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Telling Your Story In Tough Times Chris Tang Managing Director The Hoffman Agency Asia Pacific
It’s true that the current situation  is tough.
So, how does one handle bad news?
In a downturn, companies either… see an opportunity OR see a threat
 
Communication  is one of the major contributors to building  and sustaining  brand leadership. Why Communicate During Tough Times?
Now is the best time  to promote  your brand Why Communicate During Tough Times?
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Why Communicate During Tough Times?
Keeping  Quiet   Is   NOT   The Answer
[object Object],[object Object],[object Object],[object Object],[object Object],The Alternative
Source: The Financial Times Why Communicate During Tough Times? BRAND INVESTMENTS BRAND EQUITY High Low Reduction in brand investments No reduction in brand investments High loss potential Recession is opportunity Survival game Double or nothing
Telling Your Story During A Downturn The Starting Point
Get The Basics Right ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Get The Basics Right
EXAMPLES “ América Móvil’s strong results defy downturn” “ Aircom cites Asia deals as evidence of mobile resiliency to downturn” “ Economic downturn spurs virtualization, unified communications growth” “ Business is ‘unusually’ good for Altera in this downturn” Get The Basics Right
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Engage The Customer
“ Beating the Credit Crunch”:  A document prepared by Nokia Siemens Networks to help its customers cope with the downturn Get The Basics Right
[object Object],[object Object],[object Object],[object Object],Engage The Customer
[object Object],[object Object],[object Object],[object Object],[object Object],Empower Employees
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Empower Employees
CEO Contribution to Corporate Reputation  Source: The Economist Intelligence Unit and Burson-Marsteller Elevate The CEO Total North America Europe Asia Pacific Latin America 47% 44% 43% 52% 55%
Transforming CEO Actions Into Corporate Reputation Effectively addresses problems Focus on  the customer Vision  (Company and Industry) Embraces change Cares for employees Elevate The CEO
Market downturn  puts even more atte n tion on  leadership. Content  versus  intangibles Elevate The CEO
Intel CEO Paul Otellini’s interview with Time on the differences between the dotcom bust and the current global financial crisis  Motorola co-CEO Greg Brown’s interview with FT on the decline of the company’s mobile phone business Elevate The CEO
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Employ Social Media
NTT Docomo CEO Ryuji Yamada’s message on the company web site where he outlined his strategy for coping with the economic downturn Elevate The CEO
Employ Social Media Prepare Listen Monitor Participate Engage Influence
Sun Microsystems CEO Jonathan Schwartz addressed concerns about Oracle’s acquisition of Sun in his blog Cisco Chairman and CEO John Chambers talked about the company’s Q209 results, the state of the global economy and managing in a downturn Employ Social Media
AT&T Facebook profile and dedicated web site where customers can share their stories on how they cope with the downturn IBM’s “Selling in a Downturn” blog where key employees share their thoughts and ideas on how companies can thrive during the financial crisis Employ Social Media
Don’t  DRIP  The  Bad  News
[object Object],[object Object],[object Object],[object Object],[object Object],HANDLING LAYOFFS Don’t Drip The Bad News
HOW NOT TO HANDLE LAYOFFS October 2008:  Company X spokesperson said that China will not be affected by the global layoff  (Source: Tech.163) November 2008:  The same spokesperson said that the company will cut the number of its employees in China  (Source: People’s Daily Online) November 200 8 :  SOHU, SINA and other online news sites posted the news about the layoffs in China February 2009:  In an interview, Company X spokesperson denied news of the layoff  (Source: Tech.163) February 2009:  Almost 1,000 employees in China were laid off  (Source: Beiing Evening News) Don’t Drip The Bad News
THE ‘REINVENTION’ OF GM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Don’t Drip The Bad News
Case Study Redeeming One’s Credibility and Regaining Stakeholders’ Trust Issue ,[object Object],[object Object],[object Object],[object Object],[object Object]
Case Study Redeeming One’s Credibility and Regaining Stakeholders’ Trust Approach ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Results
Build  A  Positive Corporate Reputation  during the downturn “ When the going gets tough,  The tough get going!” - The Jewel of the Nile by Billy Ocean http:// www.youtube.com/watch?v =fg3vzl_VwLc&feature=related

