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The Path to Improved
Corporate Media
Performance
Ljubljana, 09/19/13
Prof. Dr. Clemens Koob
Situation (1)
2
Today, only one in three companies continuously assesses the impact of its
Corporate Media.
33
continuously measuring
the impact of B2C
magazines (%) occasionally
measuring the impact
of B2C magazines (%)42
31
continuously measuring
the impact of digital
media (%)
occasionally
measuring the impact
of digital media (%)30Source: Corporate Media Baseline Study 3, DACH region
Situation (2)
3
51
great need for improvement:
impact measurement of print
media (%)
45
great need for improvement:
impact measurement of digital
Corporate Media (%)
Source: Corporate Media Baseline Study 3, DACH region
More and more communications executives see great need for improvement
in the area of Corporate Media performance measurement.
Qualitative expert study (German-speaking countries, UK)
4
14 BASIC PRINCIPLES
for a best-in-class
Corporate Media
Performance-Management
Principle: Strategy integration
5
Performance
measurement
should be an
integral part of any
Corporate Media
strategy
»»
Principle: Strategy integration
6
Rigorous performance management can best be achieved
if impact measurement is seen as an essential building
block of the Corporate Media strategy right from the start.
!   Precise definition of communication objectives (what, until
when) and criteria for success already during conception stage
!   Clear definition of impact measurement responsibilities within
the Corporate Media team
!   The timing of the impact measurement must be a core part of
the Corporate Media strategy
!   Impact measurement has to be included in the budget plan
right from the beginning
Principle: A- and D-Checks
7
Realize
A-Checks and
D-Checks.
»»
Principle: A- and D-Checks
8
Life-cycle of the medium
Conception: professional
pretests before launch
Launch: extensive
testing after launch
Growth & maturity:
continuous performance tracking over
the course of time
Actualization: extensive
testing at relaunch
measurement intensity
intensity of media usage
1
2
3
4
Principle: Strategic and operational perspective
9
Take a strategic
and an operational
perspective.
»»
Principle: Strategic and operational perspective
10
Do we meet our strategic
communication targets?
How should we arrange our Corporate
Media activities in the long run?
Examples:
>  Continuous tracking of communication
success relating to the customer journey
>  Analysis of the media requirements of the
target group
What can be done immediately to
further optimize our Corporate Media
efforts?
Examples:
>  Continuous A/B-testing of magazine covers
>  Continuous analysis of digital media bounce
rates and dwell times
Principle: Agility and continuity
11
Agility and
continuity as
guiding
principles.
»»
Principle: Agility and continuity
12
test- & learn-environment:
Rapid availability of
results for immediate
optimization and iterative
improvements
Meaningful
comparisons over
time, visibility of long-
term effects / impact
performance
measurement
agility
continuity
&
consistency
Corporate
Medium
Principle: Performance-Management-System
13
Establish a
Performance-
Management-
System.
»»
Principle: Performance-Management-System
14
A best-in-class Corporate Media Performance-
Management-System consists of a six-steps cycle.
Set ambitious goals Define
criteria for
success
Define
KPIs
Measure
success
Evaluate
impact
and
success
Optimize
communi-
cations
Principle: Keep eyes firmly on key parameters of success
15
Keep eyes firmly on
the key parameters of
success regarding
customer
communications.
»»
Principle: Keep eyes firmly on key parameters of success
There are three dimensions of success regarding
customer communications.
The importance of these dimensions varies
from project to project.
16
Dimensions of success:
Medium
Effectiveness
Efficiency
Principle: Keep eyes firmly on key parameters of success
17
1) Success regarding medium itself:
> reach
> usage
> acceptance
> appraisal
> media engagement (e.g. follow-
up communication)
Principle: Keep eyes firmly on key parameters of success
18
2) Success in terms of effectiveness:
> communication success related to
the customer decision journey
> in cognitive, affective, conative
and economic terms
Principle: Keep eyes firmly on key parameters of success
19
> Brand awareness and presence
> Brand image, brand knowledge,
sympathy, brand trust
> Desirability, buying consideration
> Sales support (leads, purchases etc.)
> Customer service function
> Loyalty, retention, word-of-mouth
Principle: Keep eyes firmly on key parameters of success
20
3) Success in terms of efficiency:
> Return on communications
> Communication success in
relation to investment
Principle: Adequate KPIs
21
Define adequate
Key Performance
Indicators (KPIs).
