It was a great morning yesterday at the NASDAQ OMX Glide event in San Francisco. Chairing such a lively and knowledgeable panel was thought-provoking, fun and educational. A big thanks to all the panelists: Richard Brewer-Hay of Ebay, Rachelle Spero of Brunswick, Ed Terpening of Wells Fargo and Larry Kamer of Kamer Consulting. Thanks too to everyone who came along. It was fantastic to see a packed room and there were some excellent questions and comments from the audience.
Here are my Sixteen Top Tips that came out of the discussion:
- Define a crisis by how much impact it will have on your business
- Manage your social media on a 24/7 basis, not just when there’s a problem
- Many of the basic principles of crisis management have not changed. The one big change is the speed at which issues break and develop
- Informal stories work. Richard authors company blogs and also talks about personal issues at the same time. Drives better coverage in the media.
- In a crisis, don’t make the mistake of putting your most important audience at the bottom of the list. It’s not always the press.
- When managing a crisis there are two things you need to do:
- Manage the information
- Manage the message
- The industry needs regulators to embrace social media and define best practice e.g. SEC
- Communications practitioners must work hand-in-hand with IR, Legal and the other corporate functions
- It is essential to create common ground with the legal team
- Companies need “social media lawyers” i.e. lawyers must be trained and versed in social media best practice
- One of the real benefits of social media in crisis comms is the opportunity for learning that it affords. There are so many case studies out there that we can all learn from.
- Encourage and promote use of social media in your employees. Don’t be afraid of it. E.g. Morgan Stanley is putting 8,000 brokers on Twitter
- Rule of thumb for blog posts – I should be able to read it to my 12 year old daughter (language, appropriateness)
- Never start a conversation you are not willing to have
- Social media is a great way to spot talent in the organization. E.g. if one of your employees is demonstrating a talent for handling customer enquiries effectively, you can spot it and maximize their skills
- When preparing for a crisis:
- Listen first
- Define your objectives
- Dedicate resources. E.g. don’t dive into Facebook unless you have a Facebook community manager
- Build a cross-functional team
- Consider what is in the mindset of your adversaries. You will always have competitors who will be seeking to exploit your misfortune
- Create a step-wise planning model starting at the beginning

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