Organisations and their corporate brand management
Organisations are now dealing with the bigger challenge in terms of branding. It has found out that corporate brand has complicated and difficult rapidly changing fundamentals. Balmer (2001) reflects the organisations subcultures. Consider the example of Mercedes its corporate brand stands for high class, luxury and high performance and it can be clearly seen in the sub culture of C-class S-class and M-class.
The key question arises here should the organization adapt the concept branding? Corporate brands have generally longer life cycle then the product brand. There is a bigger drawback attached to corporate branding as if a company gets a bad publicity of its corporate brand it will affect its all the products. Balmer (2003) describes the corporate brand as having the role of a driver for many stakeholders, thus highlighting the increasing importance of corporate branding. Olins recommended that the organization with no understanding of what are they about?
Corporate branding must be used properly and organize the branding and behave in an ethical way. Coca Cola has used the advantage unethically when first introduced its water Dasani in U.K and it was later discovered it was nothing but Tap water from general water supply. It can also be seen in McDonald’s case that they are portrayed as McDonald’s that they are selling McDonald’s outlets. It is important for the organization with a corporate branding like Coca Cola, and Mercedes to stick with the values they present.
Essay above suggests that awareness in a competitive market. Corporate brand have impact both externally and internally. Corporate brand have many benefits gaining the competitive advantages over its competitors and achieving the economies of scale. Organizations must manage their corporate orders effectively and efficiently in order to get the maximum benefit.
It can also conclude from the authors mentioned above that many organisations without a strong corporate brand will face difficulties in coming future. So organisations without a corporate brand such as Proctor and Gamble and Unilever have to work towards the achieving one strong corporate brand.
Effective and strategic support of a corporate brand can make it easier for organisations to do business. Corporate branding is stronger then the quality and price of a product.