The efforts of your PR team can decide whether your company’s actions make a real impact by appearing in top media. Some companies underestimate the importance of public relations and assume the media will write about their company’s actions even without input from their communications team. While this does happen at times, what these leaders fail to understand is that their competitors are fighting for the same column inches and space on top websites.
In 2019, developments in the U.S. banking industry provided a clear example of how a more significant effort from a communications team can make a huge impact on the company’s coverage.
Background: Divestments from Private Prisons
Banks provided lines of credit to major operators of private prisons and detention facilities for decades, but that mostly came to an end in 2019. Following controversy surrounding the conditions at immigrant detention facilities, private prison companies drew further scrutiny and it became clear that they depended on funds from major banks for survival. This led to protests against the banks involved through late 2018 and much of 2019. Eventually, most major banks bowed to activist pressure and divested from the private prison industry. Since they’d been getting bad press around their policies for a long time, these banks drew largely positive reactions from the decision to divest. Presumably, the banks all wanted to promote their new practices to benefit from the positive media coverage.
Differing Approaches to Communication
While this movement impacted the entire industry, we focused our analysis on coverage of three of the largest banks: JPMorgan Chase, Bank of America, and Wells Fargo. All three changed their policies in the first half of 2019 and they had varied methods of publicizing the decision:
Bank of America’s team set up an interview with Bloomberg for bank Vice Chair Anne Finucane, who discussed the decision as well as the bank’s decision-making process.
JPMorgan Chase had a communications leader send email a statement to the press highlighting the decision.
Wells Fargo included a small note in their annual Business Standards Report but didn’t highlight this change during the promotion of the report, in other press releases, or public statements.
Measuring the Impact of Policy Decisions
PublicRelay gathered and analyzed media coverage from top publications and Twitter to assess the impact of these decisions. We found that the differing approaches led to significantly different results, with the greatest effort yielding the best results:
Bank of America saw more than double the media coverage of JPMorgan Chase and more than three times their Twitter mentions in the month following the Bloomberg interview they set up.
JPMorgan Chase generated more than 20 articles about their decision in the month following their statement and received more than eight times the posts on social media that Wells Fargo did.
Wells Fargo received no media coverage about their decision in top publications in the month following the release of their report but did see some minor traction on social media with just over 100 tweets on the topic.
An interview was the most effective strategy and required a significant amount of effort and strong connections with contacts at Bloomberg. The next most effective strategy was sending out an email to the media. While emailing is less intensive than setting up an interview, it still requires knowing who to reach out to and careful message crafting. On the other hand, the least effective strategy, implemented by Wells Fargo, was one that cut the PR professionals out of the process. This strategy resulted in no media coverage and low social media traffic.
What does this Mean for Me?
In a time when communicators feel pressure to prove their impact, it’s important to keep in mind that the actions of a skilled communicator can make a significant impact on the visibility of important company activities. To show your leadership the impact that your communications is making, make sure to carefully track and analyze your media coverage. For a small company, this might be a simple process to handle internally, but if your company appears in multiple articles each day and you’re interested in bench-marking against competitors, you would be best served by working with a company that specializes in media analysis. If you’re interested in learning more about how PublicRelay can help your team show its value, you can get in touch here!
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AVEs – or Advertising Value Equivalent – are on their way out. Thanks to the efforts of the “Say No To AVEs” campaign that AMEC has been running for the past 2 years, fewer PR pros are using AVEs to measure anything. But the question that sometimes still lingers is what are the alternatives to AVEs? What can we use instead to fill the role that AVEs held?
You’ve probably been using AVEs because “my CEO understands dollars more than data”. And while that statement is true, it doesn’t actually help your team establish its true value to the business. Attributing your work to many points of the business will make you a respected strategic partner.
