By chrales kulwa n reg
no 42688
Marketing the corporate
brand
Corporate branding is
defined as the sending of cues to create a favourable reputation (Mathius and
van Bruggen 1998). Marketing is defined as the process involved in selling
goods. This can be broadened to include selling the organization, the corporate
brand. Communication tools are used in marketing the corporate brand. Brand building
activities aimed at special stakeholder groups include government relations, community
relations, and financial relations. Organizations may have specialist who deal
with these stakeholder group and use a broad range of communication and so on.
Corporate outreach programs are also part of these activities
Mc Donald is particularly
good at community outreach programs, but this is not very well known part of
their corporate branding. Considering the constant attacks suffered by this
organization from anti globalization groups, it would seem that these activities,
if known, could help the reputation of the organization
Corporate advertising
is a term given to pay for message placed by the organization telling about the
organization, not necessarily its products. These may include image advertising,
advocacy or issues advertising and cause related marketing. Examples of image advertising
are general image or positioning ads that announce plant openings, new
identities, and innovation. This area also encompasses sponsorships of sports, broadcast
and music. Rolex sponsors golf tournament such as the masters and the British
open and regularly advertise that they do so. Although the product is often
pictured, the advertisement is about their sponsorship. Recruitment ads for
employees also fall into this category.
Deloitte & touché
have as a goal to be the most preferred company tom work for by graduating business
school students. They therefore use considerable resources marketing the
company towards this market, including advertising in student’s newspapers and
sponsorship different events at schools. Similar, advertising towards the financial
sectors is way to release information on financial results, to generate investments’
and is often used as a defence against a takeover
Advocacy advertising is
away for the organization to communicate their position on public issues that
are connected with their business activities, .this may include taking a
position on social or business issues, resolving misunderstanding or countering
a negative editorial. In the 1970s this
was a popular method used by energy companies to try to persuade the American
public not to listen to the government who wanted to institute regulations and environmental
controls.
Nike and other
companies use this type of advertising today to defend themselves against
accusations of producing their products sweatshops. Shell and its profits and
principles campaign is currently probably one of the largest campaigns of this
type. The company would like consumers and other groups to believe that the
company does it utmost to protect the environment, work with local population, and
have an open dialogue with their .stakeholders. Ford and Rolex take a slightly
different tack. Both organization give out ward to individual for personal excellence,
either for environmental work or helping humankind. Companies then advertise
the granting of these awards in the media that features
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