Some market experts warn that where the economy is concerned, we’re “tip-toeing along the brink of abyss.” Conventional wisdom suggests that pubic relations’ spending is ripe for a cutback when business slows, but the fact is there are fewer cost effective ways to get your message out and build your brand than good public relations during slow economic times.
In part, that’s because the right positioning of a brand or organization in the media is likely to stand out more amid daily reports of doom and gloom. And, the company that leads in such an environment and is visible doing so, will thrive when economic tides turn and customers and partners look to expand again. Here are a few points to consider when evaluating the value of public relations and its ability to help organizations through good times and bad.
- Consider that a positive presence for your organization in the media and among key audiences is an important way of building trust, the most precious of commodities nowadays. The filter applied by editors, analysts and influencers in the media is often regarded as a litmus test that can separate winners from losers.
- The consequences of neglecting public relations can be swift and often painful. We live in volatile times where rumor and speculation can drive down the value of companies at a moment’s notice, and to survive this hostile environment, organizations need a prominent presence and well-established lines of communication with their audiences.
- Your public relations professional is a great counsel. Potential “issues” present themselves daily, and it’s important to have a firm that can act as a buffer or offer an alternative point of view when the spotlight unexpectedly arrives.
Public relations can be viewed as the first item on the cost-cutting agenda, but think twice about how far you can go without deep trust from customers, a person in the market looking out for you, or the voice of reason when all else seems unreasonable.
As design director at Cookerly, Tim serves as the creative lead in the development of branding campaigns, print collateral and digital media for clients across a broad range of industries, including consumer, professional services, healthcare and technology.
As a senior vice president at Cookerly, Mike Rieman is a strategic communications leader specializing in media relations and reputation management. With a proven track record of securing high-profile placements in top-tier outlets such as The New York Times, The Wall Street Journal, CNN and USA Today, he excels at crafting compelling narratives that resonate across print, broadcast and digital platforms.
Mike Touhill is vice president at Cookerly Public Relations, where he helps lead traditional, social and digital media programs for B2B and B2C clients in packaging, telecommunications and technology, among other industries. As a communication leader, he develops and executes public relations strategy, provides proactive and reactive counsel to C-level executives and secures earned media coverage for client initiatives and product.
Andrew Agan is a vice president at Cookerly Public Relations, overseeing the agency’s internship program and leading media relations, content strategy and social media initiatives. He provides counsel and executes campaigns for clients across various sectors, including finance, healthcare, hospitality, technology, automotive and many others. Andrew excels at crafting compelling stories and building media relationships, resulting in clients being featured in notable outlets such as CNBC, Associated Press, Business Insider, Fox Business, HBO, Inc. Magazine, Sirius XM, The Wall Street Journal and USA Today, among others.
As vice president of Cookerly, Sheryl Sellaway uses her extensive corporate communications background to lead consumer PR efforts, deliver strategy for marketing programs and share expertise about community initiatives.