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Weathering the Storm – A Market Manager’s Perspective
Recently we have shared how sales managers and programmers have adapted to the new reality of COVID-19. Now we talk with two of our industry’s top market managers on how they are guiding their ship through these turbulent waters.
Recently, Research Director, Inc. got perspectives from three sales managers on how they have adjusted their operations as COVID-19 has impacted every portion of our economy. Today, we publish perspectives from three leaders on the programming side, to hear how they are handling their operations and serving their listeners.
Next week, Nielsen will be releasing the March survey data (survey dates February 27-March 25). While many consider this a 28-day survey, in reality it isn’t; it’s really 28 one-day surveys. Typically this is not a significant issue, but as I will explain shortly, it might be with this survey.
In recent weeks, Research Director, Inc. has written blogs on the importance of marketing during an economic downturn. We have also written about companies that advertised during the 1929 Great Depression and how that led to long-term success.
Now, we have interviewed a selection of professionals who oversee sales teams in order to understand how they are handling the present crisis with both their employees and their advertisers.
I often hear people say, “Boy, has my industry changed.” To that I reply, “Tell me an industry that hasn’t changed.” COVID-19 has taken the changes we might have lamented recently and made them seem mild. We are going through an economic change that none could have foreseen just a few months ago.
So how do you handle the uncertainty that has gripped our industry and our economy? Most importantly, how do you deal with your clients who are paralyzed with fear? In my opinion, the best way is to look 90 years into the past – The Great Depression.
