Title: FOCUS The MBA Value Proposition Annual Industry Conference
1FOCUS The MBA Value PropositionAnnual Industry
Conference
Tim Westerbeck Executive Vice President
Principal
2Do you remember?
- What story was on the cover of U.S. News and
World Report 2 issues ago? - What was the biggest news story involving UCLA in
the past year? - Which schools were cited in the first four
paragraphs of the latest Business Week rankings
cover story? - Who is Dave Wilson?
3Whats the point?
- Media relations is about far more than getting
media coverage.
4Yeah. Good point. Anyway, how do you get more
media coverage?
- Frustration (Were great, why doesnt everyone
know that?) - The that one time syndrome (The presentation of
the document.) - Wasted resources (Heres our series of releases
about the new drinking fountain.) - A false sense of comfort (PPP)
5Experience the mind shift to brand-based media
relations
- PR by the pound mentality BAD
- Media relations is a means to an end.
- You think like a marketerand media relations is
one of many tactics that will build your brand. - The media is one of your most important market
segments, a customer, really. - The goal with the tactic is to create brand
awareness and establish value added relationships
with reporters.
6Characteristics of brand-based media relations
- Starts with the marketplacebrands exist only in
the minds of individuals in your target audience
(the mind of the media). - Reverses the we make it, you take it mentality
to what do you need? - It is based on a clear positioning (if not a
brand strategy) and is part of a strategic
marketing plan.
7A few words about your brand
- A product, service or concept of an organization
that is clearly distinguished from other
products, services or concepts offered by other
organizations. - Brands distinguish themselves via their names,
signs, symbols, actions, communications and the
perceived value they provide.
8A few more words about your brand
- Successful brands deliver brand-related
communications and actions at all points of
customer contact that reinforce the core meaning
of the brand. - The media is not only a customer, but a major
point of customer contact for all of your
constituents.
9So what do I do to get more brand-based media
coverage?
- Steps to Building Brand-Based Media Relations
into your Marketing Efforts - A Short Course
10Step 1 Understand how your institution defines
marketing
- What is the tactical mix?
- Is there a written, integrated marketing
strategy? - Are there well-articulated, common marketing
objectives? - Is message development and tactical planning
explicitly based on market research?
11Step 2 Push for a common definition of the
schools brand
- What constituents value about the
institutionfrom all angles. - What we are, not what we do.
- Use objective external research.
- Objectively analyze your competition.
- Focus on your unique mission.
- Understand what is consistently valued across all
market segments.
12Some friendly advice
- Your brand is not excellence, that one is
already taken. (Its not quality either.) - Be brutally realistic about your institutionits
strengths, weaknesses and major characteristics.
13Some more friendly advice
- Focus on meticulously defining unique,
value-added differences related to your program. - Brands exist only in the mind of the marketplace
(and the media is part of that marketplace).
14Step 3 Commit to creating a brand-based media
relations plan
- The brand is the basis for all strategic and
tactical planning, including media relations. - The objective is to find, create, package and
promote as many examples of your institutions
brand characteristics as possible. - Think of yourself as a journalist that can only
publish stories that support your institutional
claims.
15Step 4 Carefully research your target audience
- What do you know about reporters and how they
work? - What are their demographics?
- Who, specifically, are they?
- What, specifically, has each of them written
about in the past 12 months? - What are the parameters of their
publication/media outlet?
16What about reporters?
- They are people, not the media.
- Almost all are overworked and under paid.
- Their working environments often stink.
- They lose their jobs if their reporting is not
compelling and accurate.
17More about reporters
- Its a high turnover job.
- Most are younger and are learning on the job
(without the benefit of much supervision or
training). - Some are, well, smarter than others.
- They are all just trying to get it right.
- They need your assistance and good ideas that
relate to their objectives.
18Dimensions of media market research
- Identify discreet categories and tiers of media,
based on objectives. - Detail reporter characteristics and differences.
- Research what your constituents read and their
channels of information. Make these high priority
targets. - Segment by subject.
- Map your market.
19Dimensions of media market research
- Conduct detailed and ongoing trend and issue
analysis. - Use services such as Ascribe to leverage your
monitoring and analysis capabilities. - Be constantly mindful of matching what you are
selling with those best positioned to buy.
