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Dear Colleague:
How to Deliver What Your CEO Wants
1. Determine by asking what the
CEO wants.
For example: Higher stock price.
To be bought (or at least sought after). Greater sales/earnings.
Breakthrough developments. Cover articles in important media. New
York Times, Wall Street Journal, Business Week, Fortune coverage.
Prestigious speaking engagements. Political ties. Awards.
University
deans want higher U.S. News rankings, grants and donations. Non-profits
want money and programs. Whatever he/she wants, you have to ask
to be sure about it. And don't forget to use your savvy and company
experience to anticipate what the CEO doesn't ask for. Who is pressuring
the CEO for results and what do they want?
2.
Focus on it.
With enough money, targeted effort,
and creativity, you can get a strong enough PR program to climb
a notch in rankings against competitors and move closer toward
any CEO's objectives. Don't hesitate to call us for back issues
of this letter and articles devoted to this point.
3.
Remember the CEO is a person too. Know his/her style.
Does he want meetings or independent
initiative? Does he like complete proposals or ideas he'll develop
with you?
Is his attitude professional, no-nonsense,
all-business, or does he like to let his hair down.
How to Measure PR
The more you measure and try to
measure the better.
· Count leads and actual sales
attributable to PR. Differentiate results by program geography,
topic or response mechanism to separate from overlapping advertising
or other communications programs. Remind
colleagues who take calls from prospects to ask and record what
motivated them to call.
·
State other measurable objectives inquiries, information orders,
votes, for example before PR programs; then compare achievements
to these objectives. Review monthly reports that summarize current
and expected results as well as activity underway and planned.
·
Survey reporters, customers, neighbors, employees, industry leaders,
government officials, etc. every 6-12 months.
·
Conduct a total quality communications audit; follow-up in 6-12
months and annually thereafter.
·
Count publicity volume, weighing it subjectively as positive, neutral,
negative. Measure circulation in target markets, in designated time
periods. And track changes.
·
Compare media space and time generated by PR vs. the cost of advertising
and other forms of communication, although this is clearly not "apples
vs. apples". You can't buy editorial coverage.
·
Subtract your company's book value from market value most of the
difference is reputation.
·
Judge the value of ideas and execution. Gather impressions about
the PR function. Do colleagues feel it's professional, pro-active,
creative, responsive, prepared, thorough, thoughtful? Are writing
and graphics top quality?
Is Your PR Firm Tracked to Successor
Trouble?
Is the
firm over-promising? Is it trying too hard, trying to increase budget,
gain more responsibility, or win an award? If so, bring them down
to earth before they're out of control.
Are they
putting too much of your budget into one program subsection, perhaps
one big event? Shorten the accounting timetable, i.e., actual and
planned outlays vs. budget. Otherwise you won't get attention because
your budget has unwisely been used up.
Get rid
of those annoying little out-of-pockets, or you'll wonder if your
firm is spending as much time on output as they are on tracking
charges. Tell them to lump minute expenses in one monthly catch-all
sum, and show invoices where possible.
Do you
think, "It's obvious that my company is newsworthy why aren't
the media calling? Where are the placements?" Ask your firm to re-evaluate
itself; then call three reporters yourself and ask how important
they think your developments are.
Is your
firm prioritized, focused? Do they emphasize your priorities, not
theirs? If not, nudge them. If need be, two weeks later, write them
a letter. If they haven't come around in yet another two weeks,
fire them.
Is your
firm so excited about the latest e-craze that it has lost sight
of fundamentals? Conversely, those reporters who live by e-mail
do appreciate links built into pitch letters, for example. Firms
should have the new technology, including diversified internet resources,
at their command, in proper perspective.
Are you
locked into an unworkable contract? Of course, your firm "insists"
they need the stability of annual agreements. But you can insist
on periodic performance evaluation and ease out if they can't
keep a team you like, or underperform.
Watch
the little things. How long before messages are returned; how often
do you receive unsolicited planning calls and visits; pro-active
work beyond the requirements of the program? Does your team sound
over-worked? How often is something late? Do you get good-looking
work, innovation, a smile?
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