Last night I had the pleasure of moderating a panel for the Publicity Club of Chicago on how to use PR strategies to build corporate confidence. The panelists -- all seasoned public relations practitioners in Chicago -- shared case studies for overcoming public skepticism, mistrust and cynicism. The panelists and audience members engaged in lively discussions on topics ranging from tollway and electricity rate hikes, to tainted food products and noisy industry in upscale neighborhoods, to a public company's need to restate its income projections.
Several key points emerged:
The old crisis PR adage, "tell the truth, tell it yourself, and tell it quickly" continues to be valid in building public confidence when there's a difficult situation to manage. Jon Harmon, VP, Communications and Reputation at Navistar, Inc., talked about the importance of clearly and cleanly telling negative news yourself. He relayed how Navistar in 2007 managed the process of telling analysts and the media about profit projections that had to be restated -- downward. He believes the proof of success of Navistar's up-front, come-clean approach was the minuscule dip in the company's stock price on the day of the announcement, compared to a competitor in the industry that suffered a greater loss that day.
It's essential to build community support and generate positive publicity for your organization long before you ever need it. Just as Stephen Covey recommends building up goodwill with others, so that when a relationship is strained it will stretch and not break, Kathleen Cantillon, Director, External Communications at Exelon Corporation, believes it's important for a company to bank goodwill with its community long before the inevitable crises occur. She related examples of how Exelon and its subsidiary, ComEd, are active in community organizations, coalitions, philanthropy and civic activities in the communities where customers live.
It is possible to change a community's attitude about a company. Jim Terman, President and CFO of Jasculca/Terman and Associates, talked about how his firm has helped a scrap iron processor in an upscale Chicago neighborhood build relations with those who live in million-dollar-plus homes nearby. The company offers tours to neighbors, joins local community organizations, gets to know its elected officials and is willing to change some of its operational rules to co-exist more peacefully in the neighborhood. Additionally, company officials have learned to talk regularly about the benefits the company brings to the greater community.
Participants and guests gleaned many other many other valuable nuggets from the 90-minute conversation. To learn more, please contact me at my company, Kathy Schaeffer & Associates, Inc..



