Thursday, September 1, 2016

Investor Relations Study: Owned Media Essential for Shareholder Communications

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Long before PR departments came to embrace the omnichannel media labels “owned, earned and paid,” investor relations teams were contiguously publishing owned media onto IR websites.

It’s important to note that IROs have shown great communication prowess with these persona-driven microsites: IR websites are not officially required by the Securities and Exchange Commission.

Since the first commercial-built IR website was launched in 1995, these shareholder destinations have evolved to become the essential face of the financial brand and a tangible demonstration of corporate transparency.

This transparency is important in booms and busts alike as our white paper IR Best Practices to Weather an Economic Storm explores:

“For IROs, the secret to weathering a downturn lies in a back-to-basics approach. Those companies that continue to communicate regularly with shareholders, candidly explaining both the negatives and positives of the situation at hand, are strengthening critical relationships and are in the best position to succeed once hard economic times are over.”

So, just how effective are investor relations websites in strengthening shareholder relationships?

One of the 29 questions in our latest Shareholder Confidence 365 Study asked institutional and individual investors whether they would invest in a public company that does not have an IR site. As the following snapshot shows, an IR room presence does impact investment decisions.

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Here are some examples of the IR websites we host for public companies:

Learn more about investors’ preferences and habits with a copy of our Shareholder Confidence 365 Study.

For this 2016 iteration, we segmented and compared the results between institutional and individual investors. To date. we have accumulated over 6,870 responses from a pool of 16,000 buy-side analysts and portfolio managers and from over 15,000 long-term holding retail investors.

Other questions asked of participants include:

  • Do you use Twitter for stock research?
  • Would a CEO video instill trust?
  • Do you use earnings estimates?

Get all of the answers by requesting the full 30-page hardcopy report now.

Request a Copyof IR Study

Author Bradley H. Smith is Director of Marketing, Investor Relations and Compliance Services at PR Newswire and Vintage.



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Why don't the leaders of countries like Russia, China, Germany, Poland, France and Ukraine issue their statements in English usually? Do they not know English very well?

Why should they issue statements in a language other than their own? For the benefit of those who only speak English??

When foreign leaders meet at a summit, they always communicate at official events through an interpreter, even though they may have a language in common. It's to give the diplomatic perception of equality and to be a faithful and loyal representative of the people of the country who speak that language.


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The do’s and don’ts of professional networking on social media

These are the kinds of headlines many PR pros expect to see when logging in to LinkedIn:

We just had our first baby, and isn’t she beautiful?

Please think of my family member in his time of need.

This politician said that, and it makes me so mad.

Many are often prefaced with “I know this isn’t appropriate for a professional networking site, but…”

PR and marketing pros, listen to your gut. LinkedIn is a place to pitch yourself as an expert in your field, not your life story.

Posting personal content feels more similar to the moments on “Shark Tank” when the pitch has failed and the contestants resort to their inspiring—yet irrelevant—personal stories.

Knowing your audience

Personal content isn’t inappropriate for a professional networking site. It often stands out in a way that it wouldn’t on Facebook or Twitter.

Although human interest stories that evoke emotion will naturally attract more eyeballs than boring listicles about office etiquette, to see shares and “likes” in LinkedIn, there must be some tie-in to the poster’s professional image or personal brand.

John Nemo writes about that phenomenon in a LinkedIn post:

One of the most personal posts I've ever penned on any social network (let alone a “professional” one like LinkedIn) generated hundreds of page views, likes and comments - much to my surprise.

Although his posts often include personal struggles, each purposefully transitions to business lessons.

From Nemo:

I'm not talking about you spewing out a nonstop stream of puppy photos, bible verses or personal opinions on LinkedIn. I'm talking about tying in personal stories from your own life into the business-themed content you share on LinkedIn.

How personal content can hurt—or help—your brand

One prominent example comes from Candice Galek, the owner of Bikini Luxe, a designer swimwear boutique.

To LinkedIn’s scorn, she posted pictures of people modeling her swimwear. The pictures caused a predictable uproar, and LinkedIn suspended her account, reinstating it only after she complained.

From Galek on what she learned:

I did not put these pictures up on LinkedIn to offend or humiliate anyone. I just wanted to sell swimsuits.

She did just that. Her sales jumped 20 percent in two weeks, and within 20 months she went from a coffee-table business to employing 40 staff . All this was in addition to the publicity value of the many stories and interviews about the posts that elicited the protests.

