Brand guru speaks to Kailashnath Adhikari, MD, Governance Now, on fake news, Twitter, marketing, PR and much more
GN Bureau | December 29, 2021
Where social media has made the world more egalitarian, democratic, equal and anonymous, it also has no filters, giving some messages a huge amount of amplification. More and more people have come to be engaged in various forms of social media post-pandemic. It is used for buying and selling goods, doing transactions, gathering of information, its absorption as well as sharing of information.
However, sounding a word of caution, columnist and businessman Suhel Seth says that social media is also used to propagate fake news and lies and needs for which there is a need for having fact-checker websites so as to prevent potential dangers.
“The danger is that a lot of things on social media end up being untrue – what is called fake news. The ability for people to sift between what is right and what is not needs to be sharpened. We need fact-checkers and available sites that tell people what is true and what is not. Unless we have that, there is also the danger of herd mentality where people start believing what is not true and they amplify it so much that they start believing what is not true to be true and that is very dangerous.”
He was in a conversation with Kailashnath Adhikari, MD, Governance Now, as part of the Visionary Talk series held by the public policy and governance analysis platform.
Watch the video:
Seth, the founder and managing partner of consultancy firm Counselage India, said today social media allows you audio and video features to show and share what you are doing. He said companies should use social media for three things: communication, corporate responsibility and complaint management. “… now companies think if they respond to complaints it means they are submitting. But the fact of the matter is more and more brands today are being complained against on social media... and the smart companies are the ones that address grievances immediately. Address cancer in the bud; otherwise more and more companies will fall prey”.
On the other hand, he said many CEOs are also on Twitter and doing remarkable things that get traction. “Social media does have a positive side, but it needs to be checked, calibrated, and controlled... and all this lies in the hands of the user,” he said.
Seth also said that the traditional methodology of public relations (PR) has changed because of the way people are receiving real-time information and news today.
“Earlier PR was about wining and dining journalists, planting stories…all that has gone because people are available on tap. People with diverse views can access media platforms or tools and let the truth be known... in an atmosphere where you and I have access, both to the truth and to the medium, traditional PR then goes by the wayside,” he said.
On news channel debates, he said, “The art of conversation and carefully analyzed thoughtful discussion on channels has disappeared. What we see is a rush toward Breaking News... it’s more breaking heads than breaking news.”
On the media doing its own trials, he said, “The consumer is not a moron, she is your wife. The consumer will give a leeway but when they realize the water has hit your nose or eyes they will disappear. News and media brands need to be very cognizant of the breaking point. What can be worse is not believing in a brand that is trying to engage with you.”
Asked about different brands adopting different modes of communication and what has changed he said, post-pandemic, brands have become more aware that social media may be consumed by a very small percentage of user populations but with a large number of influencer population. “...and that can have repercussions... the dangers of things going wrong on social media are pretty high.”
Also, he said that people are recognizing the fact that today more and more people who are using and consuming social media have tools not only to influence but also to force a narrative. Giving the example of Tanishq, Sabyasachi Mangalsutra and Dabur Karwa Chauth ads among many others that had to be withdrawn after public outrage, he said, “We saw how companies that used certain symbols in their ads and they had to withdraw those ads because the pressure on them was unreal, unbelievable. …having said that it shows the brute power of social media and also shows the ability for social media to be misused.”
He said that brand building has changed substantially over the years because competition has increased in each category almost 12 to 14 times. Besides investing money, today you have to invest in product information and most importantly use everything that is available; technology for better manufacturing, more responsible manufacturing (green) and also provide to the end-user.
“Today e-commerce delivers it where you want. You don’t only create the product and advertise the brand but also worry about the logistics. It is a much more complex exercise. Additionally, due to e-commerce competition, margins are under pressure. So you make money through constant reinvention, reengineering and re-imagination.”
Asked if brands can be built without having substance, he said brands are about benefits. “Brands must have tangible and intangible benefits. You can never have hollow or shallow brands. Brands have to have substance.”
‘See Things As They Are’: Life Lessons from the Buddha Edited by Nanditha Krishna Aleph, 98 pages, Rs 399 There is a wonderful idea behin
World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s property market deteriorates, says Fitch Ratings in its latest Global Economic Outlook (GEO) report. Fitch now expects world GDP to grow by 1.4
Nine species of owls (including the magnificent spot-bellied eagle-owl), 10 birds of prey, 11 species of Woodpeckers (including white-bellied woodpecker – the largest woodpecker in peninsular India), and many other species have been documented during a first-ever bird survey in Chhattisgarh.
Cycling is a passion for many, and it is a way to fitness too. With rising numbers of vehicles on the road, the government encourages this environment-friendly mode of transportation, but it comes with numerous challenges. An accident last month on the Mahipalpur flyover of south Delhi, which took the life
As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected to be decoupled from world economy and fare better. To check if this belief really holds water, in the latest
With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f