Friday, March 8, 2019
Corporate Communication Strategies Essay
IntroductionIn this wrap up, embodied communicating strategies in companies ar discussed. The essentialness of corporal communicating dodging and itslink with the merged objectives is discussed in this report. The report aims to get along what bear on that a corporeal dialogue strategies, either an inside conversation strategy or an outside talk strategy screw create on the military control enterprise success as head as on the intrinsic and outside(a) stakeholders of the follow standardized employees, clients, suppliers, government and so on. The need for bodily confabulation analyze and admonishering of corporate parley strategies are in any case an opposite highlights of this report Task 11.1Purpose of incorporated Communication StrategiesCorporate occupancy Communication strategy gears up its relevance in the contemporary business scenarios. This is a prominent divisor in an effectual business strategy that helps the phoner to lead its path to ev entual(prenominal) success. Business communion seems to be complete with an good corporate colloquy strategy which degrees a base for a transparent communication among various people deep down a attach to as well as outside the business organisation. Public relations, advertising, marketing etc form a per centum of corporate communication theory, some other tools of corporate communication.Looking at the ingrained perspective, operational employee, team managers etc flush toilet increase their work force with improved corporate communication among them. In the outside(a) perspective, by dint of corporate communication, entirelyiance can build good relationship with suppliers, customers/clients, shareholders, funding organisations, topical anaesthetic communities, the media, etc and go through smooth business operations. This is considered as a key ingredient of a business function that enables the coordination of work make by tout ensemble(prenominal) individ uals in each department. A proper sethronization of two international and internal communication is essential to suss out more than business success. This leads to increase support of each stakeholder to the familiarity.1.2Assessment of how corporate communication is linked to corporate objectives within facesCorporate communication plays a significant role in attaining the corporateobjectives. Customer satis featureion is a vital corporate objective, wherein communicating the yield features and specifications is enabled through an effective corporate communication. How far the customers get attracted to the comp eachs harvest-feast is linked with how extensively and effectively corporate communication techniques analogous advertising, marketing etc indulge in customer minds.Corporate communication strategies ensure the achievement of corporate objectives as when target customers get a fade picture about(predicate) the produce through various corporate communication str ategies they get more attracted to the product. This will increase the sales volume, profitability, market share, home run image etc of the comp whatever. thitherby, corporate communication has a good linkage with the corporate objectives and its achievement.1.3Analysis of relationships in the midst of Corporate Communication and Corporate BrandingCorporate shuffling is build with the strong foundation of corporate communication. A proper synchronize of corporate stigmatizeing and corporate communication helps a corporation to adopt its net business goals smoothly. A company aims to formulate to the highest degree effective communication strategy for a better brand image. Branding differentiate the company product from another similar product. It is an identity of a product. trenchant corporate communication reaches the customers in a successful manner and thereby they will be able to make out the unique and limpid features of the product.Corporate communication strateg ies improve the brand image of a product and thereby the product sustain in the minds of customers, who start treating the product as a premium brand. A better customer relationship is promised through branding and effective corporate communication. By communicating all the product expound to the customers, brand awareness in the minds of the customers will be enhanced, star(p) to more brand loyalty. Thereby, customer retention is enabled using the most grab corporate communication and branding strategies (Kim, S, 2011).Task 22.1 Demonstration of how you would scheme an internal corporate communication scrutiniseAny corporate communication strategy would not serve the purpose of business lastingness. Hence, a company demands corporate communication examines both internally and awayly to estimate the efficiency of a corporate communication strategy. This evaluation can be do by exploring the delicate areas of communication strategy and thereby forming a major(ip) part of c orporate communication audit. A detailed communication audit demands for a considerable amount of fund utilization or expenses tie in to invoices and bills on stationary, travelling and so on.The financial budget for a communication audit require to be planned well before its conduct and approved by the concerned authorized staff office. A transparent communication between the tender and the company representatives is ideal for a smooth settle of auditing address. Various assessment techniques like interview, observation, content analysis etc are unspoiled by the auditor during the audit. The prison term limit for the entire audit fulfill is pre determined so as to ensure successful completion considering all(prenominal) aspects