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Branding is the cornerstone of the corporate marketing edifice. The basic function of a brand is to help the customer identify the suppliers and simplify the selection among the multiple choices in a market. At a time where corporate action is subject to more scrutiny than ever, it’s not enough for a company to be be a responsible member of the society in which it operates...it has to be demonstrated, in a way which wins friends and influences people. An attempt to legitimize the corporate role is seen in corporate social responsibility as a part of a triple bottom line framework. Corporate principles are communicated in various forms to a wide set of stakeholders. Ideally, what is communicated in terms of principles is also seen in business practice. … or at least, how media portrays business conduct. It shows that the corporate communication strategy is Your brand is the simplifying symbol that helps stakeholders distinguish between sales offers of various competitors n the market. The brand thus becomes shorthand for the communicated social values. In small towns, that means that family businesses support the local footy team, have a banner at the footy ground, sponsor the best and fairest prize. For businesses which are beyond Dad and Dave fixing lawnmowers in my home-town of 700 people, your brand needs a bit more pro-activity. In environmentally-sensitive industries, invloving transport, or waste, or packaging, or use of poisons such as inks or dyes, you need a positive declaration to the marketplace of how your values on conservation, for example, fit into your brand.
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