Wednesday, 12 June 2013

Satisfaction not enough, more trust & better customer experience is key - Asia-Pac Banking+Finance feature article

As a point of differentiation and as a source of competitive advantage trust and customer experience become more important than just satisfaction. - Asia-Pacific Banking & Finance feature article.


The 2012 Australian Bank HuTrust® research study conducted by mext Consulting has been featured together with Capgemini's research in the print version of Asia Pacific Banking & Finance Magazine. The headline article looks at satisfaction not being enough, that trust and customer experience are far more important for customer loyalty and sustained business. For this article Mext MD and HuTrust® developer,
Stefan Gräfe, was extensively interviewed on customer trust.

Click here to see the AB+F article or visit mextconsulting.com.


About Stefan Grafe:After an international career as head of creative and strategy for the BBDO and Bates marketing networks in Europe,  Asia and Australia, Stefan founded mext as a management consultancy to help clients achieve substantial growth by better connecting with their customers. 

Wednesday, 10 April 2013

Value Trust in your Value Chain to succeed.


Leaders in trust:
Interview with Ian Lincolne, former Managing Director, Fiji Water

We had the great opportunity to interview the MD involved in one of the biggest brand successes in recent years: Fiji Water. With its proposition of 'a taste of paradise' the brand went from nothing in 1996 to an extensive global distributer in 2009 by the time Ian left. The company was bought by one of Hollywood's richest couples in 2004.

Ian Lincolne, the former MD at Fiji Water, helped to drive Fiji Water’s success story with trust building at the forefront of strategy.

For Ian trust is central not only to employees and customers, but also to other stakeholders in the value chain including suppliers and people in the extended community. Lack of trust breeds contempt, employees are less likely to go the extra mile, and suppliers might not put you first. People that trust you are more forbearing, give you their discretionary effort, support you in difficult times and are proactively helpful and creative for you.

Ian explains that at all points of the journey trust from partners, suppliers, staff and government was critical. ‘It was an audacious undertaking to want to build a global water brand from scratch. After painstakingly getting the product and business plan right before launch, trust in our value chain had to be built with our future customers.  Imagine coming in and saying 'we want you to buy our water from this obscure place with minimal marketing investment at higher cost than your current product and you will make a better margin while selling good volumes'. 

‘David Gilmour, the founder, and the US based CEO Doug Carlson implicitly trusted the employees and led from the front in “always doing what we say we will do”. Passion, intellect and integrity were qualities we sought in employees and translated into building trust in our competence, relevance and vision. The intensely personal experience of dealing with Fiji Water was a point of difference in the industry and professional relationships flourished in an environment of trust.’

‘Clearly consumer trust was critical. We were convinced we had a strong proposition with “a taste of paradise” that was “an affordable luxury”. People often had no idea where Fiji was, but the allure of a South Pacific paradise was very strong. Trust was the glue that bound the business to its suppliers, employees, customers and consumers and was inherent in David’s mantra that “visibility invites trial and trial leads to advocacy”. You only move to product advocacy when the product and business is trusted.’

‘Support for relevant events, targeted sampling, product placement, supply to public figures and providing value across the supply chain led to greater distribution opportunities. The branding promised an aspirational experience and the product quality and consistency delivered on the promise. From there we continued to build the brand, underpinned by building and fostering the trust of all in the value chain.’

‘While trust has always been at the centre of my management style and we actively focused on building it into the entire supply chain, reading about HuTrust®, I understood clearly why many of our actions where so successful. But of equal value I could also see in hindsight why some things were not successful. It gave me a new perspective on the topic of trust and the existence of a pragmatic and proven methodology will help me in the future to use the framework of trust and be more effective at building it.’

Thursday, 14 March 2013

Australia on the edge. New study shows every 2nd Australian has no trust in their local community.


A new survey by mext Consulting and Australia Online Research (AOR) with 1346 Australians looked at the strength of Australian communities at a grassroots level. The study confirmed the critical importance of community trust and used HuTrust®, a global tool to analyse trust to look into the drivers of trust.

“Considering the constant talk about community building we were surprised at the low levels of trust. Only 50% of respondents reported trust for their local community, 14% showed active distrust and only 15% highly trust their community.” says mext MD Stefan Grafe.


