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Evaluate Intellectual Property: Consider the uniqueness and potential value of your intellectual property. If it’s a critical asset that needs protection, stealth mode could be a suitable choice.
While EP may be a way of life for us in the industry, it’s just another cost center for the bean counters. And a highly unpredictable one at that.
Increased Pressure on Launch: The buildup of anticipation during the stealth phase can place additional pressure on the startup to deliver exceptional results upon launch.
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Market Readiness: Assess the level of market readiness and the necessity for early feedback. If your startup needs extensive testing and validation, going public might be more beneficial.
In a corporate setup that is not familiar with EP, the EP manager will often have to explain the value and importance of specific EP activities. You should back up recommendations with data and rational arguments. Rather than using military jargon or processes that you may be familiar with, frame recommendations in a way that is familiar to the corporation.
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Partnership between the EP team and the EAA is essential given the many interdependencies between the two. It allows both parties to do their jobs well, and it is a two-way street.
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EP agents who maintain good relationships with their counterparts in corporate travel are happy EP agents. It’s not hard to do if you remember some of the things your mother tried to teach you: be nice, treat people with respect, say please and thank you. Remember to apologize when you have to make them jump through hoops for you.
Travel departments may have to bend corporate procedures to enable EP agents to do their jobs. If the principal is staying at the Four Seasons, then some of the EP team will also have to stay at the Four Seasons, even though the price exceeds normal guidelines.
Corporate EP managers are typically tasked with protecting one or more C-level principals. This does not mean that the principal is the only individual with whom they need to develop working relationships.
If a corporate EP manager and agents are going to have success, then they need to understand that corporate cultures all vary, and that no two corporations are alike.
The EAA also plays another important role in corporate EP. He or she can be your greatest ally in having the principal understand what the EP team does and why it needs to do what it does. It also enables him or her to let others in the organization comprehend how EP agents do their jobs. For example, knowing that the EP team needs to conduct advance work for trips allows the EAA to plan trip itineraries accordingly. Sometimes a little understanding goes a long way in smoothing out the inevitable frictions that arise in a fast-paced corporate environment.
For example, the EP team often functions as an extension of the EAA’s office when the principal is on the road. Let’s say the principal is traveling abroad, and needs a presentation that a team back at HQ is working on up until the last minute before an important meeting in a hotel. The EAA can depend on the EP team to get the file by secure email, get it printed and get it into the principal’s hands within minutes; after all, the EP knows the layout of the hotel and can plan with the business center – all while maintaining security and confidentiality.
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The EAA is the main communication channel between the EP manager and the principal. Not only do they keep you informed of the principal’s comings and goings, they are also the ones who are most likely to get direct feedback from the principal about the EP team and send it on to you. For example, the EAA might know that the principle was unhappy with an agent’s behavior before the EP manager or the agent does. You want to be the next one to know – not the last – so you can respond.
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Early Feedback Control: Founders can carefully choose a select group of trusted advisors, customers, or industry experts to provide valuable feedback.
To some extent, we’re both concerned with prominence. PR professionals are tasked with building and maintaining corporate reputations as well as those of their key principals. Media prominence for the right things is an important goal for, and result of, their work.
If an FTE professional doesn’t get any assistance or understanding from the corporation when it comes to a career path, the professional will have to find his/her own path. Unfortunately for the corporation, this path might lead the EP professional to another job in another company where career advancement opportunities are more clearly defined.
Put simply, it’s all about doing your job and helping other people in the organization to do theirs. A good understanding of the organization helps you to engage the proper cross-organizational resources proactively rather than creating extra work and frustration. A good understanding of the EP effort enables others in the organization to contribute to it. Good communication helps the rest of the corporation understand the “why” of the EP program – keeping the principal safe, happy and productive – and motivates others to help the EP team.
Delayed Brand Awareness: The lack of public presence can result in slower brand recognition and customer acquisition once the startup eventually launches.
Competitive Landscape: Assess the competitive landscape and the risk of exposing your idea prematurely. If the market is crowded or prone to rapid imitation, stealth mode might be more advantageous.
EP managers should maintain good relationships with the corporate travel department. We have to move with the principal, frequently at short notice, and corporate travel are often the people who help us with air travel, short-notice visa applications, hotels and many other practicalities.
For one thing, there are significant differences between industries. Look at how cultures in tech start-ups differ from pharmaceutical or oil and gas companies. There are significant differences within the same industries, too. To thrive, EP professionals must have an excellent understanding of the corporation’s mission, values, beliefs, power structures, stories, and everything else that underpins corporate culture.
The EAA has all the information on the principal’s meeting and travel schedules. This is the bread and butter information that enables the EP team to do advance, operative and team planning and get their job done. As schedules often change – sometimes at the last minute – having an open line to the EAA is essential.
A quick scroll through your LinkedIn feed and I am sure you would come across one or more posts with the term “stealth mode”. So what is this stealth mode? Let’s dive more into this trending term.
Focus on Development: Without the pressure of public scrutiny, stealth mode allows founders and teams to concentrate on refining and improving their product or service without distractions.
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Regular, face-to-face meeting with key stakeholders is important. With some, such as the EAA, these meetings may be weekly. With others, they may be monthly or quarterly. Whatever the frequency, the EP manager needs to address all relevant issues openly.
Consistent, effective communication between the EP team and other parts of the corporate EP ecosystem is what sets successful programs apart from failures.
Documentation of activities and recommendations is crucial to enable others to understand how EP works. Make sure that it goes upward within your chain of command and to other key stakeholders.
