Creating a Corporate
Image
Edited: June 22, 2007
By: Lonnie Amirault
For any corporation it is very important to create a
distinct image in the market. This is known as Corporate Image
which distinguishes the corporation from its competitors and
provides a picture of it to the general public.
It depicts the principles, beliefs, productivity of the
company. This image is responsible for increasing the sales of
the product and to achieve brand equity.
Corporate image creation is a strenuous and time consuming
process and is carried out by experts qualifying in perception
management. Basically, the creation involves marketing experts
who used various kinds of promotion methods and public
relations.
Since this image is targeted to attract the customers it
should be highly appealing. Besides the marketing experts
critics play an important role too.
The name of the corporation and its catch line should
reflect its belief like Wal-Mart, which says that it sells for
less. A logo should also be designed accordingly.
Like the corporation FedEx has an arrow incorporated in its
logo which depicts its fast and efficient service. Once the
image is created by the corporation the next step is
advertising and product distribution in the market.
Like if the corporation creates luxury products, they should
rope in big names in the advertising experts and the models to
be featured in these ads should be super stars.
Likewise, they should not distribute their products to every
other store; instead they should target more hi-fi malls. Time
to time, advertising and branding budget should be reviewed to
cut down on cost and to be in-sync with the technology. This
also helps in revamping the corporate image according to the
fast changing demands of the consumer.
Testimonies of news papers, magazines, and labor union can
deteriorate a well-created corporate image. Simplest of
controversies can be exaggerated by the media and spoil the
name of the company.
Controversies are born by the interference of organizations
related to environment, religion, crime, politics, education
and charity. Government, too, is another powerful and
influential organization by itself.
Once the corporate image is created, it should be retained.
It should not be like here today and gone tomorrow. This image
should be reflected in all the brands and product line of the
corporation.
Even if one of the products isn’t up to the mark, it will
lead to confusion among the consumers and will hit the sales of
the company. Like recently there was controversy about a
particular contact lens solution of a company.
It was supposed to be infecting the users with a rare
disease. This not only affected the sales revenue of that
particular product but also made the customers think and raise
question about the authenticity of other products of that
particular company.
Another company’s products had hidden non-vegetarian
ingredient in a vegetarian product. This led to the decrease of
trust among the customers.
In such a case the company should either advertise itself as
a company selling non-vegetarian food or it should invest in
promoting the company as vegetarian by introducing more
vegetarian products.
So the image of each individual product of the company makes
up for the complete image of the corporation. And last but not
the least, the image should be very realistic, truly
representing its values and should leave a personal touch with
the consumers.
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