public relations and corporate sector

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    Public Relations and

    corporate image

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    INTRODUCTION

    Public relations defined

    The deliberate, planned and sustained effort toinstitute and maintain mutual understandingbetween an organisation and its publics.

    Institute of Public Relations (IPR)

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    PUBLIC DEFINED

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    FUNCTIONS OF PUBLIC

    RELATIONS

    Specific public relations disciplines include:

    Financial public relationsproviding information mainly tobusiness reporters

    Consumer/lifestyle public relationsgaining publicity for aparticular product or service, rather than usingadvertising

    Crisis public relationsresponding to negative accusations orinformation

    Industry relationsproviding information to trade bodies Government relationsengaging government departments to

    influence policymaking

    http://en.wikipedia.org/wiki/Reporterhttp://en.wikipedia.org/wiki/Advertisinghttp://en.wikipedia.org/wiki/Trade_bodieshttp://en.wikipedia.org/wiki/Trade_bodieshttp://en.wikipedia.org/wiki/Advertisinghttp://en.wikipedia.org/wiki/Reporter
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    How has the Role of PR Changed?

    Traditional Role:

    Communicating and gaining acceptance of policies and programs inthe community

    New Role: More marketing-oriented (Marketing Public RelationsMPR)

    Operates within a marketing department to develop programs andpolicies

    Supports marketing objectives and adds value to the integratedmarketing communications program

    Incorporates marketing and corporate PR functions.

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    What do PR people do?

    1. Determine the publics existing attitude towardthe firm

    Helps planning Serves as early warning system for problems2. Design a PR plan that is proactive rather than

    reactive.

    3. Execute the plan. Determine relevant target audiences Decide on tools4. Determine the effectiveness of the plan

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    Public Relations Tools

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    House AdsPrepared by the Organization for Use in

    Its Own Publication or One Over Which ItHas Some Control.

    The Sponsoring Organization Pays forControlled Media soThey Maintain Total Control Over How and When the Message

    is Delivered.

    Corporate(Institutional)Advertising

    Designed to Promote a Corporate Imageor Viewpoint.

    Public ServiceAnnouncements

    Ads Designed by Charitable or CivicOrganizations for Broadcast Free of

    Charge.

    Public Relations Tools

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    In-House

    Publications

    Publications Such as Pamphlets,Booklets, and Annual Reports for an

    Organizations Own Employees and OtherPublics.

    Displays,Exhibits, &Staged Events

    All Are Used in Both Sales Promotion andPR Programs and Include Open Housesand Plant Tours.

    Speakers,Photographs,

    & Films

    Maintaining Visual Contact With theVarious Publics is a Big Part of PR.

    Public Relations Tools

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    News Release

    Primary Medium UsedTo Deliver PR Messages

    to Media EditorsAnd Reporters.

    Video News ReleasesContain Video Coverage

    That Can be UsedDuring a TV Newscast.

    Press Conference

    Convening Media RepsTo Make a Statement.

    Risky, Because MediaMay Not See Companys

    Announcement as BeingReal News.

    May Distribute PressKits.

    Public Relations Tools

    The Media, Rather Than the Organization, Controls the Use

    and Placement ofUncontrolled Media.

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    Corporate image

    A corporate image refers to how a business isperceived. It is a generally accepted image ofwhat a company stands for.

    A corporation's image is not solely created bythe company. Other contributors to a company'simage could include:

    news media, journalists, labor unions,environmental organisations, and other NGOs.

    http://en.wikipedia.org/wiki/News_mediahttp://en.wikipedia.org/wiki/Journalisthttp://en.wikipedia.org/wiki/Labor_unionhttp://en.wikipedia.org/wiki/NGOhttp://en.wikipedia.org/wiki/NGOhttp://en.wikipedia.org/wiki/Labor_unionhttp://en.wikipedia.org/wiki/Journalisthttp://en.wikipedia.org/wiki/News_media
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    Corporate Image

    Definition:

    Corporate images are selectively perceived

    mental pictures of an organization.The sum totalof these perceived characteristics of thecorporation is what we refer to as the corporate

    image.

    (Zinkhan, Ganesh, Jaju, Hayes)

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    Who is interested in the corporate

    image? The most important groups are

    - Stockholders: who have invested in the company- Board of Directors: who manage the company

    - Employees: who is in middle management and below- Suppliers: who supplies any kinds of materials and services

    (banks)- Channel members: who are involved in the distribution network- Customers:who purchase the companys products and/or

    services- Community:who asses the companys role as corporate citizen

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    Benefits of an effective corporate

    image

    stimulating sales

    establishing company goodwill

    creating an identity for employees influencing investors and financial institutions

    promoting favourable relations with the

    community, government and opinion leaders achieving a competitive position

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    How is Corporate Image formed?

    Step 1: Influence and manage corporate image

    The internal controllable sphere can be used toinfluence the stakeholders image of the organization.

    The external factors, however can also be indirectlymanipulated.

    Internal controllable sphere

    External non-controllable sphere

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    Forming a corporate image on the

    internal sphere

    Steps to follow: Forming a corporate image on theinternal sphere through the six major sources:

    1.Corporate Identity.2. Corporate Advertising

    3. Brand Image

    4. Public Relations

    5. Frontline Employees Behaviour

    6. Websites

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    Forming a corporate image

    on the external sphere

    Steps to follow:

    There are four major sources:

    .1. Industry image

    2. Country-of-Origin Image

    3. Press Reports and Press releases.

    4. Word-of-mouth

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    MARKETING MIX

    Marketing involves a number of activities. To begin

    with, an organisation may decide on its target group

    of customers to be served. Once the target group is

    decided, the product is to be placed in the market byproviding the appropriate product, price, distribution

    and promotional efforts. These are to be combined

    or mixed in an appropriate proportion so as to

    achieve the marketing goal. Such mix of product,price, distribution and promotional efforts is known

    as Marketing Mix

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