Professional Documents
Culture Documents
on group
2022
assignment
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SUBMITTED TO: ADMAS UNIVERSITY, DEPARTMENT OF
ACCOUNTING AND FINANCE
Communication GROUP ASSIGNMENT
GROUP MEMBERS ID N0
1. Medhane Nega ……………………. 1861/19
2. Nahom Abera ……………………… 0404/21
3. Wondesen Kebede …………….. 0398/21
4. Yehunlet mitiku …………………… 0356/21
5. Kidus Tsegaye ……………………… 0380/21
6. Bamlaku yetayal ………………….. 0403/21
7. Matiyas Terfe ………………………. 0399/21
8. Biruk zerihun ……………………….. 0347/21
9. Rahel samuel ……………………….. 1541/21
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Table of Contents
Introduction.................................................................................................................................4
Difference Between Public Relations (PR) and Marketing...........................................................5
Comparison Chart........................................................................................................................6
Definition of Marketing................................................................................................................6
Definition of Public Relations.......................................................................................................7
BasicDifferences Between Public Relation and Marketing..........................................................7
Tools in common......................................................................................................................8
Demographics and goals..........................................................................................................8
Departmental collaboration....................................................................................................8
Business Reports vs. Business Letters..........................................................................................9
What is the Purpose of a Business Report?...............................................................................10
The Purposes of a Business Letter.............................................................................................12
Components of a Business Letter..............................................................................................13
Differences between Business Letter and other Letters......................................................15
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Introduction
Nowadays, people find it hard to distinguish marketing from public relation (PR), due to
the emergence of social media, which filled the gap amidst these two. However, they are
two different concepts.
Marketing is a management process, which is concerned with the buying and selling of
products and services, which includes all the activities that involve the movement of
product from concept to the customer. Product designing, warehousing, packaging,
transportation, delivering, advertising, branding, selling, pricing, etc. are all part of
marketing activities. In short, Marketing is everything a company does to gain and retain
customers, on the other hand Public Relations is defined as an act of managing the
dissemination of information amidst the company and the general public. It is a process,
where an organization gains exposure to the audience through third party endorsements,
wherein news or other topics of public interest are used to share organization’s positive
stories. Examples include newsletters, press conferences, featured stories, speeches,
public appearances and similar other forms of non-paid communication.
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Difference Between Public Relations (PR) and Marketing
Nowadays, people find it hard to distinguish marketing from public relation (PR), due to
the emergence of social media, which filled the gap amidst these two. However, they are
two different concepts.
Marketing is a business activity that aims at promoting, advertising and selling company’s
products and services. On the other hand, public relations or commonly called as PR is a
communication process; wherein the company seeks to build such a relationship between the
company and the general public, which is mutually beneficial for them.
While marketing is mainly concerned with the promotion and sales of the product, Public
Relations (PR) is intended to create and manage a favorable image of the company amongst the
public.
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Comparison Chart
Definition of Marketing
Marketing is a management process, which is concerned with the buying and selling of
products and services, which includes all the activities that involve the movement of
product from concept to the customer. Product designing, warehousing, packaging,
transportation, delivering, advertising, branding, selling, pricing, etc. are all part of
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marketing activities. In short, Marketing is everything a company does to gain and retain
customers.
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Marketing aims at converting shoppers into buyers, i.e. to create sales. On
the contrary, public relation aims at building trust and maintaining
company’s reputation.
While PR and marketing use different tools to achieve their goals, they also share
some common tools. Social media provides PR departments with a platform to
broadcast their brand's personality, values, and identity. Similarly, marketers
benefit from social media's ability to advertise specific promotional activity,
product launches, and partnerships. Often, one corporate social media account
promotes both PR and marketing initiatives.
Both PR and marketing may use print media, but in different ways. PR
departments may organize for articles to be written about the company they work
for or their representatives to be interviewed to raise awareness of the company.
Marketers, conversely, may place advertisements in magazines or newspapers for
specific products, often with pricing information. Corporate sponsorships also help
to align brands with reputable celebrities, events, or products, benefiting both
approval and sales.
While PR and marketing aim to influence the public in different ways, to take
action versus to build relationships, they also share a similar scope of
demographic. PR aims to increase approval among the public, but it also focuses
on particular demographics like marketers do. Every company has a demographic
with which they aim to succeed. For instance, if you work in PR or marketing for a
women's fashion brand, you likely have a very specific demographic based on age,
gender, and socioeconomic factors. This demographic represents the most
important group of people with which to increase approval and sales.
Departmental collaboration
Another element that these two different yet similar departments have in common
is that they both work in tandem. You can't effectively do PR without marketing in
the process, and so you can't market a product without maintaining a positive
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image to the public. For larger companies, these may be separate departments
who work closely to align their goals of promoting the brand as a whole, and the
brand's specific sales activity. Smaller companies may have marketing
departments who aim to develop positive public relations as part of their activity.
Purpose
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Genre
Because a business report and a business letter are two different genres,
different content and formatting rules govern each. While both a business
report and letter should be written clearly and as to-the-point as possible,
a business letter should rarely extend beyond a page. However, business
reports are often several pages long, comprised of appendices, charts,
graphs and photos in addition to text. Further, letters are generally used
when a person has a specific issue to communicate. Reports, on the other
hand, may be used in conjunction with making a specific decision, but
they may also be compiled simply to share information about a project.
