There are several elements to a long-term PR strategy that can focus public perception on a company's positive qualities. Third party endorsements, news, events, and speaking engagements or interviews can all help to provide critical exposure for companies looking to rise above the media hubbub. Here are several reasons that PR matters:

ROI: According to Marketing Sherpa few CEOs understand or appreciate the value of investing in PR. However, it is proven that PR can enhance existing advertising and branding strategies while being a significant sales driver on its own.

Public Opinion: Most people still form their opinions based upon news stories and information they receive during their daily routines. A strong PR campaign helps to raise public awareness and a well-positioned article in mass media can still influence public perception.

Long Term: Public relations work is a long-term strategy. While there are the occasional crisis communications, over the long haul PR is all about molding public perception, building brands, and obtaining third party credibility. Long after an ad campaign has died, the PR campaign lives on.

Credibility: A company that tells its own story through advertising can be second-guessed. A company whose story is told through credible third-party sources appears above reproach. Effective story placement in mass media and positive online exposure provides the kind of credibility that advertising budgets can't buy.

Communication: You can't tell your story in a 30-second TV commercial. But you can in an interview with a journalist, a feature story in a magazine, a blog post, or a newspaper article. The depth of content you can provide through PR helps to build a stronger image of your company in the public's eye.

Speed: Today's media travels at warp speed. The ability to react is now secondary to the ability to be proactive. Getting your story and angle in front of the media instantly requires a strong and effective PR element that has been crafted in advance.