To review - In 1942 with a startup cost of $500.00 Johnson
Publishing Company (JPC) was the brainchild of John H. Johnson. JPC’s current
work products include Ebony/Jet magazines and Fashion Fair Cosmetics. The
combined value of these brands is estimated at well over 700 million dollars.
Almost 75 years later JPC is the largest African-American owned publishing
company in the world.
Fashion Fair Cosmetics - Black is Beautiful
Fashion Fair Cosmetics - Black is Beautiful
The organization has certainly seen its share of crisis
mostly having to do with finances and dwindling print circulation. JPC has always been privately held so the
day-to-day workings are not as transparent as those of its publicly held
peers. A bit of research uncovers that
the current crises that JPC must navigate has several facets, among them are
proper and prompt compensation to its writers and vendors (the
focus of blogging rumors), reinvention to remain relevant to current and future readers,
adopting digital and social media platforms/practices and remaining solvent
through tough economic downturns both internal and external.
Fortunately crises as they relate to JPC may be a lot easier
to survive than those of other companies we have studied. This is simply
because they are not too scandalous in nature, and no harm has been done (death
or physical injury). The only real damage for JPC comes in the form of public/stakeholder
perception. With a good strategy along with prolonged efforts that manage
measurable results these particular crises can be easily overcome.
Beginning with the death of the founder John Johnson in 2005
JPC has undergone drastic change from the top down. Unfortunately, this has
been painful in many obvious aspects but after the of death of Johnson, it was essential to remove the
cobwebs. Rodrigo A. Sierra, Senior Vice President and Chief Marketing Officer, states, "Digital has
not been where it needed to be for the company, I don't think that Johnson
Publishing Co. has done a good enough job with the digital efforts to move the
brand forward and monetize that side of the business". Admitting errors, Crisis Management 101.
The solution to most all JPC “crisis” issues is found in the
following excerpt of the Argenti reading, “the perceived loss of control,
fueled by stakeholder empowerment, may be the biggest psychological impediment
to widespread adopting of strategic digital plans”. (Argenti P. 238)
The recent partnership with JP Morgan
Chase signals a new chapter. Although
the terms have never been disclosed (JPC remains the majority stock holder) the involvement of an outside influence can
only enhance JPC’s perspective and open the doors to new ideas. JPC has only to
embrace the effort.
Jet Magazine - Catering to a Younger Audience
JPC must acknowledge that
African-Americans do not have as desperate a need for empowerment and
acceptance we did in the past (that said, it cannot be overstated that
empowerment efforts must continue unabated), that many more entities are vying
for our attention and money and the new JPC target demographic is tech savvy
and get their news from mediums other than print. “Considerations” aside now is
the time to act.
Make no mistake JPC is by no means
headed toward extinction. The fact is that our class assignment(s) called for
both an objective and critical analysis of our subject and I have attempted to
do just that. I make no apologies to JPC
regarding what was uncovered from that analysis or to those sensitive to the
issues that have been raised. Keep in mind either way; I don’t make this stuff
up. I just comment on it!
Ebony Magazine - Celebrating 65 Years of Publication
Ebony Magazine - Celebrating 65 Years of Publication
If JPC never implemented an aggressive
digital strategy it has easily another 25+ years to still be viable. This
is because at its core the primarily print readership is older and will still
be loyal to the brand. They/We will never forget where we came from. That will
make 100 years, a full century in the business of catering to an
African-American interest. John Johnson always believed in African-Americans as
consumers particularly when it was not fashionable or politically correct. NO OTHER MONEY MAKING ENTITY CAN ATTEST TO
THAT.
This in itself will go down in the
annuals of American business history, must less Black history. What John
Johnson and Johnson Publishing Company have done in modern times to enhance,
expand and advance the cause of those who were stolen from Africa and force
into 200 years of slavery in America can never be fully appreciated by a general
market audience. One who “poo-poos” the idea that JPC does not have a real
digital presence does not have a clear idea of the greater good John Johnson
and his company has done to cleanse and heals sores that others made and allowed
to fester. I conclude that JPC has and will continue to do well!
NOTE: Thanks to everyone who read "Welcome to My World". Your comments were most appreciated and respected. I learned a lot from reading all of your blogs at least once. You have greatly expanded my world. Again many thanks!
NOTE: Thanks to everyone who read "Welcome to My World". Your comments were most appreciated and respected. I learned a lot from reading all of your blogs at least once. You have greatly expanded my world. Again many thanks!
HAPPY HOLIDAYS!
Works Cited:
Argenti, P. (2009) Digital Strategies for Powerful Corporate Communications. New York: McGraw Hill