Lance Armstrong’s confession, though not in the least bit surprising, was one of the hottest news topics this week. In addition to how this affects him as an athlete and a celebrity, it also opened a can of worms as to how this affects his brand, his image, his reputation and perhaps most importantly, his foundation, Livestrong.
Though it may not seem like an obvious business story, Nick Balletta, CEO of TalkPoint, took a look at the situation from a business perspective and weighed in for a CNBC.com blog post. This is a great example of hijacking current events and pairing them with executive’s passion points. Nick is an athlete as well as a businessman, and he had a very strong point of view on the Lance-debacle, as you can read below. Do you think Lance will “Emerge-strong?”
CNBC.com | Friday, 18 Jan 2013
It wasn’t spousal abuse. It wasn’t animal abuse, it wasn’t murder. It certainly wasn’t child abuse or a subsequent child abuse cover up. Sound familiar? Unfortunately, they all sound familiar and are all too common when it comes to American celebrities, and in particular, professional athletes.
It was a lie, and for that, Lance Armstrong must pay and pay dearly he will. His titles, his awards, his medals and his legacy, are at best damaged, but in reality, mostly gone. Not even the secular confessional of Oprah can bring them back. Lance is done.
That’s Lance the athlete, but what about Lance the humanitarian and philanthropist? The cancer survivor and founder of Livestrong?
If you speak with anyone whose family member was treated for cancer at the University of Pennsylvania or the parent of a child who was treated at Cook’s Medical Center, you will definitely get a different perspective. How about the children whose parents fought cancer and they received counseling from Wonders and Worries or all of the Katrina survivors that received financial aid? How about the thousands of families over the last 15 years that have benefited from the support of Livestrong? They don’t care about the “lie,” they are living the truth.
In business terms, it’s time for “Philanthropist Lance” to go through a restructure. A Chapter 11 restructure is not the end for a company; it is a new beginning. It only works, however, if underlying assets have true value.
Conversely, the media pundits will tell you that “Athlete Lance” is finished. For “Athlete Lance,” they will say it’s not restructure time, but liquidation time; a Chapter 7 in business terms. In Chapter 7, you shut it down, unwind it, sell off the assets, go into the abyss and quietly into the night.
The parents, the survivors, the fighters, the families and the medical professionals don’t care about “Athlete Lance.” They believe in “Philanthropist Lance” and the value of the underlying assets. They are living proof of the good he has done and the value he has brought and can continue to bring. They will help him restructure. The brand may be damaged now, but that does not mean it can’t be salvaged or saved. Remember Chrysler, Macy’s and most of the airlines? Some of the largest brands in the world have been through the restructure process. These companies shed the baggage, recapitalized, kept the good assets and went on to fight another day. It’s time for Lance to regroup with the people that will reinvest and support him so he can emerge from the bankruptcy.
I have completed a few triathlons (although I don’t consider myself a triathlete) and can really appreciate the achievements of “Athlete Lance.” PEDs notwithstanding, anyone who competes in the Tour de France is in many ways superhuman.
More people have been touched by cancer than cycle or complete triathlons. Anyone who battles cancer or supports one who does needs to put out an effort that is herculean. There are exponentially more people who understand that. None of them know what it takes to ride a bike up a mountain, nor do they care. Lance needs to focus his efforts on that constituency and get them to reinvest in his “restructure.”
Apology accepted, Lance. Now let’s get back to the real work.
Nick Balletta is CEO of TalkPoint, an industry leader in global communications technology.
© 2013 CNBC.com
We’re in the throes of election season where topics like job creation and unemployment rates are being thrown around by candidates, pundits and citizens, alike. Did you catch last night’s debate?
While both sides of the aisle have ideas for change, Jim Clifton, the Chairman of Gallup, suggested that what we really need is more entrepreneurship inspiring people to start companies and grow organizations, ultimately leading to more job opportunities.
Well, Forbes’ Alan Hall recently spoke with 100 founders of growing businesses about the “Aha” moments that solidified their decision to move forward with their entrepreneurial initiative -– what inspired them, how they did it and ultimately, how many jobs they created in the process.
