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59 Cards in this Set
- Front
- Back
The second major task of financial public relations is to prompt provision of _____ required by law, regulation, and policy.
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public information
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What is the most important outcome of electoral contributions?
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To obtain ACCESS to legislators and gain INFLUENCE on legislative activities.
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Lobbyists devote much time to _____ contacts and programs that will improve _____ with government officials and to _____ legislators' activities regarding statutes and laws.
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creating; communication; monitoring
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_____ is a plan for getting from where you are to where you want to be. Thus, the perception of the company by its relevant publics should be compared with how it hopes to be perceived in the future.
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communication strategy
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Knowledge of _____, _____, _____, and _____ are all important for those considering financial relations careers.
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finance; marketing; law; public relations
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What is the main focus for having community relations?
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To evaluate publics' attitudes about your corporation
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Other PACs get their funds from their _____ or _____.
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members; constituencies
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What are the 12 steps a company can take to recover its reputation and restore credibility?
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(1.) take the HEAD-LEADER first, (2.) communicate TIRELESSLY, (3.) don't UNDERESTIMATE your critics and competitors, (4.) reset the company CLOCK, (5.) ANALYZE what went wrong and right, (6.) MEASURE, measure, and measure again, (7.) right the CULTURE, (8.) seize the SHIFT, (9.) brave the MEDIA, (10.) build a DRUMBEAT of good news, (11.) commit to a MARATHON, not a sprint, (12.) minimize the REPUTATION risk
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Any type of committee that is formed to bring about change such as Right to Life of Michigan or specific environmental groups like PETA is an example of _____.
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a political action committee (PAC)
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public relations practitioners working for the U.S. government or other institutions using those titles
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public information/public affairs officers (PIOs/PAOs)
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What is the second major function of financial public relations?
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to prompt provision of public information required by law, regulation, and policy
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A practice analysis conducted by the PRSA found that corporate communicators spent most of their doing what three things?
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(1.) strategic planning, (2.) supervision, (3.) doing the work
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What do Web sites, e-mail, and Internet access allow nonprofit organizations to do?
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to conduct research, to share information with key constituents, to raise funds, to network with affiliates, to attract employees and volunteers, to provide training, to sponsor 24/7 information services, and to enhance their overall ability to carry out their programs and mission
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What are four problems faced by public information officers (PIOs)?
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(1.) Their mission and legitimacy are questioned more extensively, (2.) Their constituents are forced to provide financial support through taxation, (3.) Red tape, internal bureaucratic situations, and political pressures hinder their efforts, and (4.) Career development opportunities are limited
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How do corporate communicators spend most of their time?
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(1.) strategic planning, (2.) supervision, (3.) doing the work
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related to issues management because through its relationship building it helps organizations anticipate or respond to issues affecting their activities
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public affairs/governmental relations
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The most frequent responsibility for corporate PR is _____/_____.
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corporate communication/public relations
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Today, lobbyists are likely to be who?
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very carefully selected professionals who have business acumen, a thorough grasp of sometimes highly technical information, and lots of political savvy
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Financial relations professionals must have _____ to deal effectively with their many-faceted responsibilities.
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a broad base of knowledge and skills
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What are the four major barriers/differences that often confront business and public relations in global PR?
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(1.) language, (2.) law, (3.) culture, (4.) underdeveloped mass media
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Corporate PACs get their money from _____ or _____.
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employees; stockholders
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the primary group an organization is trying to influence
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target audience
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concerned with the improving of fairness and effectiveness of new and existing systems
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electoral
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Involves specifically looking at building and cementing ongoing relationships with political parties and decisionmakers.
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public affairs/government relations
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What three groups do membership associations primarily consist of?
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(1.) groups of PROFESSIONALS, (2.) groups of BUSINESSES, (3.) TRADE GROUPS
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What is the most frequent responsibility for corporate PR?
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corporate communication/public relations
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Financial analysts want to know the company's _____.
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background
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includes seeking to shape public opinion and legislation, developing effective responses to matters of public concern, and helping the organization adapt to public expectations
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public affairs/governmental relations
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What are the basic functions of financial analysts?
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(1.) to GATHER INFORMATION concerning various companies, (2.) to DEVELOP EXPECTATIONS in terms of sales, profits, and a range of other operating and financial results, and (3.) to MAKE JUDGMENTS about how securities markets will evaluate these factors
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What are five strategies for a public information officer?
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(1.) PIOs should STRIVE TO BE GENERALISTS in both public relations and management skills, (2.) PIOs should practice PREVENTATIVE MAINTENANCE, (3.) PIOs must develop a SERVICE ORIENTATION, (4.) PIOs should CONCENTRATE ON INPUTS AS MUCH AS OUTPUTS, (5.) PIOs should realize OPENNESS is essential to effective governmental public relations
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What is the job of PR in large corporations?
