Visit speed website Wadd's PR and Media blog home
April 29th, 2009 by Wadds

Lessons from The Apprentice, Week 6 and a date for an after series party

What a cracking task. The teams headed to Chiswick Auctions in West London and were tasked with identifying the price of ten items ranging from bric a brac to antiques and collectables. The objective was to determine the price of each item and then sell for as big a profit as possible. Kate moved to Ignite led by Philip. Noorul joined Empire led by Philip.

With encouragement from fellow Apprentice fans I’m thinking of getting the Twitter #apprentice gang and other fans together in a central London venue on 10 June to watch the last show and celebrate Kate’s expected win. Email me if you’d be interested in coming along.

In the meantime here’s what we learnt from week 6.

Business planning
The Apprentice tasks all require good research and planning. It’s like real life really. Neither team excelled in this task because neither had a strategy. Sir Alan told the losing team exactly what the strategy should have been – identify the high value items, set a minimum price or reserve and then focus on selling the items as quickly as possible for as big a profit of possible.

Research
To be fair on the teams I don’t think the teams were given the tools to be able to quickly assess the value of the items. Access to the web would have helped. But perhaps that wasn’t the point and Sir Alan was looking for a back to basics approach. Desk research without the web is tough. It requires a military approach to hitting the phones to call round dealers.

Sales
Neither team had a sales strategy. Beyond the strategy that Sir Alan outlined in the boardroom. Noorul was shown the door because he failed to make sales while Ben survived because he was superb at closing sales.

Delegation
There were errors in management on both teams. Ben split the items between his two teams seven to three. Philip was dismissive of Lorraine’s insight. Again. Good leaders are prepared to get their hands dirty but delegate work equitably and they listen and gather opinion from their team before making decisions.

Reblog this post [with Zemanta]
April 29th, 2009 by Wadds

Book review: PR and the Social Web

Rob Brown’s (@robbrown) book PR and the Social Web is published tomorrow. We got hold of an early copy and have passed it around the office. Nick Bishop, who heads our corporate team, has posted a review on his blog. Here are the highlights.

Rob Brown’s ‘Public relations and the Social Web’ is incredibly well-timed. It’s also incredibly well written. But it is a book for the converted or those willing to be converted and probably not for those uninterested in social media. If I have a criticism, and it’s a very minor grumble, it is that not enough space is devoted to explaining why “the communications upheaval [we are living through] is more significant than the introduction of the printing press.”

For those wanting to make sense of the profound change affecting our industry, I really do recommend you read Rob’s book. Not just a well-argued text on why we need to think differently but also a probably near comprehensive catalogue of what we need to consider when planning a campaign.

PR Week’s digital editor Peter Hay interviewed Rob live this morning on Twitter. You can follow the interview by searching for the tag #PRWInterview.

Reblog this post [with Zemanta]
April 29th, 2009 by Wadds

Pay politicians properly

politiciansThe MP’s expenses debate is a perennial issue. Instead of debating claims for pay-per-view porn, bath plugs or Brown’s proposed attendance allowance let’s hear the case for paying politicians a salary commensurate with their executive role so that ridiculous expenses claims can be eliminated.

Backbench MPs earn £60,000 a year which is less than a communications director or a director in the PR industry according to PR Week’s 2008 salary survey. But, it’s still a damn sight more than the average salary of £25,000 in the UK. Which I guess is why no politician of any party will ever tackle the issue.

You wonder what kind of educated person chooses to be a politician when it pays – financially and in terms of work life balance – to pursue a more conventional career. Should we be surprised that we end up with so many apparently dysfunctional individuals as politicians?

Paying politicians properly rather than a dubious cocktail of salary and expenses might even attract some new talent and raise standards. But, in politics, like most other areas of life, it seems that you get what you pay for.

Reblog this post [with Zemanta]
April 29th, 2009 by Wadds

GoogleTalk widget is broken

Image representing Google Talk as depicted in ...
Image via CrunchBase

The GoogleTalk widget on the right hand of my blog has become a useful feature of my blog. It provides a presence indicator whenever I am logged on to the Internet and allows people to make contact with me via an IM chat window. At least two or three people per week use it as a way of reach me and my daughters use it all the time to make contact whenever I’m away from home. Or they did.

But now it’s broken and either says that I’m offline when I’m not or spews out a 404 error. I’ve switched it off. Brendan Cooper who was good enough to show me how to add the widget to my blog has had experienced exactly the same problem. Neither of us has been able to figure out why the application isn’t working.

