Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Wednesday, July 28, 2010

Slammed - In a PR crisis, act NOW!



By Jennifer Wang | Entrepreneur Magazine - August 2010





Q: How do I deal with a PR nightmare?

A: There are times when you can get away with burying your head in the sand, but a business crisis isn't one of them. You need to drop everything and fix it. Now.

"Small-business owners think they can put their heads down and outwork everything," says Ronn Torossian, founder of 5W Public Relations, based in New York. "But you can't outwork crisis. For the people it impacts, it will feel like the end of the world."

Torossian has seen major corporations, small businesses and celebrities through a fair number of troubling times (Lil' Kim's perjury case and financial scandals of a Fortune 100 company). By now, he's got a few standard rules for managing crises of any scale.

First, he says, come up with a message that addresses what went wrong and how you'll handle it. Don't wait to apologize.

Then communicate that message to everyone who's been affected--in person, if possible. A newsletter won't cut it, and letting the media provide updates will make matters worse. And don't pass things on through lawyers or spokespeople. Delegating raises the probability of more disaster. Warns Torossian: "It won't keep your employees from all walking out or vendors from suddenly saying, ‘We want immediate payment because we don't know if you're going to be here next month.'"

Work on your delivery, too, because how you say things in public can be more important than what you actually say. (Wrong: Tiger Woods' 13-minute ramble of an apology. Right: Bill Clinton's direct, sincere four-minute apology.) "Americans are very forgiving, but they need to believe you actually care," Torossian says. So leave the script at home and be prepared for scrutiny, because if you're uncomfortable, it will show. Do everything you can to make yourself and your audience more comfortable--grab water, enunciate, avoid jargon and fancy words and be ready for discussion. "Speak compassionately and honestly, and don't pretend to be on a higher level than your audience," he advises. "It's the best way to put people at ease."

In the end, be resigned to some fallout. Not all will be forgiven, but you can minimize the damage. Fortunately, Torossian says, small-business owners can move faster than big companies, and they should take advantage of that.

Tuesday, July 27, 2010

The Global GE ecomagination Challenge: Win $100,000 for Your Business











The challenge is open to business, technologists, entrepreneurs and start-ups from across the globe. Entries will be evaluated for both a commercial relationship, as well as a $100,000 innovation award.



GE ecomagination Challenge

ecomagination is GE's commitment to invest in a future that creates innovative solutions to environmental challenges and delivers valuable products and services while generating profitable growth for the company - in essence, making "green", green.

One way to participate is through the GE ecomagination Challenge: Powering the Grid, announced on July 13 by GE, leading venture capital firms, as well as Chris Anderson, editor-in-chief of Wired magazine. The challenge is an open call for breakthrough ideas and technologies that will help create a smarter, cleaner, more efficient and economically viable grid, and to accelerate the adoption of smart grid technologies. Collectively, GE and its venture capital partners have committed $200 million to help bring these new ideas to market.

The challenge, which runs through September 30, is open to business, technologists, entrepreneurs, start-ups, students and groups from across the globe. It's open to anyone aged 18 years or older and all legally formed entities. Read all the details here and submit your ideas at http://challenge.ecomagination.com/ideas

There are three categories for submission:

* Challenge 1: Create Power - Renewables
* Challenge 2: Connect Power - Grid Efficiency
* Challenge 3: Use Power - Eco Homes/ Eco Buildings

The challenge is open now at http://www.ecomagination.com/challenge, and you can read the full press release here. Get your family and friends involved - members of the general public will be able to view streaming video of the entrants presenting their ideas and vote for the idea that they believe will have the most impact on the smart grid of the future.

Join the conversation on Twitter too at @ecomagination.

* Use the #ecochallenge hashtag to talk about the challenge specifically
* Use the #ecomagination hashtag to talk about all ecomagination topics

By using these hashtags GE and its partners hope to connect the discussion between your Group and the larger ecomagination community.

The opportunity to change the world is in your hands, so join the challenge, submit your ideas, vote for the most promising teams and help change the way the world uses energy in powerful new ways.