»»
Principle: Adequate KPIs
22
KPIs
>  unique users, average daily users, new users
>  «quality reach» without occasional users
>  time on site per visitor / time per visit
>  page views per visit
>  conversion rates
>  revenue per purchase
>  returning users, heavy users
>  monthly visits per user
Example: McKinsey / OMEX dashboard for online media
Principle: Big Picture
23
Get the
Big Picture!
»»
Principle: Big Picture
24
Understanding details is indispensable when it comes to
continuous fine-tuning of Corporate Media.
However, steering the overall performance of Corporate
Media activities demands focusing on a manageable
number of vital performance indicators.
Performance
Dashboard
Principle: Benchmarking
25
Broaden your
horizon.
»»
Principle: Benchmarking
With the help of internal and external benchmarks it is possible
to better classify communication performance and to challenge
one‘s Corporate Media activities.
26
performance / impact of
Corporate Media activities
internal
benchmarks
§  previous values /
time comparison
§  other media /
cross-comparison
external
benchmarks
§  competitors
§  within own sector
§  cross-sector
Principle: Instruments and methods
27
Choose the best-
of-breed
instruments and
methods.
»»
Principle: Instruments and methods
28
1) Quantitative methods:
> «facts & figures»: assessment of
Corporate Media success on a solid
fact base
> continuous monitoring and steering
> e.g. surveys, standardized web reports,
social media tools, ReaderScan
Principle: Instruments and methods
29
2) Qualitative methods:
> Explorations / explorative analyses
> detailed understanding of media
needs and requirements, media usage,
and media effects
> e.g. focus groups, in-depth interviews,
shadowing, usability tests
Principle: Instruments and methods
30
3) Physiological methods:
> Deep drilling regarding users‘
experiences and behavior
> e.g. eye tracking, pupillometry, skin
conductance measurement
Principle: Instruments and methods
The instruments for proactive
performance management are at hand.
31
!   There is a broad range of measurement methods and tools –
with respect to print media as well as digital media.
!   Methods and instruments need to be chosen in line with the
research question / respective situation.
!   This means there is no cure-all method being appropriate under
all circumstances.
!   A combination of different methods can lead to even more
comprehensive findings and higher validity of results
(triangulation).
Principle: Just Do It!
32
Just Do It!»»
33
Thank you for
your attention!

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[POMP 2013] Clemens Coob - Zakaj je content marketing tako učinkovit

  • 1. The Path to Improved Corporate Media Performance Ljubljana, 09/19/13 Prof. Dr. Clemens Koob
  • 2. Situation (1) 2 Today, only one in three companies continuously assesses the impact of its Corporate Media. 33 continuously measuring the impact of B2C magazines (%) occasionally measuring the impact of B2C magazines (%)42 31 continuously measuring the impact of digital media (%) occasionally measuring the impact of digital media (%)30Source: Corporate Media Baseline Study 3, DACH region
  • 3. Situation (2) 3 51 great need for improvement: impact measurement of print media (%) 45 great need for improvement: impact measurement of digital Corporate Media (%) Source: Corporate Media Baseline Study 3, DACH region More and more communications executives see great need for improvement in the area of Corporate Media performance measurement.
