Archive for September 30, 2015

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Obama Scores in State of Union Address

President Obama’s State of the Union address last night was arguably one of his best outings as a speaker.  He was poised, confident, relaxed, and persuasive.  Even, at times, a bit quarterback-style cocky. A speech is an argument for something.  And, Mr. Obama was clearly arguing for support of a liberal agenda that would frame the next Presidential and Congressional elections.  Had he been as clear and forceful during the recent election campaign, he might be facing fewer Republicans in Congress.  To ... Read more

Is My Reputation Growing? Or Is It My Nose?

By Virgil Scudder   One of the staples of network television news is reporting and commenting on crises—in business, in government, even in the personal lives of well-known people.  A top-flight news organization sees it all and often reports it in great detail. But, covering a crisis and responding to one are two different things.  And, in my experience, news organizations generally don’t handle their own crises all that well.  Neither NBC News nor Fox will get an “A” from crisis pros for their ... Read more

Nervous Time—Addressing Peers

By Virgil Scudder   In the 1990’s a poll cited “speaking before a group” as Americans’ number one fear.  The fact that it outpolled such options as death, illness, snakes, spiders, and taxes surprised some business speakers but hardly all.    No subsequent poll, to my knowledge, has provided a contradictory or superseding conclusion. For many executives, speaking before peers—people that you think may know your subject as well or better than you do—is the scariest of the scary.  Insecurities abound: Will they think I’m ... Read more

Shareholder Value: A Myth?

“Shareholder value is the dumbest idea in the world.”—former GE CEO Jack Welch  By Virgil Scudder   How many times do we hear it said on quarterly shareholder earnings calls or investor days?  The company did this, or that, to “enhance shareholder value.”  Not infrequently the action referred to is a take-over or merger.  But, since more than half of corporate mergers fail, it’s hard to see how shareholders, especially those in for the long haul, will see their value enhanced.  The share price ... Read more

Challenge to IROs: Speak Up. Don’t Let the Boss Fall Victim to Ten Common Earnings Call Mistakes

By Virgil Scudder   It's always hard to tell the boss that he or she isn't doing something right, especially if the boss is a powerful CEO and the IRO is only at the VP tier. But, in my view, IROs at a lot of companies need to be more assertive. It's a mistake to sit quietly by, loyally nodding, as the CEO is making some common mistakes that erode the credibility of both the leader and the company. Earnings calls are a perfect example. ... Read more

Crisis Recovery: Advice from the Experts

by Ann Andrews Morris   Corporate crises seem to happen daily around the world. Some are preventable. Some are avoidable. Some cannot be predicted with even the most careful planning and preparation. Brands can be made or destroyed when an organization faces a crisis. How a crisis is handled and the steps taken to recover are critical in regaining and growing the trust of key stakeholders. I asked leading experts in strategic and crisis communication to give their advice on best practices to follow ... Read more

The Power of Messaging

By Virgil Scudder   We live in the Age of Communication-instant, global, immediately impactful. Indeed, UPS-the world's largest and most successful transportation company-has as one of its cornerstones "the effective movement of information." Delivery of the message is critical to success. But, shaping the message is no less so. And, failures in the message development process often lead in the failure to communicate. The end product of such failure can range from simple misunderstandings or lost business opportunities to wars and international strife. What, then, ... Read more

Managing the CEO Brand

By Virgil Scudder, President, Virgil Scudder & Associates, Inc.    Companies often spend millions of dollars to establish and promote their brands only to ignore one of the most profitable brands in their arsenal-the CEO. Surveys have shown that companies that have a CEO who is well known and well regarded perform better in the stock market. Yet, many companies waste this asset. Why? Very often it's fear and aversion of the media. A recent Canadian survey showed that CEOs regarded the news media as ... Read more

Sound Check: How to Avoid Presentation Dangers

By Virgil Scudder You've been invited to give a presentation at a prestigious professional gathering. So, you spend countless hours preparing -- shaping what you plan to say and developing visuals to illustrate your points. You're on your way to success -- or are you?  Some speakers find that their efforts have less impact than they should because they neglect the details. It all comes back to one important premise: Communication is not what you know or what you say.  It's what the audience ... Read more