In a new survey issued by StrategyOne, 82% of American’s gave a “C grade or lower” on how corporate America did in 2010, with 40% of Americans assigning Corporate America a “D” or an “F”.
The wake up call is that Americans are extremely frustrated and dissatisfied with the behavior of companies in America. Quite literally, if the leadership of American companies were politicians, there would be a landslide election of the American people voting them out of their corner offices.
“Let’s be clear, Americans are not dreaming up some far out vision of utopia,” said said Bradley Honan, senior vice president of StrategyOne. “Instead they are being realistic that Corporate America should – and indeed must – engage in important issues of the day where they can make a demonstrably positive difference. That means the economy and jobs for starters, but also ensuring their products are safe and not harmful to use, and that they simply conduct their day to day business activities in an honest, ethical, and transparent manner.”
Other interesting facts undercovered in the StrategyOne survey included:
- 88% of consumers said it was extremely or very important that companies help get the economy back on track in 2011.
- 88% said it was extremely or very important to conduct business in an ethical manner in 2011, and 87% said it was a top priority to do business in an honest and moral way.
- 85% of consumers thought it was extremely or very important for companies in 2011 to deliver high quality products and services;
- 84% of Americans thought companies needed to demonstrate good governance in 2011.
- 82% said it was a top priority for companies to make fewer mistakes and errors in 2011.
Let’s hope company leaders make some serious New Year’s resolutions to improve their performance and more effectively communicate with the public to show how they are being more responsbile, sustainable and ethical. That is the only way to reduce the “trust gap”. And it is important for corporate leaders to recognize—once and for all—that their futures are dependent on their customers….who happen to be the American people, at the end of the day.
StrategyOne Survey Methodology:
StrategyOne conducted 1,081 online interviews among a representative sampling of Americans between December 6 and 8, 2010.