There was a great Entrepreneurial Tightrope column yesterday on USAToday.com by Gladys Edmunds.
It was in response to a business owner who asked if cutting her marketing/PR budget was a good or bad strategy to cope with shrinking budget resources. This question is undoubtedly on the minds of many professionals and business owners in these difficult economic times. And, many have already made the tough choice to reduce marketing and communications budgets, along with a number of other business expenses.
Ms. Edmunds took a pragmatic and logical approach in her response, cautioning the reader not to make a hasty, ill-informed decision she might later regret. Her argument boiled down to the following:
“If reducing your budget is necessary for the life of your business, that’s understandable. However, you must continue to be as visible to the public as possible…public relations, marketing and advertising are the things that keep you and your business in the public view.”
Certainly, in some cases, cutting marketing dollars is unavoidable. However, an efficient, cost-effective ongoing communications program designed to maintain company brand visibility among customers, influencers and the media can go a long way to optimizing an organization’s position for continued growth once the economic climate improves.
In other words, be careful not to cut off your nose to spite your face.
If you’re a marketing/PR professional or executive at a tech or consumer organization, I strongly encourage you to read the column.
And, be sure to let us know what you think.
Geo2


