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March 20, 2018 by Greentarget Leave a Comment

It was a pretty impressive maneuver. When Kentucky Fried Chicken ran out of fried chicken in the United Kingdom, it managed to turn it into something of a PR coup – all in the course of a week. Humor was key to KFC’s approach – reversing its namesake letters to “FCK” in a large newspaper ad and playing off the riddle “Why did the chicken cross the road?” And that was indicative of a larger crisis strategy – one that showed up in another narrowly averted PR disaster for Crock-Pot, which was identified as the cause of the death of a beloved (though fictional) character on the hit show “This Is Us.” The successful efforts by both companies made us think about crisis PR response lessons for professional services organizations that might confront similar situations – even if the details will obviously differ. That is, unless a law firm or management consulting outfit ends up running out of drumsticks.
  • Words matter – and the first words matter most. In most crises, quickly responding is as important as the statement itself. The morning following the “This Is Us” episode that implied Crock-Pot’s responsibility in the character Jack Pearson’s death, the company published a statement sharing the audience’s devastation and encouraging consumers to continue using their slow cookers in his memory. A timely and persistent demonstration that your organization cares is critical to properly addressing a crisis, as is demonstrating empathy. KFC, meanwhile, handled its persistent crisis with apparent ease, taking to Twitter every couple of days after the chicken shortage to reiterate that the situation was under control.
  • Address situations head-on. KFC’s statement was successful largely thanks to its full-page apology, which was simple and sort of genius. It featured a stark photo of an empty chicken bucket accompanied by the text, “A chicken restaurant without any chicken. It’s not ideal.” Successful statements include acknowledgment of the issue, denial (if something isn’t true), acceptance of responsibility (if it is), actionable steps and reinforcement of an organization’s values without diminishing the impact the event has had or will have on stakeholders. It’s also important that organizations reinforce critical facts. For example, Crock-Pot’s crisis response team provided the media with facts such as, “For nearly 50 years, with over 100 million Crock-Pots sold, we have never received any consumer complaints similar to the fictional events portrayed in last night’s episode. In fact, the safety and design of our product renders this type of event nearly impossible.”
  • Empathize, dammit. The perception that you don’t care is the single biggest predictor of broken trust, reputational harm and loss of competitive advantage from a crisis. Just as a single term or phrase can destroy a company’s reputation, it can also save it. Empathy was key to the effectiveness of KFC’s and Crock-Pot’s statements. The first words in KFC’s message were “We’re sorry” followed by a clear acknowledgment that their consumers, team members and franchise partners were all affected. Crock-Pot began each of its messages with empathy and concern for their users (and “This Is Us” fans), describing their own sadness over the character’s demise.
  • Be ready when you have to take action. Wouldn’t it be great if all crises ended with quick, clear and sympathetic public statements? Here’s something that won’t shock you – they don’t. Good leaders take action because they know that when a crisis strikes, empty words don’t mitigate the situation. All stakeholders – whether employees, consumers, stockholders, board members, media, etc. – expect an organization to take action. We advise our clients to have a crisis plan in place ahead of time – one that plans for potential threats and identifies which employees will be doing what when a crisis arrives. At that point, you should make sure to gather all the facts and determine the appropriate message (and who needs to hear it). And make sure to continuously evaluate the circumstances and modify the course of action as needed.
Crises are unpredictable, so having a crisis preparedness strategy in place for the moment you run out of fried chicken or find yourself implicated in the death of a beloved fictional character – or the B2B equivalent – is crucial. It may just save your organization’s reputation.

