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This week on Inside PR Terry Fallis , Martin Waxman and Julie Rusciolelli discuss how agencies manage when confronted with an economic downturn and welcome comments from Kalene Morgan, Francis Wooby and Volodymyr Dehtyarov.
Show Notes
00:27 Terry opens the show
02:37 Terry reminds us once again about Talk is Cheap, Centennial College‘s unconference, on November 12, where Inside PR will be recording a show in front of an audience.
04:22 Martin mentions that he will be on a panel that Joe Thornley organized with Trevor Campbell, President of Porter Novelli Canada, talking about what agencies are looking for in terms of social media from younger practitioners.
04:40 Terry introduces a comment from Kalene Morgan, a Public Relations professor at Humber College.
05:54 Terry introduces a second comment from Francis Wooby.
06:19 Francis Wooby leaves a comment about where social media falls in terms of being a tactic or a strategy.
07:11 Terry discusses Francis’ comment.
08:22 Terry introduces a third comment from Volodymyr Dehtyarov of Nords PR Ukraine in Kyiv, Ukraine, which sets up the topic for this weeks show.
09:45 Terry introduces the show topic: How do agencies manage when confronted with an economic downturn?
10:15 Terry mentions a post that Joe Thornley has written about steps Thornley Fallis is taking during these new economic realities.
13:36 Julie discusses how her company, MAVERICK, is handling things during the economic downturn.
17:22 Martin lends his perspective on dealing with the current economic situation.
21:44 Martin talks about clients’ reactions to the economic downturn.
22:26 Julie discusses clients’ reactions to the economic downturn.
23:43 Terry talks about clients’ reactions to the economic downturn.
24:53 Terry continues the discussion on clients’ reactions.
26:31 Julie talks about an agency that had to let go of over ten people in their Toronto office.
29:36 Terry closes the show.
Our theme music is Streetwalker by Cjacks and is courtesy of the Podsafe Music Network; Roger Dey is our announcer.
This week’s episode was produced by Janna Guberman.
What a great show (first time listener). A superb way to get me started in the morning. Very interesting comments regarding the ‘panic’ situation and the dreaded R word. My agency is based in Cambridge, England and we felt a bump in business earlier in the year, when simultaneous annual retainer contracts were up for renewal and clients were running scared. Interestingly, the clients we have been taking on over last couple of months seem better placed to withstand changes in economy and have a stronger belief in what we as an agency can bring to their businesses. Your comments on keeping staff motivated and transparency were interesting also, and I most certainly will not be cancelling the office party! Thanks and look forward to listening next time.