Posts Tagged ‘metrics’


Business Objectives and the Bottom Line: Karla Wachter, Waggener Edstrom Worldwide, Interview With Johna Burke at the 2011 PR News Measurement Conference

Friday, April 8th, 2011

Transcript -

JOHNA BURKE: Hello, this is Johna Burke with BurrellesLuce, and we’re here at the PR News Measurement conference. I’m joined by Karla.

Karla, will you please introduce yourself?

KARLA WACHTER: You bet. I’m Karla Wachter, I’m the senior vice president of Insight and Analytics for Waggener Edstrom Worldwide.

BURKE: Karla, you were talking earlier about, you know, people and how they need to tie business objectives to their bottom line. And I think a lot of the viewers probably have very quantitative-based programs right now. What are some of the tips that you would offer for people that want to adopt a more qualitative approach to their measurement campaign?

WACHTER: You bet. Well, first of all, I want to point out that it should be customized based on your unique business problem and business objectives for your company. That’s the most important thing as a filter.

The second thing is taking it beyond volume into thinking about some of the standard metrics like tone, but really thinking today about engagement as well as a core qualitative measurement as well, to really be able to start linking effectively and bridging that gap between what is an output today to an outcome.

BURKE: Excellent. Karla, where can people connect with you online and in social media?

WACHTER: Yes, @karlawachter on Twitter, and waggeneredstrom.com online.

BURKE: Thank you so much, Karla.

WACHTER: Thank.

  • Share/Bookmark

Evaluating Your Communications Program: Business Objectives, Measurement Goals, and You.

Thursday, March 10th, 2011
Measuring Results

February 2011

Over the years, PR and marketing practitioners have sought to develop a holistic measurement program, one that combines both qualitative and quantitative metrics. Holistic measurement serves two aims: documenting the success of communications activities, and helping achieve a practical understanding of the conversations taking place and the activities resulting from outreach efforts.

But, even with all the reporting tools that are designed to help PR and communications professionals make sense of their media-relations results, many practitioners seek guidance on designing a program with the attributes most relevant to their specific business.

So, what are the best ways to demonstrate success with The Media and to document for clients or top management the return on investment of a media relations program? Check out the most recent BurrellesLuce newsletter, “Evaluating Your Communications Program: Business Objectives, Measurement Goals, and You” to learn:

  • Why business objectives are key to outlining measurement goals.
  • How to identify essential qualitative and quantitative metrics.
  • Questions to ask yourself as you travel down the road of media measurement.
  • Share/Bookmark

The Marketer’s New Clothes

Tuesday, June 29th, 2010
Flickr Image: gfpeck
Flickr Image: gfpeck

First appeared on Social Media Marketing Magazine, June 24, 2010.

My friends and I have joked over the years about CEOs (who will remain nameless) taking on the persona of the “Emperor” in the Hans Christian Anderson tale, The Emperor’s New Clothes. It was all fun and games until we let a CFO friend in on the joke, who suggested that, perhaps, marketing and public relations professionals are the scoundrels in this analogy. Ouch! This seemed harsh, but it gave me pause to reflect and better educate my CFO friend on why we are not the scoundrels.

In the spirit of his DNA, the CFO only responded to the numbers. Not just any numbers, but those that impacted the bottom line of the business. Certainly, this was the beginning of a beautiful relationship. He opened my eyes to the importance of every activity driving the bottom line, and I opened his eyes to the importance of the customer experience. Without evaluation and measurement, it was hard to know where you’ve been, where you are, where you’re going, and the most efficient way to get there.

While he appreciated the metrics I was using to manage the department (the outputs and the outtakes) and pointed out that perhaps those were simply the bolts of invisible fabric, clothing my CEO (and organization) with those metrics would be just like sending him out into the crowd naked. This was a pointed lesson that took hold and has stayed with me throughout the years.

In this analogy, is social media the cloth, the crowd, or the golden thread?

Social media is the golden thread. It’s real and it’s quantifiable. It’s how you use it in the weave of your fabric that makes it an effective cover of your efforts.

In social media, one of the easiest metrics to quantify is the conversion of an unknown to a qualified prospect. While this is an important metric to the marketing department to understand how your campaigns are performing, it’s only when the conversion becomes a sale (or outcome equivalent) that it really matters to the organization as a whole. The same stands true with engagement. While engagement is important, we should all look for opportunities to listen and learn from our customers. Until there’s a marriage or the deal is closed, it’s really all ceremony.

The moral of the story?

  • Know the difference between metrics necessary to manage your department and those important to the business objectives of your organization.
  • Don’t allow your organization or CEO to be naked while pretending to be clothed.
  • As a matter of strategy, make sure your organization’s “suit” is made of only the finest fabric, woven with solid metrics that are visible to the crowds (investors and stakeholders).
  • Don’t invest your time or resources in anything—including and perhaps especially, social media—that doesn’t cover your organization as you venture out into the crowds.

In the final analysis, trust your eyes, and if something doesn’t look right, say so. Even if it isn’t a popular thing to do.

  • Share/Bookmark

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?

***

*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

  • Share/Bookmark

BurrellesLuce Newsletter: Private vs. Public Conversations Measurement in the Digital World

Friday, April 30th, 2010

Examining graphs with other people on background

Over the years PR and marketing practitioners have sought to develop a holistic measurement program, one that combines quantitative and qualitative metrics, to not only prove the success of their overall communications strategy, but also as a way to understand the conversations taking place publicly and privately.

Business has its own set of metrics in relation to driving the bottom line and companies cannot report on tweets, comments, direct messages, etc. Rather, they must report on the number of conversions, leads, and closes. For public relations and marketing professionals it is essential that they translate both public and private conversations into the language of the C-suite — ultimately helping to show added value to the organization… Read more of the BurrellesLuce newsletter, “Private vs. Public Conversations: Measurement in the Digital World.”

  • Share/Bookmark