Understanding the spread of misinformation is crucial due to its potential harm to companies, including damage to reputation, erosion of trust, and negative financial impact.
The study aimed to understand how false information about products spreads on social media and its effect on trust and negative opinions about companies.
Researchers developed a model to illustrate the diffusion process of product-harm misinformation based on cue diagnosticity and corporate associations frameworks.
A survey involving 504 US consumers focused on the false claims that Coca-Cola was recalling Dasani water, examining the impact of misinformation on consumer trust and inclination to spread negative information.
In-depth interviews with communication professionals provided insights into the strategies used to combat misinformation.
The study found that people who were less skeptical or perceived misinformation as trustworthy were more likely to associate it with the company, affecting their view of the company's management.
Strategies to counter misinformation included preparedness, proactive communication, fact-based messaging, seeking third-party endorsements, and strengthening corporate associations and trust.
The findings have implications for preserving consumer trust, protecting reputation, preventing negative word-of-mouth, informing communication strategies, enhancing crisis management, and safeguarding the bottom line.
The study highlights the need for companies to address false information effectively and build trust with their customers to mitigate the negative impact of misinformation. Communication professionals can play a crucial role in educating consumers, countering misinformation, and implementing proactive measures to strengthen corporate associations and trust.