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Name: Supriya Murmu
Roll No.: 33300923052
Registration No.: 233330710052 Stream: MBA Semester: 3rd Semester Paper Name: Integrated Marketing Communication Paper Code: MM 302 Collage Name: IMS Business School Topic Name: Public Relation Public Relations Public relations (PR) is the set of techniques and strategies related to managing how information about an individual or company is disseminated to the public, and especially the media. Its primary goals are to disseminate important company news or events, maintain a brand image, and put a positive spin on negative events to minimize their fallout. PR may occur in the form of a company press release, news conference, interviews with journalists, social media posting, or other venues. Every individual or entity operating in the public eye faces the spread of information about them or their practices to the public. While public relations is an industry unto itself, any attempt to portray oneself in a certain way to others can be considered a form of public relations.
Objective Of Public Relation
Building Product Awareness. When introducing a new product or relaunching an existing product, marketers can use a PR element that generates consumer attention and awareness through media placements and special events. Creating Interest. Whether a PR placement is a short product article or is included with other products in “round up” article, stories in the media can help entice a targeted audience to try the product. For example, around the holiday season, a special holiday food may be promoted with PR through promotional releases sent to the food media or through special events that sample the product. Providing Information. PR can be used to provide customers with more in-depth information about products and services. Through articles, collateral materials, newsletters, and websites, PR delivers information to customers that can help them gain an understanding of the product. Stimulating Demand. A positive article in a newspaper, on a TV news show or mentioned on the Internet, often results in a discernible increase in product sales. Reinforcing the Brand. In many companies, the public relations function is also involved with brand reinforcement by maintaining positive relationships with key audiences, and thereby aiding in building a strong image. Today it is ever more important for companies and brands to build a good image. A strong image helps the company build its business and it can help the company in times of crises as well. Types of Public Relations Public relations is often divided into different agencies or departments. Each department is specifically suited to handle a specific aspect below: Media relations is the emphasis of forging a strong relationship with public media organizations. A media relations team often works directly with external media by directly delivering them company news, providing validated-content sources, and being accessible for public comment on other news stories. Production relations is closely related to the direct operations of a company. This department supports broad marketing plans and is often related to specific, one-time endeavors such as the launch of a new product, a special campaign, or management of a major product change. Investor relations is the oversight of the relationship between the company and its investors. This aspect of public relations handles investor events, oversees communication of the release of financial reports, and handles investor complaints. Internal relations is the public relations branch between a company and its employees. Internal relations pertain to counseling employees, ensuring all workers are satisfied with their working conditions, and mediating issues internally to avoid public disclosure of dissatisfaction. Government relations is the connection between a company and related governing bodies. Some public relations departments want to forge a strong relationship to provide feedback to politicians, sway decision makers to act in specific ways, and ensure fair treatment of the company’s clients. Community relations is public relations focused on brand and reputation within a specific community. The community could be physical (i.e., a specific city) or nonphysical (i.e., the dog-owner community). This branch of public relations keys in on the social niche of the community to align itself with its members. Customer relations is the bridge that connects the company and its customers. Public relations often involves handling key relationships, conducting market research, understanding the priorities of its customers, and addressing major concerns. Public Relations Tools and Techniques To build a relationship with the target audience and maintain it on a high level, PR specialists use a variety of tools and techniques. Some of the most common ones include: Attendance at public events. To attract public attention and keep it engaged with a particular organization or an individual, PR specialists take advantage of every public event and the opportunity to speak publicly. This enables them to directly reach the public attending the event and indirectly, a much larger audience. Press releases. Information that is communicated as a part of regular TV or radio programmes, newspapers, magazines, and other types of mainstream media achieves a much bigger impact than advertisements. This is due to the fact that most people consider such information more trustworthy and meaningful than paid ads. Press release is therefore one of the oldest and most effective PR tools. Newsletters. Sending newsletters – relevant information about the organization or/and its products/services - directly to the target audience is also a common method to create and maintain a strong relationship with the public. Newsletters offering promotional products are also a common marketing strategy but PR specialists use it to share news and general information that may be of interest to the target audience rather than merely promoting products/services. Blogging. To reach the online audience, PR specialists use the digital forms of press releases and newsletters but they also use a variety of other tools such as blogging and recently, microblogging. It allows them to create and maintain a relationship with the target audience as well as establish a two-way communication. Social media marketing. Like its name suggests, it is used primarily by the marketing industry. Social media networks, however, are also utilised by a growing number of PR specialists to establish a direct communication with the public, consumers, investors and other target groups. Advantages of Public Relations Exposure. A well-structured PR campaign can result in the target market being exposed to more detailed information than they receive with other forms of promotion. That is, media sources often provide more space and time for explanation of a product. Distribution. Depending on the media outlet, a story mentioning a company may be picked up by a large number of additional media, thus, spreading a single story to many locations. Cost Effective. In many cases public relations objectives can be achieved at very low cost when compared to other promotional efforts. This is not to suggest public relations is not costly, it may be, especially when a marketer hires PR professionals to handle the work. But when compared to the direct cost of other promotions, in particular advertising, the return on promotional expense can be quite high. Disadvantages of Public Relations While public relations holds many advantages for marketers, there are also concerns when using this promotional technique. Lack of Content Control. First, while public relations uses many of the same channels as advertising, such as newspapers, magazines, radio, TV and Internet, it differs significantly from advertising in that marketers do not have direct control over whether a message is delivered and where it is placed for delivery. ROI Risk. While a PR campaign has the potential to yield a high return on promotional expense, it also has the potential to produce the opposite if the news media feels there is little value in running a story pitched (i.e., suggested via communication with the news outlet) by the marketer. Getting Bumped. There is always a chance that a well devised news event or release will get “bumped” from planned media coverage because of a more critical breaking news story, such as wars, severe weather or serious crime.