We were encouraged by the interview in Monday’s (6/15/09) USA Today from Avon’s CEO Andrea Jung. Although the interview primarily addressed the need for CEOs to “reinvent themselves,” the message was clear throughout that communication is critical during these extraordinary times–and being assertive or playing offense is what will get a company back in the game…Amen, Andrea!
For those of you who regularly visit the LT Public Relations blog, you’ve likely read many times that NOW is the most important time for public relations to truly differentiate a company from its competitors who choose to stay on the sidelines.
Andrea Jung is speaking our language. Here are a few excerpts . . .
Q: Hard decisions are being made daily by companies to stay afloat. How do you order layoffs, save every possible dime and maintain morale?
A: Communicate, communicate, communicate frequently and face to face, not in an e-mail. Communicate the purpose of the vision and the reason for tough decisions. Whether it’s a layoff or pay freeze, they must understand the rationale and why it will make the company healthier. It’s more than morale, it’s trust and respect. In 2005, we announced a delayering of our organization, and a third of our managers left. We started fixing the roof when the sun was shining.
Q: Wouldn’t this be the time to take some risks when others are playing it safe?
A: Leaders on the offense, not the defense, will come through this recessionary period. In terms of acquisitions, strategic rationale has to trump all. Obviously, there are some great financial opportunities now. But acquisitions are for medium- or long-term value creation, and you have to have extraordinary strategic rationale.
So, will others heed the advise of Andrea Jung? Let’s hope so.