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It is the responsibility of the EP manager to communicate openly and clearly to other corporate stakeholders about a number of issues, including:
Proper training and coordination enable frontline EP agents to redirect press away from a principal and toward the appropriate contact. The result enhances security for the principal and gives journalists access to someone who can provide the information they’re looking for.
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Limited Market Validation: By operating in secrecy, startups miss out on the opportunity to test their product or service with a broader audience, potentially leading to missed insights and a misalignment with market needs.
In addition to explaining EP to corporate stakeholders who may not be familiar with its thinking and procedures, good documentation leaves a trail that we can revisit in case something goes wrong, allowing us to learn from mistakes and continually improve on our corporate EP programs.
Never make the EAA say “I don’t know” to the principal. Keep her or him informed of what you’re doing, why you’re doing it, who’s on the team – and who’s got the ball on all the important tasks.
Stealth mode is a strategy adopted by some startups to operate in secret, keeping their products, ideas, and plans under wraps from the public and even potential investors. While it can offer certain advantages, it also comes with its fair share of challenges.
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In some cases, these teams will be under the same management as the EP team. In others, reporting lines will be different. In any case, it is important that corporate EP teams build and maintain close partnerships with all of the following:
EP teams will have direct liaison with a number of other corporate functions and external vendors that also form part of corporate security efforts.
Stealth mode can be a powerful approach for certain startups, offering protection, focus, and a competitive advantage. However, it also comes with trade-offs like limited market validation and investor interest challenges. Startup founders should carefully weigh the benefits and downsides based on their unique circumstances, seeking advice from trusted advisors to make an informed decision that aligns with their startup’s goals.
If, on the other hand, some or more of the EP team are full-time employees (FTEs) of the corporation, then the EP Manager has an important reason to talk to HR: corporate HR departments rarely have any experience with the special career paths of an EP manager or agent, and they need help in recruiting, understanding how to evaluate performance, establish job ladders and career planning, and all of the other things HR operations typically handle for other departments.
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The EP team needs to learn from corporate communications how to handle the press. We never want to be part of the story, but we should be able to help journalists get theirs when possible and in accordance with a coordinated plan developed by the PR and EP teams together.
No matter what an EP manager may have learned in the military or law enforcement, working in a modern corporation is different in so many ways. Let’s examine a few of them:
The EP team needs to consult with the legal department for a number of reasons. Use of force policies and practices must always be cleared with legal in order to mitigate the risk of litigation.
Fixed EP costs are not difficult to budget, but many variable costs are activity-driven. Unplanned trips happen all the time, and unexpected turns of events can easily add costs fast. We want EP teams to act responsibly and keep their budgets, of course, but when the security of the principal is at stake we also want them to think fast and have their priorities in order. Sticking to the budget no matter what might be responsible behavior for a marketing department, but this is not necessarily the case for corporate EP. EP managers need to keep finance informed about expenses as they develop.
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Let’s explore the benefits and the downsides of going stealth, and provide insights to help founders decide whether this approach aligns with their startup’s goals.
EP teams need to understand what corporate communication and PR teams do, and vice versa. They need an open and on-going dialogue because both parties have an interest in many of the same things, albeit often for different reasons.
Confidentiality with Investors: In some cases, startups may choose to disclose their ideas only to select investors under strict Non-Disclosure Agreements (NDAs). This approach ensures greater confidentiality and reduces the risk of idea theft.
The difference between corporate executive protection and EP in other contexts is, well, corporate. When EP takes place in the context of the modern corporation, it must play by a very different set of rules than close protection of political or military VIPs and celebrities. Corporate EP managers need to navigate between many interests – often conflicting. The single most important thing is getting the culture right.
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People of interest must be handled in a coordinated partnership, so that the EP team (with the possible support of intelligence analysts) takes care of personal security, and legal takes care of relations with law enforcement if restraining orders are needed. If such a threat goes public, then corporate communications will also be part of the picture.
Funding Requirements: Analyze your funding needs and the potential impact of operating in stealth on investor interest. Seek feedback from advisors and potential investors to gauge their preferences.
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Investor Interest Challenges: Investors might be hesitant to fund a stealth startup without concrete evidence of market demand or a proven track record, making it more challenging to secure funding.
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Team Comfort: Consider your team’s comfort level with operating in stealth and their ability to maintain confidentiality during this phase.
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Competitive Advantage: Staying hidden can give startups a competitive edge as they develop their unique offerings without revealing their hand to potential rivals.
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If the entire EP is contracted, even if some of the team are embedded within the corporation, then all HR responsibility rests on the EP company, not on the principal’s corporation.
To the contrary, successful EP managers need to know all of the many stakeholders in corporate EP, and establish strong collaborative relationships throughout the ecosystem. Most stakeholder analyses will include the following persons and departments, or their equivalents.
Intellectual Property Protection: By operating in stealth mode, startups can safeguard their innovative ideas and technologies from competitors who may attempt to replicate or capitalize on their concepts.
The executive administrative assistant (EAA) to the principal is your most important stakeholder in the entire organization. They are your gateway to the principal – and they are also gatekeepers that stand between you and the principal.
Talent Recruitment Difficulties: Hiring top talent might be more challenging if the startup’s mission and vision are shrouded in secrecy.
We need to know about corporate communications’ plans and activities that can predictably increase our principal’s prominence. Controversial topics can quickly turn into hot buttons for everyone from activists to anarchists. Rightly or wrongly, the principal immediately becomes the lightning rod for all kinds of people with all kinds of grief, and folks with an axe to grind might end up wielding the axe. EP needs to know what might bump up a principal’s prominence prior to any major announcement so that they can plan accordingly.