Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









Successful Company Communications Is All About Delivering Value

Written by: Andy Marken

Article Overview: Your best PR programs produce a solid ROI that is real and can be measured.

Free Download - Tap-n-Go is Good for Everyone But Consumers, Retailers By Andy Marken
Name: Email:

Successful Company Communications Is All About Delivering Value

Over the years hundreds of highly respected professionals and educators have developed comprehensive and often complicated descriptions of what makes effective corporate communications. There have been heated discussions regarding the separation of public relations from advertising, public relations from marketing and the very role public relations should play of the organization.

What has been most counter-productive has been public relations desire to distance itself from the distasteful task of actually “selling” the company, its propositions, its products, its technologies and its services. If it doesn’t help perpetuate the company what value does it serve…regardless of the definition?

We recently read one of the clearest, most concise and easiest to understand descriptions of public relations. It stripped away all of the rhetoric and all of the lofty philosophy…”effective public relations is simply applied common sense.”

Common sense says that a company must achieve sales and must produce profit if it is to survive. If it doesn’t survive then it stands for nothing and is worth nothing. Done properly public relations adds value by employing people, by providing a return to shareholders, by delivering product/service value to customers and even by supporting our governmental institutions.

Common sense says that for programs to be successful they must be founded on business objectives, not “PR” objectives. They must focus on the company’s brand equity, not on individual products. This branding activity must extend beyond media relations, charitable giving, legislative relations and other niches.

Accomplishing all of this is no easy task. It means that the firm’s public relations activities – internal or external – have to understand – and be involved in – building and promoting the company’s brand franchise. Some people like to refer to this process as integrated marketing communications (IMC). We prefer not to apply some self-limiting label but rather to think of it as doing what is necessary to ensure the company survives and prospers.

It requires the company to have a public relations team that is involved in building trust with all of the firm’s buyers and sellers. Public relations can’t simply go to senior management, plead their case and get a mandate to be responsible for the establishment and vocalization of the company’s total activities… won’t happen.

They need to start slow and take small steps. Public relations is a service and support function, not a policy direction activity. PR people need to advise and assist in branding activities online and offline. They need to become involved in assisting purchasing, HR, sales activities, face-to-face encounter training, trade show activities, web activities including customer service/customer support and other efforts that involve the company’s brand franchise and the organization’s bottom line results.

Too frequently PR people waste their efforts because they are so busy “practicing” public relations they forget their primary mission. All too often the success or failure of their “practice” is weighed by the pound…how many print, audio and video clips and how many web site mentions/hits. Since they weigh more, too many PR people rationalize that fifty hits that don’t further the company’s goals are obviously worth more than five that support and extend the company’s brand franchise.

Wrong!

Effective public relations is much like a three-legged stool: a) understanding the company’s anchor value, b) understanding the customer value proposition(s) and c) understanding the marketplace positioning of the products or services. Understanding the three will help the company will help tangibly produce sales and profits and long-term benefits.

Anchor Values
The company’s anchor values should control and guide every strategic and tactical PR activity. From the day it opens its doors every firm is based on specific purposeful and fundamental values that highlight the company’s strategic ambition, direction and plan for the future.

Without a good understanding of these values it is impossible for public relations to honestly and effectively deliver for the company. Without a clear understanding of what the company is trying to achieve public relations simply goes through the motions. But by being on the same wavelength they can ensure the right basic message is always delivered, that it is delivered to and through the right channels and that it achieves the desired impact and objective.

Customer Values
The second leg of a sound PR program is to clearly understand what the anchor values mean to the consuming public. This means you have to translate the company’s values into general and product/service specific customer values and benefits.

All too frequently PR people tend to list the tangible, technical and functional benefits and stop. Referred to as specsmanship, the focus is a one way stream from the company to the marketplace rather than taking the time and effort to understand and project this information in consumer terms.

More importantly PR people often list the tangible values and stop. Even in business-to-business there are intangible values – the emotional areas that must be satisfied. In the early computer days there was a common – never listed line item on purchase orders – the intangible value that no one was ever fired for buying from IBM. In recent history, Intel Inside has been used by PC and notebook manufacturers to give the buying public added reassurance with their system purchases.

Intangible and tangible customer values must continuously support each other and support/reinforce the company’s anchor values.

Positioning
The third leg of the PR program is product/service positioning which will vary from market segment to market segment. If the dotcom trials and tribulations of the past year have shown us anything it is that there is no such thing as one global market.

Using Intel as an example, there is a different positioning proposition for dealers, first time buyers, corporate buyers, professional users, software developers, video/multimedia developers, computer manufacturer management, engineers and buyers as well as other micro markets.

The same positioning process holds true for consumer products and business/consumer services. Auto manufacturers tailor different messages for dealers, fleet buyers, people in different age groups, men and women and even different nationalities. Online services that survive are quickly learning to micro manage their positioning messages. Service organizations like legal, financial, venture capital, market research and yes even public relations are tailoring their messages to specific market and client segments.

A Program with Legs
When a PR program is based on clearly defined anchor values, customer values and positioning; the actual implementation and tactics are easier to manage and carry out. Or to put it in the vernacular of the day…it’s a program with legs or a program with traction.

Suddenly it becomes easier to establish and manage the relationship with the company’s many audiences. Not slam-dunk easy but easier.

