Corporate Communication Blok 2.1 Flashcards
Corporate communication
Corporate communication is a management function that offers a framework for the effective coordination of all internal and external communication with the stakeholder groups upon which the organisation is dependent.
Mission
Mission:
Overriding purpose in line with the values and expectations of stakeholders
Vision
Vision:
Desired future state – the aspiration of the organisation
Corporate objectives
Corporate objectives:
Statement of overall aims in line with the overall purpose
Strategy
Strategy:
The ways or means in which the corporate objectives are to be achieved and put into effect
Stakeholders
Stakeholders:
Any group or individual who can affect or is affected by the achievement of the organisation’s objectives
Market
Market:
A defined group whom a product is or may be in demand (and for whom an organisation creates and maintains products and services)
Communication
communication:
The tactics and media that are used to communicate with internal and external groups
Integration
Integration:
The act of coordinating all communication so that the corporate identity is effectively and consistently communicated to internal and external groups.
Corporate identity:
Corporate identity:
The profile and values communicated by an organisation
- Symbolism: corporate logos and the company house style of an organisation
- Communication: all planned forms of communication including corporate advertising, events, sponsorship, publicity and promotions
- Behaviour: all behaviour of employees that leaves an impression on stakeholders
Corporate image
Corporate image:
The immediate set of associations in response to one or more signals or messages from or about a particular organisation at a single point in time
Corporate reputation
Corporate reputation:
An individual’s collective representation of past images of an organisation (induced through either communication or past experiences) established over time
Corporate branding
Corporate branding:
Attempt to attach higher credibility to a new product by associating it with a well-established company name. Unlike a family-branding (which can be applied only to a specific family of products), corporate branding can be used for every product marketed by a firm
Identity structures
Corporate branding - Monolithic
Monolithic:
single all-embracing identity (products all carry the same corporate name)
Corporate branding - Endorsed
Endorsed:
businesses and product brands are endorsed or badged with the parent company name
Corporate branding - Branded
Branded:
individual businesses or product brands each carry their own name (and are seemingly unrelated to each other)
Risk society
Risk society has created an emphasis on health and safety, environmental concerns, security and terrorism, and financial risk and regulation. All these issues have an influence on the public mind. General public expects a corporate response. Organisations have started investing in issues management programs such as corporate advertising campaigns.
Issues
Issues:
- A public concern about the organisation’s decisions and operations that may or may not also involve;
- A point of conflict in opinions and judgements regarding those decisions and operations
Crisis
A crisis is defined as an issue that requires not just decisive but also immediate action from the organisation. The necessity for immediate action may be triggered by, for example, mounting public pressures, intense media attention or direct danger.
- Anticipation: involves the capacity of organisations to predict and prevent potential crisis scenarios from arising before they have occurred.
- Resilience or the ability to cope with a crisis once it occurs and confronts the organisation. A resilient performance is, in effect, one where members of the organisation improvise and act mindfully in real time to deal with the crisis and minimise its impact.
While organisations may not oversee every possible crisis that may affect them, they can develop crisis contingency plans in advance and in anticipation of major possible crisis.
development Issue into a crisi
4 stages of development issue into a crisis
- Latent
- Active
- Intense
- Crisi
Life Cycle of an issue
Issues Development life cycle process
Stage 1: Emergence
Stage 2: Debate
Stage 3: Codification
Stage 4: Enforcement
Position / importance matrix
Problematic - low importance / low support
Antagonistic - High importance / Low support
Low priority - Low importance / High support
Supporter/advocate - High importance / High supprt
Problematic stakeholders
Problematic stakeholders:
those stakeholders who are likely to oppose or to be hostile to the organisation’s course of action, but are relatively unimportant to the organisation because they are not normally recognised as important stakeholders and have little power to exert strong pressure on the organisation – educational programmes
Antagonistic stakeholders
Antagonistic stakeholders:
those stakeholders who are likely to oppose or be hostile to the organisation’s course of action and hold power or influence over the organisation – anticipating the nature of their objections and developing and communicating counter-arguments as well as bargaining with selected stakeholders to win their support
Low Priority stakeholders
Low Priority stakeholders:
those stakeholders who are likely to support the organisation’s course of action but are relatively unimportant in terms of their power or influence on the organisation
Supporter stakeholders: those stakeholders who are likely to support the organisation’s course of action and are important to the organisation in terms of their power or influence – educational programmes and promoting the company’s involvement with these supporting stakeholders
Supporter stakeholders
Supporter stakeholders:
those stakeholders who are likely to support the organisation’s course of action and are important to the organisation in terms of their power or influence – providing information to reinforce their position and possibly asking them to influence indifferent stakeholders
Issue-specific response strategies
- Buffering strategy:
- Bridging strategy:
- Advocacy strategy: try to
- Thought leadership:
Buffering strategy
Buffering strategy:
organisations can deny the existence of an issue and remain silent
Bridging strategy:
Bridging strategy:
recognise the issue, adapt their operations and actively communicate and engage with stakeholders
Advocacy strategy:
Advocacy strategy:
try to change stakeholders’ expectations and public opinions on an issue so that these expectations and opinions conform to current practices and values
Thought leadership:
Thought leadership:
proactively move on the issue, stake out a position and commit the company to progressive change on the issue
five different levels of contingency plans
Crisis experts Mitroff and Pearson highlight five different levels of contingency plans:
Stage 1- involves minimal planning around a few contingency plans drawn up for an emergency response. This may involve a limited set of plans such as evacuating the building in case of a fire.
Stage 2- involves more extensive planning but is limited to natural disasters and potential human errors. Planning at this stage involves measures for damage containment and business recovery.
Stage 3- involves extensive contingency plans which include crisis procedures for probable natural disasters and human errors and the training of personnel so that employees can implement these crisis procedures.
Stage 4- involves an organisation-wide consultation of potential crises and their impact on stakeholders. The scope of stage 4 is wider than typical natural disasters and human errors and includes product defects, tampering and social issues regarding the company’s supply chain, operations and contributions to society.
Stage 5- involves all of the previous stages but also incorporates environmental scanning and early warning systems to identify crises as early as possible.