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Welcome to the Fall 2008 edition of
PRComPANion!
The foliage has been so beautiful in
New England this year! We hope you're
enjoying the
season by taking hay rides, picking delicious
apples
or preparing for your big Thanksgiving feast!
PAN is buzzing with lots of news.
We've had
some great client wins in all three
of our portfolios, we've launched a brand new website
which we're so ecstatic about and we welcome
some
great new employees as well
as celebrate the PANniversaries of older
employees.
Some highlights from this issue include:
- Linda Miller breaks down the value of
messaging;
- Mark Nardone writes about accountability
in a
tough
market;
- Three case studies featuring iTKO, NorthStar
Moving and Burns & Levinson;
- An interview with Linda Stewart of
EPOCH;
- PAN wins Novell account!
- Two employees boomerang back to PAN;
- Summer Outing and Halloween photos!
We always look forward to your
feedback. Please continue to send your comments
and suggestions, as we enjoy hearing from you.
Click
here to email
the editor.
| PANacea: Success Stories |
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Recognition in the Luxury
Market Read how this PAN
client strengthened their image as a luxury moving
services company by securing coverage in the
ultimate luxury resource - the Robb Report.
Expertise Shines Amidst a Financial
Crisis With deep knowledge and a strong
strategy, learn how PAN helped
this client attract the media's attention during a
financial crisis.
 The "ESB vs. SOA"
Controversy Discover how comments in
response to a negative post by an influential blogger
started a dialogue which captured the attention of the
traditional mainstream IT press as well as influential
analysts & bloggers.
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| P.A.N.: Practical Advice Now |
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PR Accountability Takes Center
Stage
By Mark C. Nardone, Executive Vice
President
 With marketing dollars tight, recently
companies have
sharpened their focus on accountability. Measurement
in PR, however, needs to go well beyond tracking hits.
It's about the quality of coverage, not just the quantity.
But how do you measure quality? And how do you
know if your agency is equipped to deliver the right
results?
There are three core elements that are fundamental to
strengthening brands and increasing revenues:
Agility
Any partner within your eco-system
should be proactively reaching out to you, discussing
new ways to add value. This is especially true in
public relations. After all, the array of factors impacting
your business don't remain static. Neither should your
PR programs.
To help clients prosper long-term, PR agencies need
to be agile and flexible. The ability to adapt strategies
as clients reinvent themselves and alter goals is
critical. That's why we continually challenge ourselves
and our account teams to evaluate the current
situation and adapt wherever needed. For example, in
a down economy, we apply different levels of
measurement to keep a keen eye on changing
industry dynamics so we can shift programs
accordingly. This means employing shorter program
review cycles to quickly assess the value clients are
gaining, and taking proactive steps to improve
campaigns earlier on.
This is particularly true with social media, which often
generates revenues and other tangible results much
faster than traditional outlets. According to a recent
study by the Society for
New Communications
Research, 74 percent of respondents stated that
they
choose companies and brands based on what others
say online about their experiences. As online
campaigns have become more powerful, prominent
elements of PR campaigns, the agency's ability to
quickly adapt becomes even more crucial.
Innovation
It's common to rein in
creativity
and focus on raw tactics when times are tough, but
that's when it's absolutely essential not to squelch
innovation. What's more, creativity doesn't have to cost
a lot of money. At PAN, we're always looking to
stimulate inventive new ideas. Just because
someone's background is in consumer accounts, for
example, doesn't mean they can't be the one to spur
the next great idea for a technology or professional
services client. That's one of the reasons we like to
brainstorm across the entire organization. It's
exhilarating to see account managers bring fresh
ideas to other teams. This open communication
inspires staff, and breeds fun new ideas that are the
heart of the most memorable campaigns.
Results-Driven
Identifying PR
metrics
should be an inclusive conversation with clients. If this
decision-making process isn't occurring in a
collaborative environment, there's the potential for a
huge disconnect. Smart agencies know that the focal
point of measurement should be re-evaluated on a
regular basis through open dialogue with clients. In
addition, metrics should look beyond mere media
hits. Results could be how many people are following
a blog, how easy doors are opening with sales
opportunities, web traffic spikes the company is
experiencing, how well-attended speaking
engagements are, how many people are "digging" an
article, and much more. It will vary based on countless
elements, including the company's strategic goals, its
audience, and the latest conditions on the ground,
plus analysis of what messages and approaches are
having the strongest impact.
