Monday, September 29, 2008

Re: [prpoint] Global Financial Crisis and PR

In these days of transparency,  nothing can be hidden for too long. If you wait for the dust to settle down, you will unnecessarily be giving an opportunity to rumour mongers and speculation. Better inform the stake holders and media up front and explain how best your doing to get over the crisis. This crisis is a global phenomenon and there is no way that we in India can escape.
Cheers
bnk

 
On 29/09/2008, Sanjay Mudnaney <sanjaym@mastek.com> wrote:

Dear All,

 

Recently we have seen a unprecedented global financial crisis . Some of it has even been felt in the Indian markets . Particularly one of our leading banks has felt the heat rightly or wrongly. As a proactive approach the concerned bank did an aggressive PR by appearing on all television channels and speaking to all the publications .

 

Did this approach help ? or did it fan the fears as to why is this one bank going out of its way to communicate that there is no problem ?  if the stock market reaction is to be looked at today the stock may once again test the 52 week lows ! yet if they had not communicated maybe there could be worse reactions .

 

As a PR community what would be our advice to institutions caught in the crossfire of global financial crisis – does one need to proactively communicate or let the dust settle an stay out of the line of fire ?

 

 

Warm Regards,

 

Sanjay Mudnaney

AGM Corporate Communications 

 

Mastek Ltd | Unit 106, SDF-4 Seepz, Andheri, Mumbai, India | (D) 28247745

(T) 91 22 28247745 Extn - 7745 | VOIP: 287 | Mobile: 9821876559 | Fax: 66951331 | www.mastek.com

 

Make a difference by volunteering visit www.indiavolunteerportal.org 

Personal blog  http://brandwarrior.blogspot.com/

 

 

 

 

 

 




--
Regards
BNK
Call:  CDMA: 93210 48332
                    93200 48332
        
========
B N Kumar
President
Concept PR - "Agency of the Year"  award winner from PR Council of India
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