How brand managers should react

Posting personal stories on LinkedIn has a consequence: It erodes the barrier between users’ professional and personal lives.

If it’s inappropriate to post personal stories on LinkedIn, should it also be inappropriate for employers to vet prospective hires’ Facebook accounts? Executives often find personal content irresistible, and lower-level employees increasingly find employers' intrusions non-negotiable.

It’s a dilemma, to say the least.

Social media platforms tend to look more alike every day. Instagram is taking a page out of Snapchat’s book; even Bumbl, a dating app, is launching a professional networking service.

Clever PR pros shouldn’t gripe at the blurry lines; instead, they must do what they do best and innovate accordingly.

Carlin Twedt is the marketing and social media manager at Ragan Communications. You can connect with him on Twitter at @Carl_In_Tweets.

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Do you have the best intranet?

 

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People always say that the US has gun ownership in its constitution so that it can challenge the current government/establishment. Is there a reasonable way that this could ever be achieved? I live in the UK and find gun ownership unfathomable but it would be interesting to hear any theories.

Let me defer on this to one of the finest legal minds in country: Alex Kozinski, federal judge, 9th US Circuit.  What follows below is from his dissent in a 2003 case.  It is one of the most spirited defense of the Second Amendment ever written.

"The majority falls prey to the delusion -- popular in some circles -- that ordinary people are too careless and stupid to own guns, and we would be far better off leaving all weapons in the hands of professionals on the government payroll. But the simple truth -- born of experience -- is that tyranny thrives best where government need not fear the wrath of an armed people. Our own sorry history bears this out: Disarmament was the tool of choice for subjugating both slaves and free blacks in the South. In Florida, patrols searched blacks' homes for weapons, confiscated those found and punished their owners without judicial process.

In the North, by contrast, blacks exercised their right to bear arms to defend against racial mob violence. Id. at 341- 42. As Chief Justice Taney well appreciated, the institution of slavery required a class of people who lacked the means to resist.  A revolt by Nat Turner and a few dozen other armed blacks could be put down without much difficulty; one by four million armed blacks would have meant big trouble.

All too many of the other great tragedies of history -- Stalin's atrocities, the killing fields of Cambodia, the Holocaust, to name but a few -- were perpetrated by armed troops against unarmed populations. Many could well have been avoided or mitigated, had the perpetrators known their intended victims were equipped with a rifle and twenty bullets apiece, as the Militia Act required here. See Kleinfeld Dissent at 5997-99. If a few hundred Jewish fighters in the Warsaw Ghetto could hold off the Wehrmacht for almost a month with only a handful of weapons, six million Jews armed with rifles could not so easily have been herded into cattle cars.

My excellent colleagues have forgotten these bitter lessons of history. The prospect of tyranny may not grab the headlines the way vivid stories of gun crime routinely do. But few saw the Third Reich coming until it was too late. The Second Amendment is a doomsday provision, one designed for those exceptionally rare circumstances where all other rights have failed -- where the government refuses to stand for reelection and silences those who protest; where courts have lost the courage to oppose, or can find no one to enforce their decrees*. However improbable these contingencies may seem today, facing them unprepared is a mistake a free people get to make only once."

As a gentle reminder, let me point out that it was only about 75 years ago when the citizens of this country sent tens of thousands of their own guns overseas so that our friends in the British Isles could defend their homes from the invading Germans. 

There is nothing "reasonable" about it: There are things we have to be willing to fight, and die, for.  Best be prepared.


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Winners announced for PR Daily’s Nonprofit PR Awards

 

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10 companies with fantastic cultures

Having a great company culture is no longer just an option. Today's workers consider it as much as they consider salary and benefits. In fact, a fantastic company culture is almost expected along with other traditional benefits.

While the culture that works for one company might not work for another, you can learn a lot from companies who are doing it right, and get started on company culture hacks of your own.

1. Zappos

Zappos has become almost as well known for its culture as it is for the shoes that it sells online. What does that culture look like?

It starts with a cultural fit interview, which carries half the weight of whether the candidate is hired. New employees are offered $2,000 to quit after the first week of training if they decide the job isn't for them. Ten core values are instilled in every team member. Employee raises come from workers who pass skills tests and exhibit increased capability, not from office politics. Portions of the budget are dedicated to employee team building and culture promotion.

