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STRATEGIC COMMUNICATIONS How Are You Steering Your Ship? By Janet Sudi-Maina R esearch according to the Small Business Association (SBA), states that 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10. The SBA goes on to state that only 25% make it to 15 years or more. I believe that what would make companies that stick to their guns resuscitate from turmoil and come out stronger is a basic understanding of the reason for existence. In other words, they understand their WHY. They seek to answer these key questions: Why are we in existence? Why do we do what we do? Understanding the WHY will piece the jigsaw puzzle of defining WHAT you stand for which then leads you to have the appropriate WHO to hire. The WHY answers the core of a brand’s existence. Companies that have been passed over to generational success for example HP (Hewlett-Packard), have clearly defined their WHY. Despite calamities or catastrophies that may come up, they do not veer off from the big picture. From senior management to junior staff they have been cultured to immediately draw lessons on how to forge ahead better. My heart goes out the colleagues’ family and friends who lost their loved ones in the atrocious act of terrorism along Riverside drive two months ago. Cellulant, an online payment solutions provider in the region is said to be the company that lost the most employees - six members of their management team. Picking up the pieces as a company and moving forward following such a heavy loss of talent can seem difficult, but it is possible. Defining and understanding the reason for your existence from the onset, enables a company draw its values which becomes the company culture. It sets the company apart from the competition. While others in the industry face turbulent times, a definitive well cultured company seems to be soaring even higher. Employees are the primary brand ambassadors for a company, therefore it is paramount for them to understand what the company stands for. Allow them to challenge strategies and contribute to the planning process. Forcing boardroom Defining and understanding the reason for your existence from the onset, enables a company draw its values which becomes the company culture. It sets the company apart from the competition. While others in the industry face turbulent times, a definitive well cultured company seems to be soaring even higher. 74 MAL29/19 ISSUE plans down their throat without their buy-in is likely to cause a high turnover, since your employees do not feel valuable enough to contribute to growth. It is worth noting that these companies that are seemingly built to last, are not without challenges. In Jim and Jerry’s Built to last, companies like Ford, Walt Disney, HP and Sony have faced severe cutbacks. Sony for example repeated product failures during its first five years (1945-1950), and in the 1970’s saw its Beta format lose to VHS in the battle for market dominance in VCRs. Ford posted one of the largest annual losses in American history (3.3billion in three years) in the early 1980’s before it began an impressive turnaround and a long- needed revitalization. These companies which are examples of visionary companies that understand the reason for their existence, have woven themselves into the very fabric of society. Listening to Dr. Wale Akinyemi during the last Nairobi Marketers’ Night Out by Marketing Africa, he notes that ‘everything that has changed the world was once a twisted idea.’ Twisted ideas are what is most needed by brand managers. Creativity, thinking ahead of time, are the traits that will steer ship anchoring it from sinking. Janet is a Communications Consultant and Lead Brand Strategist at LCC Africa, a boutique PR firm that offers 360 degrees Communications Services. You can commune with her via mail on [email protected]. F O E M HO S T N U O C S I D P TO NON S W O N P SHO onvilla.com www.kup Kupon Villa is Kenya’s biggest coupon website! It is a 24-hour advertising platform that informs you of all, yes ALL the latest deals and offers in the market.