While most corporate blogs aren’t trusted, it’s refreshing to see a new type of blog appear to meet the needs of transparency, non-pitching, and openness with the community –yet meet the business needs of the corporations.
I used to work for World Savings (Intranet redesign), which was acquired by Wachovia (I’m a customer), who is now merging with giant Wells Fargo, an outgrowth from all the turmoil in the financial sector the last few years. Wells Fargo has a long history of being best in class as a financial institution that understands social, and Wachovia has dipped their toes with Twitter, but is now jumping on board, espicially during times of scrutiny.
What’s the best way to win back trust? Wells Fargo and Wachovia have launched a blog called The Wells Fargo – Wachovia Blog with a kick off post from the CEO of Wells Fargo, John Stumpf.
This is the first social media property that I’ve seen that is focused on a merger. What should we expect from this blog? While I don’t officially know, obviously this content will have to shift to something new after the merger is completed, perhaps they could focus on a community platform? Having videos that shows behind the scenes how the teams are working together to improve the customer experience would also be helpful. The more material shown that shows how the experience is going to improve for me as a Wachovia customer is key, prove to use that this is good for customers.
Give the economic situation will only get worse, what other creative social media deployments should we see next? I’ll make a few predictions: 1) A corporate blog focused on helping those who were laid off find new jobs 2) A community site hosted by a corporation that helps laid off employees connect with others. 3) A variety of online communities appear for alumnus of companies.
I’ve read the first few days of posts on the WF-W blog. My first reaction is that it reads like any other corporate cheerleader. It has the forced breezy style of people who’ve never blogged before, reading more like a press release than an objective analysis of the issues. What does the merger mean for existing and prospective customers? Will employees be hurt by the merger? How will vastly different corporate cultures be integrated? What services will be offered to set the new firm apart from its competitors? Will the blog allow open participation by those not hewing to the corporate line, much less active dissent?
Only if if it’s a truly open marketplace of ideas will the blog have credibility rather than be seen as merely a promotional vehicle for management.
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