in the auditing (Cornelissen 2014)2.2 Explain how you would conduct an internal corporate communications auditThe internal communication audit aims to depict and evaluate the methods in the internal communication attend. As a first stair, the sen ior management personnel and other staffs of a company are interviewed to know more about the thought pattern of each employee regarding the prevailing communication strategy. Surveys in the form of questionnaire are another typical method of communication audit to evaluate the varying responses on communication process within the organization. As a result of this, quantitative data on the same can be drawn. Qualitative data is achieved through group meetings with the concerned individuals in the company. This helps the auditor to know impact of communication process in the actual business executions2.3 Critically evaluate the potence of occurrent levels of practice in your organizationEvaluating the current communication strategy in the company fosters more business communication intensity level. Considering the company, coca Cola, a US based multinational company corporate communication strategies are very relevant for the company. This is due to the fact that the company has several branches across the world, where business communication is a ambitious aspect. Also, increased customer base, supply chemical chain management etc is some other challenging elements that demand for an effective corporate communication strategies in Coca Cola.Transparency and clarity in communication to both internal and outer stakeholders of the company strengthen the bonding of the stakeholders within Coca Cola. This ensures more legitimate and loyal stakeholders including its employees, customers, suppliers, dealers and so on. This imparts effectual business operations by the company with the complete support from all its stakeholders. The successful business communication networks between different branches of the company all over the world, the effective supply chain management, increased customer base, loyal employees etc form evidence of existing communication practices in a company and its long suit (Doorley & Garcia 2011).Task 33.1 license how you would plan an external corporate communications auditPlanning an external audit is another life-or-death aspect for a company. Hence, expert handling of communication audit is recommended. The company decides whether to hire an expert auditor or to en give this duty to the concerned PR staff inside the organization. The time allotted for each step in the external audit process is planned in advance so that there will be no delays or issues in between. Also, the company plans the sources to collect the data proving the effectiveness of the current external communication, is determined well in advance. This may imply people or corporate to entree, interviewing its external stakeholders and so on (Parguel et al. 2011).3.2 read how you would conduct an external corporate communicationsauditConducting an external communication audit involves several step, starting with the identification of the key elements in the company, like its logo, symbols, letterhead, business cards etc. External communi cation audit is done by either one to one interview with the concerned people, customer survey, telephonic talks, discussions etc. The ideal research method for each external audit depends and may vary from one to another. The past communication audit need a thorough evaluation so as to make up ones mind the loopholes or untouched arenas in the previous external communication audits. accept feedbacks, suggestions from customers, employees, suppliers etc form another integral part of external communication audit, to know the current status of external communication(Kaplan, R. S., & Norton 2001).3.3 Critically evaluate the effectiveness of current levels of practiceThere exists an inevitable need for the evaluation of existing external communication process in the company so as to ensure business growth. External environment of this multinational giant in no doubt, is a critical element, where medias, political ups and downs, changing economic trends etc demand for adroit external communication strategies. Hence, to know the effectiveness of such existing external communication methods requires a need to look in to its each and each aspect.It is essential to know whether the stakeholders are communicated well and are in sync with the business dealings, resource allocation and mobilization is proper or not etc. In a successful company, external communication process outstands with the expert touch where all the stakeholders are coordinated and communicated effectively. There sees a widening of their business horizons in the light and support of ace external communication methods adopted by the company. Reliable and transparent communication approach is a trademark of a successful company, that leads its business to new high (Kim 2011).Task 44.1 Explain how you would plan the objectives of a corporate communicationstrategyPlanning of corporate communication strategy is the prior step to the formulation of this strategy. Corporate communication strategy, at it s planning stage, determines how to achieve the corporate goals of the company. The clarity and relevance is want in the objectives planned in regularise to make the communication strategy more applicable and effective. Monitoring the objectives effectiveness after the planning stage can lead to more temporary expedient on the same, wherever needed. It is essential to include all the mandate objectives and goals of the company to ensure there is a smooth execution corporate