Topical Share of Voice
Rather than asking for an arbitrary dollar amount, a better metric to seek out is where you stand in relation to your peers for your key messages. Identify which topics are reputation drivers for your business, and analyze the sentiment and volume against your peers over time. This allows you to quickly understand which programs are working and where you need to make adjustments. This type of information allows you to show executives that you are on top of what is happening in your market AND your organization is agile enough to take advantage of gaps or change direction and close them.
Conversions/Attribution
In order to do this at all, you must understand what your executive team values. Then you must be certain that the data you are gathering is both relevant and accurate. From there you will be able point to revenue, donations, memberships, website visits or sign ups that are directly attributable to your PR work. Understanding your business goals, and then correlating how your PR work impacts that is far more meaningful than simply looking at how much money your one article is worth.
Earned Media’s Social Media Impact
If part of your PR strategy is to establish thought leadership, you know that great content and earned media will get shared on social media. This is a very effective way to immediately tell both whether your brand has established thought leadership, and whether the article you wrote is worth reading. However, this can be more difficult than it initially sounds. Automated social media listening tools look for key phrases or specific URLs – if a social post doesn’t include either of these things it may be missed. With a comprehensive earned media measurement program in place you will already know the key data points about the articles (like key messages and the sentiment around those messages) before you incorporate social sharing information. Now you can start to benchmark whether negative financial news gets shared less or more than positive workplace environment news. Is there an impact when your spokespeople are quoted? Which ones?
What all these alternatives to AVEs have in common is that they allow you to show a deep relation to broader business goals. It is increasingly important for communicators to illustrate that they understand and align to the goals that the rest of the company is working toward. As an added benefit, the Communications team gets further exposure to different groups within the business – extending their worth as a strategic partner. And finally, more comprehensive and actionable measurement also shows that your team is agile – ready and willing to pivot as business needs evolve.
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Many communicators struggle with shrinking budgets and funding new initiatives. We see it all the time, especially when it comes to measurement. While not as exciting as launching a new campaign, investing in PR measurement is essential to your communications strategy.
PR Measurement is Your Infrastructure
In a recent webcast called “Shaping Communications at First Data Using a World Class Measurement Strategy,” Vice President of Communications at First Data Corporation, Michael Schneider, described PR measurement as a communicator’s “infrastructure.” It is an essential, upfront investment that lays the foundation for the rest of your work. Schneider says, “if you’re spending every dollar on activation and then putting yourself in a position where somebody comes, knocks on your office door, and says, “How did that work out?” and you then have that deer-in-the-headlights type of look… you probably need to set up your infrastructure first.”
Once your measurement system is in place, you will know how campaigns and tactics perform, how your competitors are performing in those areas, where you can improve, and how to allocate resources. Measurement allows you to make data-driven decisions, rather than relying on your gut.
Earn More Budget and Become a More Strategic Business Partner
It might be daunting to direct your resources to a quality measurement strategy and leave less money for activation (perhaps with an already limited budget), but without a system in place to measure results, you’ll never be able to prove what is successful. And if you can’t prove what’s successful, you won’t be able to make a case for why your department deserves a bigger budget.
Schneider points out that business leaders across different functions would agree that spending money on activation without a system in place to measure results isn’t the right order. CEOs and executive leaders want to see success in terms of data and analysis. CEOs are asking the business to make data-driven decisions and their teams are stepping up to the challenge. Implementing a quality PR measurement system will only help make your boss and your peers see you and your department as a strategic partner to the business.
Watch the full on-demand recording of “Shaping Communications at First Data Using a World Class Measurement Strategy.”
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With the rise of activist and ESG investing, corporate brand reputation is more important than ever to strategic investor relations teams. Your team needs to understand the media narrative around your company – and try to guide it. To do this, IR teams must now proactively monitor and engage the media landscape to manage brand reputation and investor perception.
You need access to accurate media analysis around brand reputation that will allow you to identify looming issues early, engage your shareholder base, guide the narrative on the Street, and optimize strategies.
