Serious threats lead to negative corporates reputations, which ends up affecting sales. This results in a need to change corporate policies. Companies weigh the potential impact of charges and allegations on possible customer reactions and effects on sales. It is important to work with interested groups, offer transparency, and to turn suggestions into actions. Do not get emotional, agree to work with people who make threats, or expect immediate results. A boycott is a refusal to buy products or services of an offending company. There is a long history of boycotts being used as a public tool of the consumer movement. The successes of boycotts are mixed. Some end up to changes while others are ignored. Many activist points out that boycotts do not have to be 100% effective in order to change a corporates policies. Even something as small as a 5% drop in sales will lead to corporations rethinking their policies, this is what the activists want. A little bit goes a long way. Boycotts can also negatively affect a corporations …show more content…
We see it on buildings, at sports games, music halls and more. Sponsorship has four major benefits to companies which include the enhancement of the reputation of the sponsoring company through association, high product visibility among key publics, provide a focus for marketing efforts and sales campaigns, and generate publicity and media coverage. Lastly, viral marketing is the new way to keep products or services buzzworthy. Thanks to technology a company can use word of mouth and increasingly pass on their message online.
Environmental Relations professionals are in charge of relaying important environmental news and updates to the public. The public wants to be informed about corporate concern for the environment and its sustainable resources. It is important for companies to maintain a certain appearance and many favor those who are environmentally aware. Many companies will partner with other organizations in which they can both better the environment and generate