What can we learn from brands that successfully recovered from crises?
Brands that recover well often focus on transparency, customer engagement, and swift action to address issues.
Can you give me an example of a brand that did this well?
Sure! Johnson & Johnson's Tylenol crisis in the 1980s is a classic example. They quickly recalled products and communicated openly.
What strategies did they use to regain customer trust?
They prioritized consumer safety, launched a new tamper-proof packaging, and engaged in extensive public relations efforts.
Are there any recent examples of brand recoveries?
Yes, look at Volkswagen's response to the emissions scandal. They invested in electric vehicles and focused on sustainability to rebuild trust.
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