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Audience
Format
Business letter and report formats change based on the type of letter or
format that you are writing. However, letter and report formats are
significantly different from one another. Business letter format begins
with an address, salutation and the name of the addressee. The body of
the letter is usually written in block format with all items flush left. The
letter is short -- sometimes only a paragraph, but generally never longer
than a page -- and it ends with a closing, signature and the sender's typed
name. Most business reports begin with a title page and an abstract or
summary. Information is then divided and organized by subheadings. For
example, if you are writing a report on a recent program launch, you might
have the following sections: overview, participants, successes, challenges
and implications. Often, reports end with a conclusion that discusses the
implications of the findings or information.
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A business report is an evaluation of a particular issue, set of circumstances, or
financial operations that relate to the performance of a business. Its main
purpose is to communicate relevant information succinctly and efficiently. It is
often written in response to an executive of the company, and often takes the
form of a memo with the report attached.
The Format of a Business Report
A business report is written in an abbreviated style that allows the reader to
navigate the report quickly, and identify key elements. It makes use of headings,
sub-headings, bullet points, diagrams and tables, to communicate the relevant
information. Business reports can range from brief one-or-two page reports, to
reports of a hundred pages or more. However, any business report that you are
asked to write for assignment purposes will probably run around four or five
pages. It will usually include the following five elements:
Table of Contents
The table of contents should be arranged according to the headings and
subheadings of your report (University of Newcastle, 2016). NOTE: the title of
each part below also indicates what % of your word count should be dedicated to
each section.
Executive Summary (10% of word count)
• Briefly state the purpose of the report.
• Briefly describe the methodology used to investigate the issue (for example, you
may have conducted interviews, circulated a questionnaire, or carried out
independent research).
• List the key points and findings found in the report.
Body (40% of word count)
• Provide details of the evaluation process.
• Describe in detail the methodology used to investigate the issue.
• Identify particular issues that impacted the evaluation.
• Include any relevant tables and/or diagrams.
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Key Findings/Recommendations (40% of word count)
• Identify and discuss/describe the key findings.
• Make your recommendations.
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Establishment of Relationship: Another important purpose of business letter is,
it helps to establish mutual relationship with the customers, suppliers and with
the other interested parties.
Evidence: Business letters are also used to maintain documentary evidence.
Letters can be preserved for future reference.
To Inquire: A business concern not only sends messages but also receive
information from the outside. To run the business any firm need different types
of information from outside. Through business letters firms can inquire regarding
necessary matters.
Placing Order: It is a very common purpose for using business letter. Both
trading and manufacturing concerns need to place orders for finished goods or
raw-materials to run the business.
Problem Solving: In the course of business, disputes and misunderstanding may
arise. Business letters play vital role in solving such misunderstandings.
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5. Attention line: Attention line is placed below the attention time and above the
salutations and is underlined. It indicates the name of those for whom the letter is
meant.
6. Salutation: Salutation means to greet the addressee. It is the complementary
greeting with which the writer begins his letter. it is written below the inside
address or attention line leaving some space. It starts from the left side margin. It
may or may not end with comma depending upon the style of the letter.
7. Subject line: Subject line tells what the correspondence is about. It is placed just
below the salutation line. It usually begins at the left margin and may also begin
from the center. It may contain apart from the subject any specific identification
material i.e. date of previous letter, invoice number etc.
8. Body of the letter: It is that part of the letter which contains the message to be
converged. It is the most important part of the letter and usually consists of three
to four paragraphs.
1. The first (or the opening paragraph) begins the letter and builds up a
relationship with the reader.
2. The second paragraph contains the proper subject matter. It is the main
paragraph of the letter.
3. The third paragraph is an extension of the second paragraph.
4. The fourth (or the closing paragraph) brings the letter to an end. It must
be natural and logical must be final and complete.
5. Closing with an important statement, a question, an offer or a request
leaves the door open for further communication.
9. Formal Close: It is also known as subscription. It is merely a polite way of ending
a letter. It is written below the last paragraph of the body of the letter, either at
the left side or at the right side, depending on the style of letter. The subscription
should be corresponding to the salutation.
10. Signature block/slot: Signature is the assent of the writer to the subject matter
of the letter and is a practical necessity. It is usually hand written and contains the
writers name, status, department, firm etc. Signature is put just below the
complementary close.
11. Enclosures: Sometimes some documents like price list catalogue etc are attached
with the letter. Enclosure mentions the documents which are enclosed or
attached with the letter. The enclosures usually find their place at the bottom left
margin.
12. Postscript: It is commonly known as is something written after the letter is
closed. It is usually done when the writer forgets to put in some information or
message in the main part. It should be very precise and to the point.
13. ‘CC’ or Carbon Copy notation: When copies of the letter are meant to be sent
to more than one person it is mentioned under “CC” or carbon copy notation.
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14. Reference initial: When typed initials are put it refers to reference initials. These
are useful for office checking. They are typed adjacent to the left margin.
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