ING Direct Canada: Are You Suffering

In a testament to the power of social media and the effect it can have on a business, the chief executive officer of a bank adopts the habit of taking to Twitter on a daily basis to promote his company’s services. But when the bank’s most recent ad campaign ignites a furor among TV audiences, Twitter quickly becomes a vehicle for crucifying the bank rather than promoting it. Within a week of the ad's air date, the bank is inundated with angry tweets, Facebook messages and media criticism. It becomes clear that the bank has made a mistake and will have to act quickly to decide on an appropriate response.
Collection: Ivey Business School (Canada)
Ref: IVEY-9B13C037-E
Format: PDF
Number of pages: 7
Publication Date: Oct 30, 2013
Language: English
Review date: Oct 30, 2013

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Description

In a testament to the power of social media and the effect it can have on a business, the chief executive officer of a bank adopts the habit of taking to Twitter on a daily basis to promote his company’s services. But when the bank’s most recent ad campaign ignites a furor among TV audiences, Twitter quickly becomes a vehicle for crucifying the bank rather than promoting it. Within a week of the ad's air date, the bank is inundated with angry tweets, Facebook messages and media criticism. It becomes clear that the bank has made a mistake and will have to act quickly to decide on an appropriate response.
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Year: 2013
Geographic Setting: Canada
Industry Setting: Finance and Insurance;

Learning Objective

·To discuss the role of character in leadership. ·To determine appropriate actions to protect the brand under crisis-like situations. ·To highlight the role of accountability and transparency in communication. ·To explore what makes a good apology.

ING Direct Canada: Are You Suffering

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"ING Direct Canada: Are You Suffering"