Friday, March 14, 2008

Does Recession-Proof PR Exist?

In a recent op-ed for The Bulldog Reporter, GolinHarris CEO Al Golin takes a turn at the microphone in the debate over the impact the current economic downturn will have on public relations.


In the article, Golin maintains that much has changed in the PR landscape in recent years. As a result of what he terms PR's "coming of age," Golin says businesses understand much more about what PR firms do for them and how important they are to their success. He goes on to say that PR can now make a good case about its necessity and has gone beyond merely an industry specializing in getting clients ink to one that includes firms that are valued business partners.


As proof of the change, Golin sites the growth of his own firm, which he maintains had a banner year last year. While I don't think Golin would have a reason to overstate his firm's state, that stat was impossible to verify since GolinHarris is part of the Interpublic Group, which doesn't readily make available stats on its various subsidiaries.


Overall, I think articles such as this perfectly illustrate the wide disconnect between large and small firms. Large firms, as is the case with large companies in many other industries, often enjoy many benefits by virtue of their size. Chief among them is the fact that large businesses often patronize businesses of their same size; so Golin Harris has a number of large, publicly-held clients as companies. I suspect an examination of smaller, independently-held firms would yield a much different picture since competition is even more fierce at that level.


If there are any owners/managers of mid-size or small independent shops, I'd love to hear your comments on this issue. Is Golin's enthusiasm overstated?

1 comment:

Unknown said...

Cyrus, thanks for noting the op-ed by Al Golin on whether PR will be recession proof. Please note that this article appeared in Bulldog Reporter's Daily 'Dog, one of many information services, including newsletters, directories and audio conferences, that appear under the Bulldog Reporter brand. Keep up the great commentary. Best,
Jim Sinkinson
Publisher, Bulldog Reporter