Flevy Management Insights Case Study
Live Events Digital Communications Strategy for Entertainment Sector
     Joseph Robinson    |    Communications Strategy


Fortune 500 companies typically bring on global consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture, or boutique consulting firms specializing in Communications Strategy to thoroughly analyze their unique business challenges and competitive situations. These firms provide strategic recommendations based on consulting frameworks, subject matter expertise, benchmark data, KPIs, best practices, and other tools developed from past client work. We followed this management consulting approach for this case study.

TLDR The organization faced significant challenges in engaging its audience through digital channels, leading to a decline in engagement and brand loyalty. By revamping its Communications Strategy, it achieved a 25% increase in audience engagement and a 15% rise in repeat attendance, underscoring the importance of adapting to digital trends and utilizing data analytics for effective messaging.

Reading time: 7 minutes

Consider this scenario: The organization is a prominent player in the live events industry, specializing in large-scale entertainment productions.

Despite a strong market presence, the organization has encountered significant challenges in engaging its audience effectively through digital channels. With the rise of virtual events and an increasingly digital audience, the organization's traditional communications strategies are proving less effective, leading to a decline in audience engagement and brand loyalty. The leadership seeks to revamp its Communications Strategy to better align with current market trends and consumer expectations.



Based on an initial review of the organization's situation, it seems probable that the root causes of the engagement challenges could be outdated communication platforms, a lack of integrated digital marketing efforts, or inadequate use of data analytics to drive audience insights and personalization.

Strategic Analysis and Execution Methodology

The transformation of the organization's Communications Strategy can be achieved through a proven 5-phase consulting approach. This methodology will not only address the immediate challenges but also lay a foundation for sustained digital engagement.

  1. Assessment and Benchmarking: Evaluate the current Communications Strategy, including digital platforms and audience engagement metrics. Identify industry benchmarks and best practices for digital communications in the live events sector.
  2. Strategic Planning: Develop a comprehensive digital communications plan that integrates social media, content marketing, and data analytics. Define Strategic Objectives and a roadmap for implementation.
  3. Operational Readiness: Assess the organization's internal capabilities to execute the new Communications Strategy. This includes technology infrastructure, team skills, and organizational alignment.
  4. Execution and Change Management: Implement the communications plan, focusing on quick wins to demonstrate value and gain buy-in. Address Change Management to ensure adoption across the organization.
  5. Measurement and Optimization: Establish KPIs and regular review processes to measure success and iterate on the strategy. Use data-driven insights to continuously refine communications tactics.

For effective implementation, take a look at these Communications Strategy best practices:

Structured Thinking 101: Clarity Through Storylines (39-slide PowerPoint deck)
Consulting Storytelling Guide (74-slide PowerPoint deck)
Business Communications Toolkit (240-slide PowerPoint deck)
Fundamentals of Effective Communication (57-slide PowerPoint deck)
Progress Report Primer (31-slide PowerPoint deck)
View additional Communications Strategy best practices

Are you familiar with Flevy? We are you shortcut to immediate value.
Flevy provides business best practices—the same as those produced by top-tier consulting firms and used by Fortune 100 companies. Our best practice business frameworks, financial models, and templates are of the same caliber as those produced by top-tier management consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture. Most were developed by seasoned executives and consultants with 20+ years of experience.

Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab

Communications Strategy Implementation Challenges & Considerations

In implementing this methodology, executives often question how to balance the need for rapid implementation with the risk of disrupting ongoing operations. It's crucial to phase the roll-out and ensure that each stage delivers tangible improvements without overwhelming the organization.

The expected business outcomes include increased audience engagement, improved brand loyalty, and a measurable uplift in digital interaction metrics. The organization should anticipate a 20-30% increase in audience engagement within the first year of implementing the new strategy.

One of the potential implementation challenges is resistance to change within the organization. Clear communication and involving stakeholders early in the process can mitigate this risk.

Communications Strategy KPIs

KPIS are crucial throughout the implementation process. They provide quantifiable checkpoints to validate the alignment of operational activities with our strategic goals, ensuring that execution is not just activity-driven, but results-oriented. Further, these KPIs act as early indicators of progress or deviation, enabling agile decision-making and course correction if needed.


Tell me how you measure me, and I will tell you how I will behave.
     – Eliyahu M. Goldratt

  • Engagement Rate: Essential for gauging content effectiveness and audience interaction.
  • Conversion Rate: Indicates the success of communications in driving desired audience actions.
  • Customer Satisfaction Score (CSAT): Reflects the audience's perception of the brand and its digital presence.

These KPIs offer insights into both the reach and impact of the new Communications Strategy, highlighting areas for ongoing improvement.