January 29, 2018 by Greentarget Leave a Comment

With Volume Surging, Clear and Documented Direction Becomes More Valuable

We live in an age of information overload. And consumers in the world of legal marketing are all too familiar with content created without an overall strategy. That’s what makes the findings of Greentarget’s new Legal Technology Service Providers’ Use of Content and Social Media Marketing Survey so troubling. Far too many marketers at companies that provide services to law firms said their own organizations create content – and plan to create even more – without creating and documenting strategies. And many of those marketers will be creating more content without commensurate increases in resources – a sure sign that the quality of their content won’t be increasing, either. These results, collected in early 2018, illustrate that the end goal of content marketing, no matter the intended audience, is generally to win new business. And failing to think strategically about content makes achieving that goal much harder – no matter if you’re a law firm or a business trying to market to law firms. But there’s a flip side. Organizations with documented content strategies that keep their audiences in mind can successfully break through the noise and stand out – if for no other reason than many of their counterparts still haven’t seen the light. More Content, Not a Lot of Strategy Respondents from almost every legal services company surveyed (94 percent) said their organizations planned to produce more content in 2018 than in 2017. Meanwhile, half of respondents said they had no documented content strategy. About a third said they had a strategy that wasn’t documented, and 13 percent said they planned on documenting a strategy within the next 12 months. Perhaps not surprisingly then, the top challenges for content marketing were lack of staff time (38 percent) and budget (34 percent). And while 59 percent did say their content marketing budget had increased for 2018, the gap between that group and the larger one that intends to publish more indicates that many organizations will be producing more but not better content. As marketers try to determine how best to use their budget and staff resources, now’s the time to focus on quality over quantity. Marketers clearly know the value their content can bring, with one respondent noting that content marketing efforts “generated nearly $200,000 in new revenue from leads that came through the website, landing pages, white papers and other content.” Another respondent recounted an interaction with a customer prompted by content work. “We had a partner at an Am Law firm call us and ask for a demo that led to the firm subscribing to our service,” the respondent said. “Previously, the CMO had not responded to our calls.” New Business Is the Focus Winning new business was the top goal for individuals involved in content marketing, followed by building new website traffic and lead generation. Despite this clear focus on attracting new customers, more than half of respondents also identified several other goals – from demonstrating thought leadership to gaining exposure and building new relationships. While this in part reveals the broad usefulness of content marketing, the lack of clarity also may reveal a pervasive failure to carefully plan and target content marketing efforts. More Budget Allocation Needed Respondents to the Greentarget survey reported more widespread budget increases in 2018 than respondents to a recent survey by the Content Marketing Institute (59 percent compared with 39 percent). But relatively few marketers in the space spend as much as their peers in other industries. Sixty-nine percent of the respondents to Greentarget’s survey allocate less than 20 percent of their budget to content marketing. A wider group of business-to-business marketers spends an average of 29 percent of marketing budgets on content, according CMI. “If you’re not spending a third of your budget on content marketing, you’re not keeping up,” said Kevin Iredell, Greentarget’s director of research. LinkedIn, Email Strongly Valued Seventy-five percent of respondents said email was very valuable when it comes to content distribution – much higher than any other channel. But LinkedIn may reach some readers that even email doesn’t. All respondents said LinkedIn was at least somewhat valuable, whereas 6 percent said email wasn’t valuable at all. Email can miss its target for several reasons, from over-active spam filters to unlucky timing. But as a business-focused social network – one that has consistently proved popular in professional services ranks – LinkedIn adds a layer of curation. Readers see only content from their network and only from individuals, not from companies or organizations, boosting the authority of the content published there. Comparing information sources, there was only a slight difference between the value of traditional news media and blogs. They were equally seen as very valuable by respondents, but traditional media was seen as somewhat valuable by a slightly larger group. But that might not be surprising. Greentarget’s 2017 State of Digital & Content Marketing Survey found that in-house counsel continue to give traditional media (e.g., Wall Street Journal, The Economist) higher marks for credibility as sources of legal, business and industry news and information – even in an era of so-called “fake news.” For the full results of the survey, download the report.

