Last year
has been a great year for brand India. It's a new India, where corporate
news is more popular than ever before. Corporate leaders are being
widely followed by the press, international acquisitions considered
a matter of national pride and automobile, aviation, telecom, mobile
handsets, malls, multiplexes, real estate top the list of favourites.
Over the last four years, the BT-Cirrus survey has evolved as
a critical benchmark for corporate media performance and PR efforts.
The survey this year marks the beginning of a new era with the
introduction of TV and political analysis (although confined to
economic ministries of the central government). The next BT Cirrus
will include cross-industry image analysis of TV content.
While image building is a long-term process and my belief is
that it is best done in print, the role of television has changed
over the years and cannot be ignored anymore. Remember, TV can
reach even those who cannot or do not read and when it comes to
denting your public image, TV can be more lethal.
This year, for the first time, we have included the entire range
of public sector companies. We have also taken a stand on non-inclusion
of paid articles. We don't intend to pass a judgement on the practice
and we accept that these articles positively impact the corporate
image and are not easily identifiable. However, we strongly believe
that no credit should go to the concerned PR department. We have
also excluded trade publications to avoid any possible skew in
favour of certain industries.
Looking at the survey findings, what strikes us is the huge
gap between the famous and the not-so-famous. We were expecting
this gap to narrow. The visibility for the 100th company is around
10 per cent of that of the leader. #200 is around 5 per cent.
Don't forget that we are talking about the 200 most talked about
companies in India. It speaks a lot and surely for so many companies,
the focus is not on corporate image building. I have talked about
higher fund allocations in the past, but there is no solution
to a lack of corporate intent. It's time the CEOs took note; a
cover page here and a feature there don't really take you places.
In terms of different sectors, IT, telecom and automobile continued
their dream run, while aviation is fast picking up. The banking
sector is performing decently but with the regular rate hikes
and continuous flow of customer complaints of harassment by third-party
musclemen, the industry might not stay popular for long. The mutual
fund industry is not playing to its potential and the private
insurance players are disappointing me. LIC still has 65 per cent
of the market and this is a battle of public perception that can
only be won through PR. They need a big push with allocation,
intent and strategy. Retail and real estate are picking up and
while the retail players are more sophisticated in their approach,
the real estate guys will take some time to master the art.
One area where we would love to see lots of focus is corporate
social responsibility, and if we go by media reports, there is
hardly anything happening. We will be watching this genre closely
and we intend to bring out a special report on CSR. India needs
socially responsible companies.
In the political arena, media has always played a very important
role in shaping public perceptions. Effective media management
is critical to the people in power. A close look at the figures
will tell you that most of the ministries are not projected as
favourably as they would have liked to be. Lots of good work is
happening and some ministries have remained extremely low profile.
The Ministry of Shipping, Road Transport & Highways is one
such. There is need for strategic management of media appearances
at the highest level. Public appearances should only be to connect
with the masses. Each message should be strategically positioned
to reach the target audience, reinforced convincingly to deliver
expected outcomes.
End of the day, it's all about the bottom line. And effective
media management does contribute to it.
Cirrus (www.icirrus.com) is a national corporate image monitor
that pioneered media evaluation in India. Every year, Cirrus analyses
over half a million news pieces in nine different languages on
more than 1,400 corporate entities. It is part of agencyfaqs and
not associated with any PR agency. The BT-Cirrus annual survey
is the only cross-industry report of its kind. Feedback to BT-cirrus@icirrus.com
Esha News Monitoring Services Pvt. Ltd (www.eshanews.com) is
the official television content monitor for all BT-Cirrus surveys.
Esha monitors over 100 news channels in nine Indian languages.
Viewership figures for all news items in this survey have been
provided by aMap (www.audiencemap.com)
|