Identifying corporate prospects is a little like prospecting for alluvial gold. You can’t just expect to walk up any old mountain river and low and behold, ‘there’s gold in them there hills!’ You need knowledge and history of the terrain, as well as the geology. You need to have the right equipment and approach in the right season (when the water is low, and gold is easier to access). And you need three more things – preparedness to work hard, the ability to think on your feet and a dollop of good luck.
When I first started working in corporate partnerships, in 1991 at the NSPCC in London, I was an enthusiastic but green prospector. I was fortunate to be representing a cause and charity that was well renowned and that helped, as many corporate prospects came to us. But boy did I waste time!
When I came to Australia I truly saw the corporate sector as a mountain. One single mountain. And realising that there were...
A business partnership is a little like a marriage – there is usually a common purpose, shared values, collaboration, and mutual benefit. And a whole lotta love. Partnerships (and indeed marriages) often fail when there’s no mutual trust or give & take.
All partnerships work well when each partner brings something of value to the other. Especially a corporate-cause partnership. And yet many non-profits approach a company inviting them to become a ‘partner’ when they don’t have clarity on what they can actually offer to a company, or brand. Warm fuzzies? Great stories for social media? Making a difference? All that’s lovely, but it’s not very tangible and hard to value so it won’t cut it with hard-nosed marketers, strategic CSR managers or bottom-line-focused CEO’s. Especially in the current tough economic environment.
This month our students are finalising their Assets Inventory, a technique I developed some years ago...
You’ve probably heard of the good ol’ SWOT analysis. A business imperative that’s one of the first things you’re often taught in any sort of business/marketing/communication course.
For those unaccustomed, a SWOT is a technique used to help an organisation identify their Strengths, Weaknesses, Opportunities, and Threats, often related to competitors or feasibility planning.
Whilst a useful and insightful tool, the common pitfall with a SWOT is that it gets completed, filed on an organisations’ sharedrive, never to be touched, looked at, or reviewed again. This is often because it can be quite a confronting exercise, and it’s human nature to avoid things which are hard! Students in the BePartnerReady.com® program this year have just completed their SWOT, but our version is a SWOTA, with an all-important A for Action for each category. The A turns an insightful but confronting document into problem-solving plan of action....
As Yogi Berra once said “if you don’t know where you’re going, you’ll end up somewhere else”.
That’s why the BePartnerReady.com® process starts with setting an intention for corporate partnerships.
There’re 3 good reasons to set an intention:
It gets you focused on a clear outcome so you can concentrate all your energy on that, and avoid distractions and so-called ‘opportunities’ that throw you off course. Changemakers can’t waste a drop of precious time. There’s a world of science behind the power of intention setting – in essence it helps you to see into the future, create a plan and stay on track until it’s achieved.
The majority of changemakers do not operate in a vacuum – they’re part of a broader team with BHAG’s to achieve. Having a clear statement of intent (Intention) helps to enrol team members, management and board to support &...
When embarking on a corporate partnerships strategy, it’s critical to know that there are two levels of readiness. Often when non-profits and social enterprises consider commencing a corporate partnerships strategy, their first action is to ask the board for contacts within the business sector. There’s nothing wrong with that, but it’s something that should be done way down the track, and certainly not at the start.
Why? Because there is a conversation to be had prior to engaging your Board in a strategy that could be doomed to fail, damaging your team’s credibility in their eyes and wasting their time and contacts.
What’s the conversation?
The conversation starts with three questions.
1) Are we ORGANISATIONALLY ready to pursue corporate partnerships
2) are we PARTNER ready so that our investment will produce a result and
3) WHY do we want a corporate partner?
If you haven’t asked these questions start now.
After the pandemic, and whilst...
I spent the Christmas holidays indulging in passion – making stuff (calling it ‘art’ is a bit of a stretch). I invaded my husband’s workshop (he’s a proper artist, unlike me) and threw myself into making a sculpture that’s been nudging my subconscious for years saying ‘make me, make me’. Creating helps me to relax & get away from the screen – but most of my projects never see the light of day. I usually abandon them midway, realising that my skills don’t match my vision, and the half-finished projects litter the storeroom.
This time something was different. As I erected my completed giant ‘liquorish all sorts’ sculpture at the front of our driveway (a welcome to ‘all-sorts of people’ – burglars and psychopaths aside) I reflected on why this one was successful.
It really came down to three critical factors:
London, 1980’s: My padded shoulders, permed hair and I, worked with leadership teams and marketing managers within multinational companies (Unilever, J&J, Cadbury’s to name a few). Upon arriving in Australia in 1994, I began working with amazing Australian companies through my company Cavill + Co, advising on their CSR & building partnerships for blue chips including Disney Australia, AMP, Mondelez, Vodafone, SEEK and many more.
I’ve acquired so much knowledge rubbing shoulders with corporates, but a vital learning is that data drives decisions in most corporations and brands. Unlike non-profits (who tend to have an intuitive sense of what the community needs, and let’s face it, often don’t have the budget for large scale research projects), corporates and brands invest heavily in research to understand customer wants & needs, in order to predict – and deliver – services & products to meet them.
To understand corporate...
Late last year we released new research with Di Marzio Research that reveals - despite the turmoil in the economy created by COVID, rising unemployment and lockdowns - consumers are insisting that companies and brands do more to support causes
The research report entitled ‘The Conscious Consumer era arrives. Finally’ shows that almost half of Australians feel let down by corporates who are failing to meet their societal obligations, and 2 in 3 Australians believe that corporates should be doing more to solve societal problems in tough times.
During COVID consumers have reflected on the kind of world they want to live in, and realised that the most powerful weapons they have to create positive social change are their voices (through petitioning and campaigning on social media), and their wallets.
Almost half of Australians say they will switch from their normal brand to another brand if it supports a charity, and in the past year, one-third of Australians have...
You’d be hard pressed to find a more passionate advocate for Corporate Social Responsibility (CSR) than Indeya Passfield, a savvy digital marketer. Working for Fourth Wave Wines - an innovative company which combines modern brands with high-quality contemporary winemaking – Passfield says it’s also a commitment to CSR which motivates her and her colleagues.
“We do our best work when we are passionate about the cause - we are a company that sees the opportunity to be a part of the change. It’s about the future - helping and supporting others in the community. The people that work with us are talented, clever, and business-minded – and we all have a heart,” she says.
This motivation to give back and support causes is a driver for many Australian consumers of all ages according to new research ‘The Conscious Consumer Era arrives. Finally’. The report finds that 3 out of 4 Australian consumers believe corporates should partner...
A much publicised and powerful partnership that got it right on so many levels, is Nestle’s KitKat and the R U OK? campaign. The alignment between a chocolate bar that is synonymous with ‘taking a break’ and a mental health organisation that encourages the question ‘R U OK?’ was a clever and very timely partnership, emerging at just the right time when the pandemic restrictions were causing severe havoc with many people’s mental health.
The campaign encouraged people to “have a chit chat,” with a positive impact. Limited edition KitKat wrappers carried the RU OK? labelling, reminding Aussies to have a break and use the time to ask their friends and family “are you OK?”
Nestlé head of marketing confectionery Joyce Tan said: “As a brand, KitKat is synonymous with taking a break, whether it’s at work or at home, long or short, it’s important to take some time out. How that time is spent...