Great benefits and a workplace that is fun and dedicated to making customers happy all fit in with the Zappos approach to company culture—when you get the company culture right, great customer service and a great brand will happen on its own.

Takeaway: Zappos hires according to cultural fit first and foremost. It has established what the company culture is, and fitting into that culture is the most important thing managers look for when hiring. This promotes the culture and happy employees, which ultimately leads to happy customers.

Related: The 4 Steps Needed to Instill an Entrepreneurial Mindset Into Your Company Culture

2. Warby Parker

Warby Parker has been making and selling prescription glasses online since 2010. It designs its own glasses, and sells directly to customers, cutting out the middleman and keeping prices low.

Company culture at Warby Parker instigates "culture crushes," and one reason for that level of success is a team dedicated to culture. That team means that a positive culture is on the forefront, setting up fun lunches, events and programs. The company makes sure that there is always an upcoming event so the entire team has something to look forward to, and it uses methods to make sure the entire team works well together by insisting everyone helps keep break areas clean or sending random employees out to lunch together.

Takeaway: Warby Parker has made company culture deliberate by creating a dedicated team tasked with coming up with events and programs to promote community. Great company culture doesn't happen on its own.

3. Southwest Airlines

The airline industry is often mocked for grumpy employees and poor customer service, but Southwest Airlines bucks those trends. Customers loyal to Southwest often point to happy and friendly employees who try hard to help.

Southwest isn't new to the game. It's been in operation for 43 years. Yet somehow, during all that time, the company has managed to communicate its goals and vision to employees in a way that makes them a part of a unified team. Southwest also gives employees "permission" to go that extra mile to make customers happy, empowering them to do what they need to do to meet that vision.

Takeaway: Employees who are convinced of a larger common goal are people who are excited to be part of a larger purpose.

4. Twitter

Employees of Twitter can't stop raving about the company's culture. Rooftop meetings, friendly coworkers and a team-oriented environment in which each person is motivated by the company's goals have inspired that praise.

Employees of Twitter can also expect free meals at the San Francisco headquarters, along with yoga classes and unlimited vacations for some. These and many other perks are not unheard of in the startup world. But what sets Twitter apart?

Employees can't stop talking about how they love working with other smart people. Workers rave about being part of a company that is doing something that matters in the world, and there is a sense that no one leaves until the work gets done.

Takeaway: You can't beat having team members who are pleasant and friendly to each other, and are both good at and love what they are doing. No program, activity or set of rules tops having happy and fulfilled employees who feel that what they are doing matters.

5. Chevron

While oil and gas companies are prime targets for a lot of negative PR and public ire, Chevron employees responded favorably towards the company's culture. Employees compared Chevron with other similar companies and pointed out "the Chevron way" as being one dedicated to safety, supporting employees and team members looking out for each other.

Chevron shows it cares about employees by providing health and fitness centers on site or through health-club memberships. It offers other health-oriented programs such as massages and personal training. Chevron insists employees take regular breaks. In other words, the company shows it cares about the well-being of employees, and employees know that they are valued.

Takeaway: Your company culture doesn't have to be ping-pong tables and free beer. Simply providing employee's with a sense of safety and well-being and creating a policy where everyone looks out for each other can easily suffice.

6. SquareSpace

This successful startup is regularly voted as one of the best places to work in New York City. Its company culture is one that is "flat, open and creative." A flat organization is one where there is no (or very few) levels of management in between staff and executives. This approach is more common among startups, and can be tricky to maintain as a company grows larger, generally requiring groups to form.

SquareSpace also offers robust benefits and perks, including 100 percent coverage of health insurance premiums, flexible vacations, attractive office space, catered meals, stocked kitchens, monthly celebrations, relaxation spaces and periodic guest lecturers. Solid benefits such as these help a culture, but are not the sole instigator of successful culture. Down-to-earth leaders and direct access to management have a great deal of impact.

Takeaway: Employees feel their voices can be heard when they aren't muffled under layers of management. This level of freedom and empowerment creates confident employees and improves morale.

Related: Design Your Office to Fulfill Employees' Most Basic Needs

7. Google

It would almost seem wrong not to mention Google on a list of companies with great culture. Google has been synonymous with culture for years, and sets the tone for many of the perks and benefits startups are now known for. Free meals, employee trips and parties, financial bonuses, open presentations by high-level executives, gyms, a dog-friendly environment and so on. Googlers are known to be driven, talented and among the best of the best.

