Podcast
Questions and Answers
The author believes that innovation in mature companies often comes from internal efforts.
The author believes that innovation in mature companies often comes from internal efforts.
False (B)
According to the article, what is the reason mature companies might not prioritize innovation internally?
According to the article, what is the reason mature companies might not prioritize innovation internally?
- They lack the resources to invest in internal innovation.
- They believe internal innovation is too risky.
- They focus on repeatability and minimal change. (correct)
- They prefer to outsource innovation to specialists.
What is one key attribute the author suggests looking for in team members who can drive innovation?
What is one key attribute the author suggests looking for in team members who can drive innovation?
A track record of generating impactful ideas and solutions
The author believes that mature companies should look for employees who are not ______ and are comfortable raising issues.
The author believes that mature companies should look for employees who are not ______ and are comfortable raising issues.
Which of the following is NOT a characteristic of an innovator, according to the article?
Which of the following is NOT a characteristic of an innovator, according to the article?
Match the following attributes with their corresponding description:
Match the following attributes with their corresponding description:
According to the article, what is the role of leadership in fostering an innovative culture?
According to the article, what is the role of leadership in fostering an innovative culture?
The author believes that innovation is becoming less important in a rapidly changing market.
The author believes that innovation is becoming less important in a rapidly changing market.
Which of the following campaigns is an example of the new marketing trend discussed?
Which of the following campaigns is an example of the new marketing trend discussed?
The new marketing approach emphasizes hunting for new customers rather than nurturing existing ones.
The new marketing approach emphasizes hunting for new customers rather than nurturing existing ones.
What is the primary difference between advertising and public relations?
What is the primary difference between advertising and public relations?
The believability of an advertisement is generally higher than that of an article.
The believability of an advertisement is generally higher than that of an article.
What type of story should companies create to highlight their product or service?
What type of story should companies create to highlight their product or service?
Companies should lead with a minimum viable product (MVP) and __________.
Companies should lead with a minimum viable product (MVP) and __________.
According to the study mentioned, by how much is PR more effective than advertising?
According to the study mentioned, by how much is PR more effective than advertising?
In public relations, you aim to convince __________ to write a positive story about you.
In public relations, you aim to convince __________ to write a positive story about you.
What should companies do to learn what works for their campaign?
What should companies do to learn what works for their campaign?
Match each recommendation of new marketing with its description:
Match each recommendation of new marketing with its description:
Match the terms to their definitions:
Match the terms to their definitions:
Companies should hide their marketing goals to avoid giving away their strategies to competitors.
Companies should hide their marketing goals to avoid giving away their strategies to competitors.
Besides the company itself, who else benefits from the marketing approach described?
Besides the company itself, who else benefits from the marketing approach described?
What is a key to success in a startup according to the content?
What is a key to success in a startup according to the content?
Providing a safe and nurturing environment is only necessary for upper management.
Providing a safe and nurturing environment is only necessary for upper management.
Who is the founder and CEO of Startup Professionals?
Who is the founder and CEO of Startup Professionals?
Customers are increasingly favoring __________ over traditional outbound marketing.
Customers are increasingly favoring __________ over traditional outbound marketing.
Match the elements of effective leadership with their descriptions:
Match the elements of effective leadership with their descriptions:
What aspect does an entrepreneur need to adopt for long-term viability?
What aspect does an entrepreneur need to adopt for long-term viability?
Traditional outbound marketing channels are gaining popularity among customers.
Traditional outbound marketing channels are gaining popularity among customers.
What drives the trend towards participative marketing initiatives?
What drives the trend towards participative marketing initiatives?
What is the best analogy for public relations according to Levine?
What is the best analogy for public relations according to Levine?
Most reporters today rely heavily on firsthand investigations rather than sources for stories.
Most reporters today rely heavily on firsthand investigations rather than sources for stories.
How have the readership and viewership of traditional media changed in recent years?
How have the readership and viewership of traditional media changed in recent years?
Public relations involves 'gift-wrapping' information about politicians, TV stars, and even _____ products.
Public relations involves 'gift-wrapping' information about politicians, TV stars, and even _____ products.
Match the following terms with their meanings:
Match the following terms with their meanings:
What do proponents of the Keystone XL Pipeline claim?
What do proponents of the Keystone XL Pipeline claim?
All sources providing information to journalists have good agendas.
All sources providing information to journalists have good agendas.
Journalists must churn out stories _____ than ever due to time constraints.
Journalists must churn out stories _____ than ever due to time constraints.
What attitude do innovators typically have towards failure?
What attitude do innovators typically have towards failure?
Innovators are often viewed as troublemakers in conventional organizations.
Innovators are often viewed as troublemakers in conventional organizations.
What is one key characteristic of an innovator's problem-solving approach?
What is one key characteristic of an innovator's problem-solving approach?
Innovators enjoy enlisting supportive partners to sell their __________.
Innovators enjoy enlisting supportive partners to sell their __________.
