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10 communication experts summarize how leaders should react to Covid-19
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Experts on Covid-19 leadership communication
1.
Taking you to
the next level © CEO Positions AG 2020 11 10 Communication Experts summarize how leaders should react to Covid-19 Susanne Mueller Zantop CEO Positions AG www.ceo-positions.com
2.
Taking you to
the next level © CEO Positions AG 2020 2 CONTENT 1. Groundrules 2. General assessment 3. Communication goals 4. Principles of dialogue 5. What is most relevant? 6. Who talks? 7. When not to speak out? 8. CEO Advice 9. Best Practice: The CEO of UPS 10. Further reading
3.
Taking you to
the next level © CEO Positions AG 2020 3 1. GROUNDRULES “A company should confidently and continuously communicate the safety measures they have put in place and provide information and guidance that helps both clients and staff to stay calm. Panic never really helps.” 1. Communication matters. 2. Words and optics make a big difference. 3. Broadcast continuously. “It makes no sense to overreact. It is important to demystify the situation (to explain what it is about) and to have the predefined process of crisis management in place, in order to bring order to chaos.”
4.
Taking you to
the next level © CEO Positions AG 2020 4 2. GENERAL ASSESSMENT ▪ Between hysteria and ruthlessness, the experts recommend moderation. ▪ They suggest selecting a scientific source and quoting from it whenever an assessment of the situation is required. “There are (mostly state run) functions that are in charge in situations like this. Don't do their job, do yours.” “On the one hand, people need to talk, share fears or concerns, discuss issues that connect them to others […]. On the other hand, discussing the wrong information, or becoming emotional about topics […] can be problematic, at times dangerous.”
5.
Taking you to
the next level © CEO Positions AG 2020 5 3. COMMUNICATION GOALS 1. Provide employees with all information needed to protect themselves, to calm them and to keep the business going. 2. Tell customers and partners about the status of supply chains and agree on less physical interaction. 3. Tell investors and analysts about first, vague estimates if negative business impact is likely. 5 “… internal communication is essential and comes first, both how employees shall behave, which options like e.g. home office they are given, and what the company intends or is already doing in order to protect them and their families […], esp. in international contexts.”
6.
Taking you to
the next level © CEO Positions AG 2020 6 4. PRINCIPLES OF DIALOGUE 1. Be consistent, de-mystify, be empathic, open, transparent, accessible. 2. Show humility, honesty, that you are rolling up your sleeves and ensure the business is running 3. Display strong leadership, CEO is the communicator in chief. “What I have seen and what we practice - open and transparent communication. As this is a topic that calls for strong leadership and guidance, the CEO, Managing director, should speak. Definitely a one-voice-policy. FAQs and a directory what to do regarding universal precautions, travel ...”
7.
Taking you to
the next level © CEO Positions AG 2020 7 5. WHAT IS MOST RELEVANT? 1. Safety of employees 2. Customer assets 3. Infrastructure 4. Supply chains 5. Safe meetings “Our communication informs on the one hand, but also reassures. Facts and tips. Since the head of the task force is speaking here, we show that we are serious – but the rest is/needs to be courant normal.”
8.
Taking you to
the next level © CEO Positions AG 2020 8 6. WHO TALKS? Action, practical advice and controls: Head of the task force or Head of Communications, Head of HR. Publish and update FAQs frequently. Let experts drive the flow of information, i.e. quote the science PROs. General guidance, principles, leadership: CEO, but not too often. CEO talks to employees and shareholders/ analysts, sometimes it is the CFO. Media inquiries: Media team. In general reactive. Accept media inquiries. Communicate proactive if company is singled out to be a risk to others.
9.
Taking you to
the next level © CEO Positions AG 2020 9 7. WHEN NOT TO SPEAK OUT? 1. Externally: Keep quiet if there is no news. Internally: keep talking, silence provokes gossip. 2. When there is no reliable information, do not speak out if possible. “We should neither react hysterically nor recklessly. We should be aware that risks exist and manage them responsibly. I am not sure whether such a message will be heard in the current state of overexcitement in Germany. Sorry to say, but this objectivity becomes a provocation in a hysterical time.”
10.
Taking you to
the next level © CEO Positions AG 2020 10 8. CEO ADVICE ▪ Understand that strong leadership starts right here ▪ Win by winning the trust of people ▪ Don’t underplay the situation (may backfire in the future) ▪ No off-the-cuff remarks on science, no personal judgement ▪ Only accurate and useful information, no prognosis, no platitudes ▪ Optics matter, optics reassure ▪ Emphasize the human side, don’t just talk about financial consequences ▪ Reassure that there is a plan in place, provide evidence that everything is done and that you are the driving force ▪ Tell a story about what you see within your company ▪ Comment on financial consequences if needed, but focus on general effects, show optimism ▪ Promise transparency and tell people that ‘this crisis has an end’, that a rebound comes “The public has a quixotic desire for a state of emergency, but at the same time wants the guarantee that there will be a happy ending.”
11.
Taking you to
the next level © CEO Positions AG 2020 11 9. BEST-PRACTICE: CEO OF UPS (CGTN GLOBAL BUSINESS) “To answer your question …”
12.
Taking you to
the next level © CEO Positions AG 2020 12 10. SUGGESTED READING https://www.imd.org/research-knowledge/articles/7-questions-to-ask-about-your-organizations-readiness- for-the-Wuhan-Coronavirus-crisis/ (By IMD Business School, courtesy Lorange Network) https://www.wsj.com/articles/coronavirus-is-different-almost-no- company-is-safe-11583064000 https://www.arcgis.com/apps/opsdashboard/index.html#/bda 7594740fd40299423467b48e9ecf6 Offcial, live updates and exact statistics, visual graphs
13.
Taking you to
the next level © CEO Positions AG 2020 1313 WHAT IS THE USE CASE FOR STRONG REPUTATION? ADVANTAGES TO UNVERSITIES WITH STRONG REPUTATIONS # 1 Attracting top talent (post grads) # 2 Attracting top international professors # 3 Strong business relationships/funding # 4 Respected in local and global communities # 5 To be efficient at the service of a good future for all #6 To safeguard against risks like abuse of power, data breaches, ivory-tower symptoms, criticism of research (Source, see last page)
14.
Taking you to
the next level © CEO Positions AG 2020 1414 Source: https://www.webershandwick.com/wp-content/uploads/ 2020/01/The-State-of-Corporate-Reputation-in-2020_executive-summary_FINAL.pdf
15.
Taking you to
the next level © CEO Positions AG 2020 1515 Susanne Mueller Zantop CEO Positions AG Brandisstrasse 32, CH-8702 Zollikon +41 43 499 78 23 All rights reserved. No part of this presentation may be reproduced in any form or by any means without permission in writing from CEO Positions AG.
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