AR Cost Management In A Downturn

Top analyst relations (AR) professionals are in control of their budget, manage that spending to achieve committed objectives, and are prepared to defend and document costs accordingly. In a period of economic uncertainty, such preparation is essential to preserving AR services when executive management demands across-the-board cost cuts. Even AR teams that have yet to master their budget planning and defense can cut costs wisely by combining short-term, straightforward efficiencies with longer-term, more strategic adjustments — including reassigning certain expenses to the budgets of other stakeholders in marketing, sales, and events.