Match the following characteristics of innovators with their descriptions:
Match the following characteristics of innovators with their descriptions:
Which of the following traits is NOT typical of an innovator?
Which of the following traits is NOT typical of an innovator?
Innovators tend to have a global view of their solutions.
Innovators tend to have a global view of their solutions.
What is the primary mindset of innovators regarding traditional methods?
What is the primary mindset of innovators regarding traditional methods?
Flashcards
Advertising
Advertising
A paid form of communication where businesses pay for space or time to promote their products or services.
Public Relations (PR)
Public Relations (PR)
A strategic communication process that aims to build positive relationships with the public by earning media coverage and influencing public opinion.
Earned Media
Earned Media
Media coverage earned through news stories, features, and articles that are not paid for.
Paid Media
Paid Media
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PR vs. Advertising: Impact
PR vs. Advertising: Impact
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Public Relations
Public Relations
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Publicist
Publicist
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Spin
Spin
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Propaganda
Propaganda
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Media Relations
Media Relations
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Press Release
Press Release
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Framing
Framing
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Speech Writer
Speech Writer
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Innovation
Innovation
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Mindset
Mindset
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Track Record
Track Record
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Innovators
Innovators
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Culture of Innovation
Culture of Innovation
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Communication Skills
Communication Skills
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Independent Spirit
Independent Spirit
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Persistence
Persistence
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Embracing Failure
Embracing Failure
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Connecting Disparate Ideas
Connecting Disparate Ideas
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Questioning the Status Quo
Questioning the Status Quo
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Embracing Risk and Change
Embracing Risk and Change
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Passionate problem solvers
Passionate problem solvers
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Promoting Innovation
Promoting Innovation
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Enlisting partners
Enlisting partners
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Ignoring Conventional Methods
Ignoring Conventional Methods
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Customer Farming
Customer Farming
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Business Purpose Storyline
Business Purpose Storyline
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Marketing Experiments
Marketing Experiments
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Shared Marketing Goals
Shared Marketing Goals
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Minimum Viable Product (MVP)
Minimum Viable Product (MVP)
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Iteration in Marketing
Iteration in Marketing
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Marketing Partnerships
Marketing Partnerships
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Customer Advocacy
Customer Advocacy
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Shifting Customer Engagement
Shifting Customer Engagement
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Capitalizing on Customer Engagement Trend
Capitalizing on Customer Engagement Trend
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Instant Worldwide Communication
Instant Worldwide Communication
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Longing for Community
Longing for Community
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Influencer Potential
Influencer Potential
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People Leadership
People Leadership
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Safe and Nurturing Environment
Safe and Nurturing Environment
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Mentoring and Collaboration
Mentoring and Collaboration
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Study Notes
Public Relations vs. Advertising
- Advertising is what you pay for; publicity is what you pray for.
- Advertising is paid media; Public Relations is earned media.
- Public relations involves convincing reporters or editors to write a positive story about a brand, issue, candidate, etc.
- Public relations stories appear in the editorial section of media outlets rather than the advertising section.
- Public relations stories have more credibility because they are independently verified by trusted third parties.
- A study from 2014 by Nielsen commissioned by inPowered concluded that PR is nearly 90% more effective than advertising, especially in lifting familiarity with a brand.
- PR is more valuable than advertising, between 10 and 100 times more valuable depending on the measurement and monitoring.
Key Differences Between Advertising and PR
Feature | Advertising | Public Relations |
---|---|---|
Method | Paid | Earned |
Exposure | Builds exposure | Builds trust |
Audience | Skeptical | More trusting |
Placement | Guaranteed | No guarantee, must persuade |
Creative Control | Complete creative control | Media controls the final version |
Media | Primarily Visual | Uses language, potentially visual |
Cost | More expensive | Less expensive |
Message | "Buy this product!" | "This is important!" |
Key Attributes of Innovative People
- Seek a track record of generating impactful ideas and solutions.
- Find people driven by challenges to find real answers.
- Show an ability to integrate disparate elements into a solution.
- Always ask "why" rather than working around a problem.
- Willing to take risks and tolerate many pivots and failures.
- Never afraid to ignore how things have always been done.
- Always positive that they can achieve buy-in on a goal.
- Anxious to enlist supportive partners to sell their solution.
Importance of Innovation in Business
- Innovation is crucial for success in startups and mature businesses.
- Teams need a safe and nurturing environment for employees with leadership qualities.
- Leadership should focus on communication, collaboration, and mentoring.
Modern Marketing Strategies
- Augmented reality marketing: Using AR applications on smartphones to provide information to customers.
- Customer feedback: Encouraging customers to share their feedback often.
- Partnerships: Collaborating with complementary providers.
- Innovative agencies: Partnering with agencies that aren't afraid to take risks.
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Description
Test your knowledge on the differences between public relations and advertising. This quiz explores key features, effectiveness, and credibility of PR in comparison to advertising. Enhance your understanding of how these two fields interact in the marketing communications landscape.