What is the difference between corporate and B2B PR and why you need a blend of both
Lis Anderson - The Ambitious Consultancy Limited
The PR landscape is as deep as it is broad, with numerous specialities existing within a broad spectrum of approaches, methodologies and strategies. This often makes it difficult for businesses looking to appoint an agency partner, and appointing the best agency for your business is something you have to get right.
Media coverage, press releases, social media strategy, and marketing communications are all the same regardless of sector, right?
In an industry riddled with acronyms, from the outside looking in, it can be all too easy to assume all PR is the same.
This guide explores the key differences between corporate PR and B2B PR, helping you determine which approach aligns best with your business objectives.
The foundation: what all PR aims to achieve
At its core, all public relations work shares a fundamental goal: to develop and maintain a positive brand image and reputation with target audiences. A positive brand image is critical for success in today's competitive market.
Whether it's B2B, B2C, corporate or otherwise, all PR serves to create this foundation for trust, credibility, and long-term business success.
But the strategies and tactics start to diverge beyond this, especially when we start to consider your target audience, what your specific business goals are and how these two questions shape the plans to engage with your public. Effective communication is crucial for any corporation to succeed, including creating and maintaining relationships with stakeholders.
This is where understanding the difference between terms like corporate and B2B helps.
What is corporate PR
The Chartered Institute of Public Relations (CIPR) defines corporate PR as: "The discipline which looks after reputation, to earn understanding and support and influence opinion and behaviour. It's the planned and sustained effort to establish and maintain goodwill and mutual understanding between an organisation and its public."
Corporate PR includes the broader discipline of promoting, positioning, and protecting a company's overall reputation by communicating its central purpose and values. This includes managing the corporation's reputation by monitoring media coverage, overall presence on- and offline, and responding to negative publicity.
Client-side, corporate PR programmes typically fall under the remit of CEOs, COOs or directors of PR or corporate communications. In these instances, we would typically be working closely with one or more C-suite leaders within your organisation.
Defining B2B PR
Unlike corporate PR, B2B PR aims to support sales and marketing efforts by generating leads and promoting specific products or services.
While corporate PR typically casts a wide net, B2B PR targets specific sectors and decision-makers in industries to fuel business growth. Client-side, B2B programmes are generally overseen by marketing directors, working closely with communications directors, product and digital marketing teams.
These functions might be separated, or they may be integrated under a single communications department or team. Or an organisation could appoint an agency and have that agency fill the knowledge and skills gaps that exist within the business.
Corporate vs B2B briefs: how do they differ?
Corporate PR briefs often include:
Crisis management: where we would support you through reputation-threatening situations or monitor emerging issues before they escalate.
Employer branding: leveraging a combination of creative and strategic insights that highlight company culture and employment benefits to attract talent.
Change management: communications support during leadership transitions, mergers, acquisitions, or company purpose shifts. This is different to crisis communication, though they can bleed into one another in unique circumstances.
Corporate social responsibility: demonstrating commitment to societal well-being and environmental sustainability through concerted communications efforts. We have an entire division dedicated to this!
Personal PR: some instances of corporate PR may require PR activity around C-suite individuals to build up their individual brand reputations, which in turn enhances the overall corporate reputation. Crisis communication is essential to managing a company's reputation during adverse situations.
B2B PR briefs typically cover:
Industry voice amplification: we would look to expand your share of voice (SoV) through trade-sector media relations. This is a long-term strategy; there are no quick wins here!
Product launches: creating awareness and generating interest for new services and offerings. This is something we could achieve through a combination of media relations and owned content, such as blogs, social media and content creation.
Thought leadership: an offshoot of content creation. Thought leadership threads bolster your market position by establishing your leaders as the experts in their field.
Lead generation: this can be a common KPI factor in B2B briefs, but is important to see this as an outcome, or an outtake rather than a tactical input.
Blending corporate and B2B PR
While we've distinguished between these two approaches for the sake of clarity, in our experience, most effective PR programs incorporate elements of both.
Why?
Because a strong corporate reputation creates a foundation for successful B2B initiatives and successful B2B initiatives bolster corporate reputation.
Which type of PR does your business need?
So, what type of PR do you need? Ask yourself:
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What are you trying to achieve?
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Who is your target audience?
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What changes are you looking to influence?
Corporate PR specialists excel at building brand reputation within specific media verticals and can effectively place stories in broader publications like national newspapers.
Meanwhile, B2B PR specialists focus on operating at all points of the funnel. Creating strategies and tactics that drive awareness, build credibility and create trust signals throughout the buyer journey.
Understanding the nuances between corporate PR and B2B PR helps organisations develop more effective communication strategies. While distinct in their approaches and objectives, both disciplines contribute significantly to a company's overall success.
By strategically balancing these elements, you can build the foundations for sustainable growth.