Our very own Samantha DiGennaro weighed in, explaining that after 15 years as a corporate communication executive at global companies where corporate politics “starved her soul,” she knew she could build a better alternative. And so, DiGennaro Communications was born.
Read on to be inspired by the experiences of 99 other talented entrepreneurs in “100 Founders Share Their Top “Aha” Moments — Guess How Many Jobs They’ve Created So Far?”
In a month where economic growth, job creation and national business policy are being hotly debated, our Founder, CEO and Fearless Leader, Samantha DiGennaro, attended the Inc. 500|5000 Conference in Phoenix, Arizona to recognize and celebrate the important contribution privately held small businesses provide to the economy – and most importantly to accept an award for DiGennaro Communications making the 2012 Inc. 5000 list for the second consecutive year.
And we’re in good company; fellow advertising and marketing classmates include TargetCast, Zambezi and TRIS3CT, while nationwide we sat alongside admirable brands such as Yelp, apparel company Life Is Good and non-profit organization charity: water.
Inc. magazine’s exclusive ranking of the nation’s fastest-growing private companies is in its sixth year and is comprised of America’s fastest growers spanning all industries, states and revenue brackets.
So how does a business land on this prestigious list? Just having a bumper year does not necessarily secure you a spot — Inc. looks at a set of criteria that includes sustained revenue growth over a three year period and, of course, you must be a U.S.-based, privately owned entity. Solid growth really is that defining factor that sees a business play an essential role in the broader economy.
“We would not be recognized today without the hard work and dedication of our amazing team and wonderful clients,” said Sam DiGennaro, CEO and Founder of DiGennaro Communications. “I look forward to the continued growth of the agency.”
The full Inc. 5000 list, searchable by industry, size and location can be found at www.inc.com/5000.
As astonishing as some of them are, it’s legitimate to ask just how much society and the industry have evolved, especially when you consider that the percentage of women comprising the advertising workforce has remained flat—holding at 55 percent since 1982, the earliest available data from the 4A’s.
Belvedere vodka recently ran an online ad that was suggestive of an attempted rape. A steakhouse in Georgia thought it was funny to post on Facebook the name of one of its sandwiches—the Caribbean black and bleu–in honor of Chris Brown and singer Rihanna. And who could forget last year’s Chapstick ad?
In all three instances, the ads went viral, not because people thought them clever, but because consumers wanted to express anger and disgust at words and images that were demeaning or made light of violence against women.
Even though the companies apologized for the ads, it’s tempting to lament that societal attitudes about these issues haven’t changed much. However, the speed with which consumers can and do shame brands on social media regarding questionable messages gives us reason to hope.
Good advice isn’t always easy to find. But sometimes there are people you work with, at industry associations, in books, or even family that can dish out advice when you need it most and leave a lasting impression in the process. These words of wisdom can often be the driving force behind bigger business philosophies and life lessons that encourage individuals to find new ways to achieve success.
In a recent article from Business Insider, the world’s most recognizable executives shared the best career advice that they’ve received over the years. Eric Schmidt, executive chairman of Google, said the best advice he ever received was to say “yes” to things. Maureen Chiquet, global CEO of Chanel quoted Mickey Drexler, CEO of Gap, who said “you’ve gotta learn to listen.”
No matter what—or who—is your source of inspiration, everyone has that one memorable motto that helps them get out of bed in the morning and attack the work-day. Here are few gems from the DGC team:
- “A handshake says everything about a person – make it firm.”
- “Never hear the first ‘no.’”
- “Just because we work nine-hour days doesn’t mean you have a full nine hours to accomplish everything on your to-do list. Plan for interruptions.”
- “Asking questions does not make you stupid—it makes you inquisitive and thorough.”
- “Hire people who are smarter than you.”
- “Get on the board of a powerful women’s organization.”
- “Make sure that every time you make a mistake you know what you’ve learned and you try your best to apply the learnings next time.”
