Friday 5 December 2014

CEOs, forget about 360° reputation – the new rules are different


Not too long ago, CEOs were taught to painstakingly build a positive reputation. They were told this required a full-on, long-term, 360-degree approach that covered all stakeholders and provided a consistent image to everyone, that merited trust, and was marked by the CEOs' confidence and constructiveness. But: The world has changed, and the concept of reputation is among the many victims. Here are four pieces of advice CEOs need to cling to in order to survive under the new circumstances.

The right communication can boost a CEO's perception
1. Recognize the new parameters
Predicting a CEO's future behavior seems more important than ever now that even a tiny slip can lead to shitstorms or a full-blown scandal. A thoroughly constructed image can be destroyed on the spot, while the cultivated reputation may well be worthless tomorrow.

More importantly, the reality we perceive is no longer built on long term perception. It is the result of small, often singular encounters with a specific impression or information with tremendous consequences for the way an image is constructed or deconstructed. "Whatever we present as political challenges, the public demands the immediate proof - with a photo, a video or something that provides authenticity", complained a US politician recently. "It is not about studies and figures any more, it is about instant images".

2. Acknowledge that you have a vital communication role, both internally and externally
Many CEOs persist in the thinking that theirs is solely a management job. Heavy as that role may be, they must do more; otherwise they will most likely act along common patterns which lead to top managers’ firings. Internally, the CEO should be aware that the way they communicate, including the tools they use to transmit their message, can greatly influence his or her perception and build up internal trust if done the right way. Externally, the CEO is the company's public face. Being unaware of one's environment or how to communicate with it diminishes the stakeholders and the public’s trust in the manager and seriously hurts his or her perception over time. Today the possibilities for the company to experience perception-problems or full-blown scandals are higher than ever: These are moments when only the highest-ranking person in the firm, and not the designated spokesperson, can ably speak for the company. When that happens, the CEO should be ready.

3. Understand that perception is the business
Gone are the days when communication in order to create a favorable image was just something the CEO had to concentrate on from time to time. In today's VUCA-world it is an integral part of the core business, involving the best communication minds in the firm and installing not a long-term, 360-degree approach but rather quick-(re)action-force-style tactics. This is what the change from reputation to perception is about: The creation of many isolated encounters providing a specific image – which can change very fast – rather than the ongoing penetration of the same message.

4. Know when you need help
Thinking this new paradigm true, it needs new approaches to corporate and personal communications. Otherwise, the striving for reputation can kill promising careers – as we have shown in our study. Not all CEOs are talented communicators or are savvy in the face of persistent journalists. In fact, few CEOs actually relish the harsh spotlight that is fixed on them. CEOs should consider up-to-date communications training to help them master the new challenges of the VUCA-world and develop a personal communication style that creates specific messages and images at the right times.


Image credit: wikimedia.org

No comments:

Post a Comment