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How do you measure the success of a public relations initiative?
Were frequently asked this worthy question, and the
answer is, many ways. Clients who understand the impact and
value public relations can produce have generally graduated
to the point where they are benchmarking perceptions among
key constituent groups as part of their overall corporate
and marketing communications programs. This is ideal, of course,
but not always attainable for every company.
In these cases, its best to focus on the business goals
management is supporting with public relations. If public
relations is primarily used in support of investor relations,
cost-effective touchstones can be incorporated into the program
to determine shifts in awareness and attitudes of fund managers
and analysts, and concrete goals can be established such as
expansion of the number of analysts who cover the company.
If public relations is largely a marketing function, the program
can be designed to increase retail traffic and web site visits,
with measurement tools such as bounce-back tools, and special
codes or 800#s built into the message points, which clearly
link the PR effort to the result.
Often a client relies on experience to determine a programs
success. For a client who previously was unable to generate
media coverage, a heavy interview schedule and a hardy stewardship
report of consistent results each month answer the question
without a doubt.
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