In-House and Cosultancy

Foreward by Prof. Jerry Gana
Preface by Senator J. M. Kuye
Financial Environment
Public Finance
Financial Institutions
Public Relations Concepts
Financial Public Relations
Marketing Concepts
Advertising and Integrated Communication
In-House and Consultancy
Target Publics
Research in PR
Budgeting in PR
Planning in PR
Regulating Financial Information
Getting Started and PR Unit
Basic Functions
Requirement for Media Event
Annual Events
Social Responsibility
Information Technology
Reputation Management
Crises Management
Media of FPR
Corporate Identification
Building Brand
Membership of Professional Bodies
Conduct and Ethical Standards
Appendix NIPR Code
Appendix II: IPR Code
Appendix III: PRSA Code
Appendix IV: IPRA Code
Contributions and Reviews


Until recently, many financial institutions relied more on engaging the services of consultants to handle their public relations and advertisement programmes.  This may not be unconnected with the lack of enough materials/facilities at their disposal.  Such include Audio/Visual equipment and professionals to handle jingles and publicity copies.

            It is quite advisable for a big firm to have its own PR outfit, while smaller organisations who desire such function can patronise consultants.  Sam Black, in his book noted that the quality of public relations service depends on the ability and experience of those providing the service and not whether they are operating from within or outside the organisation.

            It is beneficial for big organisations to encourage their staff to identify the mission and objective of the organisation.  Being members of staff, the officers have unlimited right and access to gather relevant information, which enable them to fraternise easily with all management staff of the departments.  Where necessary, the service of consultants may be effective only in advisory capacity.

            The consultants in finance-related organisations may be those who are well versed in economy and can arrange programmes involving their clients with other organisations. For instance, events involving organisations with multilateral and multinational institutions i.e. IMF, World Bank, etc., as well as organising  public awareness campaigns, seminars and workshops are activities whose scope may be too much for the internal PR Unit to handle. Another need for a consultant is when there may be clashes of events at the same period.

            Many authors in public relations have attempted to show the importance of PR consultancy over the in-house staff. Many of the arguments are lopsided and to serve selfish interest since the contributors are mostly consultants. If that is not the case, how can they claim that the consultancy provides expert, professionals and technical skills to carry out some functions as well as experience to execute these project of which the in-house practitioner could not acquire and excel in the day-to-day running of the office?

            Others like Nnemeka Maduegbuna, Chairman Corporate & Financial in his paper “Achieving Growth and Development of Public Relations Consultancy Practice in Nigeria” writes that external consultants are independent, objective and posses an impartial ability to ask penetrating questions; that they are experienced in other firms with specialist techniques and range of contacts. He even goes ahead to state that their overhead cost is little. These advantages, though tenable, are however not exhaustive as good in-house staff can perform better if they have all the necessary requirement, and facilities to operate.

            Since in-house PR staff know that their progression and remuneration depend on their job, and are responsible for their actions and inaction, they are available for any urgent assignment and in better position to get all the required information needed for any PR programme. In fact, many have come to realise the importance of in-house PR in image projection, due to the belief of the management in their commitment and absolute loyalty to the organisation they represent unlike the consultants whose loyalty, occasionally may be divided and frequently vanish after receiving the fees for their assignments. The only way by which the staff in the organisation can receive the confidence, trust and respect of the management, the media and even the consultants is by rising up to the task and exhibiting the best practice which would enable them ward off the intruders. The consultants can supplement the PR departments by carrying out such tasks as training delivery, advert placements, mailing service, global network, printing works and other related service. 

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