For more KPIs, take a look at the Flevy KPI Library, one of the most comprehensive databases of KPIs available. Having a centralized library of KPIs saves you significant time and effort in researching and developing metrics, allowing you to focus more on analysis, implementation of strategies, and other more value-added activities.

Learn more about Flevy KPI Library KPI Management Performance Management Balanced Scorecard

Implementation Insights

During the strategy implementation, one insight was the importance of leveraging user-generated content to foster community and enhance engagement. According to a report by McKinsey, brands that excel at personalization generate 40% more revenue from those activities than average players.

Another key insight was the need for a robust analytics framework. Real-time data analytics allowed the organization to make agile adjustments to their communications, significantly improving the relevance and impact of their messaging.

Communications Strategy Deliverables

  • Digital Communications Strategy Framework (PDF)
  • Audience Engagement Plan (PPT)
  • Content Calendar Template (Excel)
  • Digital Channel Performance Report (PDF)
  • Change Management Guidelines (MS Word)

Explore more Communications Strategy deliverables

Communications Strategy Best Practices

To improve the effectiveness of implementation, we can leverage best practice documents in Communications Strategy. These resources below were developed by management consulting firms and Communications Strategy subject matter experts.

Integration of Traditional and Digital Communications

With the shift towards digital, maintaining a balance between traditional and digital communications is critical. The strategy should not entirely forsake traditional channels, which can still play a vital role, especially in reaching certain demographics and providing a tangible touchpoint for the audience. It's about creating a seamless omnichannel experience that leverages the strengths of both digital and traditional mediums.

According to a BCG study, companies that effectively integrate digital and traditional marketing are 6 times more likely to see increased profitability than those focusing on digital alone. The key is to use data analytics to understand where traditional methods are most effective and integrate these insights into a comprehensive communications strategy.

Adapting to Changing Consumer Behaviors

Consumer behaviors are continually evolving, particularly in the digital space where new platforms and technologies can quickly change the landscape. The Communications Strategy must be agile, with mechanisms in place to monitor trends and adapt accordingly. This agility can be built into the strategy through regular analysis of engagement metrics and feedback loops with the audience.

Accenture reports that 91% of consumers are more likely to shop with brands that provide offers and recommendations that are relevant to them. By staying in tune with consumer behavior, the organization can ensure its communications remain relevant and effective, thereby maintaining audience engagement.

Measuring the ROI of Communications Initiatives

Demonstrating the return on investment (ROI) for communications initiatives can be challenging but is essential for justifying the strategy to stakeholders. The key is to define clear KPIs that are aligned with business objectives and to employ robust analytics tools to track these metrics over time. This approach allows for the quantification of intangible benefits, such as brand perception and customer loyalty, alongside more tangible metrics like engagement rates and conversion.

As per a McKinsey analysis, companies that employ advanced analytics to measure ROI are 1.3 times more likely to report outsized cost efficiency, and 1.2 times more likely to achieve superior growth. Therefore, an analytics-driven approach is not just beneficial but necessary for validating the effectiveness of a Communications Strategy.

Ensuring Data Privacy and Compliance

In the era of data breaches and increasing privacy concerns, ensuring compliance with data protection regulations is a non-negotiable aspect of any digital strategy. It is critical to establish rigorous data governance practices and to communicate clearly with the audience about how their data is used. This transparency builds trust and can enhance brand loyalty.

According to a survey by Forrester, 32% of consumers say they care more about privacy than they did a year ago, and they will favor companies that take their privacy seriously. A commitment to data privacy can thus become a competitive advantage and a cornerstone of the Communications Strategy.

Communications Strategy Case Studies

Here are additional case studies related to Communications Strategy.

Strategic Communication Framework for Metals Industry Leader

Scenario: A multinational corporation in the metals industry is grappling with communication inefficiencies across its global operations.

Read Full Case Study

Communications Strategy Revamp for High-Growth Tech Firm

Scenario: A high-growth technology firm is facing challenges in its internal and external communication methods.

Read Full Case Study

Internal Communication Enhancement in Aerospace

Scenario: The organization is a leading aerospace manufacturer that has struggled to maintain efficient internal communication across its globally dispersed teams.

Read Full Case Study

Integrated Communications Strategy for Semiconductor Manufacturer

Scenario: The organization is a leading semiconductor manufacturer that has recently expanded its product portfolio, resulting in a complex mix of messages and value propositions to different market segments.

Read Full Case Study

Strategic Communications Overhaul for Luxury Brand in European Market

Scenario: A luxury fashion house in Europe faces declining brand perception and market share.

Read Full Case Study

Internal Communication Enhancement in Hospitality

Scenario: The organization is a multinational hospitality company grappling with ineffective internal communication, which has led to decreased employee engagement, slowed decision-making, and a dip in guest satisfaction scores.

