In 2005, the ABI needed to understand how it was perceived by some of the most important individuals from among its membership and also by other crucial influencers within Parliament, government departments, regulators, the media, other trade bodies and consumer interest groups. Echo Research conducted more than 40 qualitative in-depth interviews (face-to-face or by telephone), with chief executives, members of both Houses of Parliament, senior financial journalists and directors of other relevant organizations. The research provided the ABI's Senior Management Team, including its new Director General, with a clear understanding of the progress that the organization has made in recent years and with the further action key stakeholders and others are now looking for. It helped to inform decision-making on strategic priorities for 2006 and is also feeding into a review of communications and member-relations work. |
In order to achieve this, there were three elements to the project:
1) In-depth interviews with top management.
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The first and newly appointed full-time Director of Communications assessed the existing communications environment in order to understand current capabilities and the future requirements. Given the analytic culture of the organization, this needed to be tackled in a rigorous, systematic and structured way. Echo was appointed to train and equip its local managers to conduct face-to-face interviews to engage the business leaders in a discussion about business and communication, and to encourage the communications team members to talk about the business and to be more visible in general. The outputs were designed to help define the priorities for the way forward. Over 100 interviews took place within a 4-week period. In many cases, this was the first time the local communications people had engaged their leaders in a discussion about the business. Many senior managers suggested that other 'staff' functions should take such a direct and fresh approach to understanding and focusing on the needs of the business. The completed interview guides were returned to Echo, in a range of local languages, and the results were translated, analyzed and synthesized. This ensured an objective view of the findings that were then presented back to Europe's top team. All those interviewed also received a summary of the findings to avoid the classic 'black hole' syndrome that so often occurs when organizations fail to feed back outputs from assessments and surveys. Special cross-functional and multi-country work teams were created to address and manage the outcomes at all levels. The outputs were clear: A radically different business model required a radically different approach to communication - one that informed, involved, inspired and influenced. This framework is now coming to life throughout the organization. It provides the essential basis from which to drive all the critical communications efforts with employees and clients. There is no doubt that the initial groundwork through research, influence and impact-based actions has contributed significant value to the business. The mandate to change was received. |
PriceWaterhouseCoopers' (PwC) public relations budget was spared in a year when
corporate budgets were slashed by almost everyone else. Peter Horowitz, senior managing director for Global Public Relations, attributed this to an analytical approach to media research and evaluation.
PwC was formed from the merger of the two accounting giants, Price Waterhouse and Coopers & Lybrand, in July 1998. PwC began using Echo's analytical evaluation tools to provide objective knowledge of how effective it was in communicating the new brand name and brand attributes. Consumer awareness was tracked as well as media coverage. Horowitz said, "The use of a third party organization gave us more credibility with senior management than we would have had if we did it ourselves. As the firm has a global focus, it was necessary to monitor transnational publications as well as domestic media. By evaluating comparative share of voice we were able to establish measurable goals. By keeping these goals in front of us, we were able to achieve the highest favorability rating in our industry. "This had a very significant impact on PwC management. They were impressed. It also helps that Echo Research's quarterly analytical report is in management terminology, not PR terms. "We address public relation's contribution to the firm's overall goals, not the meaningless public relations terminology of number of clippings, impressions, or advertising equivalency. To a CEO or CFO, impressions have little impact. Having the highest favorability rating among journalists is powerful. Our research and evaluation make it crystal clear that $2 million of public relations is worth much more than $10 million in advertising." |
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