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Trust: an essential business element

By tori richardsPublished: June 01, 2011



Millions of brands fill the marketplace for consumer dollars and the loyalty that sustains business.
   
But what goes into selecting a brand as a favorite? Why are some companies passed over for others?
   
OC METRO and The Values Institute at DGWB wanted to find out. In planning this year’s Most Trustworthy Brands issue, we committed to delving deeper into this topic and conducted a sociological study of the data. The report was compiled by surveying nearly 2,000 adults who live or work in Orange County over a five-month period ending in February. 
   
“Most organizations will do surveys of trust, and it’s a popularity contest. They have no idea how, or why, the trust was built,” says Chesley Beaver, a sociologist who developed the survey along with the nonprofit Values Institute think tank, the Santa Ana-based advertising firm DGWB and OC METRO. “Ours was done to determine why people trust, how the trust was established and what we can learn from that.”
   
Understanding the “why” of it all could be a key to sustained success. The results of this, our second survey, suggest some companies – perhaps more than others – see a connection. Five of the brands that earned a spot on our inaugural list appear on this year’s roster of trusted brands: Chapman University, Disneyland, In-N-Out, St. Joseph Hospital and Planned Parenthood.
   
“We are honored to receive ‘Most Trusted Brand’ recognition two years in a row,” says St. Joseph Hospital President and CEO Steven Moreau. “We work hard to earn the trust of patients and families by creating a patient- and family-centered healing environment. We believe this type of care improves the patient experience and, ultimately, outcomes. This is why being named among Orange County’s Most Trustworthy Brands is so rewarding. Patients and families appreciate and trust our focused approach to care and our commitment to make every encounter a sacred one.”

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