Tag Archives: reputation

Bad Corporate Governance ruins Reputations

In his article The acrid smell of dry rot, Theo Botha,partner at CorporateGovernance.Pro, laments the fact that ” Abil, PPC and HCI have been less than vigilant in executing their responsibilities.”  This leads to ‘unsound governance’ that has 3 stages to the effects, namely – and I quote:

Loss of ethics loss of Reputation

Loss of ethics loss of Reputation

  1. Internal loss of trust: this could lead to weak compliance, the ‘bending’ and eventual ‘breaking’ and ‘flouting’ of rules (meaning to treat them with contempt); misuse of company assets, abuse of company powers, victimisation of well-meaning people, loss of strategic direction, loss of capable leaders,
  2. External loss of reputation: this normally leads to external mistrust, loss of business, loss of funding support, loss of profit, runs on the company, and total collapse, and
  3. Actions against the company: these could lead to closing of business.

Botha maintains, “it is important to put your finger into the tiny hole in the dyke as soon as possible….So do take care who we elect to sit on boards, and to the positions of CEO and CFO; do ensure that they are remunerated to get to the most preferred outcomes for the company; do ensure that these people act responsibly; do ensure that company actions are in the best interests of all stakeholders; do ensure that shareholders are vigilant (even asset manager-linked shareholders) and act on their responsibilities; and do require management and directors to be held to account.”

He adds: “What do we have at HCI, apart from very many unanswered questions? A damaged reputation, I would submit, probably irreparably damaged. Bad smells (dry rot?) all over. One very unhappy funder at Sabido. One very sad news service at eNCA (the relaunched name for eNews). And now, one ex-chairman at HCI.”

Read more on MoneyWeb…..

 

My PRISA National Conference Highlights

Some thoughts and comments on the PRISA conference held at Emperor’s Palace, Kempton Park on 9 and 10 June. The theme was “Managing Reputation on our Threatened Planet.”

As a Corporate Communication and PR consultant focussed on reputation management, I felt I had to attend. It would be the place to meet the movers and shakers, the decision makers of PR in South Africa. A great opportunity to network and meet people I could do business with……

But sadly, there were very few private business owners there, and the quasi-government organisations were represented by people unable to talk to me about possibilities. So I didn’t achieve my goal of finding connections for future work.

Regarding the speakers, the line-up on the programme was impressive, starting with Prof Jonathan Jansen, vice-chancellor and rector of the University of the Free State. In his usual irreverent style, he criticised the education department for not demanding excellence, and the general lack of a moral compass in a government that did not know the difference between social justice and transformation, between position and influence and between saying and doing. My favourite line: “Why don’t big business deliver textbooks?”

The very humbly gracious Advocate Thuli Madonsela, accepted the PRISA President’s Award and spoke on the impact of the Public Protector’s work on SA’s reputation.  Not a charismatic speaker, but wow, she spoke her truth, exuding honesty, quiet commitment and brave tenacity. She was so impressive! Best line: “I am a servant.”

Another speaker I enjoyed was Trevor Ndlazi, of the Reputation Institute. Reputation management is one of my special interests, so I was very pleased to hear that “Reputation IS a tangible asset that needs to be managed”!

Paula Fray, a media expert with a focus on development communication, was a very engaging speaker who clearly knows what she’s talking about from years of experience. You can’t beat that.

New kid on the media block, and very popular, is Emma Sadleir, a social media legal consultant, who puts the fear of g-d into you with her stories of how tweets and social media messages, if not monitored and managed, could cause a whole lot of trouble for your company’s reputation.

There were many other good and interesting talks and presentations over the two days, but the one that stands out for me is the presentation entitled “stakeholder interventions” by Nazir Allie, CEO of SANRAL. This is definitely the most inappropriate talk of the conference as it clearly showed how NOT to deal with your stakeholders! PRISA staff must be kicking themselves for such a bad choice! All Allie did was blow SANRAL’s own trumpet, and make it very clear that the only stakeholder SANRAL considers important is government legislators. Very little respect was shown to other stakeholders like the public. He firmly believed that the public must pay for what the government spends on social grants etc. Sadly, Allie has no concept of building and managing his organisation’s reputation. Great pity.

You’re a Corporate Communication Strategist? But what do you do?

