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How Coke and Pepsi Are Using Social Media to Build Their ‘Trust Banks’

<!DOCTYPE html> <!--[if IE 8]> <html class="ie8 "> <![endif]--> <!--[if IE 9]> <html class="ie9 "> <![endif]--> <!--[if !IE]><!--> <html class=""> <!--<![endif]--><!-- _____________ _ _ hbr.org _ |/////////////| | | | | | | |:\/E:R|:T/\S:| | |__| | __ _ _ ____ ____ _ _ __ __| | |+++++++++++++| | __ |/ _` | '__\ \ / / _` | '__/ _` | |\:+:\ /:+:/| | | | | (_| | | \ V / (_| | | | (_| | | \:::\ /:::/ | |_|__|_|\__,_|_| _ \_/ \__,_|_| \__,_| \ \ ::+:: / / | _ \ (_) \ /::/ \::\ / | |_) |_ _ ___ _ _ __ ___ ___ ___ \+:/ \:+/ | _ <| | | / __| | '_ \ / _ \/ __/ __| \/_____\/ | |_) | |_| \__ \ | | | | __/\__ \__ \ To improve the |____/ \__,_|___/_|_| |_|\___||___/___/ practice of | __ \ (_) management and | |__) |_____ ___ _____ __ its impact in a | _ // _ \ \ / / |/ _ \ \ /\ / / changing world. | | \ \ __/\ V /| | __/\ V V / est. 1922 |_| \_\___| \_/ |_|\___| \_/\_/ --> <head> <meta charset="utf-8" /> <meta http-equiv="X-UA-Compatible" content="IE=edge"/> <meta name="msapplication-config" content="none"/> <title>How Coke and Pepsi Are Using Social Media to Build Their &lsquo;Trust Banks&rsquo;</title> <link rel="canonical" href="https://hbr.org/2010/05/how-coke-and-pepsi-are-using-s"/> <meta name="item-id" content="tag:blogs.harvardbusiness.org,2007-03-31:4.7418"/> <meta property="og:type" content="article"/> <meta property="article:section" content="Social media"/> <meta name="twitter:site" content="@harvardbiz"/> <meta name="item-name" content="How Coke and Pepsi Are Using Social Media to Build Their &lsquo;Trust Banks&rsquo;"/> <meta name="page-category-name" content="Social media"/> <meta name="description" content="Coke and Pepsi are very active in social media, and I think their hard work is helping to build up a bank of trust with their audiences. As has been widely reported, Pepsi decided not to use its Super Bowl ad budget to try to create a set of iconic commercials. Instead, it used it […]"/> <meta property="article:publisher" content="https://www.facebook.com/HBR"/> <meta property="article:modified_time" content="2014-07-23T16:27:45Z"/> <meta property="og:image" content="https://hbr.org/resources/images/hbr_opengraph_940x490.png"/> <meta name="apple-itunes-app" content="app-id=1445571382, app-argument=https://hbr.org"/> <meta name="twitter:card" content="summary_large_image"/> <meta property="article:published_time" content="2010-05-28T13:01:40Z"/> <meta property="og:url" content="https://hbr.org/2010/05/how-coke-and-pepsi-are-using-s"/> <meta property="article:tag" content="Social media"/> <meta property="article:tag" content="Customer experience"/> <meta property="article:tag" content="Marketing"/> <meta name="twitter:image" content="https://hbr.org/resources/images/hbr_opengraph_940x490.png"/> <meta property="og:description" content="Coke and Pepsi are very active in social media, and I think their hard work is helping to build up a bank of trust with their audiences. As has been widely reported, Pepsi decided not to use its Super Bowl ad budget to try to create a set of iconic commercials. Instead, it used it […]"/> <meta name="twitter:creator" content="@harvardbiz"/> <meta name="article-content-type" content="Digital Article"/> <meta property="og:site_name" content="Harvard Business Review"/> <meta name="viewport" content="initial-scale=1,width=device-width"/> <meta name="page-category-id" content="391843"/> <meta name="uid" content="0F9C64C1543D162F20B7F7BD3AB27A1C"/> <meta name="shopper-attributes" content="state:guest"/> <meta property="og:title" content="How Coke and Pepsi Are Using Social Media to Build Their &lsquo;Trust Banks&rsquo;"/> <meta name="page-type" content="ITEM"/> <meta name="page-id" content="300"/> <meta name="ox-group" content="537063787"/> <meta name="robots" content="max-image-preview:large"> <!--[if lt IE 9]> <script type="text/javascript" src="/resources/js/support/hbr/elements.js"></script> <script type="text/javascript" src="/resources/js/support/foundation/foundation.js"></script> <![endif]--> <script type="text/javascript"> ;window.NREUM||(NREUM={});NREUM.init={distributed_tracing:{enabled:true},privacy:{cookies_enabled:true}}; ;NREUM.loader_config={accountID:"858143",trustKey:"858143",agentID:"16887721",licenseKey:"e93df31780",applicationID:"8171118"}; ;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"e93df31780",applicationID:"8171118",sa:1}; ;/*! 