Public Relations (PR)

Public Relations (PR)

Public relations (PR) is the set of techniques and strategies related to managing how information about an individual or company is disseminated to the public, and especially the media. PR is essential to any company's success, especially when shares in the company are publicly traded and the value of a share depends on the public's confidence in a company or brand. PR differs from advertising in that PR attempts to represent a person or brand's image in ways that will appear organic, such as generating good press from independent sources and recommending business decisions that will incur public support. Occasionally, PR professionals engage in negative PR or willful attempts to discredit a rival brand or company, although such practices are not in keeping with the industry's code of ethics. Public relations (PR) is the set of techniques and strategies related to managing how information about an individual or company is disseminated to the public, and especially the media.

Public relations (PR) refers to managing how others see and feel about a person, brand, or company.

What Is Public Relations (PR)?

Public relations (PR) is the set of techniques and strategies related to managing how information about an individual or company is disseminated to the public, and especially the media. Its primary goals are to disseminate important company news or events, maintain a brand image, and put a positive spin on negative events to minimize their fallout. PR may occur in the form of a company press release, news conference, interviews with journalists, social media posting, or other venues.

Every individual or entity operating in the public eye faces the spread of information about them or their practices to the public. While public relations is an industry unto itself, any attempt to portray oneself in a certain way to others can be considered a form of public relations.

Public relations (PR) refers to managing how others see and feel about a person, brand, or company.
PR for corporations, notably publicly traded companies, focuses on maintaining a positive corporate image while handling media requests and shareholder inquiries.
PR is especially important to defray public or investor outcry following negative news announcements.
PR is different from advertising or marketing as it’s often meant to look organic.

Understanding Public Relations

Although not inherent in the definition, PR is often thought of as "spin," with the goal being to present the person, company, or brand in the best light possible. PR differs from advertising in that PR attempts to represent a person or brand's image in ways that will appear organic, such as generating good press from independent sources and recommending business decisions that will incur public support. Loosely defined until the mid-twentieth century, PR is one of the fastest-growing industries in the United States.

PR is essential to any company's success, especially when shares in the company are publicly traded and the value of a share depends on the public's confidence in a company or brand. In addition to handling media requests, information queries, and shareholder concerns, PR personnel are frequently responsible for crafting and maintaining the corporation's image. Occasionally, PR professionals engage in negative PR or willful attempts to discredit a rival brand or company, although such practices are not in keeping with the industry's code of ethics.

Many public companies have a separate investor relations (IR) department for dealing with communications to shareholders and analysts.

Public Relations in Practice

PR also involves managing a company's reputation in the eyes of its customers. In a 2012 PR crisis, restaurant chain Chick-fil-A was forced to issue emergency statements with respect to its stance on same-sex marriage after a Chick-fil-A executive publicly came out against marriage equality. The statement stressed the company's "biblically-based principles" and its belief in treating "every person with honor, dignity, and respect." It was an example of how companies must exercise good PR. Most major companies have a PR department or utilize the services of an outside firm.

A company often has multiple publics to impress. Internally, a company will want to present itself as competently operated to its investors and biggest shareholders, which can involve arranging product demonstrations or other events directed towards shareholders. 

Externally, a company that sells a good or service directly to consumers will want to present a public image that will encourage genuine, lasting brand support, which extends beyond the somewhat knowingly specious goals of advertising. 

Related terms:

Advertorial

An advertorial is magazine, newspaper, or website content that looks and reads like that publication’s content but is actually a paid advertisement.  read more

Brand Identity

Brand identity is the visible elements of a brand, such as color, design, and logo, that identify and distinguish the brand in consumers' minds. read more

Brand Loyalty

Brand loyalty is the positive association consumers attach to a particular product, demonstrated by their repeat purchases of it. read more

Brand

A brand is an identifying symbol, mark, logo, name, word, or sentence companies use to distinguish their product from others. Learn why brands are important. read more

Closely Held Corporation

A closely held corporation is a firm with a limited number of shareholders. Discover the pros and cons of closely held versus public corporations. read more

Investor Relations (IR)

The investor relations (IR) department is a division of a business whose job it is to provide investors with an accurate account of company affairs. read more

Managerial Accounting

Managerial accounting is the practice of analyzing and communicating financial data to managers, who use the information to make business decisions. read more

Micromarketing

Micromarketing is an approach to advertising that tends to target a specific group of people in a niche market. With micromarketing, products or services are marketed directly to a targeted group of customers. read more

Press Conference

A press conference is an event organized to officially distribute information and answer questions from the media. read more

Press Release

A press release is a newsworthy or informational article, often issued by a firm's PR department. read more