You’re a Corporate Communication Strategist? But what do you do?
In order to explain what I do as a Communication Strategist, I need to first point to a few crucial factors that answer the question “Why do you do what you do?”
1. The world is a different place now. Business is only one part of a much greater system and, to sustain harmony in the world, organisations have to consider their place in and their responsibility to the bigger system. They have to act in a way that enhances the concept of interdependence between economic, financial, environmental, political and social factors. The business arena is ‘being watched’ by activists and thought leaders who are very ready and able to expose companies that cause disharmony; so much so that regulators and governments are responding to the pressure by imposing guidelines and conditions for how organisations should behave if they want to be seen as reputable and sustainable global players.
2. A business is not self-sufficient, it needs all kinds of support from those on whom it depends for its existence. Today, people and consumers know more and expect much more from business. They want to feel that a business identifies with them and their needs, not the other way around, and ‘speaks to’ them.
3. There are thousands of similar products and services out there, so why should people choose yours? What you offer, over-and-above your product, counts for a lot now, and it is involves more than a transactional relationship, it must be real engagement with your people – an emotional connection. Differentiation through communication not products.

A communication strategist understands these factors and reaches out to the business world to develop a deep appreciation of how these factors impact a business’s operations, growth and success. The strategist engages with organisations through communication learning from each other, getting to know the company’s situation and responding to stakeholder needs appropriately to achieve business goals.
Tony Manning, once said, “Organizations are managed conversations.” Every day you and your organization communicate. There is an ongoing flow of information, ideas, opinions and emotions between an organisation and its audience or stakeholders – but is this communication well-planned to achieve its goals? Is it sufficiently strategic?
For corporate conversations to be meaningful and have a positive impact on the company and its publics, they need to be planned, appropriate and relevant. And the messages that come from a company must reflect its personality and its purpose. Developing a strategic communication plan moves the company in the right direction, getting internal and external audiences to buy into its vision, plans and activities.

The plan begins with YOU. Your company’s purpose and vision is fundamental to your success. If you don’t know your company’s purpose or even your own, finding one is your first priority. You also need to identify those with whom you want to share, collaborate and build your company, and then harness the power of communication to get them to work with you to accomplish your business goals.
Many business owners, managers and leaders need a helping hand in developing a clear, consistent and effective communication strategy. That is where the communication strategist comes in: she begins their conversation by getting the ‘boss’ to reflect on the business, its purpose and goals, its strengths, weaknesses and challenges, asking questions like: what is the outcome you want? What stands in your way? How do you overcome these obstacles?
At REAL Communication Consulting, we use well-researched methods to develop a strategic communication plan. We divide the process into ten ‘conversations’ in which you:
1. Identify your purpose and develop a vision or mission statement
2. Develop a corporate identity or brand to reflect who you are
3. Identify specific communication goals that support your business goals
4. Communicate mindfully with your stakeholders to learn what is important to them
5. Find alignment between your perceptions and those of your stakeholders
6. Develop the key strategic messages to achieve your goals
7. Create and deliver communication that speaks to your key stakeholders
8. Clarify meaning to minimize misunderstanding, wasted time, and negative emotions
9. Plan feedback and measurement methods to ensure that communication achieves its goal
10. Develop reflective practices that help you develop your communication expertise.

A communication strategy helps you create a productive communication environment, generating trust and a culture of interactive, engaging and meaningful communication in your organization.
Once your business starts on this journey, it will see itself as part of a much larger system with greater goals for future sustainability, and it will begin considering ways to make not only its business, but the world, a better place.

Dumping PR activity on all-and-sundry

I want to take up the issue raised by Wadim Schreiner in his article in The Media Magazine (December 2013: 4) entitled “Strategic comms is not an info dump”. He criticises public relations people who “dump” irrelevant information and “hot-air activity” on “as wide and undefined audience as possible” and then fail to do a valid and credible impact assessment (I assume that is because the research methodology will show a mere haze of media activity with no clear outcomes……).
If PR people do not know the following, then Schreiner is correct in saying, they “clearly have no idea about PR”; all communicators have learnt to execute any good PR plan and Communication strategy by:
1. Knowing the vision and future goals of the company
2. Identifying their key ‘publics’ , audiences or stakeholders, their needs and media preferences
3. Setting communication goals to align with the company goals
4. Developing messages and tactics that will ensure the goals are met
5. Creating tailor-made or specific messages and activities with the key audience in mind
6. Selecting the media that your audience uses and finds relevant, ensuring “a high hit rate”.
7. Timing distribution of messages to suit audience’s demographics, logistics and lifestyle. Go to them, they’ll tell what media to use.
8. Assessing feedback and impact, and evaluating audience perceptions thru’ good qualitative research, not only qualitative.
9. Keep communicating, adapting to your audience’s needs

The quality of a limited number of good connections far outweighs the quantity of a shot-gun approach to messages. It’s the connections that invite engagement, use and loyalty. Ultimately these are the things that matter, if you’re value- and goal-driven, rather than purely sales-driven.

Public relations and strategic communication (without an s) are about long-term relationship building, not only about sales and marketing. Reputation management should include reliable, valid and credible methods of measuring improvement in reputation. Another way of measuring reputation is: put your business on the market and add a value to your ‘reputation’ over and above the financial value and see whether others agree with your valuation or not!