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Smoke Signal, A Public Relations Podcast - A Public Relations Podcast: Smoke Signal Episode 34 - In search of the world's best corporate reputation

A Public Relations Podcast: Smoke Signal Episode 34 - In search of the world's best corporate reputation

04/19/22 • 35 min

Smoke Signal, A Public Relations Podcast

At its core public relations is reputation management. Building, protecting and repairing brand reputations is what we do. Research shows that organisations with better reputations outperform their peers, better attract and retain talent, inspire deeper loyalty and develop louder advocates. A brand’s reputation is built by both what it does and what is says – making communication a fundamental building block of reputation
It is in that context that I picked up with interest the 2022 Global RepTrak 100 which ranks the corporate reputation of the world’s leading companies.
In this episode I am joined by Oliver Freedman who heads up RepTrak in Australia and APAC to discuss all things reputation. In this report, which RepTrak describes as the definitive ranking and analysis of corporate reputation, the reputation research firm searches the globe for the world's best corporate reputation.
At its core a good reputation is an emotional attachment that individuals have towards a company – the level of trust, admiration, respect and good feeling. Oliver talks through the seven drivers of reputation - products and services; innovation; financial performance; employee wellbeing; its citizenship in the community; corporate conduct and governance; and leadership - as well as some emerging themes from across the globe:

  1. ESG is only increasing in importance... the public is only becoming more disappointed. There is a desire – and a sense of expectation - from the community for companies to put the community in front of profits and drive real change.... But while there are a lot of commitments there remains growing disappointment that real change is not happening quicker.
  2. Media and reputation are symbiotic. How news outlets discuss organisations impacts reputation, how corporate reputation is perceived impacts how news outlets discuss those organizations, and so on.
  3. You’re not competing against your competitors for attention, you’re competing with everyone, everywhere, all the time. Gone are the days you compare performance against just your competitors; you’re not just competing with other companies, you are competing with politics, you are competing with COVID. It is about being smarter, using the right channels to reach the right audiences with the right content.

So which brand has the best reputation in the world?
Surprisingly it is not the new and cool tech companies that may come first to mind. Rather the list features companies that have been around for many decades, but despite the world changing dramatically, have stayed true to who they. Many are also luxury brands - Rolex, Mercedes, Ferrari, Harley-Davidson – they are classic, but the innovate and they are aspirational.
Take a listen to hear the who else makes the list and why.

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At its core public relations is reputation management. Building, protecting and repairing brand reputations is what we do. Research shows that organisations with better reputations outperform their peers, better attract and retain talent, inspire deeper loyalty and develop louder advocates. A brand’s reputation is built by both what it does and what is says – making communication a fundamental building block of reputation
It is in that context that I picked up with interest the 2022 Global RepTrak 100 which ranks the corporate reputation of the world’s leading companies.
In this episode I am joined by Oliver Freedman who heads up RepTrak in Australia and APAC to discuss all things reputation. In this report, which RepTrak describes as the definitive ranking and analysis of corporate reputation, the reputation research firm searches the globe for the world's best corporate reputation.
At its core a good reputation is an emotional attachment that individuals have towards a company – the level of trust, admiration, respect and good feeling. Oliver talks through the seven drivers of reputation - products and services; innovation; financial performance; employee wellbeing; its citizenship in the community; corporate conduct and governance; and leadership - as well as some emerging themes from across the globe:

  1. ESG is only increasing in importance... the public is only becoming more disappointed. There is a desire – and a sense of expectation - from the community for companies to put the community in front of profits and drive real change.... But while there are a lot of commitments there remains growing disappointment that real change is not happening quicker.
  2. Media and reputation are symbiotic. How news outlets discuss organisations impacts reputation, how corporate reputation is perceived impacts how news outlets discuss those organizations, and so on.
  3. You’re not competing against your competitors for attention, you’re competing with everyone, everywhere, all the time. Gone are the days you compare performance against just your competitors; you’re not just competing with other companies, you are competing with politics, you are competing with COVID. It is about being smarter, using the right channels to reach the right audiences with the right content.

So which brand has the best reputation in the world?
Surprisingly it is not the new and cool tech companies that may come first to mind. Rather the list features companies that have been around for many decades, but despite the world changing dramatically, have stayed true to who they. Many are also luxury brands - Rolex, Mercedes, Ferrari, Harley-Davidson – they are classic, but the innovate and they are aspirational.
Take a listen to hear the who else makes the list and why.

