Saturday, January 02, 2010

Transparency Bites



There's a firestorm that's erupting over how JPMorgan Chase & Company has fumbled its online contest to award millions of dollars to 100 charities this holiday season, and the incident is sending a stark reminder to socially-conscious companies trying to raise their "good" profile.

The message? Transparency matters (a lot) to today's cause-wired consumers. But that's not all. There's another lesson here that bears repeating, and it is this: don't invite Web-savvy crowds to participate in a "do-good" project without giving them control over the outcome - regardless of what the CEO thinks of it. Online fans and networks, it's clear, cannot be shut down nor controlled once you energize them around open initiatives they care about. Try micromanaging or censoring the people you invite to an online gathering, and you risk being accused of "cause-washing" -- or worse.

The Chase brouhaha, in case you missed it over the weekend, first came to light on Saturday, in a New York Times story by reporter Stephanie Strom about how Chase is keeping its customers and Facebook "fans" in the dark about the outcome of a recent online contest it organized to give supporters a chance to vote for their favorite charities.

See full Article.