January 23, 2018 by John Corey Leave a Comment

The legal industry faces a gathering storm of financial, demographic and economic forces. In an effort to illuminate the risks and opportunities those forces present, our 2018 Legal Industry Outlook curates multiple studies, surveys and white papers into a single, easy-to-read package. A big shout out to Citi Private Bank; Altman Weil; Hildebrandt Consulting; Major, Lindsay & Africa; Reuters Legal Institute; Georgetown Law; and Oxford University SAID Business School. Their insights on the acceleration of change and disruption sweeping the legal industry were nothing short of invaluable. Click here to view the full 2018 Legal Industry Outlook.      

January 23, 2018 by Lisa Seidenberg Leave a Comment

When Collins American Dictionary announced that “fake news” was its word of 2017, it defined the seemingly ubiquitous term as “false, often sensational, information disseminated under the guise of news reporting.” Collins also noted that usage of the term increased 365 percent since 2016.

Fake news has also been described as a threat to democracy, and experts worry about the negative influence it might have on the next generation of Americans who struggle to understand the difference between fact and fiction.

While the trend is something that should concern just about everyone, it’s especially important for public relations professionals to avoid shrugging fake news off as just the latest buzzword driven by political rhetoric. At Greentarget, we’re paying close attention to the topic – and we’re passionate about doing all we can to firm up faith in the media as legitimate sources of information.

Whether legitimate sources will be once again be embraced as credible is an open question – one on which experts are essentially split, according to a Pew Research study. The pessimists worry that “manipulative actors will use new digital tools to take advantage of humans’ inbred preference for comfort and convenience and their craving for the answers they find in reinforcing echo chambers.” The optimists believe that “the speed, reach and efficiencies of the internet, apps and platforms will be harnessed to rein in fake news and misinformation campaigns.”

We can’t predict the future, but we agree with the optimists in the Pew study. And we have the following predictions about how the fake news pandemic will diminish in the coming years:

2018: The Year of the Source

A recent assertion from some PR industry leaders that media relations is dead is something we wholeheartedly disagree with — and we’ll go a step further. In the fake news era, media relations is more important than ever. Forbes’ contributor Jade Faugno summed up our thoughts on this topic perfectly:

The stigma of “fake news” may cling to the popular consciousness for several years to come, but sophisticated audiences will continue to hold fast to reliable sources, which will only further demonstrate their value in a growing sea of misinformation.

Although the relationship between journalism and media relations is often cast as adversarial, our experiences with reporters show that they are dedicated – even desperate – when it comes to publishing stories that are factual and have reputable spokespeople who add value. We also believe executives will continue to view the news media as valuable and credible. In Greentarget’s 2017 State of Digital & Content Marketing Survey, 95 percent of respondents said traditional sources like The Wall Street Journal and The Economist were the most credible sources of news – despite the fake news trend.

When it Comes to the News, Education Matters

“Young people’s ability to reason about the information can be summed up in one word: bleak.” That’s according to the authors of the Stanford University study that looked at whether middle school, high school and college students could decipher legitimate news from fake news. Lead author Sam Wineburg told NPR that “educational programs are the only way we can deal with these kinds of issues.” In a hopeful sign, some universities are now building news literacy classes into their curriculum.

At Greentarget, we also believe it’s crucial to educate the next generation of Americans about how to differentiate fact from fiction. That’s why we’re offering financial support to the News Literacy Project (NLP), a nonprofit dedicated to teaching middle and high school students how to use the standards of journalism to determine what information they should trust, share and act on. Count us as strong supporters of NLP’s focus to enlighten young Americans about the role of honest media in our democracy.

Technology and Innovation Can Help

As noted above, the evolution of technology was the top reason for optimism among respondents to the Pew study. We agree – but we also acknowledge that much work needs to be done amid rays of hope.

Late last year, it was reported that a group of college students designed a plug-in called Open Mind, designed to prevent false news. Created during a hackathon competition at Yale University, the plug-in works as a Chrome extension that uses sentiment analysis technology to analyze articles for bias – and steers users to alternative sources. The app’s creators will meet with members of Congress this spring, and Facebook, which was one of the sponsors of the competition, is interested in talking to the students as part of its ongoing work to address fake news.