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Telling Your Story In Tough Times

  • 1. Telling Your Story In Tough Times Chris Tang Managing Director The Hoffman Agency Asia Pacific
  • 2. It’s true that the current situation is tough.
  • 3. So, how does one handle bad news?
  • 4. In a downturn, companies either… see an opportunity OR see a threat
  • 5.  
  • 6. Communication is one of the major contributors to building and sustaining brand leadership. Why Communicate During Tough Times?
  • 7. Now is the best time to promote your brand Why Communicate During Tough Times?
  • 8.
  • 9. Keeping Quiet Is NOT The Answer
  • 10.
  • 11. Source: The Financial Times Why Communicate During Tough Times? BRAND INVESTMENTS BRAND EQUITY High Low Reduction in brand investments No reduction in brand investments High loss potential Recession is opportunity Survival game Double or nothing
  • 12. Telling Your Story During A Downturn The Starting Point
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  • 15. EXAMPLES “ América Móvil’s strong results defy downturn” “ Aircom cites Asia deals as evidence of mobile resiliency to downturn” “ Economic downturn spurs virtualization, unified communications growth” “ Business is ‘unusually’ good for Altera in this downturn” Get The Basics Right
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  • 17. “ Beating the Credit Crunch”: A document prepared by Nokia Siemens Networks to help its customers cope with the downturn Get The Basics Right
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  • 21. CEO Contribution to Corporate Reputation Source: The Economist Intelligence Unit and Burson-Marsteller Elevate The CEO Total North America Europe Asia Pacific Latin America 47% 44% 43% 52% 55%
  • 22. Transforming CEO Actions Into Corporate Reputation Effectively addresses problems Focus on the customer Vision (Company and Industry) Embraces change Cares for employees Elevate The CEO
  • 23. Market downturn puts even more atte n tion on leadership. Content versus intangibles Elevate The CEO
  • 24. Intel CEO Paul Otellini’s interview with Time on the differences between the dotcom bust and the current global financial crisis Motorola co-CEO Greg Brown’s interview with FT on the decline of the company’s mobile phone business Elevate The CEO
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  • 26. NTT Docomo CEO Ryuji Yamada’s message on the company web site where he outlined his strategy for coping with the economic downturn Elevate The CEO
  • 27. Employ Social Media Prepare Listen Monitor Participate Engage Influence
  • 28. Sun Microsystems CEO Jonathan Schwartz addressed concerns about Oracle’s acquisition of Sun in his blog Cisco Chairman and CEO John Chambers talked about the company’s Q209 results, the state of the global economy and managing in a downturn Employ Social Media
  • 29. AT&T Facebook profile and dedicated web site where customers can share their stories on how they cope with the downturn IBM’s “Selling in a Downturn” blog where key employees share their thoughts and ideas on how companies can thrive during the financial crisis Employ Social Media
  • 30. Don’t DRIP The Bad News
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  • 32. HOW NOT TO HANDLE LAYOFFS October 2008: Company X spokesperson said that China will not be affected by the global layoff (Source: Tech.163) November 2008: The same spokesperson said that the company will cut the number of its employees in China (Source: People’s Daily Online) November 200 8 : SOHU, SINA and other online news sites posted the news about the layoffs in China February 2009: In an interview, Company X spokesperson denied news of the layoff (Source: Tech.163) February 2009: Almost 1,000 employees in China were laid off (Source: Beiing Evening News) Don’t Drip The Bad News
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  • 36. Build A Positive Corporate Reputation during the downturn “ When the going gets tough, The tough get going!” - The Jewel of the Nile by Billy Ocean http:// www.youtube.com/watch?v =fg3vzl_VwLc&feature=related