Here are 5 ways media analysis can be a game changer for strategic investor relations teams:
- Proactively Manage Issues
Indications that activist investors are targeting a stock can now come from a variety of sources including unregulated activities. Red flags might come in the form of a question from a junior analyst at a fund, a private meeting request, or increasingly – social media rumors. It’s important that your team proactively manages these conversations and is aware of the impact of unregulated social activity and all online conversations to stay ahead of the narrative. In an era when leading the news cycle often commandeers the perception of truth, proactive issue management is vital.
- Engage Your Shareholder Base
The growth of passive shareholders has given companies a more stable shareholder base, but made them accountable for delivering results, hence the need for proactive marketing and messaging. The need is exasperated as Activists are savvy and using sophisticated PR strategies to sway your shareholder base.
To proactively engage your shareholders, a richer partnership is required between IR and PR.
Different investors have their own priorities and will react to news uniquely, weighing various aspects of your brand reputation more heavily. It’s important to understand how your messages resonate with key audiences.
Measuring the pull-through of your messages in the media, the tone towards them, and their social media pick up will show you which messages are resonating and where you need to focus your efforts to better influence the conversation.
- Glean Deep Reputational Insights that Guide Strategic Investor Relations Decisions
Media sentiment has been proven to be correlated with stock price. But you must move beyond keyword tracking to get actionable data and understand what people are saying about your stock.
Don’t rely on simply tracking your company name, executives, and focusing on financial sites. Keyword tracking only will likely leave you blindsided. You need to understand the “reputational conversation.”
Reputational data will help you break down public perception and understand what is driving it. If analysts and the media raise a concern that your company is not innovating for the future, build a plan to change that perception. Benchmarking your reputational data can pinpoint areas for targeted, effective message improvement.
- Identify Influencers that Drive Investor Perceptions
It’s critical to understand your “influencers” – those that drive the perception of your stock as a place to invest. But not all influencers are created equal. Wall Street Analysts aren’t the only ones with authority anymore. You need to know who the right influencers are, whether it’s a government regulator, money manager, journalist, or simply an influential blogger, and engage those that matter most.
Media analysis breaks down influencers by topics they’ve written about or been quoted on in the past, their social media pick up, and audience reach to prioritize your outreach. When trying to highlight your ESG initiatives or correcting a misguided perception put out there by an Activist, reach out to your top influencers to create the most impact.
- Play on the Same Field as the Rest of the Company with Data-Driven Decisions
When making decisions, a simple opinion doesn’t cut it. Other departments are using data to defend their decisions – from finance and legal to HR and marketing. Your C-suite has come to expect this kind of data-driven decision making and you can bet activists investors and other critics will leverage data in their arguments. Hedge funds have powerful data capabilities, but IR often does not. Ask yourself: do you have the technology and data analytics to give you an advantage over the critics?
Ensure you have the right systems in place to generate quality data to back up your decisions. And if an issue arises, use data to move smartly, agilely, and proactively instead of trailing the issue.
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“My boss isn’t asking for data or measurement results so why provide it?”
In Mark Cuban’s words, “the greatest value you can offer a boss is to reduce their stress.” Your boss wants you to think ahead of them, not the other way around. This is the case I make when PR execs tell me they don’t need to measure because their boss doesn’t ask for data-driven results.
Let’s think about it this way – imagine you’re the boss. Someone shows up in your office with a suggestion or even a full-blown solution to a problem that has been nagging you – but one that you had not assigned to anyone. Your immediate reaction is probably something like, “Wow, you mean we can solve this thing without me having to go through the pain of figuring out every last detail?”
Talk about relieving stress. You had absolutely NO expectations of receiving this wonderful gift. More importantly, you now know this person thought through this issue and can do the same with other problems without being prodded. In fact, you will probably leave them alone because you trust they have their arms around problems before you need to intervene. Incredibly powerful.
In my experience, a sure-fire way to succeed where there are no expectations is by using data and analytics in the corporate communications function. It seems hard to believe, but there are businesses that still don’t use data to drive their communications strategy. It’s not for the lack of data and analytics tools; many tools exist, and many public relations practitioners use them.