It’s another lesson in why you shouldn’t rely on free tools for business applications. Until it’s fixed you can reach me via IM, email or phone me on 020 7842 3200. And if you’ve any idea how to fix the widget please let me know.

Reblog this post [with Zemanta]
April 28th, 2009 by Wadds

Book review: How I Caused the Credit Crunch

The credit crunch has spawned a new genre of book publishing. Titles fall into two camps, either attempting to explain how the financial crisis happened, or equipping readers with information to navigate their way through the resulting turmoil.

How I Caused the Credit Crunch is a fictional story that traces seven years at the forefront of the credit markets and tells the story of how an Oxford graduate finds himself in command of vast sums of other people’s money.

Author Tetsuya Ishikawa turned to writing in May 2008 when he was made redundant from Morgan Stanley. During his career as a specialist credit banker he structured and sold credit products to investors globally.

Ishikawa uses human anecdotes to describe the rise and fall of the market without resorting to technical language. The stories of personal excess are incredible and are exceeded only by the appetite that corporate investors developed for credit products.

It’s a thought provoking page turner that will broaden your knowledge of the financial sector and leave you to draw your own conclusions as to who caused the credit crunch. That Ishikawa played his part there can be no doubt.

Reblog this post [with Zemanta]
April 28th, 2009 by Wadds

Fijian bloggers plug gap left by censored media

Political upheaval in Fiji triggered by the repeal of the constitution has seen foreign journalists sent home and state censors placed in the editorial offices of all publishers.

The country’s media is not allowed to report news that is critical of the ruling regime. Publishers initially responded by publishing blank pages (image via Jachin Sheehy’s Flickr stream) until closure threats resulted in state reporting.

News led blogs such as Coup and a Half, Fijigirl, Fiji Uncensored, Intelligensiya and Tears for Fiji are currently the only way of sharing uncensored news and have taken the place of the media.

Journalists outside of Fiji are left unsure as to how to separate news from rumour and opinion and we’re back to debate about the role of bloggers versus journalists but in the absence of a news vacuum in Fijian bloggers are playing an important role.

Reblog this post [with Zemanta]
April 23rd, 2009 by Wadds

BBC in web IPTV service first

apprentice_iptvThe BBC has started broadcasting live feeds via the internet from its major terrestrial channels (BBC1 and BBC2). The service is currently in beta.

The BBC also quietly unveiled a web IPTV application around a TV programme last night. Viewers of the Apprentice were able to watch the programme via the web, predict which candidate would be fired, and participate in a live discussion.

It’s a shame that the Apprentice chat widget wasn’t a live Twitter feed using the #apprentice hash tag but then a moderated channel hosted by the BBC is probably a lot safer than an open Twitter channel.

The Telegraph came a cropper earlier in the week when Twitter users spotted the opportunity to deface The Telegraph web site via its like #budget Twitter stream.

Reblog this post [with Zemanta]
April 22nd, 2009 by Wadds

Lessons from The Apprentice, Week 4: research key to product design and integrity

Week 4 of the Apprentice (available of iPlayer) saw the teams tasked with designing two natural body products to sell to the public. Again Sir Alan mixed the teams up. Paula leading Empire designed a sea weed based soap and shower gel while Noorul led Ignite which designed a honeycomb based soap and shower gel. Here’s what we learnt.

Research
Again we learn that research and integrity is critical to the success of a product. Neither team gave any consideration to the health benefits or ingredients in the products that they were developing. Clare English in our consumer team has already blogged about this; she recently led the team that won Skinfood so knows her stuff when it comes to marketing beauty products.

Product design
Neither team tested its products until they were about to head out to flog their wares. Ignite would surely have seen significant numbers of product returns and would never have secured repeat business because the honey in its soap melted into a goo as soon as it came into contact with water. Despite this Ignite won the task captilising on Empire’s financial miscalculations.

Team work
Never underestimate the ability of an individual to screw up under pressure. Paula, Yasmina and Ben screwed up in spades by confusing the decimal point when calculating the cost of her ingredients and confused cedar wood with sandal wood. This basic error lost Empire a task that it otherwise would have won. Paula as leader was deemed culpable and was fired. Always double check your numbers. And then check them again.

