creator>Karthik Narayanaswami</dc:creator>
		<pubDate>Tue, 25 May 2010 23:32:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.sviokla.com/?p=450#comment-573</guid>
		<description>John,

This is an interesting perspective. I think in the search for the incremental revenue, companies often put stock in empirical data and analysis while ignoring subjective elements such as trust.

I think a simple thing such as trust can have a much deeper impact, especially when you factor in cognitive biases such negativity or herd instinct. Even if a company makes amends down the road, it may take a while for the initial impression to wear off, affecting customer choices over time.

Google and Southwest are good examples of how to earn trust -- I think they both have a large enough trust bank that their customers will always give them the benefit of the doubt. I do not think you can ever completely quantify the true benefits of their trust bank.</description>
		<content:encoded><![CDATA[<p>John,</p>
<p>This is an interesting perspective. I think in the search for the incremental revenue, companies often put stock in empirical data and analysis while ignoring subjective elements such as trust.</p>
<p>I think a simple thing such as trust can have a much deeper impact, especially when you factor in cognitive biases such negativity or herd instinct. Even if a company makes amends down the road, it may take a while for the initial impression to wear off, affecting customer choices over time.</p>
<p>Google and Southwest are good examples of how to earn trust &#8212; I think they both have a large enough trust bank that their customers will always give them the benefit of the doubt. I do not think you can ever completely quantify the true benefits of their trust bank.</p>
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