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Measurement in PR: the Hotwire Measurement Framework
 

Measurement in PR: the Hotwire Measurement Framework

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    Measurement in PR: the Hotwire Measurement Framework Measurement in PR: the Hotwire Measurement Framework Presentation Transcript

    • The future of measurement in PRHotwire Measurement Framework2 October 2012
    • Introduction Talk to any PR practitioner in virtually any sector, whether client or agency, and they will tell you that the lack of a universally accepted measurement methodology is a factor that holds back the credibility of PR as a professional service. Things are changing.October 2, 2012 Hotwire Measurement Framework 2
    • The birth of Valid Metrics • AMEC is an international trade body for agencies and practitioners who provide evaluation of the media and communication research. The body has 120 members across 41 countries globally. Members of AMEC are bound by a Code of Practice that ensures the highest standards of professionalism within the industry; • In 2010, AMEC held a summit in Barcelona that set the precedent to go beyond Advertising Value Equivalency (AVE) as a valid form of PR measurement. The founding ideas of the summit have gone on to be known as the Barcelona Principles; • It is this, along with our own experience on the subject that forms the basis for the Hotwire Measurement Framework.October 2, 2012 Hotwire Measurement Framework 3
    • The Barcelona Principles 1. Importance of goal setting and measurement; 2. Measuring the effect on outcomes is preferred to measuring outputs; 3. The effect on business results can and should be measured where possible; 4. Media measurement requires quantity and quality; 5. AVEs are not the value of public relations; 6. Social media can and should be measured; 7. Transparency and replicability are paramount to sound measurement.October 2, 2012 Hotwire Measurement Framework 4
    • Where we are coming from Since Hotwire’s inception, we have always strived to place measurement at the heart of the Hotwire proposition. Our previous approach involved the triple-tiered system below. What How How has PR helped achieve Reputation analysis & business objectives? stakeholder research Business outcome We will ensure that the strategic through 3rd parties PR objectives are aligned to business goals How successful is the 3rd party media & programme outcome? Programme outcome We measure using a variety of message audits (strategic objectives) media analysis and measurement tools Tactical activities covering Ongoing internal measurement via Programme output both media and analyst Hotwire WIP relations reflect business (deliverables) objectives.October 2, 2012 Hotwire Measurement Framework 5
    • Evolving our approach • We have realised that the art of setting meaningful metrics needs to be elevated to being a key driver in developing strategy. In the past, metrics have been talked about as a consequence of the tactics employed in a campaign. • The subtle shift now is to embrace the measurement approach before strategy is finalised. Today we take an almost forensic approach to setting measurement based on a complete examination of a client’s business requirements, target audiences, core positioning and ultimate desired messaging. • Only by fundamentally understanding and testing what our clients are looking to achieve can we set appropriate objectives for the resulting campaign. It is here that the metrics by which the campaign will be measured should be set out.October 2, 2012 Hotwire Measurement Framework 6
    • The evolution of our approachBefore The brief Strategy Tactics Account management Provided by Linked to the brief The toolbox Outputs the client The red thread Creative ideas Outcomes The narrativeAfter The brief Objectives Strategy Tactics Account managementUnderstand the Link to business How we will The toolbox Outputsbusiness outcome achieve the desired Creative ideas Review and reportIdentify the Create clear outcome Flawless execution on measurementrequirement objectives How we will deliverProfile the target Define metrics the agreed metricsaudience Inform the strategyOctober 2, 2012 Hotwire Measurement Framework 7
    • Hotwire Measurement Framework (1) • We have adopted the AMEC Valid Metrics Framework as the basis of our new measurement approach. By doing this, we are at the vanguard of measurement thinking in the industry, blazing a trail for all PR professionals that have been faced with the ROI question; • Our enthusiasm in embracing this approach is driven by the potential of clearly aligning the work we do directly to specific business outcomes that we identify with the client during the briefing stage of our consulting approach; • The successful use of the framework is still dependent on the skills and understanding of the account team who must make recommendations based on judgement and experience. It is here that the Hotwire difference will be most keenly felt.October 2, 2012 Hotwire Measurement Framework 8
