Posts Tagged ‘recession’

Agencies the antidote to the dangers of ‘groupthink’

February 17th, 2011 by Louisa

This recession has been the catalyst for many a new trend. You can’t open a paper without reading about something that has been spawned as a result of the economic downturn (although to be fair, the PR industry is certainly partly responsible for this!)

One trend we’ve noticed at Eulogy! is the movement of public relations from agency to in-house, particularly in the B2B space, and drilling down even further – most noticeably within the marketing services and media sectors. Having spent over a decade agency-side and with no in-house experience to my name, I’m definitely not the person to write a well balanced appraisal of the pros and cons of each – I suspect if I did, agency would win. Yet, with a number of friends opting to move in-house over the last few years, and having worked very closely with in-house comms teams at organisations such as Royal Mail, GyroHSR and JWT I am not blind to the advantages that having dedicated resource affords a business (although would obviously argue voraciously against).

That said over the last few weeks I have noticed a series of articles within both the national and trade media focusing on the phenomenon that is groupthink – such as this one in The Telegraph, which blames groupthink for the financial crisis and this one in Money Marketing, which talks about the dangers of groupthink on policy.

Stepping down a bit from the recession and financial policy it is widely recognised that groupthink can also be a destructive force and a real issue for businesses. At its worst it stifles creativity and independent thinking often stilting development, which can ultimately impact the bottom line of an organisation. Typically, however, it manifests itself by championing a status quo and all too often businesses find themselves getting on with the day to day jobs without looking at the bigger picture and creating regular challenges. This I believe is where outsourcing (irrespective of discipline) can really add its value. Working with teams that know you well, but ultimately sit outside of the business, can help inspire and ignite ideas and forward thinking.  This is precisely why we work with people such as the (marvellous) Amber Group, to challenge our thinking and assist us with our own direction. The fact that consultancies, such as PR, have this ability is what I enjoy most about agency life.

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It’s oh so quiet – or is it?

July 8th, 2009 by Phil

Summer is here, and in years gone by we’d all be breathing a collective sigh of relief.  With the kids off school and holidays abound things tended to go quiet, and we could all afford a few weeks of more agreeable working hours, spending our lunch enjoying picnics in the park, as the UK shut itself down for the annual silly season.

But in recent years this hiatus hasn’t materialised, and apart from the usual tendency for the national press to pick up the more obscure and downright obvious PR puff stories, things seem as busy as ever.  Is this a result of the recession, as we all try to deliver 110% for our clients , or is something else afoot?

Is it a symptom of the change in the way we spend our time away from work, with more of us enjoying weekends away and holidays throughout the year?  Or is it a negative symptom of the recession, with fewer people overall taking holidays abroad, instead snatching a few days off work here and there?

Or perhaps, in PR terms at least, the fragmentation of the media landscape means there are always media and marketing opportunities to be pursued, whatever the time of year. The rise in niche and specialist sites (as print publications close and migrate online) results in the potential to make PR hay while the sun shines, throughout the year.

They say there’s no rest for the wicked, but that’s perhaps a little unfair; is the pursuit of results all year round such a bad thing?

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Talk your way out of this

July 2nd, 2009 by Phil

I’d be as bold as to say that the media was, at the very least, a contributing factor to the recession we’re currently experiencing.  While there are many complex reasons why 2008 saw one of the worst financial situations in history, it was arguably the constant talk of impending doom which caused households up and down the country to tighten their proverbial belts; a trend which went on to make our collective slide into economic meltdown even more rapid and severe. 

The fact remains: bad news sells.

So as we see the first tentative green shoots of economic recovery, the question should be posed, can we talk ourselves out of this mess, just like we were talked into it?

In very simple terms, convincing the public that things are on the up can only stand to increase their overall confidence, and with any luck begin to encourage them to start spending.  Thus, the more people spend, the greater the demand for products and services, and the more profitable businesses and manufacturers will become. 

Sounds like a job for PR if you ask me.

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