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DON’T PUT YOUR BRAND AT RISK LIKE ‘AIG’ BY NOT LIVING YOUR CORE VALUES!

March 20, 2009 By The Brand Ascension Group

Just this morning, I was interviewed by David Wolf for his SmallBiz Brain Series to be aired on SBTV.com’s website (www.sbtv.com) in a few weeks. Our topic related to 8 key questions business owners should ask themselves about their unique Brand DNA and how imperative it is to answer them so as to not only survive but thrive in this troubled economy.

 

One of the questions we discussed was “What are the core values of your brand that guide your behaviors and business practices?” We talked about what values are—those ‘guiding principles’ that form the basis of what is important to you and give meaning to the intentions behind your brand and your business practices. We also talked about why living your core values is so important in today’s business environment.

 

Just before the interview, I thought about the issues that AIG is experiencing right now while under the scrutiny of the public and the government for paying out a $165 Million in bonus payments after a few months earlier receiving $182 Billion in bailout money. I was just curious to find out if they had a set of core values for the business. So, I got on their website and searched. I found a button on the menu of items for Vision and Values. As I clicked on it—I found the page showed it was temporarily down. No other page around this page on the website was down. I thought, “How odd.” I also said to myself that this couldn’t just be a coincidence.

 

I then proceeded to get on Google. I typed into the search section ‘AIG Values’ and found the link to the same webpage. When I clicked on it I got the same message about the webpage being down. So, I went back to Google’s link and lo and behold I found they had “cached” the page. When I clicked on it, there the page was with AIG’s values. The cached page was a snapshot of what the page looked like when it was last active and live—that date was March 13, 2009.

 

I checked the list of values on this webpage for AIG and found six of them, two of which I zeroed in on, ‘Performance’ and ‘Integrity’. They defined performance, “Be accountable. Manage risks. Deliver AIG’s strength.” They define integrity as, “Work honestly, Enhance AIG’s reputation.” It made me seriously question whether the company was truly accountable and enhancing AIG’s reputation.

 

Given the current situation, I think most people would say AIG has severely tarnished its image and most certainly negatively impacted their reputation with the payout of those bonuses given the current economic situation and the bailout money handed to them. In fact, not living their values goes far beyond just this one incident, but goes to the core of who they are as brand. As I dug deeper into their values statements, I found the terms to describe these two values as “superior performance, building and persevering the company’s financial strength…disciplined practices…to manage risk”. I found words like ‘integrity in action…integrity is the bedrock of AIG’s reputation..being honest, transparent, with acceptable business practices.” I was just floored when I read this.

 

The learning point here is that why haven’t they and other companies like them learned that if you don’t live your values, eventually it comes out and it can have devastating effects on your reputation as a brand. Consider the effects of Enron and Arthur Andersen a few years back. One of Enron’s values was integrity. They are no longer in business. That’s pretty devastating.

 

So, I ask you to ask yourself what are your brand’s core values? Are you living up to those values and consider your actions going-forward? All of us can learn from AIG’s situation. The price of misrepresenting your brand and what you stand for is just not worth it. It erodes your reputation and creates mistrust!

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Testimonials

“Suzanne is a fantastic brand expert who makes an immediate impact to the bottom line. Her efforts helped me successfully launch a small business venture (fitness gym: dynamic-gyms.com) into a very competitive market achieving break even revenue goals within three weeks of opening! Simply unheard of in this market segment. This would not have been possible without her direct efforts to help us succeed.”
Larry Solecki, CEO, Dynamic Training & Fitness Gyms

SarahRyals-Pic“Suzanne creates a wonderful experience to build an understanding of brand, especially for those who are new to brand basics. Her teaching modules are clear, well organized, thoughtfully explained, and she does a great job coaching teams through the work. The final outcome is an actionable foundation for delivering a consistent, meaningful brand experience for all the brand’s stakeholders.”

Sarah Ryals, Women's Resource Agency Board Member
SuzanneKladder-BW-Round“Suzanne and her Personal Brand program are amazing. She really gets you to take an honest, in-depth look at who you really are at your core and get past what you or others think you are. She helped me abandoned the idea that I needed to be perfect and to realize that perfection is me being me. The work I did with Suzanne continues to help me behave in a consistent, authentic way and it has had a positive impact on my business.”
Suzanne Kladder, Sales Whisperer
“By participating in Suzanne’s Personal Brand Mastermind Group I revealed my true, distinctive brand attributes which has allowed me to actively live my true brand self. It has been a tremendous value for my networking and branding of my consulting practice. Her program was professionally crafted and delivered with personal support and guidance. I would recommend Brand Ascension’s programs for any person or organization looking to elevate their brand presence.”
Mark ShadlePresidentSpeed2ResultsColorado Springs
VW-Round-BW“I’m more clear and consistent in my actions and communication across the board. I’m more mindful about what I do – and even more importantly, how I think – and have more clear direction of what actions to take next and why. Identifying, defining, and stepping into my authentic self was exactly what I was looking for and needing to kick-start my next level of success! Because I am “Uniquely Wise, Deliciously Inspired!” Thank you Suzanne!”
Veronica WirthOwner + Creative DirectorDesign BistroVermont
DeniseWhitaker-BW-Round“Taking the Personal Brand Presence course was like going through a re-birthing process for myself. It was truly enlightening to have that alone time with ME, and rediscover who I was. The course and consulting sessions were empowering, and added so much confidence to my state of being!”
Denise Whitaker, Realtor
“For years, I have been the gerbil on the wheel, trying with all of my energy, to be all things to all people.  It is so liberating to focus on the strengths I bring to the table and not worry about who that will line up with.  I love what you said about how when you let go of those who don’t line up, it only opens the door for more of those who do.  I am totally seeing that happen in my life and especially in my business!  I shared this with my business coach and he said that you were rig… Read more
Lisa Gross, Sr. Mortgage Lender, Peoples National Bank
“Wow, I wasn’t expecting such a breakthrough!” That is what you will tell yourself when you complete one of Suzanne’s Personal Brand Mastermind courses. If you are not aligned with your authenticity, everything in your life will suffer as a result. I highly recommend anyone who wants to get to the next level in business or their personal life to enroll in this series. This is an exclusive training program for high-caliber, high-potential clients so be ready to roll up your sleeves do… Read more
Cory Arcarese, CEO, CArc Media
  JanePeck“Suzanne has facilitated training in our organization to bring the branding basics to our team.  She is dynamic, entertaining and engages all the senses in her training methods.  If you are looking to elevate your brand and engage your team in the process, I highly recommend her.”
Jane Peck, MBAAdministratorEndodontic Specialists of ColoradoColorado Springs
“I highly recommend Suzanne for website, branding, and any and all creative work. She is excellent to work with: fast, on-time, full of fresh ideas, offers solutions, great attitude, multi-talented…and also fun! Suzanne has been a tremendous asset to Grizzard and our marketing program. She is an integral part of our team and success.”
Stacy Guidice, Marketing Dir., Grizzard Communications

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