Linking PR activity to business
The issue of accurately quantifying public relations and corporate communication activity in relation to business objectives and outcomes has long been a top practice issue. In times of tighter economic pressure, there is increasing need to demonstrate value. Although for some decades the use of advertising value equivalence (AVE) to show value by reference to equivalent advertising space was used, managements are now shrewder and want real results, not false ones. In this chapter the notion of Return on Investment (ROI) is critiqued, two metrics are proposed as being both more accurate and relevant than ROI and a total approach to the creation of value through communication – communication controlling – is ...
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