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CORPORATE IMAGE AND IDENTITY




           SUBMITTED BY:
       FRENY CHERRY FRANCIS 02
             URVASHI 07
        POOJA PRAVEEN JAIN 15
            BORNA ROY 17
INTRODUCTION
IN BUSINESS STUDIES CORPORATE IMAGE
 HAS BEEN THE DOMINANT FOCUS UNTIL
 (IN THE MID 1990S) GREATER ATTENTION
   WAS ACCORDED TO THE CORPORATE
         REPUTATION CONCEPT.

   THE EMINENT ENGLISH ECONOMIST
 BOULDING IS CREDITED WITH BEING THE
FOUNDER OF A DISTINCT LINE OF INQUIRY
    RELATING TO BUSINESS IMAGES.
PROCESS



Corporate     Individual     Corporate
 Identity   Interpretation    Image      =
                                             $
Corporate Image in Relation to Corporate
Identity




            Behavior


            Corporate
            Identity
                                             Corporate Image




                        Corporate Identity
CORPORATE IDENTITY
• The way in which an organization presents
  itself
  – Symbols
  – Communication
  – Behavior
• Referred to as Corporate Identity (CI) Mix
• Personality manifested through this mix


                     Peggy Simcic Brønn        5
CORPORATE IDENTITY MEDIA


•   Product                 •    Visit cards
•   Price                   •    Buildings
•   Logos                   •    Uniforms
•   Name                    •    Sponsorship
•   Stationery              •    Packaging
•   Brochures               •    Work environment
•   Signs                   •    Figure or “character”

                  Peggy Simcic Brønn                     6
IMPORTANCE OF IDENTITY

•   Raises motivation among employees
•   Inspires confidence in stakeholder groups
•   Acknowledges important role of customers
•   Acknowledges vital role of financial groups




                     Peggy Simcic Brønn           7
TYPES OF CORPORATE IDENTITY

• Monolithic -- Shell, Philips, BMW
• Endorsed -- GM, L’Oreal
• Branded -- Unilever, Orkla




                   Peggy Simcic Brønn   8
Corporate Image
An image is the set of meanings by which an
  object is known and through which people
  describe, remember and relate to it. That is
  the result of the interaction of a person’s
  beliefs, ideas, feelings and impressions about
  an object. (Dowling, 1986)




                     Peggy Simcic Brønn            9
CORPORATE IMAGE IS THE PERCEIVED SUM
    OF THE ENTIRE ORGANIZATION - ITS
 OBJECTIVES AND PLANS. IT ENCOMPASSES
   PRODUCTS, SERVICES, MANAGEMENT
 STYLE, COMMUNICATIONS ACTIVITIES AND
   ACTIONS AROUND THE WORLD. G.A.
                Marken




                Peggy Simcic Brønn      10
WHY DO WE NEED TO CARE ABOUT IMAGE?

Consumers are more sophisticated than ever
  before
There is more distrust than ever regarding
  motives of big business
There has been more changes in the last ten
  years than in the last 80
There is a clear relationship between a positive
  image and profitability

                     Peggy Simcic Brønn            11
Image is no longer solely the realm of
  marketing, but rather a strategic
  instrument of top management.
           De Soet (CEO Dutch KLM)



When having to choose similar products, 9
 out of 10 consumers base their decisions
 on the reputation of the company.
                               Mackiewicz
TODAY’S SITUATION
• PEOPLE BUY THINGS TODAY, NOT JUST BASED ON
  QUALITY AND PRICE.
• Programs such as TQM and ISO9000 have
  worked
• Organizations need new differentiators, new
  USP’s (unique selling propositions)
  – Advocacy advertising
  – Green advertising

                     Peggy Simcic Brønn         13
REASONS FOR IMAGE ‘MANAGEMENT’

• General promotion value        • Aid in relations with
                                   community/
• Encourage favorable              government
  behavior towards               • Serve corporate objectives
  organization                   • Create familiarity and
• Build sales                      favorability
• Attract shareholders           • Create position in industry
• Attract and motivate           • Can demand premium
  employees/build morale           prices
• Reduce cost of capital


                       Peggy Simcic Brønn                        14
IMAGE LEVELS
•   Product class
•   Brand
•   Company
•   Sector
•   Shop
•   Country
•   User