Conclusion
These key elements turn PR into a true extension of
your sales force. PR essentials-from product
reviews to thought leadership pieces to blog
coverage-hit numerous stakeholders and decisions
makers. And they open doors much more easily than
any ad buy or sales rep can. When we hear from a
salesperson we naturally put up our guard. But PR
elements have a different effect. In fact, a recent
Nielsen survey found the vast majority of
people trust
consumer-generated media, news articles, and
broadcast coverage (which are typically driven by PR
agencies) when making buying decisions.
Alternatively, search engine and banner advertising,
along with text ads on mobile phones, scored at the
bottom of the list, with fewer than 35 percent of total
respondents. This gives businesses a tremendous
opportunity to leverage PR to build up sales, at a
fraction of the cost of adding head count.
Time For Your Yearly Check-Up?
By Linda Miller, Director, Messaging & Media
Training
With the fall season here, many of us are
gearing up for and planning our marketing efforts for
2009. It's also a time when we should take a critical
look at how we faired in 2008. Did our marketing
efforts meet expectations? Were we able to offset
economic downturns by smart (or lucky) planning?
Did we make the most of what we undertook? And,
how would our competitors answer those questions?
As activities for next year are being planned, it's a
great opportunity to take a critical, objective look at
how we're communicating our position in the market
and answer some important questions:
- Are current values being articulated to
prospects, customers and the media and analyst
communities?
- Have there been any competitive changes
in your market that provide opportunities we didn't
have before? For instance, has there been
consolidation amongst competitors? Are there
technology advances that have changed your position
in the market? Have economic changes affected your
prospect base? All of these things play into possible
changes to value statements.
- Is a major change in your offerings
planned for the coming year? Are you planning
offerings to new vertical industries?
- When did you last review your messaging
statements and competitive position in the market?
To anyone that hasn't had that yearly positioning and
messaging "check-up," I'd like to offer our services.
Messaging is the compass that guides not only
promotional activities, but the way in which each
individual speaks about the company. It is this
consistency that gives customers a level of comfort
and trust. To accomplish this, everyone on the team -
from customer service reps to company executives -
needs clear, agreed upon direction. Businesses can
gain tremendous economies of scale if everyone is
talking about the company in the same way. When we
think about some of the most memorable brands,
often it is their consistency and familiarity of message
that resonates with us, more so than any snazzy
advertisement or marketing promotion.
We offer an objective look at your company's position
in the market alongside that of your key competitors.
We talk to stakeholders within your company, to the
media and analyst community to ascertain market
perceptions. We also complete a critical review of
how your competitors are positioning themselves
which can and often does offer insight into unspoken
benefits you provide that haven't been articulated. We
look at your vision for the future to make sure we are
honing messages that will connect that future vision to
where we've been. Our work includes a messaging
workshop - a half day long exercise that presents our
findings and gives your company's stakeholders the
opportunity to discuss all that's been learned. By the
end of the session, everyone is on board and in
agreement on the values and differentiators that are
most important to your target markets. Once the
workshop is complete, we deliver to you a Market
Focus Brief - a document that provides you short,
medium and long versions of your messaging
statements along with stated differentiators and proof
points. It's a great roadmap for marketing to use
when planning future activities and your sales team
will love having a single document that outlines all key
differentiators and provides proof points.
Our process works for virtually any kind of company in
any industry. We have created messages for
companies that are leaders in their fields to start-ups
aspiring to be. A recent example is for a job
destination site - Beyond.com. Beyond.com is a
company that competes with the likes of Monster.com
and CareerBuilder.com and needed to be able to
articulate their unique niche market value. During the
messaging process, we were able to hone in on what
job seekers and employers really wanted/needed in a
site, then worked that against the
values/differentiators that Beyond.com brings and
helped to create messages that clearly articulated why
it is crucial to work with Beyond.com to find the best
job or the right candidate. At a very basic level, what
really made Beyond.com different was that they are a
network of niche sites (offering specific industry and
geographic expertise). That value (among others) is
clearly and simply demonstrated on their website,
www.beyond.com.
