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Ireland 2009 Edelman Trust Barometer
2009 Edelman Trust Barometer at a glance Tenth edition since 2001 4, 475 people in 20 countries on 5 continents ,[object Object],[object Object],[object Object],[object Object],[object Object]
What a difference a year-and-a-half makes January 19, 2009 May 14, 2007
[object Object],[object Object],The State of Trust Richard S. Fuld Jr., former CEO, Lehman Brothers  1
Trust in Business, Media, and Government is half empty
Business
The Trust Divide – Emerging vs. Established Economies Trust in business <50% Trust in business >50%
In U.S., trust in business at lowest level, including post-Enron Enron, the dot-com bust and September 11  77% of Americans trust business less today than they did a year ago US joins Europe 20 point drop
Companies less trusted now than year ago ,[object Object]
Companies headquartered in Sweden, Germany and Canada remain most trusted; companies in China and Russia trusted the least
In Ireland, trust in most industries remained steady
Government
Government fares no better
More in EU still trust business over government ,[object Object],Business more trusted Government more trusted
By 3:1 margin globally and 4:1 margin for Ireland, publics agree that government should impose stricter regulations and greater control over business across  all  industries
Three Global Issues: Who Is Responsible for Causing and Solving?  Global  Warming Energy  Costs Financial  Credit Crisis
Government and business share responsibility causing global issues ,[object Object],Energy Costs Financial Credit Crisis Global Warming
Government held most responsible for solving these issues ,[object Object],Reducing Energy Cost Financial Credit Crisis Global Warming
Business has lost the ability to lead unilaterally Must partner with others to solve global issues
[object Object],[object Object],[object Object],Who Can We Trust? Trust in Information Sources and Spokespeople Declines Across the Board 3
Expertise and peer conversations drives credibility of information sources Traditional Corporate Digital 47% 40% 44% 38% 36% 34% 40% 27% 24% 26% 13% 35% 27% 16% 15% 19%
Ireland trust in traditional information sources wanes
Ireland trust in corporate information channels low Most trusted corporate information source is employees
CEO credibility hits new low globally
Spokesperson credibility remains mostly stable in Ireland Academics or experts most credible *asked as “an academic” in 2008 - 10 +20
Publics Need To Hear Information Regarding A Company Or Brand Multiple Times Through Multiple Channels & Voices 61% 3-5 times total
Through personal action, trust has tangible benefits Chose to buy their products/services Refused to buy their products/services Recommended them to a friend or colleague Criticized them to a friend or colleague Paid a premium for their products/services Bought shares Sold shares Shared positive company opinions/experiences online Shared negative company opinions/experiences online + - Actions taken with trusted and distrusted companies
Public Engagement: a strategy for changing  operations and communication Shared  Sacrifice Continuous Conversation Private Sector Diplomacy Mutual Social Responsibility
What We Have Learned ~ Ireland  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A Ten Year Overview of Trust ,[object Object],[object Object],[object Object]
2009 Edelman Trust Barometer

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Edelman Trust Barometer 2009 Irish Results

  • 1. Ireland 2009 Edelman Trust Barometer
  • 2.
  • 3. What a difference a year-and-a-half makes January 19, 2009 May 14, 2007
  • 4.
  • 5. Trust in Business, Media, and Government is half empty
  • 7. The Trust Divide – Emerging vs. Established Economies Trust in business <50% Trust in business >50%
  • 8. In U.S., trust in business at lowest level, including post-Enron Enron, the dot-com bust and September 11 77% of Americans trust business less today than they did a year ago US joins Europe 20 point drop
  • 9.
  • 10. Companies headquartered in Sweden, Germany and Canada remain most trusted; companies in China and Russia trusted the least
  • 11. In Ireland, trust in most industries remained steady
  • 14.
  • 15. By 3:1 margin globally and 4:1 margin for Ireland, publics agree that government should impose stricter regulations and greater control over business across all industries
  • 16. Three Global Issues: Who Is Responsible for Causing and Solving? Global Warming Energy Costs Financial Credit Crisis
  • 17.
  • 18.
  • 19. Business has lost the ability to lead unilaterally Must partner with others to solve global issues
  • 20.
  • 21. Expertise and peer conversations drives credibility of information sources Traditional Corporate Digital 47% 40% 44% 38% 36% 34% 40% 27% 24% 26% 13% 35% 27% 16% 15% 19%
  • 22. Ireland trust in traditional information sources wanes
  • 23. Ireland trust in corporate information channels low Most trusted corporate information source is employees
  • 24. CEO credibility hits new low globally
  • 25. Spokesperson credibility remains mostly stable in Ireland Academics or experts most credible *asked as “an academic” in 2008 - 10 +20
  • 26. Publics Need To Hear Information Regarding A Company Or Brand Multiple Times Through Multiple Channels & Voices 61% 3-5 times total
  • 27. Through personal action, trust has tangible benefits Chose to buy their products/services Refused to buy their products/services Recommended them to a friend or colleague Criticized them to a friend or colleague Paid a premium for their products/services Bought shares Sold shares Shared positive company opinions/experiences online Shared negative company opinions/experiences online + - Actions taken with trusted and distrusted companies
  • 28. Public Engagement: a strategy for changing operations and communication Shared Sacrifice Continuous Conversation Private Sector Diplomacy Mutual Social Responsibility
  • 29.
  • 30.
  • 31. 2009 Edelman Trust Barometer