Previous Episode

undefined - A Public Relations Podcast: Smoke Signal Episode 33: Communicating the COVID-19 vax rollout: one year on

A Public Relations Podcast: Smoke Signal Episode 33: Communicating the COVID-19 vax rollout: one year on

It has been the communication story that has dominated the past 12 months – getting Australians vaccinated.
Last month, we marked one year since the COVID-19 vaccination roll out started in Australia. While our vaccination rates are now among the highest in the world, a successful roll out was not always so certain.
One person who has been deeply engaged with this communication challenge is Darren Behar who is Managing Partner at one of Australia’s largest independent consultancies – SenateSHJ.
In this episode of Smoke Signal, Darren takes us back to that time 12 months ago when we’d emerged from the depths of 2020 hoping that 2021 was going to be the year we returned to normalcy. It didn’t pan out that way. Mixed messaging from Federal and State Government, competing narratives, and a rise in misinformation and disinformation saw the push to vaccinate start out, for lack of better words, in chaos.
Darren explains that in the early days there was no playbook for facing such a big challenge. It was being made up on the run – and that was a challenge for everyone, not just communicators.
While there was much confusion and complexity, it is at such a time that you need to go back to first principles: what is going to motivate individuals and communities and drive action?
“Peers, friends, family and trusted organisations in our lives are more likely to motivate us to change our behaviour,” Darren says. “Grassroots communication was key to help those at the front line communicate with their communities and stakeholders directly.”
While much of the attention was on the Government communication – no one will quickly forget the daily press briefings to announce case numbers – this was becoming increasingly challenging. Senate SHJ research found trust in Government deteriorated rapidly during the pandemic. While almost 60% said Government was effective at keeping them informed in 2020, 12 months later, just a third said Federal Government communication was influential in their behaviour – this at a time when they were trying to maintain COVID-safe behaviour and also get people vaccinated.
This made creating a social movement at the grassroots vital in overcoming this distrust and the increasing amounts of misinformation. Darren explains this was achieved by bringing together five elements: Common Cause; Catalyst; Connection, Coordination and Conversation.
There was also a need for more than one story and Darren sees three narratives that came together to help drive up vaccination rates:

  • Duty: as a citizen this is the right thing to do for all Australians.
  • Consequences: help open our borders quicker so we can travel and see family and friends; help open up the economy and get back to your local coffee shop.
  • Responsibility: keep your family and community safe.

In terms of the lessons to add to the playbook for the future. Darren has three for leaders (Government and business):

  • We need to be transparent and a more authentic in our communication: do what we say we are going to do.
  • We have to be prepared to acknowledge faults: fess up when you mess up. It is ok to be vulnerable.
  • Stories and narratives matter: It took a while to get them right but when it worked it drove tangible change.

Next Episode

undefined - A Public Relations Podcast: Smoke Signal Episode 35 - PR, CommTech and the future of the PRIA

A Public Relations Podcast: Smoke Signal Episode 35 - PR, CommTech and the future of the PRIA

Shane Allison and I always enjoy a robust discussion and in this episode we dive into two areas that we are both passionate about – the role of professional industry associations and the uptake of CommTech across the PR sector.
It is just over 100 days since Shane took on the role of President of the Public Relations Institute of Australia (PRIA) and he has certainly hit the ground running: rolling out a 2022 Member Program; unveiling a number of working groups to address key issues impacting the industry right now - such as the skills shortage and diversity and inclusion; and advocating for a name change to better reflect the changing nature of the profession.
While we disagree on the need for such a change, Shane is committed to setting solid foundations, ensuring members get tangible value from the PRIA, and driving long term growth.
“I am a huge believer in the role of the PRIA to champion for our industry, to support our profession and to recognise the great work we do.” - Shane Allison.

Equally passionate about CommTech, Shane this week will present at Mumbrella CommsCon in a session titled: Challenges, Pitfalls and Opportunities of Building your CommTech Stack.
In this discussion, Shane gives us an insight into some of those challenges and opportunities; calling out the industry for being “scared” of automation when in fact we should be embracing it as a way to both help us achieve better outcomes and freeing up valuable time and resources.
While you are here, take a read of the Commtech User Guide that Shane developed to help PR professionals on their CommTech journey.

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