A messaging review strengthens subsequent
marketing and public relations activities by providing
clear direction for future campaigns. A compelling
message makes each PR hit more effective. After all,
the best media coverage in the world is fairly
meaningless if the message isn't right on. It is the
quality of the coverage, not just the quantity that is
important. Organizations will get the best bang for
their buck by having a yearly messaging check-up to
create a foundation for PR and marketing activities.
Examining and developing company messaging is
always an exciting endeavor and one that is well worth
undertaking to maximize success in the coming year.
If you would like to chat about our experiences with
messaging, feel free to email or give me a call at
978.474.1900 x214. I'd love to hear from you.
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| PANagram: Client Perspective |
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Linda
Stewart President, CEO & Founder
Linda Stewart is the President, CEO & Founder of
EPOCH, a
pioneering provider of executive project services that
help organizations obtain the executive talent they
need on a free agent basis. EPOCH's mission is to be
the leading broker of independently employed
executives for the financial services industry.
Why did you choose PAN as your PR agency?
PAN was recommended to me by one of my
business partners' friends who had used PAN in the
past and was extremely satisfied.
What are some of the PR challenges with your
business model and the industry you play in (pre and
post meltdown)?
The biggest challenge we have is introducing our
concept to the marketplace. We have a very new way
of doing business in the US, although it is a widely
accepted practice in Europe, and has been for years.
So, getting the word out that there is an alternative to
traditional hiring practices WAS our biggest challenge.
Now, with the economic meltdown, another challenge
we face is that we are focused exclusively on the
financial services market and there is very little
discretionary spending as a result of the crisis. I
remain convinced that when we get through this
period, and we will, our variable cost way of doing
business will be a very attractive and compelling
business proposition for these firms. They will need to
move their businesses forward but will want to control
and minimize the fixed costs associated with
traditional hiring practices. The use of interim
management supports the need to manage fixed
costs and get things done, but it's still a "new
fashioned" way to manage your business.
What do you find most appealing about
working with the PAN team?
I find the energy level and the positive mental
attitude of everyone I've ever dealt with at PAN to be
what I find the most appealing. Obviously, they are
also extremely good at what they do, but what makes
PAN different, is the way in which they interact with
each other and with my team....they are a delight to
work with. In fact, I feel as if they are a part of my team!
How do you consider PAN to be an extension of
your internal team?
As I noted in the prior question, I absolutely
consider them part of the team because they have
taken the time to really get to know my business and
my market and they proactively help identify timely and
relevant opportunities. In fact, I sometimes forget that
they have other clients! They make me feel as if I'm
the only one!! They are superstars!!!
What are some creative counsel/ideas that the
PAN team has provided to you?
The PAN team has helped me a lot with my
positioning. I pride myself with trying to be creative as
well, but they never discourage my ideas, no matter
how silly some of them probably are! They have also
been instrumental in the creation and writing of my
blog. I couldn't do it without them!!
How has PAN been able to enhance
your PR
initiatives? How have the results impacted your
business?
The PAN team has gotten us into some of the
most respected and most well read newspapers and
magazines around today. We've been in The Wall
Street Journal and The New York Times, to
name just
a couple. Not only have they gotten EPOCH's name
and brand into the marketplace, but they have
positioned me as a thought leader in this space as
well. So, in my mission to increase awareness, I
couldn't be happier. That was our mission for the first
year. Our mission now, is to have that awareness
translate more directly into revenue. We need to get a
few placements and then we'll have some great
cases studies and success stories to tell and
continue to build the business on.
What are your PR goals for 2009?
My goal in 2009, as noted above, is to build the
revenue to support some of our other initiatives. I am
hoping that the general brand awareness that we
generated so far will get me to a place of revenue
where we can continue to build my personal brand as
a thought leader into the market. I hope to be able to
speak more broadly next year as a way to continue to
get the message out while leveraging my personal
and my company brand.
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| PANtastic Promotions and New Employees |
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We're proud to
announce that
Erica Burns has been promoted to
Senior Account Manager. We're
also excited to congratulate Emily Held
for being promoted to
Associate and Michelle Pappas for
being promoted to Junior Associate!
PAN welcomes two employees!
Account Manager
Becki Parkhurst
Account Coordinator Angela DiSanto
Welcome to PAN!
Happy PANniversary to our employees!