communication, both internally and externally (Coombs, W. T., & Holladay 2011)4.2 Select the audiences to watch with a corporate communications strategy Customers or audience of a company forms a crucial part of the company, impacting its sales volume and profitability. Audience influence is hence associated in each aspect of its communication strategy. When the product is properly communicated to the target customers, the essence will become clear to the customers and thereby more customers are attracted to the product. This can increase the sales of the products of the company. Hence, it is essential for the firm to formulate the ideal and most efficient communication strategies that will have an impact on the customers in a higher degree. More clarity and reliability are sought by customers through communication strategies and this need to be incorporated in the corporate communication strategies for better audience base(Keller et al. 2011).4.3 Plan appropriate measures to monitor a planned corporate communications strategyMonitoring the effectiveness of a corporate strategy is an integral part in the company as this will help to identify the pitfalls and the necessary corrective steps can be taken on an immediate basis without any delays. This will also helps to improve communication with internal and external stakeholders. one(a) of such measuring element is to create SMART (Specific,measurable, attributable, realistic, time bound) objectives. Also, needs to look at both the quant itative and qualitative aspects of corporate communication strategies. The outcome of the strategy needs to be evaluated so as to identify the rectifications (Karaosmanoglu & Melewar 2006).Task 5Reflective Learning StatementFrom this report, it can be understood that corporate communication strategies forms a prominent part of any organization. There is a vital need to ensure these are close in considering every aspects of communication related to both internal stakeholders as well as external stakeholders. The effectiveness of corporate communication strategies is ensured by conducting corporate communication internal and external audit. This involves a series of steps wherein all the stakeholders both inside and outside the company are surveyed to identify the impact of the prevailing communication on them. This helps the company to know where it lags behind and what all improvements it needs to take in the future to ensure a more effective corporate communication strategy. Corpo rate communication strategy is also related to corporate objectives as the attainment of business goals and selling of products, influence of the target audience etc are based on the effectiveness of corporate communication strategies(Roth 2014).ConclusionTo sum up, it is noted that corporate communication strategies are the foundation of business growth and success. When there is an effective communication by the company towards its internal and external stakeholder, it will bring more trust factor on the stakeholders and who in turn support all the business activities. Suppose, If there is a transparent and timely communication of product details to the customers through the communication tools like advertisement, marketing techniques etc, it will increase the brand image as well as brand loyalty by the customers.In this report, the relevance of corporate communication strategy of a company is discussed.Corporate communication strategies have a great link with the ultimate busines s goals. Corporate branding and communication are linked together. When the brand is communicated effectively to the customers, it will lead to more business success. To know the effectiveness of corporate communication strategies, internal and external corporate audit is conducted. There is a need to monitor a planned corporate strategy to make necessary improvements on the same (Becker-Olsen et al. 2011).ReferencesBecker-Olsen, K.L. et al., 2011. A Cross-Cultural trial run of Corporate Social Responsibility Marketing Communications in Mexico and the unify States Strategies for Global Brands. Journal of International Marketing, 19(2), pp.3044. useable at http// daybooks.ama.org/doi/abs/10.1509/jimk.19.2.30 Accessed February 3, 2015. Coombs, W. T., & Holladay, S.J., 2011. The vade mecum of crisis communication (Vol. 22). J. W. & Sons., ed., Cornelissen, 2014. Corporate communication A guide to theory and practice, sage. Doorley, J. & Garcia, H.F., 2011. theme Management The Key to Successful Public Relations and Corporate Communication, Routledge. addressable at https//books.google.com/books?hl=en&lr=&id=TWqUAgAAQBAJ&pgis=1 Accessed February 3, 2015. Kaplan, R. S., & Norton, D.P., 2001. business environment. Harvard Business Press. Available at file///C/Users/Joseph/Downloads/02bfe50d1e9e9e6bfb000000.pdf Accessed February 1, 2015. Karaosmanoglu, E. & Melewar, T.C., 2006. Corporate communications, identity and image A research agenda. Journal of Brand Management, 14(1/2), pp.196206. Available at http//www.palgrave-journals.com/bm/journal/v14/n1/abs/2550060a.html Accessed February 3, 2015. Keller, K.L., Parameswaran, M.G. & Jacob, I., 2011. Strategic Brand Management Building, Measuring, and Managing Brand Equity, Pearson. Available at https//books.google.com/books?hl=en&lr=&id=cofhZbwwFuYC&pgis=1 Accessed February 3, 2015. Kim, S., 2011. Taylor & Francis Online. Available at http//www.tandfonline.com/doi/full/10.1080/1062726X.2011.555647.VNBrz2iUdMA Access ed February 3, 2015. Parguel, B., Benot-Moreau, F. & Larceneux, F., 2011. How Sustainability Ratings capacity Deter Greenwashing A Closer Look
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