Survey: Election of President Trump Will Not Affect Comms Budgets
Editor’s Note: We collaborated with our colleagues at PRWeek and other Haymarket Media brands on this survey. Our particular interest was what impact the new administration would have on marketing tech budgets. The answer seems to be: Not much.
Read the full story below.
NEW YORK: Client-side communicators and marketers surveyed by PRWeek, Campaign US, MM&M, and DMN say the election of Donald Trump as President will not have a significant impact on their 2017 budgeting.
Almost one in three (31.6%) clients say they intend to increase their comms budgets this year, but 60.6% of respondents say President Trump was not a significant factor in that decision. Only about 22% said his election was “significant” or “very significant” from a budgeting point of view.
Marketing budgets follow a similar trend: 39.7% of respondents report a planned boost in their marketing budget, but 61.8% say the newly installed President had no bearing on the decision.
While Trump continues to use Twitter as a blunt instrument to broadcast grievances against corporations he disagrees with, or praise those he approves of, 53.1% of respondents say their current crisis response playbook is sufficient to deal with unwanted attention from the President or his team.
A comment left by one respondent said the complex media environment was the real driver in enhancing reputation management speed, not whoever sits in the Oval Office:
“The changing dynamic of media engagement — conflict between traditional media and digital platforms of all political and ideological persuasions — is the real driver behind the necessity for more diligence in monitoring, protecting, and preserving one’s reputation.”
Many comments left by respondents highlighted specific factors for their business or industry sector. One person said their biggest concern centered around net neutrality, not Trump.
Another noted how “the American manufacturing industry seems to be ramping up”:
“Trump’s plan to reduce corporate income taxes and give incentives to companies to bring foreign profits back into the USA will have a substantial positive effect on our business and marketing efforts.”
Still, the new President’s raw take on organizations raises concerns for some executives – 17.5% of respondents say they have made special preparations to protect brand or corporate reputation in the event of unwanted publicity.
For example, CNN reports some West Coast tech companies and their PR partners are scheduling for people to be up at 3:00am in the morning local time to react to a possible Trump tweet. One respondent named monitoring as their biggest change, having changed monitoring terms to include “Trump” and other public policy terms relevant to their business.
Another survey respondent said they cancelled a major expansion of their TV studio as a result of the election: “PR is tied very closely to the economy, and Trump makes everything unstable.”
Another respondent said: “We are basically in crisis management mode already because of the erratic behavior of the Trump administration.”
A total of 727 respondents participated in the online survey, which was carried out between January 21 and January 25. The sample included marketing and communications leaders from the latest Fortune 1000 list.
PRWeek, Campaign US, MM&M, and DMN are owned by Haymarket Media Group.