Wednesday, May 28, 2014

Desperately seeking content…strategy

Until recently, content has a ‘nice to have’ added on top of a traditional marketing or communications campaign: The video of an event; an infographic with a press release. But in the last few months content has moved to the fore. It increasingly sits at the heart of major integrated campaigns. A case in point is Procter & Gamble’s current offering for the Sochi Winter Olympics. It leads with a two-minute YouTube clip, ‘Pick them back up’, that has been viewed over 11 million times. Content hubs are all the rage, with vodka brand Absolut the latest to unveil a content-rich website. It joins Coca Cola, General Electric, American Express, Intel, Cisco Systems and SAP, to name a few. But, as with every hyped trend, there’s been a backlash. One recent post describes content marketing as “The Emperor’s New Clothes”. A report says that advertisers are struggling with ROI on content marketing. Too many companies lack structured content organization and process. Not surprisingly, they find their content efforts costly and time consuming. Moreover, they struggle to deliver the quality and quantity of content that builds audience trust and loyalty – and ultimately delivers business results. This all seems a little unfair. Too many companies and brands have dived headlong into content without working out the ‘how’ and ‘why’ of what they are doing. Few have written editorial policy. Many have no idea whether to write a research report or produce animal video. It’s great to see companies and brands taking some bold steps in content. Rather than criticizing their efforts, we should be urging them to put in place the strategy necessary to succeed. By Arun Mahtani, Chief Content Officer, Asia Pacific

Friday, April 25, 2014

“Trust, the Marketing Mix and Communicating for Business Success”

The world of communications has changed

The communications landscape has seen a sea change, resulting an environment rife with new, interactive channels and increased connectivity and speed. In the past year, the media industry in Hong Kong and around the globe has felt the aftershocks. Social media use has exploded, and new hybrid media sites are popping up independently and as versions of old newspaper empires. Traditional media giants such as Bloomberg and the Wall Street Journal have cut staff in ‘non-essential’ reporting groups.  Accordingly, the PR and communications industry has also shifted, with two stalwart giants, Publicis Groupe and Omnicom announcing their merger last year.

In this context, there is a need for businesses to adapt the way they communicate. Many companies in Hong Kong are asking: “how do we get more ‘likes’ on Facebook?” But what they should be asking is: “how can we harness the power of this new environment to drive business and create value for stakeholders?”

In other words, it’s not enough to get in the game just to play. To be a successful communicator; it takes strategic thinking and a creative use of a mix of marketing and PR channels and stakeholder engagement.

What about reputation?

Before diving into strategy, it is important to take a step back and look at the context of not only the media environment, but general sentiment. There is much talk of reputation, but Edelman distinguishes this concept from Trust. Where reputation is the sum of all your past activities, Trust is the current perception and belief of what you will do in the future. At Edelman, Trust forms the basis of all of our consulting activities, and we invest in understanding it. For the past 14 years, Edelman and its research subsidiary Edelman Berland have conducted a global survey on the subject. Called the Edelman Trust Barometer, the research gages the level of Trust the public has in the institutions of business, government, NGOs and media.  

In 2013, the Hong Kong results of the Trust Barometer brought to light a gap in Trust between institutional leaders and the institutions themselves. People in Hong Kong trusted leaders much less, specifically those in government and business. This year, we’ve seen a further erosion of trust in in the institutions themselves. Hong Kong is no longer a ‘trusting’ nation.

The good news is that communications can offer companies a way to rebuild lost Trust.



A strategic mix of channels and tools

As consultants, we work with businesses of all shapes of sizes. We also have the luxury of operating as a 3rd party observer, providing us with a mostly objective view of the companies that hire us. Business leaders vary in personality and management style, but one common trait is passion for their work. This is generally a positive, but sometimes leads to a schema of thinking where tactics precede strategy for communications. This can be fatal when dealing with a milieu of fast-changing and instantaneous media.

Because of this, we encourage our clients to see media as partners not solely an outlet and to think about a mix of channels across marketing, advertising, public relations and digital. If approached correctly, PR can work as a kind of smart bomb, accelerating trending stories or instigating clever memes with born-digital players such as BuzzFeed. Realizing the power of search, too, can change the way we interact and act. Thinking about and messaging in terms of key words and content visualization assists to craft more impactful hybrid campaigns. Strategic planning and execution that includes media outreach, search engine optimization and hyperlinking creates a situation where positive messages can be amplified through channels effectively and trust can be built.
  
How: ‘Show up Differently’


Edelman’s mantra for this year is ‘Show up Differently.’ Showing up differently is a business imperative if a company is to garner both the attention, trust and loyalty of its target stakeholders.

Consumer products powerhouse Unilever* showed up differently this past November when it launched Unilever Project Sunlight. It inspires all consumers to live more sustainably through the universal and beautifully captured stories of expectant parents around the globe. Based on the insight that having a child is a life moment where people reconsider their role in the world and their behaviors, Project Sunlight in its first week received more than 30 million views and sparked more than 40,000 conversations on Unilever's social media channels.

In a world of data and algorithms, Unilever and many others are cutting through the clutter with simple, good storytelling and the human, emotional element of relating to one another. At Edelman, we believe strongly that in order for our clients to achieve their business objectives and connect with their target stakeholders, both they and we have to do as Unilever did and "show up differently." This means, among many things, connecting in genuine and authentic ways with employees, customers and all types of people. It is not about being a slave to data, big or small, but rather it's about leveraging data to guide, not dictate, a way forward.

There is a real opportunity for Hong Kong businesses to seize competitive advantage today by showing up differently, thinking differently and putting communications at the heart of everything that they do.

By Andrew Kirk, Managing Director, Edelman Hong Kong & Taiwan