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CHAPTER 10: ADVERTISING + PUBLIC RELATIONS ADVERTISING

Criticisms Against Advertising 1. Adds to cost of products increase price 2. Makes people buy products they dont need e.g. sale promotion, branded goods, cigarette/alcohol 3. Reduces competition and fosters monopolies

Small competitor cannot afford less exposure lose to big company with big budget No competitors big company control industry
PUBLIC RELATIONS
Types of PR 1. Financial PR Provide information to business journalist Communicate with investors + shareholders a.k.a. investor relations 2. Product PR Uses PR techniques seeks publicity sell products and services 3. Crisis PR A.k.a crisis management / crisis communication Develop long term plan manage issues to avoid crisis Solve crisis products recalls, serious accidents, scandals, labor disputes.

Types of PR Client 1. Government Lobby organizations Support government policy Train politicians How to present public image in media 2. Education Institutions Universities, colleges, schools Promote institution Handle press 3. Non-Profit Organizations Hospitals, churches, charities Fundraising 4. Industry Work with government-related issues that affect industry 5. Business Company Prepare annual reports and gather financial info Events Charity event, company Family Day etc 6. Others: Athletic teams Promote team/players Handle fans + press Entertainment Promote movie/show/album/book Handle fans + press + media appearance International PR Prepare companies for other countries Responsibilites of PR Writing & Editing Media Relations & Placement Special Events Public Speaking Research Programming & Counseling Training Management PR & Media

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