Week 1 Flashcards
Organization
A group of people work together in an organized way for a shared purpose
Challenges organization
- Leadership & communication
- Positioning & strategy
- Culture & diversity
- Customers
- HRM
- Benchmarking
- Sustainability
- Innovation & entrepreneurship
Why communication strategy?
- Stakeholders requested for transparency
- Protection against abuse
The Boardroom give info that…
- is legally required
- improves reputation
The Boardroom do not give that…
- sensitive stuff (nuclear codes, recipes, etc.)
A communication strategy has effect on…
- Awareness (recognition)
- Attitude (interest, desire, engagement, reputation, image, trust, legitimacy)
- Action (positive, neutral, negative)
Theoretical framework Coebergh (2011)
Stakeholder theory & Agency theory–> Outcomes î Voluntary disclosure of corporate strategy î Determents
Outcomes theoretical framework Coebergh (2011)
- economic performance
- adverse selection
Determinants theoretical framework Coebergh (2011)
- size
- industry
- leverage
- profit
- ownership
- listing
- capitalization
- age
How to communicate strategy?
- strategy management: strategy with sources and messages
- communication management: communication with channels and receivers
Strategic management
From challenges organization
1. vision
2. mission/purpose
3. strategy
4. implementation
To Media
Communication management
From media
1. paid
2. earned
3. social
4. owned
To Stakeholders
Reputation Jonkman (2019)
= Likeability
Measured by asking people what they think of a company on a scale from 0 to 10
Related lookalike = trust
Advantages reputation
- magnet for talent
- magnet for credit
- buffer in crisis
Disadvantages reputation
- subjective
- hard to get
- easily lost