                    15
Some Factors Controlling Company Image




Reality of       Newsworthiness      Communica-                  Memory
company*       +                   + tions effort   x   Time -                 =
                 of company                                      decay

                                                        Company Image

* Including Diversity of Company




                                                                          16
SOME CORPORATE IDENTITY LOGOS

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Corporate image and identity

  • 1. CORPORATE IMAGE AND IDENTITY SUBMITTED BY: FRENY CHERRY FRANCIS 02 URVASHI 07 POOJA PRAVEEN JAIN 15 BORNA ROY 17
  • 2. INTRODUCTION IN BUSINESS STUDIES CORPORATE IMAGE HAS BEEN THE DOMINANT FOCUS UNTIL (IN THE MID 1990S) GREATER ATTENTION WAS ACCORDED TO THE CORPORATE REPUTATION CONCEPT. THE EMINENT ENGLISH ECONOMIST BOULDING IS CREDITED WITH BEING THE FOUNDER OF A DISTINCT LINE OF INQUIRY RELATING TO BUSINESS IMAGES.
  • 3. PROCESS Corporate Individual Corporate Identity Interpretation Image = $
  • 4. Corporate Image in Relation to Corporate Identity Behavior Corporate Identity Corporate Image Corporate Identity
  • 5. CORPORATE IDENTITY • The way in which an organization presents itself – Symbols – Communication – Behavior • Referred to as Corporate Identity (CI) Mix • Personality manifested through this mix Peggy Simcic Brønn 5
  • 6. CORPORATE IDENTITY MEDIA • Product • Visit cards • Price • Buildings • Logos • Uniforms • Name • Sponsorship • Stationery • Packaging • Brochures • Work environment • Signs • Figure or “character” Peggy Simcic Brønn 6
  • 7. IMPORTANCE OF IDENTITY • Raises motivation among employees • Inspires confidence in stakeholder groups • Acknowledges important role of customers • Acknowledges vital role of financial groups Peggy Simcic Brønn 7
  • 8. TYPES OF CORPORATE IDENTITY • Monolithic -- Shell, Philips, BMW • Endorsed -- GM, L’Oreal • Branded -- Unilever, Orkla Peggy Simcic Brønn 8
  • 9. Corporate Image An image is the set of meanings by which an object is known and through which people describe, remember and relate to it. That is the result of the interaction of a person’s beliefs, ideas, feelings and impressions about an object. (Dowling, 1986) Peggy Simcic Brønn 9
  • 10. CORPORATE IMAGE IS THE PERCEIVED SUM OF THE ENTIRE ORGANIZATION - ITS OBJECTIVES AND PLANS. IT ENCOMPASSES PRODUCTS, SERVICES, MANAGEMENT STYLE, COMMUNICATIONS ACTIVITIES AND ACTIONS AROUND THE WORLD. G.A. Marken Peggy Simcic Brønn 10
  • 11. WHY DO WE NEED TO CARE ABOUT IMAGE? Consumers are more sophisticated than ever before There is more distrust than ever regarding motives of big business There has been more changes in the last ten years than in the last 80 There is a clear relationship between a positive image and profitability Peggy Simcic Brønn 11
  • 12. Image is no longer solely the realm of marketing, but rather a strategic instrument of top management. De Soet (CEO Dutch KLM) When having to choose similar products, 9 out of 10 consumers base their decisions on the reputation of the company. Mackiewicz
  • 13. TODAY’S SITUATION • PEOPLE BUY THINGS TODAY, NOT JUST BASED ON QUALITY AND PRICE. • Programs such as TQM and ISO9000 have worked • Organizations need new differentiators, new USP’s (unique selling propositions) – Advocacy advertising – Green advertising Peggy Simcic Brønn 13
  • 14. REASONS FOR IMAGE ‘MANAGEMENT’ • General promotion value • Aid in relations with community/ • Encourage favorable government behavior towards • Serve corporate objectives organization • Create familiarity and • Build sales favorability • Attract shareholders • Create position in industry • Attract and motivate • Can demand premium employees/build morale prices • Reduce cost of capital Peggy Simcic Brønn 14
  • 15. IMAGE LEVELS • Product class • Brand • Company • Sector • Shop • Country • User 15
  • 16. Some Factors Controlling Company Image Reality of Newsworthiness Communica- Memory company* + + tions effort x Time - = of company decay Company Image * Including Diversity of Company 16