September:
Amy Morris - 2 Years
Jane Carpenter - 1 Year
Lisa Astor - 1 Year
October:
Jennifer Meyer - 11 Years
Shannon Palmer - 3 Years
Kim Spiller - 2 Years
Michael Sullivan - 2 Years
Pam Woodford - 2 Years
November:
Alexis Gordon - 3 Years
Kim McCrossen - 3 Years
Happy PANniversary to the following
clients!
September:
KANA - 8 Years
Cyber-Ark - 3
Years
October:
CiRBA
- 2 Years
Knoa Software
- 2 Years
ABCSearch
- 1 Year
Pluris
- 1 Year
November:
Acsis
- 2 Years
Happy Birthday to our employees!
September:
Stacy Pelletier
Susan Lloyd
Cathy Rogers
Aidan Bradley
October:
Erica Burns
Karen Fein
Linda Miller
Amy Morris
Tim Munroe
Michelle Pappas
Joel Richman
November:
Lauren Warman
Mike O'Connell
Phil Nardone
Jeff Dillow
Ashley Thomas
Emily Held
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| PANtastic News: Current Agency Happenings |
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Once again,
we're
thrilled
to announce new client wins across all three
of our
portfolios!
The technology portfolio is thrilled to
welcome the following new clients: Novell, Vantrix, Motricity, CODY Systems,
Inc., and Omtool.
The consumer portfolio is excited to
announce two fabulous new clients: Luggage
Forward, The Hanger
Project and QIO Systems.
And lastly, the professional services portfolio
is psyched to be named the agency of record for DiCicco, Gulman &
Company! Click here to read the release
announcing
this win!
Life at PAN: Our
Employees Make Us
Shine
PAN welcomes back two boomerang
employees. Becki Parkhurst and Tim Munroe rejoin as
Account Manager and Director of Business
Development, respectively. We are so excited to have
them back! We asked them some questions about
their time away, what they missed about PAN and
some other topics:
When did you originally start at PAN?
What was your role?
Becki: I started at PAN in May of 2004 as an
Associate,
quickly moved up to the Senior Associate role and
then to Account Manager. While at PAN I worked on a
variety of high tech and consumer clients and secured
coverage for my clients in The Wall Street
Journal,
TIME Magazine, U.S. News & World Report
and the
Associated Press.
Tim: I started at PAN as an Account
Manager in
2002 and was promoted to Business Development
Manager shortly thereafter. When I left PAN in Jan.
2008, I was the Business Development Director.
What did you like most about
PAN?
Becki: I like a lot of things about
PAN! First
and foremost, the collaborative environment that the
team operates in on a daily basis is something I truly
value. The creativity amongst the staff at any given
moment is amazing.
Tim: It's crazy and exciting. Fast-
paced.
Adventurous. Things are always changing and we are
constantly trying new things. There's huge diversity
and variety in our workplace, and no day is the same.
Personally that's the type of environment I thrive in,
and it took leaving here to find that out.
Where did you work after PAN?
Becki: After three and a half years at
PAN, I
went to work at PerkettPR, a virtual PR agency.
Although I had a great experience, I realized that I
work best in an office setting, face-to-face with my
colleagues.
Tim: I have a long commute and I
had wanted a
job closer to home. I became a Business
Development Manager for the Midwest territory for
Newmarket International selling their hospitality
software-it's about 20 minutes from my home and I
thought I could get some great sales experience there.
I was there for eight months and realized that
as the
economy was skidding, the hospitality market was
going to be hit hard. The Midwest is conservative by
nature, and software wasn't huge on my customers'
priority list. I was doing well but the market wasn't.
At the same time, my old position at PAN had
opened
up again and I got a call from a colleague asking if I
would be interested in coming back to PAN. I've
never gone back to a job
I left before. But I was flattered, and happy the
team here asked me to come back. It's a good fit for
all of us and something I'm very pleased I did. The
way I look at it now is that I went away for eight months
of
sales training and brought those skills back to PAN!
What did you miss most about
PAN?
Becki: I really missed seeing my
team
members on a daily basis and the bi-weekly staff
meetings. The staff meetings are always so
interactive, informative and fun! I also missed the
contests put on by the Media Department. I loved the
competition!
