Be wise B4 Uniting
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| Agreeging to partnership |
As public relations practitioner it is important to consider the following factors before you can merge with other companies:
Portfolio transfer, financial, human implication, the reputation of the company and cultural difference. An
advantage of merging is to increase business sales and bring along customer base. Merging is a way of encouraging growth, open to new channels and markets, for example
if you own XYZ clothing company it would be wise to merge with a manufacturing company because this will strengthen a part of your company that is weak. Merging arises opportunities such as having a platform to introduce a new product on the market.
Consider This!
I personally believe that merging is good for business and again it is not easy. Values should be considered when merging; if your values are not aligned with the other company then you cannot achieve the same goal.
Keep lines of communication open so that employees may be able to come forth with issues they facing. Companies merge because it is a good investment and it will grow the business.
*Image referenced from google.com/images
*Video referenced from youtube.com
http://entrepreneurs.about.com/od/generalresources/g/merger.htm
I agree with you Refilwe...It is wise for companies to merge with other organizations for networking and also to build a good relationship them and it will be good for the company's image.
ReplyDeleteTrue,we moving from competition to corporation.
DeleteI think it’s a good idea that you thought about blogging about the things that public relations practitioners should know because I for one will be a future PRP and I did not know most of the things here hey, so thank you for the info.
ReplyDeleteYou very much welcome Nyiko.
DeleteYes! AS PRP's we need to be alert about things that will benefit our compnies.
ReplyDeleteI agree with you REFILWE.Public relation need to build relationship with other brand as this will create brand awareness and also create preference.building relationship with other companies is a way of makerting brand and youself as PRRR!
ReplyDeletei Agree with you Price
Deleteits a very nice BLOG mem,,as IFA we really need to do as you say since it also contribute in building positive reputation to a certain organisation.
ReplyDeleteThank you sir...you are certainly correct
DeleteNotes should be taken from this blog, 2014 we will be working and this will help a lot. thanx. :)
ReplyDeleteThank you, i really felt that as PRP's it is important that we know about such.
DeleteMerging is good business and yes, I have to agree with you that when businesses merge,employees need and wants should be considered. This because with unhappy employees organisations cannot go forward towards succes.
ReplyDeleteTrue!
DeleteCompany mergers have always been good for business, its an organisational trend that has changed they way people do business. It also provides employees with great opportunities to grow their careers and it serves as a great platform for new strategies.
ReplyDeleteYeah! that's true.
DeleteThis takes us back to organisational trends of the 21st century , where organisations move from competion to corporation,thus this help us grow.
ReplyDeleteYou got that on piont! and that is very good for business.
DeleteAnd it improves the service offered to the public.
ReplyDeletemerging with other companies is an advantage to a company .if we collabarate and share skills with other companies as this implements growth and succes in a company.
ReplyDeleteIt Increases brand awareness
Deleteit is good for copanies to merge because for business to grow grow and be successful depend on the relationship they have with other companies.
ReplyDeleteAnd Values!
DeleteIt is a smart PR move for companies to merge because it add on the return on investments as well
ReplyDeleteYeah, however you cannot guarantee the ROI!
DeletePR organisations must cultivate long lasting relationships with their stakeholders in order for them to succeed..
ReplyDeleteTrue!
Deletei totally agree with you, as a PRP one need to learn to work with other people because no person or organisation is an island, we all need to work with eachother to make things happen for ourselves or our organisations. organisational merging brings about great and bigger things for both parties.
ReplyDeleteAnd it also hepls organisations better their sevrice to the customers.
ReplyDeleteother organisations have forgotten the role of PRPs. it is the duty of a PRP to build relationships with other organistions because we need each other to survive. organisation merging is helping both parties to grow and to network with other bands.
ReplyDeleteNetworking strengthens the part of the company that is weak.
DeletePRP's must interact and work with other people because no organisation exists on a vacuum.Day to day interactions and cultivations of relationships with stakeholders is essential in the practise of Pr.
ReplyDeleteRefilwe what a good blog hun, this will help us as public relations and communication students to consider merging when we in the work place. Thank you
ReplyDeleteYou are very much welcome!
DeleteI agree with you Refilwe, merging will stregthens the weak parts of a company thus increasing sales. Nice blog
ReplyDeleteThank you so much
DeleteVery informative. I got fascinated when I saw the portfolio transfer part. Perhaps some of our people might not have a concrete information on the content of PR portfolio. Well Im willing to share a brief guidelines of the PR portfolio. Follow the link http://prfreshlyminds.blogspot.com/2013/08/what-should-be-included-in-pr-portfolio.html
ReplyDeleteNice one Sir.
DeleteGreat angle! As you have already mentioned growth of business, well growth mergers can give the acquiring company an opportunity to grow market share as well. which will turn to benefit the business.
ReplyDeleteTrue.
Deletein addition to what has already been said, i think it's very important for PR people to understand that most companies have no room for individual brilliance, hence it is of huge importance that they learn to function in a team effectively
ReplyDeleteI agree with you on that one.
Deleteawesome blog fifi very informative
ReplyDeleteIt is good business and image building to merge with different organisations as this will benefit in growth and organisations will be interdependent on each other as open systems
ReplyDeleteMoving from competition to corporation.
Deleteyup, building corporations with other firms is absoulutely a good idea...i like this Fifi
ReplyDeleteI like it too. Thank you.
Deletegreat read informative
ReplyDelete