For me the best aspect of social media is the ability to customize the news I receive, including news, links and updates from my Twitter feed as well as my RSS feeds through Bloglines. Rather than relying on the broad and scary headlines in daily newspapers which scream about disappointing holiday sales portending cutbacks among retailers, I am able to zero into my marketplace -- technology -- and get a more accurate depiction of the state of the industry. Techmeme pointed me to a VentureBeat article by Dean Takahashi, which gave a welcome, but guardedly positive preview of the upcoming CES show in Las Vegas:
The show will be smaller than last year, but not dramatically so, according to Gary Shapiro, executive director of the Consumer Electronics Association, which runs the show. There will be an estimated 130,000 attendees, down about 8 percent from 141,000 a year ago. The number of exhibitors will be the same at about 2,700, though the square footage of the show will be down 5 percent from 1.8 million square feet a year ago to 1.7 million square feet this year. The show is being held Tuesday, Jan. 6 to Sunday, Jan. 11 and is not open to the general public. I’ll be one of thousands of journalists attending.
It echoes what we are seeing in our office this week where a skeleton crew is busily at work on current and upcoming launches for our clients. One of our technology companies decided to move up the launch of its major new product version by a month. Despite the fact that many publications have down-sized, we are finding a lot of interest in a good old fashioned tour of NY, Boston and San Francisco. The team believes that a recent recasting of the company's online newsroom and push into more social media approaches to communication have expanded the channels for their messages. Regardless, though, it's a good sign that the tech marketplace is forging ahead and the press is still alive and well even if their numbers are fewer at the moment.
Another client does a fair amount of sports marketing and is leveraging commitments it made prior to the downturn in a cost effective way that is gaining good attention among customers and dealers for its products. They are making the most of the visibility they can gain at competitors' expense.
So there has been some dialing back of programs within our client base -- sometimes just advertising - but they are doing it right in our humble opinion and not shutting down the marketing machine. When I see some of the panicked slashing of budgets and programs and jobs happening within companies that otherwise are healthy and hitting their numbers, it reminds me of the scenes in movies where the hero or heroine is painstakingly flicking off all of the switches to shut down the engine or generator to stop the ship from blowing up. I have often wondered how hard it was going to be to turn the engine back on and get it to full operating capacity after a hard shutdown. I firmly believe that the companies that aren't succumbing to the fears and taking drastic steps will be stronger and more competitive as the economy improves. Certainly in our segment of the marketing mix, PR is most effective when it is continuous and cumulative. It always takes a lot more effort and resource (read: dollars) to restart a program than to keep it going, even at a slightly lower level.

