Posts Tagged ‘Media Value’


The Future of Public Relations: Seizing the Opportunity

Monday, July 19th, 2010

Bulldog Media Relations Summit Virtual Conference: The Future of Public Relations Seizing OpportunityI wasn’t able to attend this year’s Bulldog Reporter’s Media Relations Summit workshop (in New York) in person earlier this month. However, I did have the opportunity to attend virtually. 

Speakers for the panel “The Future of Public Relations: Seizing the Opportunity” consisted of:

  • Aedhmar Hynes, CEO of Text 100
  • Matt Harrington, president and CEO of Edelman U.S.
  • Peter Land, SVP, communications, at PepsiCo Beverages Americas
  • Martin Murtland, VP, solutions for corporate communications for Dow Jones Inc.

I’ve listed some of the key points that I heard in the podcast. (NOTE: Unfortunately since there was only audio and no video, I was unable to keep track of exactly who was speaking at some times – so my apologies, in advance, to the panel if I’ve not credited you with your quotes.)

Hynes talked about marketing, advertising, public relations, etc. all being separate departments with separate budgets, as this is the business model that’s served well in the past. However, in reality, the future of the industry is about communicating the brand of the organization. What are the goals as a whole and what are the skill sets that match those strategic goals? This is the time for organizations to think about the fundamental concept of moving away from managing information or news to shaping and directing conversation.

Companies must influence the influencers. The concept of third-party advocacy has never been more important than it is now.

As in any discussion of PR these days, the conversation moved to changes in ROI and measurement and analytics. We all know we should get away from ad value equivalency, but what do we use in its place (aside from media value)?  How do you know your campaign is a success?  There are many tools out there that measure “online buzz.” Yet what does that really mean?  It goes back to where you start – when you set your goals, they must be measurable. Measurable goals will drive your reporting and allow you to determine which strategies were successful.   

So, what does the future look like for public relations?

  • PR now has more opportunity and voice as it relates to corporate strategy. In other words, PR professionals are gaining more access to the C-suite.
  • The future (of PR) is about confidence and being nimble. According to Land, we must be able to move incredibly fast and confident to walk into our CEO’s office and make suggestions.
  • The move away from “agency of record” was briefly discussed because corporations have multiple needs (e.g., advertising, digital, creative, B2B, direct to consumer, etc.)  
  • The next decade in public relations is predicted to be the most exciting in history thus far. It may seem like it’s “back to the future,” as some have lost sight of fundamental best practices, but we must now come back to this strategic consulting in shaping views, per Hynes.

What would you add? What does the future of PR look like in your mind’s eye? If you attended the conference virtually, what are some of the points you took away from it. Please share your thoughts with me and the readers of BurrellesLuce Fresh Ideas.

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Media Measurement: A Long Term Investment

Wednesday, May 19th, 2010

by Tom Kowalski*

Media MeasurementIn this day in age, it’s becoming exceedingly important for public relations professionals to show their worth.  As PR pros, we all know that effective public relations is as equally important as the rest of the communications mix. Unfortunately, some top executives are still hard-pressed to understand the value of PR. This is where media measurement and analysis are vital to demonstrate results.

Recently, Randall Chinchilla, external relations manager, P&G, spoke with Erica Iacono, executive editor, PRWeek, at a BurrellesLuce sponsored round table discussion to underline the importance of measurement in long-term ROI (return on investment.)  He explained that executives are more apt to understand the value of public relations when shown measurable results over time and the impact to the business. 

According to Chinchilla analysis should be done over time, not only on a “project” basis. Yes, it’s great to see colorful charts and graphs that give a visual (perhaps a spike in publicity for a certain campaign) but more important is how that specific event contributes to the business’ goals over time. It’s hard to determine ROI from a single event when engagement from an event can have a long cycle. When a company invests in a campaign, usually it’s a long term investment. Therefore, the results need to be measured consistently as well. When meaningful analysis reports are presented over a period of time, budgets for measurement are less likely to be cut. 

In a digital age, where most of the chatter is online, there are also many challenges to understanding and measuring the messages on the Internet and it is difficult to predict how they directly impact your business. Chinchilla explained that it’s a constant uphill battle on how to best evaluate discussions on blogs and social media (e.g., Facebook and Twitter) and how it affects long-term ROI. The consensus? There doesn’t seem to be any real clarity on how social media affects the future of the business.    

Another great point Chinchilla made was that measurement cannot be cookie cutter. One organization’s goals are not the same as another. A great example is that media value or AVE (ad value equivalent) are not a good single-measure of how successful your business is doing. It’s great to show what PR is worth in dollars, but more important for P&G is engagement. There are many other variables that should also be incorporated into the evaluation, but they are different depending on the goals of your business. Are we tracking the online conversations and what’s being said?  Is the message positive or negative and how is it directly affecting the organization in the short-term and perhaps more importantly over a long period of time?

The bottom line: Information and data come in fast, but analysis of results takes time in order to be impactful and thoughtful.

So, how do we really know how PR affects the future our business? How can we align our analysis strategies with organization objectives to show added value?

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*As an Account Manager at BurrellesLuce, Tom Kowalski works closely with New York-based clients and PR agencies. Tom brings extensive knowledge of the PR industry with more than 7 years of agency experience. He hopes to stimulate readers of BurrellesLuce Fresh Ideas by sharing useful information related to the communications industry and business in general, as well as different perspectives on customer service. LinkedIn: Tom Kowalski Twitter: @BurrellesLuce Facebook: BurrellesLuce

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Magazine Ad Value Per Minute Study- Relevance or Selling Their Own Hype?

Tuesday, March 31st, 2009

A recent article on MediaDailyNews describing a report by Magazine Publishers of America, revealed an index comparing TV, online, radio, newspapers, and magazine advertising values. After an apparent shift in supported data there appears to be a new opinion and a new metric for successfully measuring these values. When Time/Ad Impact Ratio is applied to major consumer media it implies magazines carry more than twice the impact of TV, online, radio and even photo courtesy of Johna Burkehigher than traditional newspapers. While this appears to be an attempt to create a new metric supporting this thesis I discourage PR pros from giving this too much credence.

Using Ad Value Equivalency (Media Value) as a media measurement metric is a common PR practice, but not considered a best practice. BurrellesLuce counsels practitioners who are required to show AVE to use it as an index over time vs. a stand-along metric. If you currently provide AVE as a metric of media measurement, the “best practice” is to only use the portion of the article specific to your mention. While there are those who will immediately dismiss the relevance of AVE the reality is there are still executives demanding this evaluation. Realizing there is a certain amount of trust that must be built up before you can convert AVE advocates we want you to know you have a support system with BurrellesLuce. By using this as one metric in an index where you will likely see some correlation practitioners will ultimately be able to provide a more holistic (quantitative and qualitative) analysis to raise the profile of public relations.

While I don’t subscribe to the theory that magazine advertising is more credible I know I don’t want to go without my beloved glossy pages. I believe within the thinning pages of Time and Fortune lies some of the only remaining investigative reporting. The thought of being without magazines is ghastly as long as the “please discontinue use of all portable devices” rule is in effect on every flight.

Can you imagine waiting for your dentist, doctor or hair appointment without the companionship of magazines?

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