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Elements That Characterise The Corporate Image
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2.1 Background of the Chapter:
Overall quality or character as seen or judged by people in general . . . a place in public esteems or regard: good name. (Merriam-Webster)
In the corporate world, Good name or Image is seen as a major element of an organization’s attribution alongside and included in financial performance and innovation. Image is the perception of constituencies on how an organization actually presents itself (Van Riel, 1995) in front of its audience. Literature says corporate image plays a crucial role to generate loyalty among consumers. Other than corporate image, service quality and customer satisfaction are also viewed as key drivers of customer loyalty (Lai et al., 2009) and research generally tends to consider the links
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Several studies have been conducted to attempt to understand the role of corporate image on customer satisfaction and loyalty of Telecommunication Services customers (for example). Most of these studies emphasize that customer loyalty and analysis of factors affecting it are important for the success of telecommunication services firms. Furthermore, they agree that customer loyalty is the main important mediate goal for telecom service providers on their way to obtain economic …show more content…
Corporate image is defined as the perception of an organization that customers’ hold in their memories. Because it works as a filter through which a company’s whole operation is perceived, a corporate image reflects a company’s overall reputation and prestige. Brown andDacin (1997) claim corporate image derives from customers’ perceptions of capability and social responsibility. Corporate capability refers to the company’s expertise in delivering product and service offerings, such as effective innovation and high service quality, while corporate social responsibility refers to the company’s management of social issues. Corporate image thus impacts a customer’s evaluation of service quality, satisfaction and loyalty (Andreassen and Lindestad, 1998; Zins, 2001
“Most successful businesses have a carefully crafted image that separates them from the competition and helps to establish a solid public presence,” remarks Allison Green. A distinct corporate image benefits many aspects of any business. Public relations rely on image to attract new customers and to generate repeat business. Finance departments depend on image to impress investors and shareholders with a sense of stability. Employees feel more secure when a company has a good image.
Torelli, C.; Monda, A.; Kaikati, A. (February 2012). Doing Poorly by Doing Good: Corporate Social Responsibility and Brand Concepts. Journal of Consumer Research. Vol. 38, No. 5 pp. 948-963. Retrieved from: http://www.jstor.org/stable/10.1086/660851
High levels of customer satisfaction will not guarantee future sales, but are more likely to result in repeat future sales than indifferent or poor customer service. Moreover, satisfied customers are more likely to try out other products/services in the firm’s range, or recommend it to friends and family. Build on customer loyalty Customer loyalty is valued highly by most businesses and can be
[5] Nandan, S. (2005) An exploration of the brand identity-brand image linkage: A communications perspective, Brand Management. (pp 264 – 278)
Specifically, employees have different perceptions of company’s CSR-Society activities, and their perceptions influence brand image in their minds. One of the reasons why employees have the different perception towards CSR is the their interests, employees will have the good perception of the company or the brand if the company can share the same value with them (Marquis et al., 2010), similarly, employees are willing to get positive brand image if the company holds their personal value (Strandberg, 2009). However, base on the value model (Holbrook, 2006), preference creates value, which means individuals perceive the value differently by judging company’s action in various criteria, in this case, employee will perceive different value of the company. Thus, employees’ perception towards CSR-Society is different, if they can get functional value from those activities, they will have positive functional brand image, and similar with emotional brand
Carmine Gallo demonstrates that the greatest success factor of Apple is its insane customer loyalty (2). Apple achieves this insane customer loyalty through the strong likeability, trustworthiness and quality as the aspects emphasized by its products such as IPhone (Gallo 9). In this case, Motorola targets the loyal customers of Apple because it believes that they may change customer decisions through the attractiveness of new functions that IPhone cannot provide. However, Motorola campaign didn 't affect customer 's desire to buy iPhone 7. The effectiveness of customer loyalty shows a negative correlation (Chandrasekaran et al. 161). It determines that it is hard for Motorola to successfully urge the loyal customer of Apple to change their buying behaviors when Apple builds a significantly strong customer loyalty. Unfortunately, according to the illustration of Gallo, Apple can be recognized as the most successful performer in building the strong customer loyalty in the world (4). As the suggestion of Miklos Sarvary, it is better to target a sufficiently different market segment compared with the competitors, in order to ensure the competitiveness of the marketing strategy
With increased media presence and the constant changes in technology, the eye of the public scrutinizes businesses now more than ever before. Everyone has access to all aspects of a business at the touch of a button. Nothing can be hidden from consumers anymore. With a company’s search for profit, they must strive to create a positive image in the public and remain conscious of their reputation. This is largely where corporate social responsibility plays a role.