Yet PR professionals have all sorts of reasons why they don’t measure. The most common reason I hear is, “the boss isn’t asking for data or measurement results so why provide it?” Using data to back up a sound communications strategy is no different than the marketing department measuring the impact of a campaign or using a net promoter score. You do these things because they make sense, they drive strategy, and they improve execution.
If a public relations practitioner provides quality analysis on the effectiveness of a campaign or the overall department’s contribution to shareholder value, then the CEO naturally will have greater confidence in their ability to manage their department. Moreover, the CEO likely will trust them and let them keep moving forward – and will look forward to the next report. Build it, and they will come.
But what if the report has bad news? The only thing worse than bad news is you not knowing about it and having no plan to deal with it. Any quality PR analytics solution will provide insights to help you gauge the scope of the issue and develop an appropriate response. Scope and context are important because it is not uncommon for some people to blow things out of proportion, particularly when it comes to media. Any PR strategy must have measures to show that the problem has, in fact, been fixed. If you don’t measure it, how do you know if you have actually fixed the problem?
What if the CEO is the problem? Some public relations people who report to their CEO believe you can’t get data out of the news. I have met them. I have also seen a PR executive, armed with solid data, face down a bunch of engineers – and win. Data can help convince your CEO of the true nature of the issue when they think a negative story is a catastrophe, or worse, dismisses a substantive problem as “fake news.”
Despite all this, I still come across PR execs who demur. To them I say: Who do you think is the best communications team in your industry? Find them, and ask how they drive their strategy and tactics.
If they don’t say “with data,” I’ll buy you lunch.
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The PR profession is moving away from impressions, reach, and AVE metrics because they cannot be used to answer how PR is affecting business outcomes. They are also single data points that don’t illustrate the value of your work. At a recent PR conference, one of the speakers asked, “Have you ever wondered why there isn’t a ‘PR Equivalency’ metric?” Excellent point.
Attributing how your Communications work is impacting the business, requires a comprehensive measurement program. Not a “magic bullet” metric that cannot be defended. Your PR measurement program should enable you to correlate your earned media analysis data with other data points from the business – website traffic, revenue, reputation, donations, membership, hiring efforts, etc.
PR Attribution technologies may provide media tracking options beyond link tracking – tracking visitors from earned media articles back to your website. There are three important questions to ask any vendor, especially if you are trying to attribute revenue:
1. Are my attributed articles relevant?
Repeated studies show that even in news stories with rich keyword matches, less than 25% are actually relevant to the brand.
- For example, a burglary at the jeweler next to the Starbucks does NOT mean that the visit to the Starbucks web site had anything to do with that news story
- For example, the redevelopment of a local office building that is next door to the local office of McKinsey & Company is not a relevant McKinsey news story.
2. Will the articles be toned for my brand, product, or message?
If you do not take into consideration the tone on these additional data points, you may end up attributing sales or website hits to articles that are negative and clearly not driving sales.
3. Can I understand exactly how my results are calculated?
If anyone challenges your results or wants to dive deeper into your numbers, can you defend the “credit” you’re taking? Be wary of the “black box” calculations masquerading as PR Attribution.
Your PR Attribution efforts should yield reliable and defensible analysis that can hold up to scrutiny in the C-Suite and the Board Room.
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PR News’ recent Measurement Conference provided an interesting glimpse into the state of PR measurement and analytics, bringing together a cross section of practitioners. Some attendees had fully integrated PR measurement strategies and others were just starting to look at PR measurement and analytics. Wherever they were in their journey, it was encouraging to see so many communicators in one room who recognize the importance of measurement and analysis to not only help them prove their value but also become more proactive and strategic business partners.