Tim: I missed the energy, the
camaraderie, the
variety of clients' products and services. No two days
here are alike. I learn something new every day,
and that's what drives me and what makes me tick. I
don't enjoy the routine and PAN is anything but routine.
PAN Events
PAN's Summer Outing was held on
August 15,
2008 in beautiful Rye Beach, NH. The theme
was the
Olympics - quite timely, considering the outing was
held during the actual Olympic games! Employees
participated in
PAN's own version of the games - which included
potato sack races, egg carrying relays, puzzle solving
and making our own Olympic flags from scratch!
Trick or Treat!
PAN held it's annual Halloween party on Thursday,
October 30. This year's theme was: Hollywood
celebrity look alikes. Employees dressed up and
enjoyed delicious treats
& signature drinks!
Please go to this link to view more
pictures
from PAN's Summer Outing & Halloween Party!
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PAN-o-rama: Views From Our President |
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Amidst the financial crisis, corporate America is
putting each and every business expense under the
microscope, and for good reason. This economic
mess has hurt everyone and small businesses are
no exception. The trick is determining where to cut
expenses to keep on track. Some companies take
a "hatchet" to their budgets, slashing expenses
across the board and others take a good hard look at
where they're getting the most bang for their buck.
Interestingly, while some have perceived PR as a
nicety to invest in during boon days, savvy business
leaders have realized that it's a necessity to survive
during tough times. In fact, one of the key action items
that the private equity firm Sequoia Capital advises for
beating the recession is to ramp up PR and marketing
campaigns aggressively. According to those who
attended the VC firm's recent presentation to portfolio
companies, the message was abundantly clear: "In a
downturn, aggressive PR and communications
strategy is key."
A recent PRWeek
article reinforced the point that
maintaining a strong, positive image, despite a
sluggish economy, can differentiate a company and
send a strong message that it's "not only weathering
the storm but performing in spite of obstacles." The
author went on to say that "Economic slowdowns
should signal business leaders to be more bullish
with their PR efforts, which they can do without
breaking the bank."
Of course that doesn't mean playing fast and loose
with the budget. The reality is that each dollar needs to
be invested wisely. I agree wholeheartedly with
Sequoia Capital that businesses need more data to
tie marketing and PR activities to the bottom line. This
kind of proactive research arms PR teams with the
knowledge to present their executive team with
concrete ideas of where they can conserve cash and
where they're getting the highest ROI. At PAN, we
pride ourselves on the level of accountability we
deliver to all our clients. Each team maintains three-
month action plans and dashboards that track results
and show our clients the return on their investment on
a quarterly basis. This presents our PR teams with
the opportunity to demonstrate leadership when our
clients need it the most. A recent Economist
article
concurred, suggesting that "the downturn may even be
a blessing in disguise," helping strong
companies "stand out more easily and steal market
share."
The author went on to say that "firms are also being
more selective about the channels they use to
communicate with existing and potential customers."
It is this relentless focus on ROI that will continue to
elevate PR to the top of the heap when it comes to
communications spending. The targeted nature
and "big bang" impact that PR has to break through
barriers gives it added prominence in the
communications mix. In other words, as consumers
and business users alike tune out traditional
advertising, marketers are seeing the immense value
of PR to carry forward a message in a more credible
manner. If, for example, someone reads a thought
leadership piece in a trade publication, he's much
more likely to be receptive to the message than he
would if he were being bombarded with the same
message in an advertisement. Marketers are taking
note of this shift. In fact, a recent New York
Times
article noted that companies are reducing their ad
budgets or shifting to lower-cost alternatives like
e-mail marketing and public relations.
In the end, businesses need to keep a keen eye on
each communication investment, asking: Is the
message getting through? Is it having the desired
impact? What are the results?
Likewise, as PR practitioners we need to continually
look for new ways to make the most of every dollar. To
that end, we recently sat down with our account
teams, to discuss and brainstorm finding new ways to
build additional visibility into each campaign activity
we undertake. Likewise, our senior team held a round
table discussion earlier in the year to identify and
hone PR measurement across our portfolios. This is
just a start. As an extension of our client's PR teams,
we continually seek fresh, innovative ways to help
elevate and strengthen their brands.
As our clients navigate through these challenging
times, we look forward to helping them protect their
image, and their future. As always, I welcome your
feedback, and encourage you to contact
me.
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