Corporate reputation Flashcards
Objectives of corporate advertising
Promote firm overall 1. Positive image for firm 2. Organization‘s views on social, business and environmental issues
Types of advertising
- Image 2. Event sponsorship 3. Advocacy 4. Cause-related (fundraising event)
Image advertising
Devoted to promoting the organization‘s overall image
Event sponsorships
An excellent platform from which to build
equity and gain affinity with target audiences as well as a good public relations tool
Advocacy advertising
Addresses social, business or environmental issues. Adopting a position instead of promoting the organization itself
Benefits of CSR
> Relationships
Attracting, retaining, maintaining workforce
Good reputation
Access to funding opportunities
Enhancing your influence in the industry
Differentiation
SAving on operating costs
Increase in customer retention
Effectiveness of corp. advertising
> Brand Health Survey
Studies relating corp. advertising and stock price
Focus group research
Corp. communication I
Activities involved in managing and orchestrating all internal and external communication aimed at creating favourable
starting points with stakeholders on which the company depends. License to operate
Corp. comm II
Establishing and maintaining favourable reputation
with stakeholder groups upon which the organization is dependent
Stakeholder
Any group or individual who can affect or is affected by the achievement of the organization’s objectives
Crisis communication: things to consider
- Spokesperson and his/her response
- Proactive actions beforehand
- Escalating it within customers and stakeholders before it hits the
media - Responsive social media actions