Question

Upon graduation, you are considering whether you should join a public relations department within an organization...

Upon graduation, you are considering whether you should join a public relations department within an organization or a public relations firm. As you make your decision, what kinds of differences must you take into consideration? ANSWER MUST BE 20 LINES LONG

Homework Answers

Answer #1

Public Relations is a crucial part of every company. Many business people also tend to open a firm specifically to enhance the public relations. The core difference between the two is that the department only focuses on the public relations part, but on the other hand, the firm does not attempt a single task for a second time and does not waste their time. The firm also had other functions and operations. A company or firm is a combination of all the processes. For example, a legal department only focuses on its legal proceedings, but the legal firm does other operations simultaneously. It also manages the finance and wages of other employees.

Similarly, the PR firm also manages all the other functions, just like a business enterprise. A PR department in a company will help the managers better know the industry and the related firms. The department only has a single client that is the enterprise itself. However, on the flip side, the company has more than one client, and it also attracts impartial opinions and unbiased opinions. It is because the managers from all the departments contribute to the growth of the company. Also, during crises, a firm has more abilities to cope with than a department alone. It is because the entire company focuses on public relations. The department has a limited workforce, but the firm has good human capital, leading to efficiency and effectiveness.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
There are many definitions of public relations. which one do you think best reflects reality? Why?...
There are many definitions of public relations. which one do you think best reflects reality? Why? answer must be 20 lines long.
Question 1 a) Let’s assume that upon graduation, you are deciding between two job offers in...
Question 1 a) Let’s assume that upon graduation, you are deciding between two job offers in different cities (i.e. Terra and Smallville) in a hypothetical country, Wakanda. The job offer in Terra pays a salary of $50,000 per year, while the Smallville job offer pays a salary of $40,000 per year. The Consumer Price Index (CPI) in Terra is 150, and the CPI in Smallville is 90. Calculate the Terra salary in Smallville dollars and Smallville salary in Terra dollars....
As the owner of a small business, you are considering whether you should pay for a...
As the owner of a small business, you are considering whether you should pay for a short training program for your workers or not. The supplier of the training tells you that your workers will become much more efficient, generating cost savings worth $10,000 each year for the next five years. The cost of the training program, if offered today, is $35,000. The training company tells you that this is a no-brainer, meaning that you should not think much about...
You are considering four projects that yield different payoffs, depending upon whether there is an economic...
You are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The probabilities, projects and corresponding payoffs are summarized in the following table. Project Boom 50% Recession 50% A $ 40 -$20 B -$10 $30 C $50 -$50 D $60 $60 a. What is the expected payoff of each project? b. What is the variance of each project’s payoff? c. What would be the expected payoff if you adopted projects A...
Assume that you are deciding whether to acquire a four-year university degree. Your only consideration at...
Assume that you are deciding whether to acquire a four-year university degree. Your only consideration at this moment is the degree as an investment for yourself. Costs per year are tuition fees of $600 and books at $100. • If you don’t go to university, you could earn $6000 per year as an acrobat. • With a university degree, however, you know that you can earn $10,000 per year as an acrobat. Because of the nature of your chosen occupation,...
Montel Firm is considering whether to outsource the manufacture of subcomponent JXY. The accounting department provides...
Montel Firm is considering whether to outsource the manufacture of subcomponent JXY. The accounting department provides the following cost information for manufacturing 10,900 units of subcomponent JXY per month. Direct materials costs $39,200 Direct labour costs 30,800 Variable overhead 14,100 Fixed overhead* 13,600 *Fixed overhead includes $4,900 supervisor’s salary. International Firm agrees to supply Montel with 10,900 units per month for a total cost of $131,700. If subcomponent JXY is outsourced, Montel will be able to increase the production and...
Montel Firm is considering whether to outsource the manufacture of subcomponent JXY. The accounting department provides...
Montel Firm is considering whether to outsource the manufacture of subcomponent JXY. The accounting department provides the following cost information for manufacturing 10,500 units of subcomponent JXY per month. Direct materials costs $38,500 Direct labour costs 31,100 Variable overhead 14,800 Fixed overhead* 12,000 *Fixed overhead includes $4,200 supervisor’s salary. International Firm agrees to supply Montel with 10,500 units per month for a total cost of $135,500. If subcomponent JXY is outsourced, Montel will be able to increase the production and...
Assume that you are nearing graduation and have applied for a job with a local bank....
Assume that you are nearing graduation and have applied for a job with a local bank. As part of the bank’s evaluation process, you have been asked to take an examination that covers several financial analysis techniques. The first section of the test addresses discounted cash flow analysis. See how you would do by answering the following questions. a. Draw time lines for (1) a $100 lump sum cash flow at the end of Year 2, (2) an ordinary annuity...
A firm considering foreign expansion must first decide which markets to enter, when to enter them,...
A firm considering foreign expansion must first decide which markets to enter, when to enter them, and on what scale. Then the firm must decide on the entry mode. The firm's strategy, product, and competition all play parts in making that decision. When a firm's competitive advantage is based on technological competence, a wholly owned subsidiary will often be the preferred entry mode because it reduces the risk of losing control over that competence. A wholly owned subsidiary is also...
The company estimates that its cost of capital is 15%. It is considering whether to invest...
The company estimates that its cost of capital is 15%. It is considering whether to invest in Shining Zambian, which has the following cash flows and will make the decision on the basis of the Net present value of the project: Estimated Cash Flows of the Project of Shining Zambian Limited Year Cash flows in (K’ Millions) 0 (100,000) 1 50,000 2 30,000 3 70,000 4 20,000   Note: Zambians abroad investments hopes to recoup its investment and payback any amounts...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT