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Partner Interview
Published December 30, 2024

Public Policy Holding Company: Public Affairs & Government Relations Firm Selection Process

Executive Bio

Former Senior Executive at Forbes Tate

Interview Transcript

Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.

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So maybe we can start off by discussing the sales cycle or the procurement process for public affairs. How does a company choose a public affairs firm to advance their interests?

On the public affairs side, and I can speak to the GR side too, since we did a lot of integrated campaigns, there are three main drivers. Firstly, clients may want a policy advance that is market, project, or product enabling. This is the proactive side, like tax credits or pushing for legislative claims.

This is a snippet of the transcript.to get full access.

So maybe we can start off by discussing the sales cycle or the procurement process for public affairs. How does a company choose a public affairs firm to advance their interests?

Secondly, there's shaping, which involves routine matters like the farm bill or NDAA. These can be slightly adjusted each year, potentially affecting millions or billions of dollars. Thirdly, there's problem-solving, which is defensive. This is relevant when an industry, company, or individual is in the crosshairs, such as tech and child safety issues currently.

This is a snippet of the transcript.to get full access.

So maybe we can start off by discussing the sales cycle or the procurement process for public affairs. How does a company choose a public affairs firm to advance their interests?

These drivers operate at executive, agency, congressional, and state levels, creating a matrix of five drivers with five different audiences. When hiring a firm, particularly on the PA side, you want a firm that can demonstrate an understanding of your industry and problem, develop a strategy to achieve your aims, and possess the technical expertise to execute it.

This is a snippet of the transcript.to get full access.

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© 2024 In Practise. All rights reserved. This material is for informational purposes only and should not be considered as investment advice.