What do you mean by corporate communication? discuss in detail about nature and scope of corporate communication
Answers
Explanation:
Corporate communication is the practice of developing, cultivating and maintaining a corporate identity or brand image. A solid corporate communications team provides initiatives to mold company image, communicate with internal and external audiences, and sustain a long-term positive reputation. Through public relations and wide-spread corporate communications, your customers, employees and clients can share in your company's successes.
It's nature and scope are as follows :-
Building a Reputation
Corporate communication encompasses methods and processes in promoting a company’s credentials, its positioning pitch and its acceptability in the marketplace. It involves a series of planned, interconnected activities and programs to communicate and engage with internal employees and externally with partners, customers and other stakeholders. Corporate communication helps highlight a company’s annual earnings and achievements, its roster of products and services and its philanthropy and community outreach efforts. The intent at all times is to project a unified message and a consistent corporate identity.
Building Corporate Identity
Corporate communication is generally acknowledged as the best possible method of building long-term corporate identity. A well-articulated and consistent corporate communication strategy, along with larger advertising and PR campaigns, reinforces a positive image about your company. This practice has helped businesses, corporations and even startups to develop and sustain unique corporate brand identities. Strategic, timely and well-orchestrated corporate communication initiatives have helped companies to limit negative fallouts of market missteps, crisis scenarios or unseemly or controversial utterances by key business executives
Building an Influence
The top management or key business executives play an influential and nuanced role in shaping the corporate communication agenda of an organization. The communications team will follow their lead, and often use higher-ups and top management as part of their campaigns. Management can offer strategic inputs and suggestions to fine-tune specific programs and communicate key organizational highlights. The communications team takes these insights and translates them for their audience of clients, customers and employees. The relationship between upper management and the communications team is vital to sharing corporate wins.
Supporting the Corporate Communication Team
The in-house corporate communication department is the key enabler of any corporate communication effort. A senior executive and the brand communication manager devise, develop and revise various initiatives. They understand the need to be flexible and account for evolving business environments and contextual organizational shifts. The team drafts news releases, prepares executive briefs for top management, ghostwrites op-eds, blogs, social media posts and columns for business managers and other higher-ups. The team arranges interviews of key personnel in relevant industry and trade publications or for panel-based programs on cable and network news channels. The department can also liaise with an external PR agency to manage nationwide PR campaigns and press conferences.
Benefits and Beyond
A well-managed, flexible and sustained corporate communication practice can reap both medium and long-term benefits. It enables a company to have a distinctive identity in a crowded and intensely competitive marketplace environment. Customers are more loyal to the company and generally feel positive about buying or consuming the company’s products and services. Business investors stay committed to investing in the company. Shareholders remain confident about the capabilities of key executives, and the long-term prospects and profitability of the company.
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Answer:
Corporate communication is a set of activities involved in managing and orchestrating all internal and external communications aimed at creating favourable point of view among stakeholders on which the company depends.
Explanation:
Meaning and Nature of Communication. Every business concern has certain specified objectives. ... Thus, communication involves interchange of thought or information among persons in an organisation and is a systematic and continuous process of telling, listening and understanding.
The scope of corporate communication includes internal communications, public relations, social media, customer communications and investor relations. When combined, these elements of corporate communication strengthen your company's brand and presence in the marketplace.