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content-area--left-aligned"> <div class="pre-container"> <div class="headline-wrapper"> <div class="top-components article-width-wrapper"> <div class="site-logo--for-print standard"> <img src="/resources/css/images/HBR_logo_black.svg"> </div> <div class="slug-container"> <a class="slug-content" href="/topic/subject/social-media"> Social media </a> </div> <div class="headline-container"> <h1 class="article-hed"> How Coke and Pepsi Are Using Social Media to Build Their ‘Trust Banks’ </h1> </div> <div class="article-dek-group"> <div class="article-dek">Coke and Pepsi are very active in social media, and I think their hard work is helping to build up a bank of trust with their audiences. As has been widely reported, Pepsi decided not to use its Super Bowl ad budget to try to create a set of iconic commercials. Instead, it used it […] <div class="article-byline "> <span class="by-prefix">by </span> <ul class="article-byline-list"> <li class="article-author"><a href="/search?term=john%20j.%20sviokla">John J. Sviokla</a></li> </ul> </div> </div> </div> <div class="article-byline detached"> <span class="by-prefix">by </span> <ul class="article-byline-list"> <li class="article-author"><a href="/search?term=john%20j.%20sviokla">John J. Sviokla</a></li> </ul> </div> <div class="pub-date"> May 28, 2010 </div> </div> </div> </div> <div class="standard--container"> <div class="article-width-wrapper flexed"> <hero-image > <div class="hero-image-content "> </div> </hero-image> <page-utils class="article-utils--horizontal-topbar hide-small hide-for-print" data-js-target="page-utils" data-id="tag:blogs.harvardbusiness.org,2007-03-31:4.7418" data-title="How Coke and Pepsi Are Using Social Media to Build Their ‘Trust Banks’" data-url="/2010/05/how-coke-and-pepsi-are-using-s" data-topic="Social media" data-authors="John J. Sviokla" data-content-type="Digital Article" data-content-image="" data-summary="<p>Coke and Pepsi are very active in social media, and I think their hard work is helping to build up a bank of trust with their audiences. As has been widely reported, Pepsi decided not to use its Super Bowl ad budget to try to create a set of iconic commercials. 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Sviokla" data-content-type="Digital Article" data-content-image="" data-summary="<p>Coke and Pepsi are very active in social media, and I think their hard work is helping to build up a bank of trust with their audiences. As has been widely reported, Pepsi decided not to use its Super Bowl ad budget to try to create a set of iconic commercials. 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Sviokla" data-js-target="author-avatar" style="background-image: url(/resources/images/article_assets/2013/09/110-john-sviokla.jpg);"> </author-avatar> </div> <div> <span> <a href="/search?term=john%20j.%20sviokla&search_type=search-all">John J. Sviokla</a>, Co-Founder of GAI Insights has been a senior consultant with PwC, Diamond, and was on the faculty of HBS for over decade. &#160;His passion is understanding how computability of reality changes organizations and competition and that&#8217;s what he researches, writes, and speaks about. </span> </div> </li> </ul> <page-utils class="article-utils--horizontal hide-for-print" data-js-target="page-utils" data-id="tag:blogs.harvardbusiness.org,2007-03-31:4.7418" data-title="How Coke and Pepsi Are Using Social Media to Build Their ‘Trust Banks’" data-url="/2010/05/how-coke-and-pepsi-are-using-s" data-topic="Social media" data-authors="John J. Sviokla" data-content-type="Digital Article" data-content-image="" data-summary="<p>Coke and Pepsi are very active in social media, and I think their hard work is helping to build up a bank of trust with their audiences. As has been widely reported, Pepsi decided not to use its Super Bowl ad budget to try to create a set of iconic commercials. 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