PRfirm

download PRfirm

of 10

Transcript of PRfirm

  • 8/12/2019 PRfirm

    1/10

    PublicRelation Firm

    Group Members : -

    Rohit Mehlan

    Nitin Jha

    Kushagra Sinha

    Abhishek Kumar

    Saurav Kumar

  • 8/12/2019 PRfirm

    2/10

    Business Model Canvas

    -Huge Market in

    29 States

    -Party Workers

    -Social Welfare

    Organizations

    -Celebrities in

    Bollywood

    -Market

    Research Firms

    -Market

    Research

    -Promotion

    Campaign

    -Taking Care of

    the Political

    Campaign

    -Local issuesgiven priority

    - Personal

    Assistance-Politicians at

    Local &

    National Level

    -Personalised or

    Direct

    -Core Services Provided

    - Licensing or Franchising (later)

    -Human

    Resource

    - Technology

    - B I

    IT - 10 %

    BI - 10 %

    Employee - 60 %

    Branding5 %

    Infrastructure10%

    Reserve

    5 %

  • 8/12/2019 PRfirm

    3/10

    Risk Associated

    FinancialHigher Data Procurement, Market

    Research & Event Management Cost.

    TechnologicalTechnologies getting absolute &

    data security risk.

    PeopleData theft, employee poaching and

    sudden shortage of skilled work force.

    Operational

    Bad publicity, lack of innovativestrategies and poor handling of sensitive issues

  • 8/12/2019 PRfirm

    4/10

    ManConfidentiality & lack of skill

    MachineIT infrastructure

    Measurement

    Filtration of authentic data MethodSkilled labour, similar approaches

    Material - Authenticity of data

    Mother Nature

    Natural Disaster

  • 8/12/2019 PRfirm

    5/10

    SWOT

    StrengthPalatable Truth, Authentic Data,

    Influential Personality

    WeaknessDifficult to operate at large scale

    OpportunityContent creation through social

    media & use of business intelligence.

    Threat

    Lack of quick adaptation andfiltration of authentic data.

  • 8/12/2019 PRfirm

    6/10

    Risk RegisterRisk Type Priority Impact Mitigation Review

    Frequency

    Cost

    Obsolete

    analysis

    system

    Tech High to

    Medium

    Up

    gradation

    Periodical

    Data Theft People High Security Constant

    Campaign

    Backfire

    Operation High Move plan

    B

    Constant

    Employee

    Poaching

    People High to

    Medium

    Limited

    Access to

    info.

    Constant

    Higher

    cost of

    campaign

    Operation

    al &

    financial

    Medium Reserve

    amount

    Quarterly

    Market

    research

    cost

    Financial Medium Fund for

    data from

    third party

    Quarterly

  • 8/12/2019 PRfirm

    7/10

    Risk Type Priority Impact Mitigation Review

    Frequency

    Cost

    Authentici

    ty of Data

    Operation High Credible

    data

    collectionsources

    Constant

    Competiti

    ve Firms

    Business Medium Maintaini

    ng High

    Standards

    Quarterly

    RevenueStream

    Financial High Diversification

    Yearly

  • 8/12/2019 PRfirm

    8/10

    BCP/Mitigation Plan

    Campaign backfiring

    Test any plan within afocused group before launching. Have a Plan B inplace to counter the anti party. Flood the mediawith positive reviews of the candidate and have a

    contingency plan in place. Data theftSecuritization of confidential data

    across all levels in organization. Firewalls on thesystem to prevent duplication of data.

    Employee poaching

    Have stringent clausesagainst anti organizational activities in joiningdocuments.

  • 8/12/2019 PRfirm

    9/10

    High Campaign cost : The fixed costs for public

    gatherings will vary from place to place hence

    a surplus pool needs to be in place for public

    meetings at prominent locations.

    Authenticity of data : Data procured from

    various agencies need to be authentic for

    proper findings hence it should be boughtfrom leading MR firms.

  • 8/12/2019 PRfirm

    10/10

    Use of Technology

    Installations of high end firewall and securitysystem is one of the core part of ouroperations hence it will be one the most

    prioritized activity. Top end MR software is the need of the hour

    for us as we will align the campaigns based onthe analysis of the data.

    We will tie up with VFX firms to buildanimated campaigns for digital platforms.