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What are the basic principles of public relations?

11/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The basic principles of public relations (PR) refer to the fundamental concepts and approaches that should be considered when designing and implementing PR strategies and activities. Here are some of the most important basic principles of PR:

Public Orientation:

PR is based on the understanding that organizations should focus on different audiences or "publics," such as customers, media, employees, investors, and the general public. PR activities should be designed to build and maintain positive relationships and communications with these audiences.

Open and honest communication: transparency and openness are key principles in PR. It is important to communicate honestly and authentically in order to gain the trust of target audiences and remain credible.

Targeted messages: PR involves developing clear and targeted messages that convey an organization's desired information, values and goals. The messages should be tailored to the needs and interests of the specific target audiences.

Media Relations: Maintaining good relationships with the media is another important principle of PR. By building relationships with journalists and other media outlets, an organization can achieve greater reach and visibility of its messages.

Crisis communication: Another principle of PR is effective crisis communication. It is important to be prepared for crises or negative events and to respond appropriately and in a timely manner to protect an organization's reputation and standing.

Long-term perspective: PR should be focused on a long-term perspective to build and maintain relationships with target audiences. It's about building long-term trust and positive perceptions of an organization, rather than just focusing on short-term gains.

These basic principles form the foundation for effective PR and help organizations improve their relationships with various audiences, protect their reputation and promote their image.

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What is the difference between internal and external public relations?

11/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Internal public relations (PR) and external public relations refer to different aspects of an organization's or company's communications.

Internal public relations refer to the communication and management of relationships between a company and its internal stakeholders, particularly employees. The focus is on informing employees about the company's goals, values, activities, and changes, and ensuring that they have a positive attitude toward the organization. Internal PR activities include providing information on company news, training, employee communications, and promoting a positive corporate culture. The goal is to foster a shared understanding and commitment of employees to the company.

External public relations, on the other hand, refers to the communication and management of relationships between an organization and its external audiences, such as customers, investors, the media, governments, and the public in general. External PR aims to improve the organization's public image and reputation, build and maintain a positive relationship with customers, gain the trust of investors, cultivate media relationships, and promote a positive perception in society. External PR activities include media relations, press releases, crisis communications, events, sponsorships, social media management, and other activities to strengthen relationships with external stakeholders.

Overall, both internal and external PR serve to enhance an organization's reputation and standing by facilitating positive communication and interaction with relevant audiences. Internal PR focuses on communication within the organization, while external PR focuses on communication with external parties. Both aspects are important and closely linked in shaping and maintaining the overall image of an organization.

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Personnel development and further training in young companies: investing in success

11/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In young companies, especially start-ups, staff development and training can easily be overlooked when the focus is on rapid growth and product development. Yet these aspects are crucial to building a talented and committed team and ensuring long-term success. In this article, we will shed light on the importance of staff development and training in young companies.

Why is staff development important?

Technical expertise: Continuous development of employees' technical skills enables a company to keep pace with the latest trends and technologies.

Motivation and employee retention: Investing in employee development shows that the company is interested in their success. This can increase employee retention and motivation.

Leadership development: Identifying and developing leadership talent within the organisation is critical to securing the future leadership pipeline.

Innovation power: Through training and development programmes, employees can develop new ideas and innovative approaches that benefit the company.

Successful personnel development steps:

Needs analysis: Determine the individual development needs of your employees. This can be determined through interviews, performance appraisals and feedback.Clear development goals: Set clear goals for employee development. These goals should be specific, measurable, achievable, relevant and time-bound (SMART goals).

Training and development programmes: Offer training and development programmes that are aligned with employees' individual development goals.

Mentoring and coaching: Promote mentoring and coaching programmes to pass on experience and knowledge within the company.

Evaluation and feedback: Regular progress reviews and feedback sessions are crucial to ensure that employee development is on track.

Further training in young companies:

Access to resources: Make sure your employees have access to educational resources such as online courses, specialised literature and training courses.

Time for training: Allow employees to schedule time for training activities and encourage them to acquire new skills and knowledge.

Promote a learning culture: Create a corporate culture that supports lifelong learning and continuous development.

Measurable results: Make sure that the training outcomes can be measured. This can be done through tests, projects or the application of what has been learnt in day-to-day work.

Employee involvement: Ask employees for feedback on training to ensure that the programmes meet their needs.

Personnel development and training are not one-off events, but continuous processes. However, in young companies, they are critical to empowering employees to drive the business forward and meet ever-changing challenges. Investing in the development of your employees is a step towards long-term success and competitiveness on the market.

