Corporate Image 444
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Transcript of Corporate Image 444
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1. Public Relations and corporate image
2. INTRODUCTION Public relations defined The deliberate, planned and
sustained effort to institute and maintain mutual understanding between an
organization and its publics. Institute of Public Relations (IPR)
3. PUBLIC DEFINED
4. FUNCTIONS OF PUBLIC RELATIONS Specific public relations
disciplines include: Financial public relations – providing information
mainly to business reporters Consumer/lifestyle public relations – gaining
publicity for a particular product or service, rather than using advertising
Crisis public relations – responding to negative accusations or information
Industry relations – providing information to trade bodies Government
relations – engaging government departments to influence policymaking
5. How has the Role of PR Changed?Traditional Role: Communicating
and gaining acceptance of policies and programs in the communityNew
Role: More marketing-oriented (Marketing Public Relations – MPR)
Operates within a marketing department to develop programs and policies
Supports marketing objectives and adds value to the integrated marketing
communications program Incorporates marketing and corporate PR
functions.
6. What do PR people do?1. Determine the public‟s existing attitude toward
the firm Helps planning Serves as early warning system for problems2.
Design a PR plan that is proactive rather than reactive.3. Execute the
plan. E Determine relevant target audiences D Decide on tools4.
Determine the effectiveness of the plan
7. Public Relations Tools
8. Public Relations Tools The Sponsoring Organization Pays for Controlled
Media soThey Maintain Total Control Over How and When the Message is
Delivered. Prepared by the Organization for Use in House Ads Its Own
Publication or One Over Which It Has Some Control. Ads Designed by
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Charitable or Civic Public Service Organizations for Broadcast Free of
Announcements Charge. Corporate Designed to Promote a Corporate
Image (Institutional) or Viewpoint. Advertising
9. Public Relations Tools Publications Such as Pamphlets, In-House
Booklets, and Annual Reports for anPublications Organization‟s Own
Employees and Other Publics. Speakers, Maintaining Visual Contact With
thePhotographs, Various Publics is a Big Part of PR. & Films Displays, All
Are Used in Both Sales Promotion and Exhibits, & PR Programs and
Include Open HousesStaged Events and Plant Tours.
10. Public Relations ToolsThe Media, Rather Than the Organization,
Controls the Use and Placement of Uncontrolled Media. News Release
Press Conference Primary Medium Used Convening Media Reps To
Deliver PR Messages To Make a Statement. to Media Editors And
Reporters. Risky, Because Media May Not See Company‟s Video News
Releases Announcement as Being Contain Video Coverage Real News.
That Can be Used During a TV Newscast. May Distribute Press Kits.
11. Corporate image A corporate image refers to how a business is
perceived. It is a generally accepted image of what a company stands
for. A corporations image is not solely created by the company. Other
contributors to a companys image could include: news
media, journalists, labor unions, environmental organisations, and
other NGOs.
12. Corporate ImageDefinition:Corporate images are selectively
perceivedmental pictures of an organization.The sum total of these
perceived characteristics of the corporation is what we refer to as the
“corporate image”.(Zinkhan, Ganesh, Jaju, Hayes)
13. Who is interested in the corporate image? The most important groups
are- Stockholders: who have invested in the company- Board of Directors:
who manage the company- Employees: who is in middle management and
below- Suppliers: who supplies any kinds of materials and services
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(banks)- Channel members: who are involved in the distribution network-
Customers: who purchase the company‟s products and/or services-
Community: who asses the company‟s role as corporate citizen
14. Benefits of an effective corporate image stimulating sales
establishing company goodwill creating an identity for employees
influencing investors and financial institutions promoting favourable
relations with the community, government and opinion leaders achieving
a competitive position
15. How is Corporate Image formed?Step 1: Influence and manage
corporate image Internal controllable sphere External non-controllable
sphere The internal controllable sphere can be used to influence the
stakeholders‟ image of the organization. The external factors, however
can also be indirectly manipulated.
16. Forming a corporate image on the internal sphereSteps to follow:
Forming a corporate image on the internal sphere through the six major
sources:1.Corporate Identity.2. Corporate Advertising3. Brand Image4.
Public Relations5. Frontline Employees Behaviour6. Websites
17. Forming a corporate image on the external sphereSteps to follow:There
are four major sources:1. Industry image.2. Country-of-Origin Image3.
Press Reports and Press releases.4. Word-of-mouth
18. MARKETING MIX Marketing involves a number of activities. To
beginwith, an organisation may decide on its target group of customers to
be served. Once the target group isdecided, the product is to be placed in
the market byproviding the appropriate product, price, distributionand
promotional efforts. These are to be combinedor mixed in an appropriate
proportion so as toachieve the marketing goal. Such mix of product,price,
distribution and promotional efforts is knownas „Marketing Mix