Good Morning, Money!

Ep.488 Surviving a Serial Killer: How Tylenol Turned a Deadly Crime into an Unassailable Business Moat

1 min · Ayer
Portada del episodio Ep.488 Surviving a Serial Killer: How Tylenol Turned a Deadly Crime into an Unassailable Business Moat

Descripción

When a crisis strikes, the natural corporate instinct is to minimize liability and hide behind PR. Do the exact opposite.  The 1982 Tylenol crisis proved that voluntarily taking a massive financial hit to protect your customers is the ultimate strategy for brand survival.  Stop defending operational mistakes and start radically over-correcting them to buy an unassailable layer of lifetime trust that no competitor can touch. Send us Fan Mail [https://www.buzzsprout.com/2406281/fan_mail/new]

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