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CFO’s Can Benefit from Media Training
By Eric Seidel
Six ways corporate financial officers can benefit from media training:
- Turn media "obstacles" into corporate opportunities
Corporate financial officers often view media encounters as unpleasant chores that must be handled…or avoided. But those "chores" are filled with opportunities for your business. Are you willing to abandon those opportunities to your competitors?
- Eliminate "bad" reporting before it happens
Even reporters with no experience in financial reporting may one day need to write about your business. The easy way out is to place ALL responsibility on the reporter for learning "our business, our company, and our financial issues." The media savvy CFO, VP of finance, controller, or treasurer will recognize that the reporter uneducated in concepts of corporate finance is a golden opportunity to shape a story to the advantage of your organization.
- Convert confusion into to clarity
Why leave it in the hands of a reporter even an experienced financial writer to interpret the messages you want heard by critical audiences? Good media training can provide the corporate financial officer with the skills to identify precisely what you need to say and tailor those messages so that the media will use what you say the way you say it.
- Target audiences precisely
Clients, analysts, institutional and individual investors, regulators, elected officials. These are just a few of the audiences who need to understand your company and your financial issues. And you can bet these people are looking to the news media for information about your company and your competitors. With media training, financial officers will understand how to make use of the news media to reach these critical audiences.
- Establish realistic expectations about the news media
The "expectation gap" between the corporate financial officer and the reporter (even an experienced financial writer) may be a huge chasm. How will they use our news release? Why can’t I ask for questions before an interview? What can I review before publication? What happened to my quotes? Why let your messages not to mention your corporate image fall into that black hole? With good media training, the corporate financial officer will understand the news media, how it works, the language it uses, and how it makes decisions about what is and what is not news.
- Conquer a crisis before it fells the company
The corporate crisis. We fear it. We deny it could ever happen here. And when we do we leave ourselves open to the worst possible situations imaginable. Working with good media trainers provides the corporate financial officer with the skills to face a public crisis confidently…and to pull the organization out of the ditch before the financial damage is overwhelming.
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Eric Seidel is a partner in TMT/The Media Trainers®, LLC, an Atlanta–based firm that provides training in news media interview skills and crisis communication. You can contact The Media Trainers at 770–971–6619.
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