    • Hotwire Measurement Framework (2) Reputation and brand SUPPORT / awareness activities AWARENESS KNOWLEDGE CONSIDERATION ACTION PREFERENCE PR ACTIVITY INFLUENCER EFFECT Direct link to the goal and specific objectives agreed at the outset of TARGET AUDIENCE the campaign in EFFECT questionOctober 2, 2012 Hotwire Measurement Framework 9
    • What is it based on? 1. PR activity These metrics reflect the process of actually doing the work and should link directly on a monthly basis to the work done; 2. Influencer effect PR activity should have a direct effect on the chosen influencers for a client. Metrics at this stage should measure the accurate and effective dissemination of the key messages for the campaign; 3. Target audience effect Metrics relating to target audience effect must link directly to desired audience behaviour that in turn will link into the business and communications goals of the client, which will have been defined and agreed at the outset of the campaign.October 2, 2012 Hotwire Measurement Framework 10
    • An example Reputation and brand SUPPORT / awareness activities AWARENESS KNOWLEDGE CONSIDERATION ACTION PREFERENCE • Content creation • Traditional media engagement • Social media engagement PR ACTIVITY • Influencer engagement • Audience reach • Key message • Key message • Media or industry • Impressions / alignment alignment analyst target audience • Accuracy of facts • Frequency of endorsement • Number of mentions • Industry rankings articles • Expressed opinion • Social network likes • Video views of consideration and fans INFLUENCER EFFECT • Frequency • Social network • Expressed opinions • Prominence followers of preference • Share of voice • Retweets / shares / link backs • Unaided and • Knowledge of • Relevance of • Attitude change • Sales aided awareness company / product company (to • Uplift in reputation • Market share measured by attributes and stakeholder) drivers e.g. trust • Share price audit or 3rd party features • Visitors to website • Admiration • Talent retention and survey • Brand association • Click- through to • Endorsement attraction and differentiation site • Belief in corporate • Customer loyalty • Time spent on site brand • Legislation or • Downloads from • Links to site regulation passed or TARGET AUDIENCE site • Enhanced blocked EFFECT • Calls relationships with • Event / meeting key stakeholders attendanceOctober 2, 2012 Hotwire Measurement Framework 11
    • What about AVE? • The PR industry has an image of what measurement looks like, and a lot of the time, that is AVE. The work that AMEC has done and we are introducing looks to supersede the archaic nature of this approach, but it is a gradual process; • AMEC itself has gone public and has stated that AVE is not a measure of PR. This proclamation was widely reported and has since been endorsed by both the PRCA and the IPR in a bid to try and shift legacy beliefs from the client world; • Hotwire does not subscribe to the AVE model and is working with the industry around the world to promote use and understanding of a business outcome model of measurement: the Hotwire Measurement Framework.October 2, 2012 Hotwire Measurement Framework 12
    • In other wordsI congratulate Hotwire forsaying “measurement isnot an option, but astrategic discipline at theheart of what we do”Barry Leggetter, executive director, AMEC October 2, 2012 Hotwire Measurement Framework 13
    • What next? 1. We have created a digital white paper on the future of PR measurament and the Hotwire Measurement Framework. Download it here: http://bit.ly/Pqw2NN 2. Join the debate online #hwmeasurement 3. Connect with us: Twitter, Facebook, Pinterest, Flickr, Google+, LinkedIn, YouTube, or RSS.October 2, 2012 Hotwire Measurement Framework 14
    • About Hotwire Hotwire is a global PR and communications agency dedicated to helping forward-looking organisations to manage reputations in a rapidly evolving influencer landscape. We are structured around specialist industry practice areas that deliver integrated campaigns across consumer, digital, corporate, government relations and business to business communications. In addition to Hotwire, our group includes sister agencies 33 Digital and CPR. Together we work with brands on national and global campaigns through our wholly owned offices in the UK, US, France, Germany, Spain, Italy, Australia, New Zealand and those of our global affiliate network. www.hotwirepr.comOctober 2, 2012 Hotwire Measurement Framework 15
    • Thank you.Andy Westgroup chief development officer33/41 Dallington StreetLondon EC1V 0BBT: +44 (0)20 7608 8352E: andy.west@hotwirepr.comwww.hotwirepr.com