The most difficult aspect of the program will be the internal management issue. We increasingly live and operate in an instant results, instant gratification environment. No part of the public relations or communications program is instant. It requires consistency and continuity.

Too frequently management is willing to approve a given tactic or activity and immediately expect positive results – sales, favorable legislation, increased stock valuation or a similar ripple in the time/space continuum.

The effort or activity may build awareness but awareness seldom develops an initial relationship and certainly doesn’t develop a long-term relationship. That only comes with a consistent and continuous program.

At the same time public relations people have to continuously manage, monitor and question every tactical aspect of their programs and the individual messages. Internal and external forces are in a constant state of flux. What was effective last month or yesterday can be totally ineffective – or worse counterproductive –today.

That’s one of the key reasons that applied common sense delivers value in your organization’s public relations and communications program.
########

Related Articles
  Twelve Tips For Strategic Business Communications According To Your Strategic Thinking Business Coach
  Communications Audit who hears your message
  Growing Your Pipeline Through Targeted Communications Strategies
  Is Your PR Firm Right For You?
  Four words

Home > Marketing > Andy Marken > Successful Company Communications Is All About Delivering Value
Article Tags:

About the Author: Andy Marken
RSS for Andy's articles - Visit Andy's website

G. A. "Andy" Marken President Marken Communications, Inc. Santa Clara, CA Andy has worked in front of and behind the TV camera and radio mike. Unlike most PR people he listens to and understands the consumer’s perspective on the actual use of products. He has written more than 100 articles in the business and trade press. During this time he has also addressed industry issues and technologies not as corporate wishlists but how they can be used by normal people. He has been a marketing and communications consultant for more than 30 years involved in the wild early days of the Internet/Web, heyday of the videogame industry and the maturing professional and consumer video industries. His experience includes years with Internet pioneer CERFnet, TCG and AT&T. Andy has worked in the software, Web 2.0, video and storage industry with Panasonic, Philips, Dazzle, Atari, NTI, ADS Tech, Pinnacle Systems, CyberLink, InterVideo, Ulead and Verbatim.

Click here to visit Andy's website
Dashed Line

More from Andy Marken
Branding Unbound
Book Review
TV Viewing Without The TV Set
The Home NetworkEntertainment Connection IsEasy
CES 2010 Look Good Act Assured Play Loud


Related Forum Posts
How to valuate a business How to valuate a business - Hi Garth - here is how we did it at Northern Crown Capital when I was helping them raise venture capital for Toronto-based entrepreneurs. Assume the start date is 2003 so 2008 projections are 5 years out: How Northern Crown Capital Valuates a Business 2008 Financial Projections Earnings Before Tax $5,865,000 Tax Rate 42% Taxes $2,463,300 Net Earnings $3,401,700 Amount Seeking to Raise Today $3,500,000 Discounted Value of Future Opportunity, 5 Years Out 2008 P/E Ratio 15 Value of Company in 2008 $51,025,500 Discount Rate Applied 30% Year 2008 $51,025,500 Year 2007 $35,717,850 Year 2006 $25,002,495 Year 2005 $17,501,747 Year 2004 $12,251,223 Value of Company at Investment in 2003 $12,251,223 Less: Investment Amount $3,500,000 Present Value $8,751,223 Discount for Risk & Private Company 40% Less: Discount for Risk & Private Company $3,500,489 Private Company Value $5,250,734 Present Value (What the Owner Keeps) $5,250,734 60.00% Financing (What the Investor Gets) $3,500,000 40.00% Total $8,750,734 100.00% I hope this helps!
And the speakers for the Nov 1 event And the speakers for the Nov 1 event - Inspiring speakers will share their stories of launching, living and dreaming. Speakers include: Kathleen Matthews: Executive Vice President Global Communications and Public Affairs, Marriott International, Inc. and former award-winning producer, reporter and news anchor who covered news in Washington, DC for 25 years Mei Xu: Founder and creator of CHESAPEAKE BAY CANDLE and Blissliving Home Julie Lenzer Kirk: President of Path Forward International and author of The ParentPreneur Edge: What Parenting Teaches About Building a Successful Business Jennifer Buddin: Co-founder of "The Little Black Book for every busy woman" Victoria Colligan: Founder of Ladies Who Launch Frances Crespo and Nicolette Pizzitola: Ladies Who Launch Washington, DC Leaders Educational workshops and information gathering Invaluable exchanges, introductions, business contacts and referrals Exclusive discounts, free consultations and access to original products and services Lunch and spa services An opportunity to become a "Featured Lady" on Ladies Who Launch Valuable GIFT BAG guaranteed with pre-registration
Re: What's 1 word to describe what your business will be in 2012 Re: What's 1 word to describe what your business will be in 2012 - Successful.
Books for Women Entrepreneurs Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women
What is one of your favorite sales and marketing book? What is one of your favorite sales and marketing book? - One of my favorite sales and marketing book is called Delivering Happiness by Tony Hsieh. It tells a story of how a guy quit a high paying corporate job after graduating from Harvard in order to pursue a business dream, while working with a group of friends. They eventually built a business that is now worth over a billion dollars called Zappos.com. The entire books concept was on how to market a successful business. I enjoyed reading the book and learned a lot from it. What is one of your favorite marketing books?


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Four Secrets to Earning Income as an Author

Leader's Success Secret: Celebration

Online Business Ideas: A Look At Various Options

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.