One way leading technology companies, including Facebook and Google, are working to address fake news is through partnerships with fact-checking organizations. While it’s too early to evaluate how Google’s partnership is going, the efficacy of Facebook’s partnerships has been met with some criticism. Aaron Sharockman, executive editor of Politifact, a member of the coalition of fact-checkers who agreed to work with Facebook, addressed some speed bumps. “The reality is, there is too much content for us to check, and we imagine there is plenty more material in need of fact-checking that we aren’t seeing,” said Sharockman in an analysis that captures how complicated the fake news problem is.

At Greentarget, it’s in our DNA to direct smarter conversations and to support the core principles of journalism. We’re hopeful that through our ability to deliver credible sources to journalists, support efforts to help the younger generation tell the difference between fact and fiction, and advocate for innovation taking place to curb fake news, we can do our part in finding a solution to this complicated issue.

We wouldn’t hesitate to call fake news a pandemic – one that needs to be combatted to ensure the health of our democracy. Here’s hoping the top word of 2018 will be “legitimate news source.”

January 17, 2018 by Greentarget Leave a Comment

In 2017, as the popularity of podcasts continued its incredible growth – 42 million Americans now listen to a podcast each week and the average podcast fan listens to five shows every seven days – we had the fascinating experience of producing and launching podcasts for some of our clients. One such project was the ThinkSet Podcast, published by Berkeley Research Group, a management consultancy based in the Bay Area. BRG joins a list of innovative corporate communicators getting into the game. As we work on more and more podcasts, we’ve learned a lot about storytelling in the digital age. Much of what has worked in more traditional business-to-business communications remains relevant. But there are quite a few wrinkles to podcasting that set it apart from traditional content production. The ThinkSet Project Edward Newland, business development analyst at BRG, reached out to us in early 2017 about launching a podcast as a sister product to ThinkSet Magazine, a quarterly publication BRG would debut that spring. Newland’s idea was to build each episode around an interview with an author of one of the magazine articles. We worked with Eddie to determine standing elements of the show – format, music, regular introductory and closing remarks – and showed him how to distribute the series via iTunes and other podcast channels. Before long we were producing two episodes a month, and we plan to do the same through 2018. Early Assets, Obstacles Importantly, Eddie’s idea was a good fit for a podcast. He would serve as the host role and anchor – a hallmark of many popular podcasts (think Marc Maron) – and the content from the magazine would provide fodder for lively and informed conversations with people who had deep knowledge and strong points of view. Eddie also had done his homework about why a podcast could resonate with BRG’s audiences. At a time when breaking through the noise and reaching decision makers has never been more important, or difficult, for professional services organizations, podcasts offer a compelling channel. Podcast listeners, according to Edison Research, are typically more educated than the population at large. They also skew younger – 77 percent of monthly podcast listeners above the age of 12 are between 18-54, compared with 59 percent of the U.S. population in that age range. In other words, podcasts are popular with the current and future generations of decision makers. And, of course, podcasts provide an owned-media alternative to the printed word or video, which is expensive and heavily reliant on visuals. Podcasts also offer a sort of escape for audiences, like busy executives, who might be experiencing screen fatigue. As Jayson DeMers, founder and CEO of AudienceBloom, wrote in Forbes last year: “Exciting at first, screens have become exhausting for many users, and podcasts represent a refreshing alternative. Rather than using your eyes, you use your ears; there are silences, pauses, and genuine human voices rather than words and images on a screen.” He also noted that “the cost-to-value ratio for podcasts is incredibly low.” When Eddie first reached out to us, he had figured out something we had been telling clients for a while: Compelling video footage of thought leaders at professional services firms is hard to get, and often amounts to little more than a lot of people sitting at desks, talking into the camera. Podcasts also helped avoid a scheduling problem that’s common in today’s world. Eddie’s potential guest list was spread around the globe, so getting them together for a video would be unlikely. Podcasts, of course, don’t rely on video. And while in-studio/in-person recordings remain the gold standard for audio quality, there have been some important advances in remote recording audio quality in recent years. Employing a new online recording platform, Eddie has recorded episodes of the ThinkSet podcast from his Boston office, interviewing guests across the United States, the United Kingdom and the Middle East, all of which is captured by Greentarget producers in Chicago (and, once, in Bangkok). Tried-and-True Methods Most of the content we create for Greentarget clients takes the form of writing on a page (blogs, research reports, bylined articles, etc.). But many of the tasks involved carry over to podcasting. For BRG’s podcasts, we conduct extensive background research prior to each episode. Then, we have a discovery call with Eddie and each episode’s guests. This is similar to the work that goes into writing articles and blog posts. The editing process is also similar. We typically record for up to an hour, with the aim of producing a podcast of 20-25 minutes. Working with Eddie, we pare down the recording to the most impactful and interesting pieces of audio that also coincide with BRG’s overall messaging goals. This is quite similar to the work we do with clients on written content pieces. Episode 10 of ThinkSet went live this week, and we’re expecting three episodes to be released this month. This isn’t the only way to do podcasts, of course, but it is a good example of a progressive company seizing on new technology and audience behavior to get its insights in the hands of the people it wants to reach.

