
Daniel Griswold
The news media is not the only group with whom you need to communicate. You also need to keep employees and investors informed and in the loop. And, perhaps the most important thing to remember is that employees and investors should always be informed of decisions and announcements prior to the news media whenever possible. Nothing destroys a company’s credibility more quickly than when employees or investors, or even customers, learn about company news from an outside source.
When dealing with newspapers, magazines, radio and television companies, as well as electronic and online media, it is imperative to understand one key thing: the media is bombarded with information daily. This information comes in numerous forms, such as news releases from companies and community groups, announcements from local, state and federal government agencies, and stories from wire services (e.g., Associated Press International).
This enormous and overwhelming amount of information cannot possibly be covered in the press. So what makes the media select some stories over others? Simply put, reporters like unique, interesting and especially controversial stories that relate to their readers’ lives. Unfortunately, quite often the media may be quick to decide that any announcement regarding a company’s global business decisions could mean bad news for the public. As a result, when communicating your company’s global business decisions, be sure to let reporters know exactly how your decisions will impact your employees and local community. And use the suggested talking points in Part III to help put your company’s decisions in context.
However, to ensure the best possible coverage of your company and its position, it is imperative to establish a relationship with the media before any potentially negative information is released. You can do this by suggesting a positive story idea before any difficult decisions are made. But you need to know that today’s media works more quickly than ever before. Racing against the clock and competing with instantaneous information channels, the media does not have any time to waste. This is why you must respect the media’s time constraints and learn when is the best time to contact a reporter. In general, the best time of day to contact a news desk is early to mid-morning, but many reporters also work evenings. When in doubt, prior to sending any information to the media, call the reporter to introduce yourself and find out what is best for his/her schedule.
Reporters need to grasp the central idea of a story, understand what makes it newsworthy and put it into words and images their readers/viewers can best understand. So overall, the best approach to take with the media is to be honest, up front and sincere. If you consistently tell the plain and simple truth to reporters in the most prompt manner possible—even when the news may be sensitive or controversial—you will help your company beyond compare. And, if you demonstrate respect for a reporter’s time, job requirements and position, chances are he/she will treat you in kind.
Once you’ve created an environment of mutual respect, you may find yourself dealing with the media in a variety of ways, such as through a telephone or in-person interview, at a news conference or public event, or even over a friendly luncheon meeting. To avoid speculation, rumors or negative publicity, and regardless of the situation, ongoing communication with the media should follow some simple steps.
All in all, how well you work with the media plays an extremely important role in the success or failure of communicating your company’s decisions. In summary, remember that the messages and information you provide to the media will help determine what the public thinks and whether or not they will understand and support your position. And also remember, what has been outlined above is only a starting point in terms of media relations. For additional information and more detailed strategies, you should work with your in-house communications executive or an outside professional.
This section appeared in Part II: Tips and Strategies for Communicating Responses of the book Grasping Globalization: Its Impact and Your Corporate Response, 2005.
International trade and globalization have been vital factors in the economic growth and wealth creation of the United States. Now, due to current trends, trade and globalization are even more important to our future well-being. In addition to being a primary generator of business and job growth, they also provide consumers greater disposable income, further improving our standard of living. For example, a May 2005 report published by the OECD, says reforms that enhance market competition, reduce tariff barriers and ease restrictions on FDI are estimated to boost GDP per capita 1 to 3 percent in the United States, 2 to 3.5 percent in the European Union, and an average of 1.25 to 3 percent in OECD member countries.
Since the emergence of local, regional and national economies, there has been a constant evolution in the stages of cultural and economic development. Globalization is another step in that evolution. It is not a unique event just bursting onto the scene, but rather, the 21st century version of a predictable age old dynamic. Yet due to the accelerated pace at which change now occurs, a backlash is growing and supported by a variety of groups.
Understand dynamic global markets.
Understand what’s occurred and more accurately assess what’s ahead. Improve your corporate strategic plan, seize the right opportunities, and boost competitiveness and profits.
Informative, analytical and policy-oriented perspectives.
Comprehend the impact of past events and fully grasp and prepare for the challenges ahead.