Read Full Case Study


Explore additional related case studies

Additional Resources Relevant to Communications Strategy

Here are additional best practices relevant to Communications Strategy from the Flevy Marketplace.

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.

Key Findings and Results

Here is a summary of the key results of this case study:

  • Increased audience engagement by 25% within the first year, surpassing the initial 20-30% target.
  • Improved brand loyalty, evidenced by a 15% rise in repeat attendance at events.
  • Conversion rates from digital campaigns increased by 18%, indicating more effective communications.
  • Customer Satisfaction Score (CSAT) improved by 20%, reflecting a positive reception of the new digital presence.
  • Integration of user-generated content led to a 30% increase in social media interaction.
  • Adoption of real-time data analytics resulted in a 40% enhancement in the relevance of messaging.

The initiative to revamp the Communications Strategy has been markedly successful, achieving and in some areas exceeding the set objectives. The significant increase in audience engagement and conversion rates highlights the effectiveness of the integrated digital approach and the use of data analytics to tailor communications. The improvement in the Customer Satisfaction Score is particularly noteworthy as it reflects a direct positive impact on the audience's perception of the brand. The resistance to change within the organization, identified as a potential challenge, was effectively mitigated through clear communication and stakeholder involvement, demonstrating the importance of change management in the success of such initiatives. However, the results also suggest that further gains could potentially be realized through even greater personalization and by exploring emerging digital platforms to stay ahead of changing consumer behaviors.

Given the success of the current strategy and the ongoing evolution of digital engagement, the recommended next steps include a deeper investment in analytics capabilities to further enhance personalization and audience insight. Additionally, exploring emerging digital platforms and technologies, such as augmented reality (AR) for virtual events, could offer new avenues for engagement. Finally, maintaining a flexible and adaptive strategy will be crucial to respond to the fast-changing digital landscape, ensuring the organization remains at the forefront of audience engagement in the live events industry.


 
Joseph Robinson, New York

Operational Excellence, Management Consulting

The development of this case study was overseen by Joseph Robinson.

To cite this article, please use:

Source: Strategic Communication Framework for Electronics Retailer in Competitive Market, Flevy Management Insights, Joseph Robinson, 2024


Flevy is the world's largest knowledge base of best practices.


Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.




Read Customer Testimonials




Additional Flevy Management Insights

Strategic Communications Plan for Education Technology Firm in North America

Scenario: A leading education technology firm in North America is struggling to align its communications efforts with its rapid growth and evolving market demands.

Read Full Case Study

Strategic Communication Framework for Education Sector in North America

Scenario: The organization, a North American private university, is facing challenges in streamlining its internal and external communication processes.

Read Full Case Study

Strategic Communication Framework for Electronics Retailer in Competitive Market

Scenario: The electronics retailer operates in a highly competitive market and has identified a critical gap in its internal and external communication strategies.

Read Full Case Study

Operational Efficiency Enhancement in Aerospace

Scenario: The organization is a mid-sized aerospace components supplier grappling with escalating production costs amidst a competitive market.

Read Full Case Study

Customer Engagement Strategy for D2C Fitness Apparel Brand

Scenario: A direct-to-consumer (D2C) fitness apparel brand is facing significant Organizational Change as it struggles to maintain customer loyalty in a highly saturated market.

Read Full Case Study

Organizational Alignment Improvement for a Global Tech Firm

Scenario: A multinational technology firm with a recently expanded workforce from key acquisitions is struggling to maintain its operational efficiency.

Read Full Case Study

Organizational Change Initiative in Semiconductor Industry

Scenario: A semiconductor company is facing challenges in adapting to rapid technological shifts and increasing global competition.

Read Full Case Study

Direct-to-Consumer Growth Strategy for Boutique Coffee Brand

Scenario: A boutique coffee brand specializing in direct-to-consumer (D2C) sales faces significant organizational change as it seeks to scale operations nationally.

Read Full Case Study

Balanced Scorecard Implementation for Professional Services Firm

Scenario: A professional services firm specializing in financial advisory has noted misalignment between its strategic objectives and performance management systems.

Read Full Case Study

Porter's Five Forces Analysis for Entertainment Firm in Digital Streaming

Scenario: The entertainment company, specializing in digital streaming, faces competitive pressures in an increasingly saturated market.

Read Full Case Study

Sustainable Fishing Strategy for Aquaculture Enterprises in Asia-Pacific

Scenario: A leading aquaculture enterprise in the Asia-Pacific region is at a crucial juncture, needing to navigate through a comprehensive change management process.

Read Full Case Study

Organizational Change Initiative in Luxury Retail

Scenario: A luxury retail firm is grappling with the challenges of digital transformation and the evolving demands of a global customer base.

Read Full Case Study

Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.