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Why Public Relations?. Kevin M. Brett University of Oregon April 2, 2013. Why Consider Public Relations?. Financial/IR: $165,620 Crisis Management: $150,000 Reputation Management: $143,000 Public Affairs: $98,500 Community Relations: $59,910 Source: PRSA/Korn Ferry International, 2006.
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Why Public Relations? Kevin M. Brett University of Oregon April 2, 2013
Why Consider Public Relations? • Financial/IR: $165,620 • Crisis Management: $150,000 • Reputation Management: $143,000 • Public Affairs: $98,500 • Community Relations: $59,910 Source: PRSA/Korn Ferry International, 2006
My PR Career • Eight Years In Politics • Five Years in Trade Assn. PR • 10 Years in Corporate PR • Four Years in Tech Agency PR • Almost DailyBrett Blog • Full-Time PR Instructor
Spin Doctors? • Publicity Agents • Snake-Oil Salesmen • Fast-and-Loose with the Truth • Lobbyists • Image Consultants
A Little Less Cynical… • Participates in Marketplace of Ideas • Provides Clear and Accurate Info • Positions Companies, Non-Profits, Leaders • Plays in 24/7/365 Digital World • Adept at Crisis Communications • Safeguards Reputations and Brands
Tools of the Trade • Who, What, When, Where, Why & How • Relationships with Editors, Reporters, Analysts and Bloggers • Counsel to Executives, Leaders • Develop Facts, Figures and Info for Society • Serve as Spokespersons
Communications Choreography • Develop Strategic Messaging • Identify Target Audiences • Devise Earned Media Campaign • Execute Public Relations Outreach • Extend Brand Equity • Safeguard Reputations • Measure Results
Government/Political Public Relations • Higher Standard • Competitive • Toughest Media • Public Service • Not Private Sector • Lose Election?
Non-Profit Public Relations • Satisfying? • Credible Third Party • Competitive • Compassion Fatigue • Financial Pressures
Corporate vs. Agency Corporate PR Agency PR Billable Hours Spread Sheet Client Teams; Multiple Bosses Hired Gun Deep Rolodex Salary, Benefits and Bonus Lower Regard by Media • 24/7/365 for the Company • Reports to CFO, Mktg, Sales • In-House/Agency/Combo • More Credibility with Media • ESPP/Stock Options • Higher Regard by Media
Two Primary Methods of Engagement • Project: Specific task, aimed at a specific audience at a specific time for specific price + OOPS. • Retainer: Contractual Engagement Based Upon a Monthly Fee + OOPS; Monthly Reports; Periodic Agency Review ($15,000 or more per month in Silicon Valley)
Distributed Global Offices • Seattle – Microsoft • Portland – Nike • SF – Charles Schwab • Silicon Valley – HP • Los Angeles – Disney • New York – Samsung • Chicago – Wal-Mart • Tokyo – Toyota • Munich -- Siemens
Balance Sheet/Up Economy Revenues from Clients Client Team Salaries SVP, $150,000 SAS, $100,000 SAE, $75,000 AE, $50,000 AE, $50,000 AAE, $35,000 AAE, $35,000 Total Team Salaries: $495,000 • $25,000 per month from Client A • $20,000 per month from Client B • $15,000 per month from Client C • $20,000 project $80,000 in total revenues; $60,000 monthly Total Annual Revenues: $720,000 + $20,000
Balance Sheet/Down Economy Revenues from Clients Client Team Salaries SVP, $150,000 SAS, $100,000 SAE, $75,000 AE, $50,000 AE, $50,000 AAE, $35,000 AAE, $35,000 Total Team Salaries: $495,000 • 25,000 per month from Client A • $20,000 per month from Client B • $15,000 per month from Client C • $20,000 project $40,000 in total monthly revenues Total Annual Revenues: $480,000
Balance Sheet/Down Economy Revenue from Clients Client Team Salaries SVP, $150,000 SAS, $100,000 SAE, $75,000 AE, $50,000 AE, $50,000 AAE, $35,000 AAE, $35,000 Total Team Salaries: $420,000 • 25,000 per month from Client A • $20,000 per month from Client B • $15,000 per month from Client C • $20,000 project $40,000 in total revenues; $40,000 monthly Total Annual Revenues: $480,000
PR: What’s New? • Digital Self-Publishing • Facebook, Twitter, LinkedIn, Blogs, Podcasts, Webcasts, Pinterest • Loss of Control • Reputations/Brand in Play 24/7/365 • Crisis Communications More Important • Need to Tell The Story Better Than Ever
Tone Deaf CEOs? Did the Big Three automakers CEOs behave outrageously by traveling in corporate jets to request taxpayer bailout money?
The Bubble Burst ENRON Martha Stewart $6,000 Shower Curtain Sarbanes-Oxley SEC REG FD (Fair Disclosure) Jon Stewart/Jim Cramer Interview Full Employment for Reporters?
PR Buzzwords • Brand • Cloud • Corporate Social Responsibility • Organic • Sustainable • Solutions • Thinking Out of the Box • Thought Leadership
The Mother of All Run-On Sentences “Today we are thinking out of the box in leveraging a portfolio of organic, sustainable cloud computing solutions that enhance your company brand, while demonstrating thought leadership and exemplifying your dedication to corporate social responsibility.”
Public Relations helps establish and maintain mutual lines of communication, understanding, acceptance and cooperation between an organization and its publics. • - Rex Harlow Public Relations is the management of communication between and organization and its publics. -Todd Hunt and James Grunig
Defining Public Relations • What does an accountant do? • What does a doctor do? • What does an attorney do? • So what does a public relations practitioner do?