Business models
Beauty is a high margin business. Products cost pennies to make but with smart gift wrap and good marketing they sell for pounds. Match product integrity with brand and you’ve got a cracking business model.

Management
Managers should lead from the front. Noorul spent his time as team leader five paces behind his team which won despite his poor leadership and inability to sell. Had his team lost then he surely would have been for the chop.

Reblog this post [with Zemanta]
April 22nd, 2009 by Wadds

Lessons from The Apprentice, Week 3: management and team working

I’m late with commentary on Week 3’s Apprentice challenge (available on iPlayer) but I’m posting this for the sake of completeness.

Week 3 was the design task. The teams were mixed up and the challenge was to create an original piece of personal exercise equipment and flog it to retailers. Debra led Ignite which designed a version of a traditional exercise ball. James led Empire which developed a gym-in-a-box. Here’s what we learnt.

Delegation
James delegated the design of Empire’s product to Ben and had no input in the project until a prototype arrived from the product design company. Delegation is fine, but for a team leader to have no involvement in the key activity of the task is poor. Ignite won the task despite fiddling and meddling from team leader Debora. She’s a strong assertive leader who delegates tasks, but not authority or responsibility.

Team motivation
When James was given the opportunity in the boardroom he voiced reservations about the design claiming that he kept quiet during the task as he didn’t want to demotivate the team. There’s never a good time to share bad news and human nature is to focus on the positive, but good communication is key to motivation and a good leader would have been able to rally a team despite misgivings.

Demonstrating value
Majid
was fired because he wasn’t visible enough. In a team task make sure you’ve got a clearly defined role, that you complete what’s expected of you and that you make sure your boss recognises your work. This is applies in almost all aspects of business and is an excellent lesson for anyone in a client service business.

Product design
Maybe it was harsh editing or maybe the teams really did fail to take full advantage of insights provided by retail stores and personal trainers. Both teams arrived at their chosen product routes by luck rather than rational judgment. Research must lie at the core of the design process. Its why Loewy’s product design gurus Seymour Powell have a team dedicated to ethnographic research.

Selling
Lorraine
stepped right outside her comfort zone in a bid to sell and did an okay job once she ditched the script and told a story. Debra would almost certainly have had her in the boardroom had Ignite failed the task. Instead she should have been congratulated for her efforts. Selling is a tough skill to learn if it doesn’t come naturally.

Reblog this post [with Zemanta]
April 21st, 2009 by Wadds

PR: Probably Receding, or Potentially Revitalised?

I can’t make the nmk debate tonight but the debate about the future of the PR industry as it modernises is likely to be highly engaging. There’s a reason for this – some people are leading the way, others are crawling slug-like under stones.

At Speed we’ve been tracking the size of the market and the emergence of digital for more than 18 months. Outside the public groups, commentary on the industry is hard to come by even from the trade associations. Probably because no-one has had the balls to do it and reveal their own weakspots. We should wise-up and be honest though – no-one has got this right yet, because we don’t know exactly what the future holds.

What is certain is that conventional PR is having a battle. Redundancy and agency closure news is almost a weekly occurrence in PR Week. In the last two quarters it has reported on almost a 100 positions that have been made redundant at 23 agencies. An undisclosed (so, probably, high) number of redundancies have been made at three agencies and three agencies have closed.

Today’s news of Next Fifteen’s consolidation of Bite and Inferno is further evidence that the traditional PR market is contracting.

In 2007 the top 150 agencies grew by 22 per cent. The comparative figure for 2008 is due from PR Week any day. The latest number from the IMF predicts that the economy will shrink by 2.8 per cent in 2009.

It’s a tough time for the industry. But it undoubtedly has a strong future which is why I remain resolutely upbeat. Now more than ever companies need guidance to manage the conversations around their brands and modern PR has a lot – much of it tangible – more to offer.

The question is whether the industry has been quick enough to adapt. PR consultancies fall into three distinct camps: consultancies that are embracing and actively creating the digital PR future, consultancies that believe digital is blogger and Twitter relations, and those that have stood still.

The real threat is not the contraction of the industry but the army of new digital agencies that is capitalising on the disruption in the market.

Good luck tonight to Wolfstar’s Stuart Bruce, iCrossing’s Antony Mayfield, Weber Shandwick’s James Warren and Content and Motion’s Roger Warner, as they grapple with the issues.

And perhaps a few slugs.

Reblog this post [with Zemanta]