Corporate Communications Strategies - Research Paper Example

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Corporate Communication Strategies Name: Institution Course Code: Instructor: Date: 1. Introduction Corporate communications has over the decades grown to be one of the most valuable management and strategic tools in any organization especially if it is well aligned to the overall strategy of a company and meant to improve and enhance the strategic positioning of the organization (Argenti, Howel and Beck, 2005)…
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Corporate Communications Strategies
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"Corporate Communications Strategies"

Download file to see previous pages Since corporate communication is continually evolving, it is imperative the corporate communication strategies used by organizations be up to date, strategic and effective in meeting an organization’s strategic objectives. This research paper investigates the corporate communication strategies employed by organizations that focus on enhancing organizational corporate strategies and goals, and further evaluates the corporate communication functions and channels that enhance such strategies in communicating with different stakeholders such as employees, shareholders, customers, suppliers, among others. Furthermore, the paper analyses the role and significance of corporate communication strategies focusing on corporate reputation, corporate identity and crisis management. 1.1 Corporate Communication Overview and Definition Hasanbegovic (2011, pp. 39) defines corporate communication as goal oriented activities which involve managing all external and internal communications within an organization, aimed at placing an organization in favorable light with its stakeholders. This definition is supported by Hawabhay, Abratt and Peters (2009, pp.12) who in their research note that corporate communication encompasses both external and internal communication channels that align organizational strategic objectives. Such communication need to be systematically integrated in order to prevent a fragmented and blurred image of the company. Various scholars have looked at the link between corporate communication and corporate strategy, concluding that organizations have the ability to develop a competitive advantage not only through the use of organizational resources effectively to achieve desired outcomes, but also through managing communication among different stakeholders in a company aimed at molding the perception and interpretations of the organizational stakeholders (Halliburton & Ziegfeld, 2009; Forman & Argenti, 2005; Hawabhay, Abratt, & Peters, 2009). Such communication also helps form long term relationships with the key stakeholders who shape the organisation’s reputation and image. Corporate communication strategies have mainly been linked to organization’s reputation building. Forman and Argenti (2005, pp. 248) makes this connection noting that the primary role of corporate communication is to develop and enhance the organization’s reputation, thereby creating a competitive advantage for the firm as the firm reduces the firm’s transactions. Corporate reputation defined as the ‘perceptual representation of the company that defines the overall appeal of the organization to the key stakeholders relative to other rival companies (Hasnbegovic, 2011, pp. 39), is clearly a central focus in any corporate communication strategy. From the above definition it can be noted that in order to develop and maintain a favorable corporate reputation, then corporate communications are directed at influencing the perceptions of different stakeholders on how an organization is viewed. This clearly implies therefore, that the central purpose of corporate communication function in an organization is to manage the impression of a company’s stakeholders on order to enhance the reputation of the ...Download file to see next pagesRead More
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Wonderful paper! Used it to complete an assignment for a marketing course. It was easy as ABC, for the first time in my life.
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