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T R A T E G Y S E R I E S Annual Reports OnPaper and Online Being available means being accessible |
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Traditionally, companies have used the annual report to discuss the recent past and to look forward: to assess market trends, product development plans, international expansion, and other vital topics. This information is essential to shareholders, employees, business partners, your customers, the media and others on your mailing list. Making it available online delivers the whole story about your company much earlier, and to a potentially much larger audience. The
tangibility and portability of print is here to stay! A printed report is a handy reference tool, and you can highlight parts or add notes to it. Investment analysts describe how, paging through each yearıs mountain of annuals, they get valuable information about the culture and energy of a company by the way they distinguish themselves in print. Executives and sales people often rely on the annual as an important "leave behind" after get-acquainted meetings or group presentations. And for human resource managers, the annual is a valuable recruiting tool. The SEC already puts our numbers online. Why do we need more? All public companies must file required reports with the SEC, and the data they contain is posted online as soon as they are filed. At websites such as FreeEDGAR.com, anyone in the world can find your companyıs 10-K, for example, and examine the information it presents.What they wonıt get, however, is the larger story about strategy, plans and progress.They also wonıt get the benefit of visual communicationphotographs, diagrams, charts and graphsthat help explain these fundamental aspects of your business. Furthermore, using EDGAR is a non-interactive, one-dimensional way to get information. So one of the biggest opportunities in putting your annual online is to make it interactive and multidimensional.This will help make your company stand out from the crowd, by signalling the forward-looking leadership that people associate with superior corporate performance. So
whoıs the audience for interactive, online annuals? Public companies are attracting more individual investors than ever before, thanks to the web. These traders want fast, online access to information about interesting stocks, and EDGARıs dry facts and figures canıt bring your companyıs story to life for them. Simply offering a PDF download of the annual may not go the distance either, because many people consider such downloads tedious or impractical.They want information now, and you want to respond just as immediately. Recruiters
and job-seekers are heavy web users. An
easily accessible and carefully crafted Itıs equally important, however, to take maximum advantage of the best qualities of each medium. A printed annual gives you the power of large-scale, dramatic images, for example, which can be vital in making memorable statements.The web, meanwhile, enables you to turn images of executives into video clips, graphs into animated slide shows, and customer photographs into multimedia testimonials. Print media tend to guide readers along a linear story path, which can help you explain complex ideas thoroughly. On the other hand, an audio clip can dictate the tone and speed of communication with considerable precision, and the discipline of boiling down your text for web screens might help you find more concise, powerful ways to get your point across. In some cases,you may want to keep certain topics separate, such as the future potential of new products and their actual financial performance in their first year. Print supports this strategy well. If you want people to drill down for explanations and make connections on their own, however, you may want to enrich your electronic annual with multiple hyper-links between topics. We can give you many other examples of how each medium works best, and how to get the most impact from each one. In the end, both your printed annual and your online annual have to produce the same result: better understanding of your company by members of your target audience. In short, it is worth the investment in time and money to produce both print and online versions of your annual report. Itıs best to develop both projects simultaneously, with all members of the team collaborating and contributing to both versions.You reap the benefits of economy of scale. And a consistent design and message will run through both versions to help you build a stronger, more memorable corporate image. How
can Modern Graphics help? |
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