December 13, 2017 by Lisa Seidenberg Leave a Comment

Stephen Joyce, a Bloomberg BNA staff correspondent, covers regulatory, statutory and enforcement developments involving energy and environment, health care, privacy and the business of law in four Midwestern states. As such, he’s no stranger to getting pitched by PR professionals. But in a recent conversation with the Greentarget team, Joyce said just 25 percent of the pitches he receives are useful – and he provided some guidance on how he thinks media relations professionals can improve. “Ask yourself: Do you have something to say?” Joyce said. “Who do you want to say it to? From there, figure out what news organization or product or whatever reaches those people, and then figure out who the journalists are in that space.” In a wide-ranging conversation, Joyce spoke to the Greentarget team about how the media environment has evolved over the past 20 years, and his mantra as a reporter with Bloomberg: Factual, Fastest, Final, First and Future. What follows is a summary of his remarks, edited for length and clarity. What excites you most about being a journalist? It can be exciting, but it’s also dull. For example, one day I’m writing about an explosion at a Wisconsin grains mill, another day it’s just a new law, new rule, etc. Being a journalist isn’t always running around chasing a big story. How has your work as a reporter evolved over the last 20 years? One word: technology. I learned news writing on a typewriter in college, and now everything is on phones and computers. That’s changed everything – research, how I interview people, etc. What have been some of the most exciting stories you’ve covered? What have been some of the most difficult? The financial crisis in New York was the most exciting. I was based in New York from 2007-2016, so I started out there right when the housing bubble burst. My job was to cover the financial crisis. The most difficult stories we write are related to federal and state rulemakings. Bloomberg BNA covers statutory and regulatory developments in mini briefs (usually a couple paragraphs), but the events themselves are 150-page documents. In short, it’s a lot to digest. “Yesterday wasn’t fast enough” is very accurate in my world, and we have to go through the entire thing fast. But fast sometimes isn’t your friend. How do you keep up with the latest happenings in the areas you cover? Shameless plug, the primary source of my information comes from Bloomberg products – I have a terminal and set up a ton of alerts and key terms. I also search for new dockets on Bloomberg Law. On Twitter, I follow relevant sources, competitors and government agencies. I scan through these threads a few times a day. I also have regular source calls where I ask relevant experts, “What should I be writing about?” These are terrific as I get original ideas. Does Bloomberg BNA incorporate artificial intelligence in its day-to-day reporting? If not, do you anticipate it will happen in the future? Yes – they’re very tech heavy. There are tools that I have that I don’t know how to use entirely yet. About a year ago they created a data-driven journalism unit – I work with them to pull metrics, and because the group has a line into graphics, I can use them as a one-stop shop for data and graphics. The terminal is very tech-focused, so there’s a lot of data-driven journalism.
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