“The study shows that this lack of trust has a substantially negative impact on peoples’ attitudes and behaviours. Those who highly trust their community are 200% more likely to help their neighbours, report offences and volunteer in their community than the average. When it comes to keeping money in the local community high trusters have a 33% higher propensity to shop locally, are almost twice as likely to consider investing in property locally. When it comes to council decisions, 24% of high trusters generally support council compared to the average of 10%.  Therefore there is an adverse effect on our community strength of having only every 2nd Australian trust and only 15 in 100 highly trust their communities.”


The HuTrust® analysis splits trust into its six facets:

·         Trust in community stability
·         Trust in good future development
·         Trust in an appealing relationship
·         Trust in deriving a benefit
·         Trust in an appealing vision
·         Trust in competence.

The study found that respondents scored all 6 facets well below the trust threshold of 7 - meaning on average residents don't trust for any of the facets. By far the worst facets of trust are trust in deriving a benefit and trust in an appealing vision - scoring precariously close to distrust at 5.6 and 5.8 respectively.


“It is clear from this that community focused organisations fail to connect with their constituency - and miss out on the benefits of high trust of their residents.” says Grafe.  “The HuTrust® analysis shows that Australians don’t see a benefit from their community and certainly don't see that there is an appealing vision for their community - a result that is likely to have ramifications at every level of society and government.”



Analysing the trust drivers and inhibitors for communities and their local councils.
Download the free report here
For more information contact Stefan Grafe
About Stefan Grafe:
After an international career as head of creative and strategy for the BBDO and Bates marketing networks in Europe,  Asia and Australia Stefan founded mext as a management consultancy to help clients achieve substantial growth by better connecting with their customers. 

Wednesday, 27 February 2013

2013 HuTrust® Community Study makes Headlines in Canada

Study conducted by HuTrust® partner in Canada gains big media interest with interviews on radio, publications in the national newspaper, and front page reporting by Vancouver Sun. This is a follow up study on the Community study 2011 which also gained plenty media interest.

CLICK TO ENLARGEThis recent study in Canada by Concerto and Research Now investigates the amount of trust community members have in their politicians, police, community organisations and big brands like Google, Facebook and Blackberry. The methodology used to dimensionalise trust, and the factors for which politicians for instance are (not) trusted, is HuTrust®. HuTrust® is globally the only psychologically sound, statistically robust and practically proven research model of trust.

The data indicates that astonishingly the Canadian communities trust big brands like Apple and Microsoft more than they trust their politicians that are running their country.


For more information on this study and the press releases please see Concertomarketing blog and National Post 


For more information on HuTrust® and how it can be used for research and analysis see HuTrust.com and contact Stefan Grafe






Using the most modern psychology we can help you better understand your consumer’s and customer’s needs and motivations and build trust with them. mext

Thursday, 24 January 2013

Big four fare hardly better on customer trust than crisis ravaged German banks



Australian banks are only marginally more trusted than crisis battered German banks even though Australia has one of the stronger world economies with the recent mining boom and Asia Pacific connections compared to Germany being struck by the Euro crises.
Australian Big Banks vs German Big Banks

Recent study, using a methodology to dimensionalise trust, uncovers what the bank’s trust is (not) made of. The methodology, HuTrust®, is globally the only psychologically sound, statistically robust and practically proven understanding of trust. 
HuTrust® analyses what the Big 4 banks in Australia and the big banks in Germany are trusted for – and not. Developed by mext Managing Director Stefan Grafe with a German psychologist and psychology professor W. Salber, HuTrust® has successfully been applied with organisations like Qatar Airways, KPN Europe, Origin, Telstra and the Singaporean Government.

In the recently released 2012 study mext focused on the major banks with 657 respondents. This follows the initial study with AOR at the end of 2010 with 1,200 respondents and is compared with a similar study of German banks from 2011 conducted by international Research HuTrust® partner Psyma.

CBA, Westpac, nab and ANZ continue to have very similar customer trust, NPS and satisfaction levels. All just make the trust threshold. Nothing new there. It is interesting though; that German banks in the middle of the crisis (Sept 2011) didn’t score much lower. 
Indeed, locally focused banks scored far higher than the national brands. We saw similar findings here in the last study with Bendigo Bank ranking far higher than the Big 4. This has now normalised.

The Big 4 didn’t suffer a lot here because of the relatively lower impact of the GFC and government guarantees. Still, in Germany big commercial banks such as Deutsche Bank, have only fallen just under the trust threshold at 6.7.
For more information download report here.


Stefan Grafe is an author, trust expert and founder of mext consulting. Always seeking better and more innovative solutions for stakeholder engagement.