As Google has grown and the organization has expanded and spread out, keeping a uniform culture has proven difficult between headquarters and satellite offices, as well as among the different departments within the company. The larger a company becomes, the more that culture has to reinvent itself to accommodate more employees and the need for management.

While Google still gets stellar reviews for pay, perks and advancement, there are also some employees who note growing pains that you'd expect from such a huge company, including the stress associated with a competitive environment. Hiring and expecting the best from employees can easily become a stressor if your culture doesn't allow for good work-life balance.

Takeaway: Even the best culture needs to revisit itself to meet a growing company's team. The most successful company culture leads to successful business, and that requires an evolving culture that can grow with it.

8. REI

For outdoor enthusiasts, REI has long been the company to turn to for great gear. Employees of REI, a cooperative where profits benefit its member-owners, also agree that this is a place where greatness happens, even beyond the beloved camping and outdoor products. REI's mission is to equip both customers and employees for the outdoors, not just to have fun but also in promoting stewardship of the environment.

REI says that its employees give "life to their purpose," firmly attributing company success to workers. The CEO of REI has acknowledged thatemployees can get benefits anywhere, but allowing outdoors-oriented employees to immerse themselves in REI culture is what makes it unique. Employees can win equipment through "challenge grants" where they submit a proposal for an outdoor adventure that would be challenging. Regular townhall-style meetings are held where employees can submit questions anonymously to help management understand what's happening in the company.

Takeaway: When your employees are completely immersed in the same interests as your company, the culture propels itself forward almost on its own. Culture that is owned and propelled by the same people puts value in their voices.

9. Facebook

Just like Google, Facebook is a company that has exploded in growth as well as being synonymous with unique company culture.

Facebook offers, as do many similar companies, lots of food, stock options, open office space, on-site laundry, a focus on teamwork and open communication, a competitive atmosphere that fosters personal growth and learning and great benefits.

Yet, Facebook has the same struggles as similar companies: a highly competitive industry leads to a sometimes stressful and competitive workplace. Additionally, a free and organic organizational structure that worked for the smaller organization is less successful for the larger one.

To meet these challenges, Facebook has created conference rooms, has separate buildings, lots of outdoor roaming space for breaks and has management (even CEO Mark Zuckerberg) working in the open office space alongside other employees. It's an attempt at a flat organizational culture using the buildings and space itself to promote a sense of equality among the competition.

Takeaway: When your company depends on new hires who excel in a competitive field, your company culture and any associated perks will likely be the tipping point for applicants. You must stand out from other companies vying for attention.

10. Adobe

Adobe is a company that goes out of its way to give employees challenging projects and then provide the trust and support to help them meet those challenges successfully. While it offers benefits and perks like any modern creative company, Adobe's is a culture that avoids micromanaging in favor of trusting employees to do their best.

Adobe products are synonymous with creativity, and only through the avoidance of micromanaging are the people who create those products truly free to create. For example, Adobe doesn't use ratings to establish employee capabilities, feeling that that inhibits creativity and harms how teams work. Managers take on the role of a coach, more than anything, letting employees set goals and determine how they should be assessed.

Employees are also given stock options so that they know they have both a stake and reward in the company's success. Continual training and culture that promotes risk taking without fear of penalty are part of Adobe's open company culture.

Takeaway: Putting trust in your employees goes a long way towards positive company culture, because trust leads to independent employees who help your company grow.

Conclusion

Many of these companies offer similar perks and benefits, but those do not determine the culture completely. The approach taken with how employees are treated and what level of ownership and trust they are given is also a key part of company culture.

One word of caution: focusing on company culture to the exclusion of other workforce considerations (safety, laws, regulations) can lead to abuses or create situations where employees aren't comfortable. Even the best examples of culture on this list have detractors.

Remember that the best culture makes all employees feel safe and welcome, never excluded or uncomfortable. Focusing on "culture fit" alone makes it difficult to hire and welcome employees who are different than the prevailing culture, even if they'd be an asset and great counterbalance at your company. Your company culture needs adjustment if it causes you to end up with a homogenized team who think and act the same.

Related: 5 Hidden Dangers of a Stereotypical Startup Culture

Sujan Patel is the vice president of marketing at When I Work, an employee scheduling software solution for small businesses. This article originally appeared on Entrepreneur.comCopyright © 2016 Entrepreneur Media, Inc. All rights reserved.



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