Branding & Communication - Assignment Example

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Branding & Communication

There are multiple stakeholders affected by corporate branding such as investors or employees. Impacts created by corporate branding can be determined in terms of evaluation of services or products, corporate culture and identity, brand extensions, employment applications, sponsorship, etc. Brand refers to design, name or term that can differentiate one product from another. Branding concepts are widely used in advertising campaigns, business and marketing activities. This study would comprise of implications of corporate branding. These implications shall be determined in context of both consumers and companies. Corporate branding examples will be included in this study in order to analyze consequences of corporate branding strategy. This approach facilitates economies of scope and initiates rapid new product acceptance. The reason being potential buyers are more familiar with brand name. There are negative implications of corporate branding. It reduces scope for positioning of a particular brand. Different products encompass unique characteristics and this in turn requires distinguished branding activities. Multiple touchpoints can be effectively incorporated by branding. Corporate branding is not confined to any specific name or mark. The touch points emphasized on by branding approach are customer service, training and employee treatment, logo, product or service quality, advertising campaign, stationary and packaging. Brand is usually considered to be an intangible asset of a company. It is most valuable asset of any organization since it enables customers to strongly associate with any corporate brand. Brands are efficiently managed by owners so as to provide value to shareholders. This study will also comprise of differences between product and corporate brand, along with their symbolic and functional attributes. Effective corporate branding strategies not only initiate high sales margins but even guarantee long term customer relationship with ...Show more

Summary

Corporate branding is all about promoting corporate entities. Brand name of corporate entity is given importance in corporate branding and this distinguishes it from service or product branding. The scope of…
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