tutor2u ™ gcse business studies revision presentations 2004 public relations
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tutor2u ™ GCSE Business Studies Objectives of Public Relations Achieve favourable publicity about business at low cost Build image and reputation of business and its products, particularly amongst customers Communicate effectively with customersTRANSCRIPT
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GCSE Business GCSE Business StudiesStudiesRevision Presentations 2004Revision Presentations 2004
Public Relations
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GCSE Business GCSE Business StudiesStudies
What is Public Relations
A form of communication between a business and its customers
Not paid for (compare with advertising – which has to be paid for)
Does not aim to directly generate sales
Aims to build “goodwill” – e.g. people think positively about a business and its products/services
Lots of different ways to do it
Often referred to just as “PR”
tutor2ututor2u™™
GCSE Business GCSE Business StudiesStudies
Objectives of Public Relations
Achieve favourable publicity about business at low cost
Build image and reputation of business and its products, particularly amongst customers
Communicate effectively with customers
tutor2ututor2u™™
GCSE Business GCSE Business StudiesStudies
Comparison with Advertising
No direct charge made for PR
However, business will need to pay for its own PR department or external PR consultant
PR is arguably more powerful Message communicated through PR is often more believable
than paid for advertising Involves getting other people or organisations to say positive
things about a business (e.g. magazine articles, product reviews)
However No guarantee that PR will reach its target audience (newspapers
may fail to print story) whereas advertising must be printed since space in newspaper is paid for
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GCSE Business GCSE Business StudiesStudies
Examples of Public Relations
Consumer marketing support Product literature Consumer and trade press releases Special events (e.g. product launches, publicity stunts)
Business communication Business identity – e.g. logos. Brochures Trade exhibitions and conferences
Financial and public communication Media relations Lobbying politicians Annual report and accounts Company / business website