A few common challenges emerged regardless of experience level. Whether they were seasoned data analysts or measurement newbies, many continue to wrestle with these issues when it comes to creating an insightful PR measurement strategy:
1. How to Tie Your PR Measurement Strategy to the Business
Starting with the first session and throughout the day, speakers unanimously agreed that reach and potential impressions metrics are quickly becoming irrelevant. As AMEC Global Managing Director Johna Burke pointed out in her session about the Barcelona Principles 2.0, if you have 6 billion impressions but can’t walk out on the street and have one person tell you about your brand, it’s probably a fake metric. To implement a PR measurement strategy that provides insight, you must root your metrics in the goals of the business.
I think all communicators can agree with this premise, but attendees’ first question was: how do I actually do that?
The simplest and best answer is to have a conversation with your senior leadership about the company’s priorities and how you can contribute. Once you know the challenges they’re trying to solve, you can bring forward insights that matter.
2. How to Attribute Business Impact
The ways in which you can attribute your business impact are not always obvious. Even after you’ve had the conversation with senior leadership, it might take some creative thinking to determine how you can contribute to that goal. If your CEO says, “our only goal this year is to grow by 30% percent,” you might feel pressure to tie to a dollar amount. But unless you’re an online retailer or similar direct to consumer business, this is very difficult and PR pros should be wary of metrics like AVE’s that claim to do so.
Think creatively about this goal: will you be recruiting new sales and marketing employees? You’ll want to be known as a great place to work. Trying to attract a millennial and Gen Z audience? They want to do business with socially conscious organizations.
Using accurate and relevant data, correlate how your work impacts:
- Website Traffic
- Reputation
- Revenue
- Donations
- Membership
- Hiring efforts
- Sign ups
- Employee engagement
- Loyalty
- Advocacy
3. How to Find Agreement and Get Buy-In
Most questions throughout the conference revolved around how to get stakeholders on board with a new measurement strategy. If executives are accustomed to seeing growing impressions quarter over quarter, how can you convince them that new metrics are more valuable?
Panelists agreed you can’t completely rip the rug out from under them. Show them impressions, but then introduce a metric that actually provides an insight into a business challenge they’re trying to solve. This is a sure-fire way to get buy-in from senior leadership. Try introducing demographic and psychographic data that shows what percentage of your coverage and key messages reached your target audience – not just 6 billion anonymous people. Those are conversations that the rest of the business can understand.
Getting people on board with a new measurement strategy requires asking a lot of questions of your stakeholders, from executive leadership to teams outside your department like Marketing and HR. It’s worth the effort to ensure agreement across stakeholders and align your metrics to business goals from the outset of your PR measurement strategy.
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In today’s busy 24-hour news cycle, it’s essential to have a media presence and ensure that your coverage is high-quality. In other words, are your brand messages represented in your earned coverage and by outlets that reach your target audience?
But knowing which campaigns successfully generated high-quality coverage can feel like it’s up to chance. That’s why it’s important to measure the impact of your campaigns using message pull-through, so you can determine the effectiveness of your PR work and identify the communications methods that successfully cut through the noise.
What Is Message Pull-Through?
Message pull-through is when your PR campaign key messages appear in your earned coverage, indicating that it successfully resonated with the media. For example, if you are consistently promoting the sustainability of your brand and an article uses your language or touches on the same key points to describe your company, you’ve achieved message pull-through. In short, it is the through-line that shows the effectiveness of a PR and communications team via earned media coverage.
Why Is Message Pull-Through Important?
Message pull-through is important because it is a measure of your PR team’s effectiveness in promoting the values and messages your brand wants to be known for. It also means your messages are more likely to reach your target audience and boost brand awareness. Measuring the impact of your campaigns is also necessary to demonstrate a return on investment to company executives. Not only can this metric demonstrate your campaign’s effectiveness, but it can also inform your strategy for future campaigns based on what worked and what didn’t.
How to Measure Message Pull-Through
According to Invoca, message pull-through is fundamental to understanding your brand awareness and sentiment. This is because it showcases the volume with which your company is mentioned using your preferred language as well as the quality of the outlets discussing you.