20Step 5 Plan a diverse set of tactics in media
relations
- This is the precursor to mining for brand-based
stories to promote. - Its the time to ask how much can we do? and
what is the best use of our time? - It is best determined based on your channel
analysis of how your targets get information.
21The tool kit
- Institutional feature stories
- Specific program focus
- Faculty expertise and related issues
- Data sets and analysis
22The tool kit (contd)
- Relationships/strategic partnerships
- Opinions
- Promotion of students, alumni and other human
symbols of the schools brand - Making news
23Mining Institutional feature stories
- Focus on a single institutional strength or brand
characteristic and work backward. - A radical program change or a single
institutional brand characteristic such as
adaptive. - A smart risk or calculated gamble.
- A unique niche.
24Mining Specific program focus
- The one thing that is better than everything.
Forget the politics, if you can. - Beat the drum shamelessly and often.
- Aspire to become the thought leader.
- Demonstrate your knowledge of the issues to the
media. In fact, impress them.
25Mining Faculty expertise
- Cultivate a working relationship with 5 great
faculty in popular areas. Work backward from the
market. - Get their commitment to the plan and the program.
- Help them look good. (In fact, tell them they are
good looking.) - Use them to develop relationships. (When they are
in New York, set up a media session.)
26Mining Data sets and analysis
- Data sells. Find as much as you can to support
your schools brand characteristics. - Mine what you have that isnt apparent. (It might
be buried in faculty research.) - Work across functions (career placement,
admissions, administration, development,
operations, alumni, etc.)
27Mining Data sets and analysis (continued)
- Be the first on your block to spot and document a
trend that supports your brand characteristics. - Add substantive commentary to everything.
28Mining Relationships/strategic partnerships
- Work the schools corporate relationshipseveryone
likes positive media coverage. - The relationships speak about who you are as an
institution. - It provides you exponentially more to talk about
with the media and makes you seem more relevant.
29Mining Opinions
- Have an opinion-editorial program.
- Place them locally, nationally and
internationally. In print and on the web. - Prepare a thoughtful, brand-based commentary
framework and circulate it throughout the
institution. - Try to make a few people famous (theyll never
forgive you for it).
30Mining Promotion of human symbols
- Human stories about students, alumni or
entrepreneurs who have benefited from your unique
intellectual capital. - Focus on how they embody your brand.
- Identify personalities in all areas of the
school who can become media spokespersons. - Train them in the language of the brand.
31Mining Create news
- Dont be afraid to make news.
- Do it strategically in a way that resembles media
advocacy. - Be realistic and apply strict news values (no
press conferences about the new computer
terminals in the resource center, please). - Annual surveys, subject-specific data sets and
special conferences can be highly effective.
32Step 6 Get properly resourced
- One person cant do all of this.
- You need content suppliers.
- Dont be afraid to advertise, recruit, train
and manage. - Consider incentives (a 20 gift certificate can
change the world). - Media relations is not an afterthought, its
perhaps the most powerful brand building tool in
your arsenal.
33Step 7 Use technology to leverage your efforts
- You need information today.
- Ascribe, Dow Jones news services.
- Real time results tracking.
- Enables a larger distribution setand true
brand-based media marketing. - It is the essence of staying in touch with the
mind of the media.
34Step 8 Create a distribution strategy
- Develop a detailed program to distribute every
relevant clip to a target audience. (Do so with
reporters as well, when relevant.) - Tell them what it means in terms of your schools
credibility and brand (then tell them again). - Tell them about your brand and your strategy.
35Step 9 Constantly link back to marketing
- The energy and resources to sustain this approach
must be linked to an institutional marketing
strategy. - Your brand is a symbol of your unique
intellectual capital. Its worth building and
protecting.
36Step 9 Constantly link back to marketing
(continued)
- Redefine media relations at your institution.
- Successful brand-based media relations can be the
catalyst that can turn your institution into a
marketing organization.
37Always be mindful..
- When it comes to media relations, your brand
exists in only one placein the mind of the media
38Thank you for your time
- For more information or copies
- Send an email to
- twesterbeck_at_lipmanhearne.com
39Discussion
40- Building stronger institutions through marketing
and communications