- “The day you stop learning is the day you should quit.”
Whether you’re fine-tuning your first-impression methods or extending your education, the key to a successful career is growth. Richard Branson, founder and chairman of Virgin Group said it best: “My mother always taught me never to look back in regret but to move on to the next thing.”
What’s the best work advice you live by?
Wednesday was another big day for Facebook. In addition to hosting its first ever Marketing Conference, which viewers could watch via live stream on the Facebook site, Facebook also launched its Timeline pages for brands. New features include an updated layout with a cover photo, the ability to edit content without having to open separate pages, and opportunities to add content that spans the course of the brand’s lifetime to date.
But how will consumers respond to this new brand page format?
Before Facebook launched brand Timeline pages, it launched personal Timeline profiles. Similar to the brand Timeline pages, users can upload cover photos, edit content in one place and add information to past years to create a more robust illustration of the entirety of their lives to date. Some people have jumped at the opportunity to update their profiles, while others have found the format to be confusing, overwhelming and miscommunicated.
“I’m not really using it,” says DGC’s Kendra Peavy. “Every now and then I take a peek, but I think more time needs to pass.”
DGC’s Erin Donahue feels similarly: “I still have no idea what Facebook Timeline really is. I don’t think it was communicated to users properly. Now one person’s page looks different from the next. I like that Facebook is evolving to meet the needs of consumers, but I wish it was easier to comprehend, and I wish there was some sort of guide for how Timeline works.”
Facebook’s mission is “to give people the power to share and make the world more open and connected.” From the beginning, it has achieved this through constant growth, innovation and adaptability. In the grand scheme of things, Timeline is just one of many changes experienced by the Facebook community over the past eight years. So will people get used to these changes as they have in the past? Share your thoughts on Facebook Timeline for brands and people in the comments section below.
Last week, YouTube announced that the website now streams 4 billion online videos every day, and has nearly 60 hours of video uploaded per minute. That’s a lot of streaming and uploading.
After we recovered from the shock of this news, we realized this was the perfect time to look at what makes a good video. What are people watching and why? How do you get 4 billion or even just 400 eyes on your video?
From a PR perspective, it’s not just about being funny, outlandish or controversial; you have to deliver interesting content that your target audience is going to find stimulating enough to pass along. Keeping true to your brand and your mission is going to help you meet the right people on YouTube and other video sites.
With that in mind, here are a few tips for going viral:
- Timing: Do unto others as you want done unto you. While many will urge you not to make a video more than 60-90 seconds (and we generally agree with that), there is value in longer videos–with the right content and the right format. So, instead of a steadfast rule of numbers, ask yourself “Would I watch more than a minute of my video?” If you and four other people can truly answer “yes,” then spread your wings. If you can’t, keep it short and sweet.
- Objectives: Decide on your audience before setting sail. Determine what you want from each video. You may want to illustrate thought leadership when you’re targeting reporters or specific businesses, or maybe you’re trying to target potential new employees. Each of these scenarios is going to require a different format and unique content. Identifying your audience for each video in advance will set you up for success.
- Presentation: There are a few ways to present your video. You wouldn’t go to the beach in a suit and tie, and you wouldn’t walk into the boardroom in a bathing suit. “Down and dirty” might be great for showcasing your office environment. Polished and produced may be a better fit for a video in which you’re providing top tips to existing or potential clients. You have to determine your style in relation to your audience.
- Cross-Pollinate: You can make the most intelligent, creative, engaging video, but that will all go to waste unless you make sure people know about it. YouTube is a great network, but most people watch videos that other people have shared with them. Post your video on YouTube, Twitter, Pinterest, Google+, send out an email or even create a monthly newsletter. Your video will only gain traction if you start spreading it.
YouTube and video continue to grow as mediums of content distribution and it’s important that businesses and companies understand how to reach their audiences–no matter who they are.
For more insight on how to use YouTube for business, check out this Business Insider post and this GigaOm post from 2009. Although it is three years old, this post is still one of the best sources of information on how companies can most effectively use YouTube.