To measure message pull-through, you must analyze your earned media coverage in relation to your campaign. Essential metrics include the media’s use of your brand’s language, outlet audience and reach, and the sentiment expressed when discussing your brand.
Here are the core steps for measuring your message pull-through:
Identify Your Key Messages
You must first identify your key messages, which are the main points you want your target audience to remember about your brand. For communications teams, key messages go beyond the “what” and the “how” of what you do and include your company’s values, desired reputation, and the other elements that make you different from competitors. According to Forbes, you should pick three messages per campaign and track coverage for adherence to the key points and tone. They can be concrete or conceptual, which is why human analysis is crucial to effective media measurement of your message penetration.
Implement a Media Measurement Program
Once your key messages are established, you must set up the proper tools to measure their pull-through. With comprehensive media analytics, you can measure how an outlet discusses your brand and if it is in language that aligns with the message your team put out, as well as the tone of that coverage. Start measuring your media coverage before you launch your campaign to gather benchmark data. This allows you to compare the quality of your coverage before and after the campaign to demonstrate its impact.
Launch Your Messaging Campaign
Create your campaign, publish a press release, and reach out to your media contacts. Once your campaign is launched, your team can begin to measure its performance and analyze your coverage. When assessing press pick-up of your campaign, consider any commentary, opinions, or third-party perspectives journalists add to their coverage of your brand. It’s also important to note outlet reach and the article’s social media sharing, as this clues your team into how many people are receiving and engaging with your messaging.
Analyze Your Results
At the end of your campaign period, assess your media coverage by examining the volume of content for each key message, its sentiment, and social sharing by tone.
Be sure to dive into the authors and outlets that covered your key messages, with insights on the tone, outlet reach, and social engagement. Next, compare your results with the benchmark data collected before you launched your campaign.
In addition to determining whether your messages successfully penetrated your media coverage, these insights can also highlight opportunities for influencer partnerships with journalists that favorably covered your brand and accurately interpreted your key messages.
Increase Your Message Pull-Through
Effectively communicating your company’s brand messages is essential to reputation management and promoting brand awareness. Message pull-through is an often overlooked but important tool for analyzing the success of your PR team’s campaigns in breaking through earned media coverage with your messages.
At PublicRelay, we use human-augmented technology to accurately measure your earned media coverage for the metrics that demonstrate the impact and value of your communications.
Click here to learn more!
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When talking about media monitoring and media analysis, many people use the terms interchangeably. However, there is an important distinction between the two. While media monitoring reveals information about a moment in time, media analysis enables the ability to analyze key performance indicators over time. Consistently analyzing this data not only helps you understand how well you are performing today but will also help you understand what to do in the future. Both media monitoring and analysis have their place in the life of a PR professional and facilitate different outcomes.
Media Monitoring
Media monitoring is great for a snapshot of coverage volumes at a specific moment in time and provides a gut check for which way the wind is blowing for your brand. Monitoring can be useful for one-off tasks, like when an executive asks you about the coverage of a certain story on the fly or in crisis when you’re blindsided by a negative article and need to know its pickup in real time. These are day-to-day situations in which 100% accuracy of the data is not essential to make a quick decision.
Media Analysis
On the other hand, media analysis is consistent measurement of the same metrics over time that facilitate strategic decisions and long-term outcomes. Proving the impact of PR and communications depends on knowing where you started and showing how your team has moved the needle on your company’s reputational goals. In these cases, accurate sentiment and tone of not only the article itself, but of key messages within the article, are paramount to prove your contribution and yield deeper insights that you can act on to optimize strategy. Where monitoring can give you a gut check or help make decisions on the fly, insights from analysis facilitate well-informed, strategic decisions that help you move that needle.
Media analysis allows you to look back over time to understand what strategies and tactics worked and what did not work to inform future decisions. It allows you to understand where you made gains on message pull-through or SOV against your competitors and which messages or campaigns need more resources and focus.