The aim of this report is to apply the theoretical and practical ideas of corporate reputation and corporate social responsibility presented in this course to the organizations in the same industry.
Nowadays, many companies using the re-branding strategy of corporate marketing and build strong corporate brand to increase their competitive advantage between other companies such as Google, Mazda, LG, Zara and more (Punjaisri & Wilson, 2007; Temporal, 2010). Thereby, internal branding is a good strategy to increase a company’s competitiveness, especially in service industries (Raj & Jyothi, 2011). It is because a service industry almost has a closer relationship between customer and employee and customer’s impression of the brand are influenced by the employee who they connected with (Leberecht, 2004).
Brand image is about how consumers perceive a product and the ability for the customers to be loyal to the brand irrespective of the threats from its competitors. Starbucks prides itself as the best coffee produce, and most consumers have been heard admitting that the company produces coffee that is quality and that makes users sometimes to consume even when they had not budgeted for it. Cleanliness seems to be another strategy that Starbucks uses to promote the image of its brands because customers can trust their products and knows that the company is keen enough in cleaning its environments and the utensils used for the preparation of coffee and other brands. Brand image is critical for measuring brand equity, and it is from this point of view that the company comes up with marketing and operational strategies to make it successful (Keller & Lehmann, 2006). Brand resonance is another important technique that should not be avoided because of its impact towards the study. The attachment that a consumer has to a product will help discover the relationship between a customer and a product. Identifying oneself with a product is only possible if the product is
The review of relevant literature is to identify what's brand awareness and how to carry out in strategic marketing, and consumers' behavior. The study prove that the significant factors on brand awareness as a perception of product, service, and image of the company and has a tremendous effect on consumers’ evaluation of system results. From reading all of the relevant journals, it is understandable that the significant factors on building a successful brand image and awareness is consumers and their relationship with the brand, company, service and the product. Brand awareness is the vital importance to marketing strategy and marketing communications because it links customer behavior to firms’ financial metric. Keller (2001), noted, customers’ reaction toward brand awareness is associated profitably brand equity.
The chief image problem that the hospital faces is the entire nonexistence of brand supervision and business representation. St. Margaret General Hospital has to differentiate itself amongst its competitors by creating an image that makes them stand apart as well as highlighting its specialties. Communication and a clear message is certainly what the hospital needs to construct a strong
People are buying the product which gives them prestige. Marketers have interest on consumer psychology and they are playing with every day by showing that their product will give prestige in the society. It’s true that the transparent societies now needs brands image. Marketers analyze the interest and needs of consumer than create the product according to the need of the society. Brand can attain the people attraction and the business can have the good reputation by giving satisfaction to consumer. If the brand gives satisfaction and function are according to the expectation of consumer than the brand gets good image on the mind of consumer. brand image is great weapon to use for the competitors it builds in years , at once the business gets brand image it has competitive edge from other brands in the market. When consumer rely on the brand the company can create the long term relation with the consumer, in other words (CRM) consumer relationship management. The brand image has effect on the choice of every individual there believe and attitude change their preferences. Brand image can be effected by price as price is an important part for consumer when they are making purchase decision if they find the value of brand is equal to the pricing they purchase that brand if not they refuse it. Similarly the image of brand can be effected by the attributes and features or
This can be manifested in an ability to attract and retain customers and employees, achieve strategic alliances, gain the support of financial markets and generate a sense of direction and purpose. Corporate identity is a strategic issue. Corporate identity differs from traditional brand marketing since it is concerned with all of an organization’s stakeholders and the multi-faceted way in which an organization communicates.” (Ballmer, Bernstein, Riel et al. 1997)
When organization always provide high-quality products and good services, customer will create their satisfaction and increased customer loyalty.