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The art of starting a business: From idea to success

11/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Starting a business is an exciting adventure that appeals to many people. But the road from initial idea to success is often rocky and full of challenges. In this article, we take a look at the art of starting a business and how to go from a visionary idea to a thriving business.

The Idea: The Starting Point

Everything starts with an idea. It can come from personal experiences, passions or gaps in the market. However, a good idea is not enough. It must also be tested for its feasibility and marketability. Thorough market research is essential to determine if there is demand for the product or service.

The business plan: The blueprint for success

Once the idea is solid, it is time to create a business plan. This not only serves as a guide for the business, but is also an important document for potential investors and partners. The business plan should include a clear vision, goals, market analysis, marketing strategies and financial projections.

Funding: raising capital

One of the biggest hurdles for budding entrepreneurs is raising capital. This can be achieved through personal savings, loans, investors or crowdfunding. The choice of funding source depends on the type of business and individual circumstances. It is important to make realistic financial projections and consider all costs, including current expenses and salaries.

The legal form: choosing the right business model

Choosing the right legal form for the business is crucial. Whether sole proprietorship, limited liability company or public limited company, each has its own advantages and disadvantages in terms of liability, taxes and administration. It is advisable to seek advice from a professional in good time to find the best option.

The implementation: From plan to reality

With a solid business plan and sufficient funding, it is time to turn the idea into reality. This requires careful planning, hiring skilled staff, sourcing resources and developing products or services. The process often requires adjustments and flexibility to meet changing market conditions.

Marketing: Attracting customers

A successful business cannot thrive without an effective marketing strategy. This includes identifying the target audience, developing a strong brand identity and choosing the right marketing channels. Social media, content marketing and traditional advertising are just a few of the ways to build awareness and attract customers.

Scaling up: from start-up to established company

Once the business is successfully launched, the next challenge is scaling. This means expanding the business and entering new markets. This often requires additional capital and a smart business strategy. Preserving the company's culture and values is just as important as growth itself.

Perseverance: The Key to Success

The art of starting a business requires perseverance and determination. There will be setbacks and challenges, but successful entrepreneurs don't give up. They learn from their mistakes, adapt to new developments and stay true to their vision

In the world of starting a business, there are no guarantees of success, but the right planning, perseverance and passion can greatly increase the odds. The art of starting a business is an exciting journey that rewards those who are willing to take on the adventure. Those who want to go from idea to success should be guided by their vision and always look forward, because the world is waiting for the next innovative entrepreneurs who will change it.

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Advertising on LinkedIn: How to advertise successfully

11/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's digital era, LinkedIn has become one of the most important platforms for professional networking and business communication. But LinkedIn is not just a place to expand your professional network. It is also a highly effective platform for advertising and marketing. In this article, we take a look at how you can successfully advertise on LinkedIn.

1. Target group definition is key

The first step to a successful LinkedIn advertising campaign is to accurately define your target audience. LinkedIn offers a variety of targeting options, including job title, industry, location, company size and more. The more specific you are in defining your audience, the more effective your advertising will be.

2. Create engaging ads

Your ads need to be engaging and relevant to your target audience. Use professional images and concise copy that clearly communicates your offer. Make sure your ads highlight the benefits of your products or services

3. Take advantage of LinkedIn's ad formats

LinkedIn offers several ad formats, including Sponsored Content, Sponsored InMail, Display Ads and more. Choose the format that best suits your goal and audience. For example, Sponsored Content ads work well to promote your content, while Sponsored InMail can be used for direct messaging to potential customers.

4. Go for storytelling

Stories are a powerful tool in marketing. Use LinkedIn to tell your company story. Explain how your product or service solves your customers' problems. Show success stories of customers or employees. A well-told story can create a deep emotional connection to your brand.

5. Test and optimise

Successful LinkedIn advertising often requires some experimentation. Test different ads, audiences and budgets to see what works best. Use LinkedIn's analytics tools to track the success of your campaigns, and optimise them regularly.

6. Budgeting and bidding strategies

Set a realistic budget for your LinkedIn advertising campaigns. LinkedIn offers several bidding strategies, including CPC (Cost Per Click), CPM (Cost Per Mille) and CPA (Cost Per Acquisition). Choose the strategy that best suits your goals.

7. Run A/B tests

A/B testing is an effective way to find out which ad variations perform best. For example, vary headlines, images or call-to-action buttons and analyse which version gets the best results

8. Continuous improvement

Successful LinkedIn advertising requires patience and continuous optimisation. Monitor your campaigns carefully, analyse the results and adjust your strategy accordingly.

Overall, LinkedIn offers a powerful platform for advertising in the professional environment. By accurately defining your target audience, creating engaging ads and continuously optimising your campaigns, you can successfully advertise on LinkedIn and reach your business goals.

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