This access to historical analysis is also invaluable to not only help identify a potential crisis but also help guide crisis response. It allows your team to easily identify deviations from your coverage baselines, a signal that you need to dig deeper into about what is being said about your brand that day. These baselines also work in reverse and allow you to extinguish fires when an executive comes to you with a negative story insisting that it requires a response. If the data shows that your coverage volumes are in line and social sharing is not above average, you have hard data that prevents your brand from responding unnecessarily.
If an issue is an actual crisis and does require a response, use historical analysis to inform your messaging and media relations strategies. Quickly determine which authors and outlets to target to most efficiently reach your key stakeholders.
Consistent, Not Static
Measuring consistently over time is not to say that your measurement program can’t be fluid. Measurement around industry events and company initiatives can be added, especially when known about beforehand. Analyzing coverage of these special events from the outset reveals the true impact on your brand and is much more useful and efficient than trying to track them after the fact.
Media Monitoring and Analysis in Harmony
Media monitoring and analysis are natural complements to each other. When you launch a new campaign or product, monitoring will give you a sense of how it’s performing initially, then analysis will reveal the impact on your brand. It will give insights into what went well and what did not to inform your next campaign strategy, making your team more efficient and your budget go further.
With communications budgets growing tighter and tighter, investing part of that budget in media analysis is well worth it to be able to prove your team’s contribution to company-wide goals and become an even more strategic partner to the business.
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I recently spoke at the PRSA 2018 International Conference in Austin, TX on why data-driven communications team are more agile and efficient. In a nutshell, quality data and analysis facilitate timely, informed strategic decision making, allowing teams to pivot strategies and resources when necessary, and demonstrate when a crisis response is needed.
All too often quality data and analysis goes by the wayside due to budget concerns, day to day priorities, or just not knowing where to begin. However, in today’s business world, the price of not having quality data and analysis to support decision making is higher than the investment it requires. In fact, a 2018 KPMG study found that a top CEO goal is to make sure any decision or solution is justified and measurable through data they can trust.
So what is meant by quality data and analysis? It starts with metrics tied to the macro goals of the business and highly accurate analysis of the data. It ends with data-driven insights, or windows into your business that reveal the story behind the numbers – a story you can use to to drive strategic decision making.
Here are three of the most important points I made during the presentation:
The communications function must be aligned with business objectives
Business objectives are goals that the entire company works towards, not just the communications department. For example, wanting to be known as an innovative company is a business goal to which all departments from Operations and Finance to Human Resources and Communications must contribute.
Metrics like mentions, impressions, and AVEs usually are not rooted in the goals of the business and do not yield data-driven insights that tell you what to do next. If you aren’t sure about your company’s business goals, have a conversation about the topic with your executive leadership. They will appreciate that you want to make data-driven decisions and that you are seeking to align your department with the business.
Reputation is the core of our profession
Measuring your company’s reputational health on a regular basis will ensure the communications department contributes to the macro objectives of the business. You will be making data-driven, justifiable decisions that your CEO will respect. Your organization’s high-level reputational goals should be translated into communications metrics that we call reputational drivers.
Reputational drivers are conceptual values like innovation or workplace environment that your company wants to be known for. These concepts can’t be captured by a few keywords and they require accurate sentiment and contextual analysis to get a true picture of brand health. Though more time-consuming to measure accurately than something simplistic like impressions, they form the backbone of quality analysis that will power your messaging, media relations, and influencer strategies.
Microtargeting and personalization is the world we live in
Use data to ensure your key messages are amplified and reaching the right audiences. Understand influencers by the topics they write about it, their sentiment towards those topics in the past, the social sharing they receive, and their audience demographics. The aggregate of this data will help you prioritize your outreach. Then use the data again when crafting your pitch to personalize your outreach and maximize the chances that your message is picked up. Customizing your outreach will be much more effective than an impersonal, mass email blast.