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MKT 415 Public Relations Essay

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This is a comprehensive and detailed essay on;Public Relations for MKT 415. An Essential Study Resource just for YOU!!

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Subido en
16 de febrero de 2025
Número de páginas
6
Escrito en
2022/2023
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1




Public Relations



Carter Brown

Grand Canyon University

MKT-415: Promotion and Advertising

Professor Craig St. John

June 18, 2023

, 2


Public Relations

This paper evaluates a public relations effort undertaken by Crocs to retain the popularity

they once had when first opening. Crocs first released back in 2002 and immediately skyrocketed

in popularity, being advertised as a boat shoe to be easily slide off and on. They were originally

designed to be a boating shoe and that be easily slipped off and on. However, they turned out to

be much more than just a boating shoe but a shoe used for all activities and used by all different

ages, resulting in Crocs being one of the most popular shoe brands in the world today.

Image Problem

By 2004 the company sealed a deal with exclusive rights to the martial and production

continued to ramp up (Kim, 2022). However, shortly after Crocs had a major problem with not

being able to keep up with the demand at first and when they were able to catch back up with

production, they over made too many shoes, and nobody wanted to buy their product anymore.

This damaged Crocs image heavily, resulting in a loss of 200 million dollars (Clark, 2010).

Effect on Organization and Stakeholders

Just when Crocs was finally able to get somewhat back on the right track, people started

to think the Crocs look was going out of style or some people believed it was not their look,

which result in the company to die down a lot since launch. The image problem affects Crocs

financial performance heavily. The negative perception surrounding the brand resulted in

declining sales and revenue. The company experienced a significant drop in stock prices, leading

to decreased shareholder value. The organization had to navigate through a challenging market

environment, as consumers turned away from the brand due to its tarnished reputation. Crocs

debuted as a public company in 2006, a total of 207 million dollars was raised, but when they
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