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Ultimately to (1.) ENSURE THAT CORPORATE POWER IS MAINTAINED by responsible use and (2.) to HELP DEVELOP COOPERATIVE RELATIONSHIPS between corporations and other societal institutions
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media outlets devoted to coverage of business and financial information
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financial press
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Within corporate communication strategy, _____ is increased when the company uses a candid and straightforward approach to describe its operations with a minimum of hype and maximum of information.
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credibility
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To maintain relations with financial analysts, the basic method is to _____ the prospects, _____ them, establish _____ and understanding, and then _____ the relationship.
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identify; meet; interest; maintain
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In a democracy, the attempt to influence government occurs in the context of _____ and requires dealing with an audience much _____ than political officials.
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public opinion; broader
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Lobbyists seek to define issues in terms of what?
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the legislators' constituencies and the public interest, providing briefly stated, neatly organized facts that answer questions
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Lobbyists seek to define issues in terms of the legislators' _____ and the _____, providing briefly stated, neatly organized facts that answer questions.
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constituencies; public interest
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SEC reports are prepared largely by whom?
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accountants and lawyers
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Governmental public relations practitioners are called _____.
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public information officers (PIOs)
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Small business owners must focus first on the _____, meaning that they may not realize what?
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core business; may not realize the consistent benefits that a planned public relations program could deliver
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A nonprofits' _____ audiences have different public relations needs, and _____ all of them isn't easy. Practitioners must try to _____ these numerous perspectives.
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complex; satisfying; balance
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Lobbyists' emphasis is on _____ and _____, not pressure.
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information; advocacy
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an example of these are political action committees
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electoral bodies
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In the wake of several cases of securities fraud in the mid-1900s, the U.S. Securities and Exchange Commission (SEC) imposed what two new rules on the financial community?
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(1.) any material change in any publicly owned company's financial condition must be MADE PUBLIC IMMEDIATELY, and (2.) anyone trading securities based on "INSIDER INFORMATION" -- information that has not been made public -- can be fined and/or imprisoned
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What is the first strategy for a public information officer?
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to make sure you are a generalist in PR
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develop, execute, and evaluate programs that promote the exchange of influence and understanding among an organization's constituent parts and publics
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public information officers (PIOs)
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Name some of the numerous publics nonprofits are accountable to.
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corporate and individual donors, board members, employees, volunteers, opinion makers, lawmakers, clients and customers, members, government funders and regulators, neighbors and citizens, foundations and grantees
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Effective Web sites for nonprofit organizations focus on _____.
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audience needs
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What are the 8 members of the financial press?
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(1.) major daily newspapers, (2.) weekly newspapers, (3.) business press (The Wall Street Journal), (4.) financial columnists, (5.) trade magazines, (6.) cable television, (7.) local and network programs, (8.) specialized financial media (market newsletters, investment advisory services, statistical services)
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The top PAC by total expenditure is the _____.
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Service Employees International Union
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Whatever a corporation's current status or ultimate objectives, its financial relations communication strategy must be characterized by _____, _____, and _____.
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responsiveness; regularity; openness
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In government -- as in any other organization -- public relations is a _____ function that helps define _____ and philosophies while also helping the organization adapt to the demands of its _____ and environments.
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management; objectives; constituencies
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Membership associations consist primarily of (1.) groups of _____ such as attorneys, accountants, engineers, architects; (2.) groups of _____ such as manufacturers, distributors, retailers and those who deal in specific products or services; (3.) _____, consisting primarily of management and labor organizations in construction, manufacturing, agriculture, etc.
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professionals; businesses; trade groups
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Who are nonprofits publics?
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Nonprofits are accountable to numerous publics, including corporate and individual donors, board members, employees, volunteers, opinion makers, lawmakers, clients and customers, members, government funders and regulators, neighbors and citizens, foundations and grantees.
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carry considerable influence and can offer unique perspectives on particular companies
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financial columnists
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Why do PIOs seek to ensure approval?
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Because the success and stability of democratic governments are ultimately determined by continuous citizen approval.
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may be involved in monitoring public policy, providing political education for employees or other constituents, maintaining liaisons with various governmental units, and encouraging political participation
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public affairs/governmental relations
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Strategies for public information officers include (1.) striving to be _____ in both public relations and management skills, (2.) practicing _____ maintenance, (3.) developing a _____ orientation, (4.) concentrating on _____ as much as _____, (5.) and realizing that _____ is essential to effective governmental public relations.
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generalists; preventative; service; inputs; outputs; openness
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What are the two rules affected by PR most often/the two rules that are broken most often?
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(1.) any material change in any publicly owned company's financial condition must be MADE PUBLIC IMMEDIATELY, and (2.) anyone trading securities based on "INSIDER INFORMATION" -- information that has not been made public -- can be fined and/or imprisoned
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