Business News of Wednesday, 29 January 2025

Source: Tayo Shofodunrin, Contributor

PR, budgeting and organizational success

Tayo Shofodunrin Tayo Shofodunrin

The Professional Practice of Public Relations is often seen as a magical ground where brand images are transformed and where goodwill is generated seemingly out of the blues.

This misconception leads to why people often misunderstand why resources are
needed for driving effective PR campaigns.

Just as a vehicle cannot move without fuel, a PR department cannot function
effectively without a realistic budget. It is imperative to note that a budget is much more than an incurred expense. It is a major prerequisite which fuels creativity, enables strategic planning, and drives measurable results.

A well-defined budget helps PR professionals execute impactful campaigns, conduct
thorough research, and track campaign effectiveness. On the flip side, without
adequate funding, PR professionals are limited in their ability to secure high-quality media coverage and respond effectively to crises.

In conclusion, a well-funded PR department is not just a cost center but a long-term
investment for the success of any organization. By recognizing the value of strategic PR and providing adequate resources, organizations will be able to enhance their brand reputation, increase market share through brand awareness, and generate
leads via targeted campaigns. In addition to this, it will be possible to navigate crises effectively, minimize damage, and maintain public trust during challenging times.

PROFILE

Tayo is a seasoned Public Relations professional with 8+ years of experience in
Marketing Communications. He specializes in media relations, stakeholder
engagement, and reputation management. Adetayo holds a Masters in Advertising
& PR from Babcock University and is an active member of professional marketing and
PR bodies. He currently serves as Media & Public Relations Manager at PremiumTrust
Bank