Regardless of what your customer base or business partners deem important, those potentially hot-button variables should face scrutiny. We should continually strive to land on the “solution” end of the spectrum, regardless of whether those solutions are currently reflected in your product mix, or if the solution is in progress. People want to see progress.
While developing a strong rapport with your core consumers will bring in the market intelligence you need to find actionable items for change, the first step is self-awareness. You must first understand who you are as a company, and then accurately present that reflection to the public.
This core aspect of market strategy was a key variable in the pathway Wyandot Snacks traveled toward earning Certified B Corporation status, a journey we follow this month in our cover story. A few years ago, Wyandot Snacks began several corporate initiatives to strengthen the company, including projects related to transportation, waste, the workforce, and sustainability. “We struggled for a number of years trying to define what ‘sustainability’ meant, how to create goals around it, and how to communicate these efforts to the wider team and community,” says Alicia Sexton, senior manager of sales, in the article.