  • 4. Qualitative expert study (German-speaking countries, UK) 4 14 BASIC PRINCIPLES for a best-in-class Corporate Media Performance-Management
  • 5. Principle: Strategy integration 5 Performance measurement should be an integral part of any Corporate Media strategy »»
  • 6. Principle: Strategy integration 6 Rigorous performance management can best be achieved if impact measurement is seen as an essential building block of the Corporate Media strategy right from the start. !   Precise definition of communication objectives (what, until when) and criteria for success already during conception stage !   Clear definition of impact measurement responsibilities within the Corporate Media team !   The timing of the impact measurement must be a core part of the Corporate Media strategy !   Impact measurement has to be included in the budget plan right from the beginning
  • 7. Principle: A- and D-Checks 7 Realize A-Checks and D-Checks. »»
  • 8. Principle: A- and D-Checks 8 Life-cycle of the medium Conception: professional pretests before launch Launch: extensive testing after launch Growth & maturity: continuous performance tracking over the course of time Actualization: extensive testing at relaunch measurement intensity intensity of media usage 1 2 3 4
  • 9. Principle: Strategic and operational perspective 9 Take a strategic and an operational perspective. »»
  • 10. Principle: Strategic and operational perspective 10 Do we meet our strategic communication targets? How should we arrange our Corporate Media activities in the long run? Examples: >  Continuous tracking of communication success relating to the customer journey >  Analysis of the media requirements of the target group What can be done immediately to further optimize our Corporate Media efforts? Examples: >  Continuous A/B-testing of magazine covers >  Continuous analysis of digital media bounce rates and dwell times
  • 11. Principle: Agility and continuity 11 Agility and continuity as guiding principles. »»
  • 12. Principle: Agility and continuity 12 test- & learn-environment: Rapid availability of results for immediate optimization and iterative improvements Meaningful comparisons over time, visibility of long- term effects / impact performance measurement agility continuity & consistency Corporate Medium
  • 14. Principle: Performance-Management-System 14 A best-in-class Corporate Media Performance- Management-System consists of a six-steps cycle. Set ambitious goals Define criteria for success Define KPIs Measure success Evaluate impact and success Optimize communi- cations
  • 15. Principle: Keep eyes firmly on key parameters of success 15 Keep eyes firmly on the key parameters of success regarding customer communications. »»
  • 16. Principle: Keep eyes firmly on key parameters of success There are three dimensions of success regarding customer communications. The importance of these dimensions varies from project to project. 16 Dimensions of success: Medium Effectiveness Efficiency
  • 17. Principle: Keep eyes firmly on key parameters of success 17 1) Success regarding medium itself: > reach > usage > acceptance > appraisal > media engagement (e.g. follow- up communication)
  • 18. Principle: Keep eyes firmly on key parameters of success 18 2) Success in terms of effectiveness: > communication success related to the customer decision journey > in cognitive, affective, conative and economic terms
  • 19. Principle: Keep eyes firmly on key parameters of success 19 > Brand awareness and presence > Brand image, brand knowledge, sympathy, brand trust > Desirability, buying consideration > Sales support (leads, purchases etc.) > Customer service function > Loyalty, retention, word-of-mouth
  • 20. Principle: Keep eyes firmly on key parameters of success 20 3) Success in terms of efficiency: > Return on communications > Communication success in relation to investment
  • 21. Principle: Adequate KPIs 21 Define adequate Key Performance Indicators (KPIs). »»
  • 22. Principle: Adequate KPIs 22 KPIs >  unique users, average daily users, new users >  «quality reach» without occasional users >  time on site per visitor / time per visit >  page views per visit >  conversion rates >  revenue per purchase >  returning users, heavy users >  monthly visits per user Example: McKinsey / OMEX dashboard for online media
  • 23. Principle: Big Picture 23 Get the Big Picture! »»
  • 24. Principle: Big Picture 24 Understanding details is indispensable when it comes to continuous fine-tuning of Corporate Media. However, steering the overall performance of Corporate Media activities demands focusing on a manageable number of vital performance indicators. Performance Dashboard
  • 26. Principle: Benchmarking With the help of internal and external benchmarks it is possible to better classify communication performance and to challenge one‘s Corporate Media activities. 26 performance / impact of Corporate Media activities internal benchmarks §  previous values / time comparison §  other media / cross-comparison external benchmarks §  competitors §  within own sector §  cross-sector
  • 27. Principle: Instruments and methods 27 Choose the best- of-breed instruments and methods. »»
  • 28. Principle: Instruments and methods 28 1) Quantitative methods: > «facts & figures»: assessment of Corporate Media success on a solid fact base > continuous monitoring and steering > e.g. surveys, standardized web reports, social media tools, ReaderScan
  • 29. Principle: Instruments and methods 29 2) Qualitative methods: > Explorations / explorative analyses > detailed understanding of media needs and requirements, media usage, and media effects > e.g. focus groups, in-depth interviews, shadowing, usability tests
  • 30. Principle: Instruments and methods 30 3) Physiological methods: > Deep drilling regarding users‘ experiences and behavior > e.g. eye tracking, pupillometry, skin conductance measurement
  • 31. Principle: Instruments and methods The instruments for proactive performance management are at hand. 31 !   There is a broad range of measurement methods and tools – with respect to print media as well as digital media. !   Methods and instruments need to be chosen in line with the research question / respective situation. !   This means there is no cure-all method being appropriate under all circumstances. !   A combination of different methods can lead to even more comprehensive findings and higher validity of results (triangulation).
  • 32. Principle: Just Do It! 32 Just Do It!»»
  • 33. 33 Thank you for your attention!